Backblaze (BLZE) Stock Overview
A cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
BLZE Community Fair Values
Create NarrativeSee what 17 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
JO
Jolt_Communications
Community ContributorUS$6.85FV • 67.0% undervalued intrinsic discount
73.0%Revenue growth p.a.
3.1k
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0
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Backblaze, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$4.28 |
| 52 Week High | US$10.86 |
| 52 Week Low | US$3.26 |
| Beta | 1.3 |
| 1 Month Change | 24.06% |
| 3 Month Change | -5.93% |
| 1 Year Change | -4.04% |
| 3 Year Change | 7.54% |
| 5 Year Change | n/a |
| Change since IPO | -78.49% |
Recent News & Updates
BLZE: Softer Outlook And Mixed Trends May Set Stage For Neocloud Upside
Backblaze's updated analyst price targets, which have moved into a lower $4.50 to $8.50 range, reflect analysts' mixed take on softer B2 Cloud growth, a guided slowdown to about 8% revenue growth, margin pressure and higher capital spending. These factors are balanced against solid recent results and progress on cash flow and large customer deals.BLZE: Softer Outlook May Set Stage For Future Neocloud Deal Upside
Analysts have trimmed Backblaze's implied fair value in line with lower Street price targets. The model's fair value estimate has moved from about $8.00 to roughly $4.50 as they factor in softer revenue growth expectations, a higher discount rate, and reduced future P/E multiples, despite some improvement in margin assumptions.
BLZE: Neocloud Deal And Margin Execution Will Support Future Upside
Analysts have trimmed their average price targets for Backblaze by a few dollars, reflecting softer B2 Cloud growth guidance, expectations for about 8% revenue growth, and some margin pressure, even as recent quarters showed stronger adjusted EBITDA margins and progress on execution. Analyst Commentary Street research on Backblaze reflects a mixed view, with lower price targets and one rating downgrade set against signs of improved execution and profitability.Recent updates
BLZE: Softer Outlook And Mixed Trends May Set Stage For Neocloud Upside
Backblaze's updated analyst price targets, which have moved into a lower $4.50 to $8.50 range, reflect analysts' mixed take on softer B2 Cloud growth, a guided slowdown to about 8% revenue growth, margin pressure and higher capital spending. These factors are balanced against solid recent results and progress on cash flow and large customer deals.BLZE: Softer Outlook May Set Stage For Future Neocloud Deal Upside
Analysts have trimmed Backblaze's implied fair value in line with lower Street price targets. The model's fair value estimate has moved from about $8.00 to roughly $4.50 as they factor in softer revenue growth expectations, a higher discount rate, and reduced future P/E multiples, despite some improvement in margin assumptions.BLZE: Neocloud Deal And Margin Execution Will Support Future Upside
Analysts have trimmed their average price targets for Backblaze by a few dollars, reflecting softer B2 Cloud growth guidance, expectations for about 8% revenue growth, and some margin pressure, even as recent quarters showed stronger adjusted EBITDA margins and progress on execution. Analyst Commentary Street research on Backblaze reflects a mixed view, with lower price targets and one rating downgrade set against signs of improved execution and profitability.Backblaze: B2 Cloud Growth Keeps Slowing, Banks On Neocloud (Downgrade)
Mar 11BLZE: Profit Execution And Neocloud Deal Will Support Future Upside
Backblaze's updated analyst price target signals a meaningful reset, with our fair value estimate moving from $10.06 to $8.34 as analysts factor in lower expected revenue growth, a slightly higher discount rate, and reduced future P/E assumptions, despite incremental improvement in profit margin expectations. Analyst Commentary Recent Street research around Backblaze clusters around a single theme: expectations for growth and valuation have reset lower, even as execution on profitability and larger deals draws some cautious optimism.BLZE: Startup Program And Stable Outlook Will Support Future Upside
Analysts have kept their Backblaze fair value estimate steady at $10.06 while slightly adjusting underlying assumptions such as discount rate, profit margin and future P/E. This has led to a modestly refined price target rather than a major reset.BLZE: Creator Content Partnership And Stable Outlook Will Support Future Upside
Analysts have slightly reduced their price target on Backblaze to about US$10.06 per share, mainly reflecting a modest adjustment to the discount rate and a small tweak to the future P/E assumption, rather than any change to fair value, revenue growth, or profit margin inputs. What's in the News Backblaze announced that its B2 Cloud Storage platform is integrated with Shareio, a platform focused on helping creators monetize and protect digital content with security and clear economic terms (Key Developments).BLZE: Lower Price Expectations Will Still Support Future Upside Potential
Narrative Update Analysts have trimmed their price target on Backblaze to US$9 from US$11, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E that modestly adjust their valuation framework. Analyst Commentary Recent research updates reflect a more cautious stance on Backblaze's upside, with the price target reduced to US$9 from US$11 while a positive rating on the shares is maintained.BLZE: Strengthening Software Demand And Deal Flow Will Support Future Upside
Analysts have adjusted their price targets on Backblaze in a tight range, with one firm moving to US$9 from US$11 and another to US$11 from US$10. These changes reflect updated views on the stock's risk profile and earnings potential, while the underlying fair value inputs remain largely unchanged.BLZE: Strengthening Deal Flow Will Support Upside Momentum In Coming Quarters
Analysts have trimmed their Backblaze price target slightly, from $10.11 to $10.06, reflecting a modestly higher discount rate and slightly lower revenue growth expectations, even as they remain broadly constructive on the company’s longer term setup. Analyst Commentary Recent Street research presents a mixed but generally constructive view on Backblaze, with near term caution on valuation and execution intersecting with improving confidence in the company’s growth trajectory.Is Backblaze (NASDAQ:BLZE) A Risky Investment?
