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BLZE

Backblaze, Inc.

BLZE

NASDAQ·Technology·Software - Infrastructure·Mkt cap $981.8M

$15.62

-4.52%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$3.26 - $16.59

P/E

-40.05

Fwd P/E

151.72

Beta

1.72

Div Yield

0.00%

Avg Vol

2.9M

Shares Out

60.1M

Mkt Cap

$981.8M

Price action

Price chart

Up 201.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Cost-effective infrastructure built on commodity hardware vs. proprietary systems
  • Transparent pricing and consumption-based model with no hidden fees
  • Strong brand reputation for reliability and customer support in SMB and developer markets
  • Proprietary web-scale software platform enabling operational efficiency
  • Integrated backup and ransomware protection solutions

Bear Case

2 risks

  • Above-average volatility (beta 1.7).
  • Extreme premium - high expectations embedded

Growth

Turning profitable

Rising enterprise demand for ransomware protection and data backup solutions

Value

Extreme premium - high expectations embedded

Momentum

Hot

+349.4% over 3m

Quality

Excellent

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 6, 2026

Q2 26 RECAP

MAY 4, 2026

Reported EPS of $0.04 vs $0.02 consensus (+139.9% surprise). Revenue of $38.7M vs $37.8M expected (+2.3%). Beat on both top and bottom lines.

EPS beat +139.9%
Rev beat +2.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+139.9%

Next: Aug 6, 2026

Revenue trend · last 8Q

+18%

+15%

+16%

+14%

+12%

+12%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$31.3M

$32.6M

$33.8M

$34.6M

$36.3M

$37.2M

$37.8M

$38.7M

Margins · last 8Q

Gross

Operating

Profit

-15.9%

Wall Street consensus

8 analysts · 88% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

7

88%

Hold

1

13%

Sell

0%

Median Price Target

$9.75

-37.6% vs $15.62

Low $8.50
Median $9.75
High $11.00

Latest: Lake Street · Jun 24, 2026

2 analysts covering

vs Industry

How BLZE stacks vs Software - Infrastructure

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.