Backblaze (BLZE) Set to Post Quarterly Earnings on Monday

Key Points

• Backblaze is scheduled to report Q3 2026 results after the market closes on November 2. Analysts expect earnings of $0.04 per share on revenue of $44.59 million; in the prior quarter, the company beat estimates with EPS of $0.08 and revenue of $42.71 million.
• BLZE opened at $8.34, compared with 50-day and 200-day moving averages of $13.30 and $11.33, respectively. The stock has traded between $3.26 and $23.99 over the past year, while analysts maintain a “Moderate Buy” consensus and an average price target of $19.71.
• CEO Gleb Budman and CFO Marc Suidan recently sold small portions of their holdings to cover tax obligations related to vested equity awards. Insiders collectively own 4.20% of Backblaze.

Backblaze (NASDAQ:BLZE - Get Free Report) is expected to be issuing its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect Backblaze to post earnings of $0.04 per share and revenue of $44.59 million for the quarter. Parties can find conference call details on the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Monday, November 2, 2026 at 5:00 PM ET.

Backblaze (NASDAQ:BLZE - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. The business had revenue of $42.71 million during the quarter, compared to analyst estimates of $39.94 million. Backblaze had a negative return on equity of 16.73% and a negative net margin of 13.07%. On average, analysts expect Backblaze to post ($0.28) EPS for the current fiscal year and ($0.28) EPS for the next fiscal year.

Backblaze Stock Performance

NASDAQ BLZE opened at $8.34 on Monday. The company has a market cap of $516.25 million, a P/E ratio of -24.53 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.00. The business's 50 day moving average price is $13.30 and its 200-day moving average price is $11.33. Backblaze has a fifty-two week low of $3.26 and a fifty-two week high of $23.99.

Insider Buying and Selling

In other news, CEO Gleb Budman sold 12,855 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $15.82, for a total transaction of $203,366.10. Following the transaction, the chief executive officer directly owned 2,192,103 shares of the company's stock, valued at approximately $34,679,069.46. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Marc Suidan sold 2,110 shares of Backblaze stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $15.82, for a total transaction of $33,380.20. Following the sale, the chief financial officer directly owned 349,518 shares of the company's stock, valued at $5,529,374.76. This represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 4.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on BLZE shares. William Blair reaffirmed a "market perform" rating on shares of Backblaze in a research note on Friday, October 2nd. Needham & Company LLC reissued a "buy" rating and issued a $23.00 target price on shares of Backblaze in a research note on Thursday, September 10th. Citizens Jmp increased their target price on shares of Backblaze from $16.00 to $21.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 4th. Oppenheimer raised their target price on shares of Backblaze from $15.00 to $25.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Finally, Lake Street Capital restated a "buy" rating and issued a $21.00 target price on shares of Backblaze in a report on Tuesday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.71.

About Backblaze

Backblaze, Inc provides cloud storage and data backup services for businesses, developers and individual users. The company's offerings are designed to help customers protect, store, manage and access data without maintaining their own extensive storage infrastructure.

Its primary products include Backblaze Computer Backup, a subscription service that automatically backs up data from computers, and Backblaze B2 Cloud Storage, an object-storage platform used for applications such as backup, archiving, content storage and media workflows.

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