Backblaze (BLZE) Stock Price, News & Analysis

Company Overview

Backblaze, Inc. (NASDAQ: BLZE) is a provider of cloud-based data storage and online backup services designed for individuals, small businesses, and enterprise customers. Since its founding, the company has emphasized simplicity, reliability, and transparent pricing in delivering scalable solutions that protect digital assets. Backblaze’s core offerings enable users to safeguard data on personal computers, servers, and virtual machines, while its developer-focused B2 Cloud Storage platform competes with major hyperscale providers by offering an S3-compatible object storage service at a lower price point.

At the heart of Backblaze’s product suite is its Unlimited Backup service, which automatically secures files, photos, videos, and documents from compatible devices. Available in both Personal and Business editions, this service provides continuous data protection, one-click restore capabilities, and support for external drives. Complementing this is B2 Cloud Storage, introduced in 2015, which allows customers to store large volumes of unstructured data with pay-as-you-go billing, lifecycle rules, and a global content delivery network (CDN) integration for efficient distribution.

Backblaze was established in 2007 by Gleb Budman, Brian Wilson and Tim Nufire, with a mission to simplify data backup for everyone. Over the years, the company has expanded its infrastructure footprint to include purpose-built data centers in California, Texas and the Netherlands, enabling low-latency access for users across North America, Europe and select global regions. In November 2021, Backblaze completed its initial public offering, marking a significant milestone in its growth trajectory and raising its profile among technology and enterprise customers.

Under the leadership of co-founder and CEO Gleb Budman, Backblaze continues to invest in engineering innovation, operational efficiency and customer service. The company serves a diverse base ranging from freelancers to major media outlets and research institutions, offering integrations with popular platforms and APIs for seamless data management. With a focus on transparency, Backblaze publishes real-time data center performance metrics and regularly shares insights on storage reliability, further underscoring its commitment to trust and accountability in the cloud storage market.

Key Stats

• Today's Range: $5.12 to $5.23
• 50-Day Range: $4.50 to $5.98
• 52-Week Range: $3.94 to $8.08
• Volume: 95,374 shs
• Average Volume: 384,787 shs
• Market Capitalization: $282.46 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $9.88
• Consensus Rating: Buy

Backblaze Stock Analysis - MarketRank™

Backblaze scored higher than 46% of companies evaluated by MarketBeat, and ranked 432nd out of 660 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Backblaze has received a consensus rating of Buy. The company's average rating score is 3.13, and is based on 7 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Backblaze has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Backblaze are expected to grow in the coming year, from ($1.02) to ($0.72) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Backblaze is -5.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Backblaze is -5.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Backblaze has a P/B Ratio of 3.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.99% of the float of Backblaze has been sold short.

Short Interest Ratio / Days to Cover

Backblaze has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Backblaze has recently increased by 20.00%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Backblaze does not currently pay a dividend.

Dividend Growth

Backblaze does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.99% of the float of Backblaze has been sold short.

Short Interest Ratio / Days to Cover

Backblaze has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Backblaze has recently increased by 20.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.19

News Sentiment

Backblaze has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.86 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Backblaze this week, compared to 4 articles on an average week.

Search Interest

Only 3 people have searched for BLZE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Backblaze to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Backblaze insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.80% of the stock of Backblaze is held by insiders.

Percentage Held by Institutions

54.03% of the stock of Backblaze is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BLZE Stock Analysis - Frequently Asked Questions

How have BLZE shares performed this year?

Backblaze's stock was trading at $6.02 at the start of the year. Since then, BLZE shares have decreased by 13.9% and is now trading at $5.1850.

How were Backblaze's earnings last quarter?

Backblaze, Inc. (NASDAQ:BLZE) announced its quarterly earnings results on Thursday, November, 7th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.18. The business earned $32.59 million during the quarter, compared to the consensus estimate of $32.54 million. Backblaze had a negative net margin of 35.38% and a negative trailing twelve-month return on equity of 68.91%.
Read the conference call transcript.

When did Backblaze IPO?

Backblaze (BLZE) raised $101 million in an IPO on Thursday, November 11th 2021. The company issued 6,300,000 shares at $15.00-$17.00 per share. Oppenheimer & Co., William Blair and Raymond James acted as the underwriters for the IPO and JMP Securities, Lake Street and B. Riley Securities were co-managers.

How do I buy shares of Backblaze?

Shares of BLZE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Backblaze own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Backblaze investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), The RMR Group (RMR) and NVIDIA (NVDA).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 7/14/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: INTERNET SOFTWARE
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:BLZE
• CIK: 1462056
• Web: www.backblaze.com
• Phone: 650-352-3738
• Fax: 650-472-8095
• Employees: 270
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Backblaze: $9.88
• High Price Target: $14.00
• Low Price Target: $7.00
• Potential Upside/Downside: +90.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.01)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$48.53 million
• Net Margins: -35.38%
• Pretax Margin: -35.32%
• Return on Equity: -68.91%
• Return on Assets: -27.82%

Debt

• Debt-to-Equity Ratio: 0.21
• Current Ratio: 1.09
• Quick Ratio: 1.09

Sales & Book Value

• Annual Sales: $132.27 million
• Price / Sales: 2.15
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.45 per share
• Price / Book: 3.58

Miscellaneous

• Outstanding Shares: 54,900,000
• Free Float: 52,045,000
• Market Cap: $284.66 million
• Optionable: Optionable
• Beta: 1.14