Dec 18
BLZE: Improving Revenue Visibility Will Support Upside Momentum In The Coming Quarters
Analysts modestly reduced their Backblaze price target to $10.11 from $10.55, citing a slightly higher discount rate and lower future P/E expectations, even as revenue growth and margin assumptions remain broadly intact. Analyst Commentary Analysts remain split on Backblaze, with some highlighting improving fundamentals and others emphasizing valuation risk and execution challenges as the company scales.BLZE: Anticipated Revenue Upside Will Drive Business Momentum This Quarter
Analysts have adjusted their price target for Backblaze downward, lowering it from $11.74 to $10.55 per share. They cite moderating revenue growth expectations and a slightly higher discount rate in recent forecasts as the reasons for this adjustment.Backblaze, Inc.'s (NASDAQ:BLZE) 39% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Nov 10Backblaze, Inc. (NASDAQ:BLZE) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
Nov 08Emerging AI Workloads Will Drive New Data Opportunities
Despite a downgrade in consensus revenue growth forecasts, Backblaze’s analyst price target rose slightly to $11.74, supported by a higher future P/E multiple. What's in the News Backblaze provided third-quarter 2025 revenue guidance of $36.7 million to $37.1 million.What Backblaze, Inc.'s (NASDAQ:BLZE) 67% Share Price Gain Is Not Telling You
Sep 03Backblaze, Inc. (NASDAQ:BLZE) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Aug 10Backblaze, Inc.'s (NASDAQ:BLZE) 26% Price Boost Is Out Of Tune With Revenues
May 22Backblaze, Inc. (NASDAQ:BLZE) Just Released Its First-Quarter Earnings: Here's What Analysts Think
May 10
B2 Cloud And AI Pipelines Will Expand Market Opportunities
Expansion in B2 Cloud Storage and shift to enterprise customer focus could significantly boost revenue and sales productivity.Slammed 26% Backblaze, Inc. (NASDAQ:BLZE) Screens Well Here But There Might Be A Catch
Mar 27We're Not Worried About Backblaze's (NASDAQ:BLZE) Cash Burn
Mar 07Backblaze: As B2 Cloud Storage Accelerates, This Stock Can Rally Fiercely
Mar 03It's A Story Of Risk Vs Reward With Backblaze, Inc. (NASDAQ:BLZE)
Feb 08Backblaze: Great Value Buy Amid Sales Shake-Up
Dec 16Revenues Tell The Story For Backblaze, Inc. (NASDAQ:BLZE) As Its Stock Soars 26%
Nov 07Is Backblaze (NASDAQ:BLZE) Using Debt Sensibly?
Oct 11Backblaze: High Growth Software Stock Trading For Peanuts
Sep 27It Is Time To Dip A Toe In Backblaze
Jul 04Is Backblaze (NASDAQ:BLZE) A Risky Investment?
Jul 01Is It Time To Consider Buying Backblaze, Inc. (NASDAQ:BLZE)?
Jun 05Backblaze, Inc.'s (NASDAQ:BLZE) 26% Cheaper Price Remains In Tune With Revenues
May 10Calculating The Fair Value Of Backblaze, Inc. (NASDAQ:BLZE)
Mar 15Is It Time To Consider Buying Backblaze, Inc. (NASDAQ:BLZE)?
Feb 25Backblaze: Lacking A Competitive Offering As Losses Accumulate
Feb 09Why Investors Shouldn't Be Surprised By Backblaze, Inc.'s (NASDAQ:BLZE) 28% Share Price Surge
Feb 07Does Backblaze (NASDAQ:BLZE) Have A Healthy Balance Sheet?
Jan 25Shareholder Returns
| BLZE | US IT | US Market | |
|---|---|---|---|
| 7D | 6.2% | -1.5% | 0.6% |
| 1Y | -4.0% | -2.1% | 28.7% |
Return vs Industry: BLZE underperformed the US IT industry which returned -1.6% over the past year.
Return vs Market: BLZE underperformed the US Market which returned 27.6% over the past year.
Price Volatility
| BLZE volatility | |
|---|---|
| BLZE Average Weekly Movement | 7.6% |
| IT Industry Average Movement | 9.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: BLZE has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: BLZE's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 320 | Gleb Budman | www.backblaze.com |
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases.
Backblaze, Inc. Fundamentals Summary
| BLZE fundamental statistics | |
|---|---|
| Market cap | US$250.86m |
| Earnings (TTM) | -US$25.61m |
| Revenue (TTM) | US$145.84m |
1.8x
P/S Ratio-10.0x
P/E RatioIs BLZE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BLZE income statement (TTM) | |
|---|---|
| Revenue | US$145.84m |
| Cost of Revenue | US$56.93m |
| Gross Profit | US$88.91m |
| Other Expenses | US$114.52m |
| Earnings | -US$25.61m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
May 04, 2026
| Earnings per share (EPS) | -0.43 |
| Gross Margin | 60.96% |
| Net Profit Margin | -17.56% |
| Debt/Equity Ratio | 0% |
How did BLZE perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/30 15:26 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Backblaze, Inc. is covered by 9 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zachary Cummins | B. Riley Securities, Inc. |
| Edward Stacey | Cavendish |
| Rustam Kanga | Citizens JMP Securities, LLC |