Backblaze, Inc., a cloud storage platform, provides businesses and consumers with solutions to store, use, and protect data globally. The company is headquartered in San Mateo, California.
| Revenue (TTM) | $165.79M |
| Gross Profit (TTM) | $104.24M |
| EBITDA | $8.21M |
| Operating Margin | 0.67% |
| Return on Equity | -23.20% |
| Return on Assets | -1.56% |
| Revenue/Share (TTM) | $2.75 |
| Book Value | $1.29 |
| Price-to-Book | 6.54 |
| Price-to-Sales (TTM) | 2.89 |
| EV/Revenue | 3.55 |
| EV/EBITDA | 40.57 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 25.50% |
| Shares Outstanding | $63.20M |
| Float | $60.63M |
| % Insiders | 4.45% |
| % Institutions | 60.02% |
Volatility is currently expanding
Backblaze delivered a blowout Q3, surging ~40% post-earnings despite broader AI sector weakness. BLZE maintains a healthy net cash position, with $230.2M cash versus $194.5M debt, and recently raised $201M in 0% convertible debt. CoreWeave's $335M, 5-year deal is a major revenue driver but poses a concentration risk amid neocloud sector volatility.
Backblaze, Inc. ( BLZE ) Q3 2026 Earnings Call November 2, 2026 5:00 PM EST Company Participants Mimi Kong - Senior Director of Investor Relations & Corporate Development Gleb Budman - Co-Founder, CEO & Chairman Marc Suidan - Chief Financial Officer Conference Call Participants Ittai Kidron - Oppenheimer & Co. Inc., Research Division Jason Ader - William Blair & Company L.L.C., Research Division Michael Cikos - Needham & Company, LLC, Research Division Erik Suppiger - B.
Backblaze, Inc. (BLZE) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.03 per share a year ago.
SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance capacity storage layer for AI, will report financial results for its third quarter ending September 30, 2026 on Monday, November 2, 2026 after market close. Following the release of results, Backblaze will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on November 2, 2026 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/717942152 Register to listen by phone: https.
Backblaze NASDAQ: BLZE reported a quarterly annualized failure rate of 1.73% across its hard-drive fleet in its Q2 2026 Drive Stats report, an increase from the company's longer-term average but one that management said was largely attributable to a small number of statistical outliers.
Backblaze, Inc. (BLZE) Drive Stats Report and Trends in Hard Drive and Solid-State Drive Technologies Transcript
SAN FRANCISCO--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the high-performance capacity storage layer for AI, introduced updates to Business Computer Backup that change how Jamf admins deploy and manage backup across their environments - helping ensure endpoint data is consistently protected, not just managed. The release builds on Backblaze's existing Jamf integration, adding a more flexible way to onboard devices and users - especially in environments that aren't perfectly centralized -.
Backblaze earns a Buy rating with a $16 price target, reflecting strong B2 Cloud Storage growth and new AI contracts like CoreWeave. B2 revenue grew 34% in Q2, with core growth around 26% excluding price increases; future revenue visibility improves with large enterprise contracts. Gross margins face near-term pressure as infrastructure investments precede revenue recognition, causing negative free cash flow for several quarters.
Backblaze, Inc. (BLZE) Analyst/Investor Day Transcript
Backblaze is accelerating top line growth, driven by its B2 Cloud Storage segment, now 62% of revenue after 34% YoY growth in Q2'26. AI model training and robotics foundational models are fueling sustained demand for BLZE's cost-effective storage, with broad-based customer growth and increased spending. The CoreWeave contract, worth $313M net over five years, is set to ramp significantly by mid-2027, providing substantial incremental revenue.
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