Backblaze, Inc., a storage cloud platform, provides businesses and consumers with solutions to store, use, and protect the data worldwide. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, including backups, multi-cloud, application development, and ransomware protection. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides as a subscription-based Software-as-a-Service and serves use cases comprising computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.
IPO Year: 2021
Exchange: NASDAQ
Website: backblaze.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2025 | $7.00 | Mkt Outperform | Citizens JMP |
| 3/11/2025 | $8.00 | Buy | Needham |
| 2/18/2022 | $26.00 → $22.00 | Outperform | Raymond James |
| 12/6/2021 | $28.00 | Buy | Lake Street |
| 12/6/2021 | Outperform | William Blair | |
| 12/6/2021 | $26.00 | Outperform | Raymond James |
| 12/6/2021 | Outperform | Oppenheimer | |
| 12/6/2021 | $30.00 | Market Outperform | JMP Securities |
| 12/6/2021 | $29.00 | Buy | B. Riley Securities |
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Citizens JMP initiated coverage of Backblaze with a rating of Mkt Outperform and set a new price target of $7.00
Needham initiated coverage of Backblaze with a rating of Buy and set a new price target of $8.00
Raymond James reiterated coverage of Backblaze with a rating of Outperform and set a new price target of $22.00 from $26.00 previously
Lake Street initiated coverage of Backblaze with a rating of Buy and set a new price target of $28.00
William Blair initiated coverage of Backblaze with a rating of Outperform
Raymond James initiated coverage of Backblaze with a rating of Outperform and set a new price target of $26.00
Oppenheimer initiated coverage of Backblaze with a rating of Outperform
JMP Securities initiated coverage of Backblaze with a rating of Market Outperform and set a new price target of $30.00
B. Riley Securities initiated coverage of Backblaze with a rating of Buy and set a new price target of $29.00
Live finance-specific insights
29% Revenue Growth in B2 Cloud Storage, 16% Revenue Growth Overall in Q2 2025 Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its second quarter ended June 30, 2025. "We're pleased with our continued strong quarterly performance, with B2 revenue growth accelerating from 23% to 29% sequentially and solidifying our journey to be Adjusted Free Cash Flow positive in Q4," said Gleb Budman, CEO of Backblaze. "We drove innovation with a suite of new cyber security data offerings announced in Q2 and Q3, including AI-powered ‘Anomaly Alerts,' functionality designed to help customers detect pote
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its second quarter ending June 30, 2025 on Thursday, August 7, 2025 before market open. Following the release of results, Backblaze will host a conference call and webcast at 5:00 a.m. PT (8:00 a.m. ET) on August 7, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/666498838 Register to listen by phone: https://registrations.events/direct/Q4I9661615 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investo
23% Revenue Growth in B2 Cloud Storage, 15% Revenue Growth Overall in Q1 2025 Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its first quarter ended March 31, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250507174214/en/ "Backblaze continued its upward trajectory, and I am proud to report that in Q1, we grew 15% year over year. And we signed our largest contractual commitment consisting of a multi-million dollar contract over a multi-year period. We delivered increased B2 revenue growth of 23%; powerful proof for how e
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its first quarter ending March 31, 2025 on Wednesday, May 7, 2025 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 May 7, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/343201800 Register to listen by phone: https://registrations.events/direct/Q4I489013 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relation
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its fourth quarter and full year ending December 31, 2024 on Tuesday, February 25, 2025 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 February 25, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/327945335 Register to listen by phone: https://registrations.events/direct/Q4I489011 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its com
39% Revenue Growth in B2 Cloud Storage, 29% Revenue Growth Overall in Q3 2024 Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its third quarter ended September 30, 2024. "I'm excited that we have kicked off a go-to-market transformation and continue to build our upmarket momentum with two multi-year deals each totaling approximately $1 million," said Gleb Budman, CEO of Backblaze. "We are also aggressively executing cost efficiencies throughout the organization to accelerate being adjusted free cash flow positive by Q4 2025." "I'm proud to share that our Adjusted EBITDA Margin for the q
SAN MATEO, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its third quarter ending September 30, 2024 on Thursday, November 7, 2024 after market close. Following the release of results, Backblaze will host a conference call and webcast at 1:30 p.m. PT (4:30 p.m. ET) on November 7, 2024 to discuss the results. Attend the webcast: https://edge.media-server.com/mmc/p/ywn46sgiRegister to listen by phone: https://dpregister.com/sreg/10192395/fd6964326b Phone registrants will receive dial-in information via email. An archive of the webcast wil
SAN MATEO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its second quarter ended June 30, 2024. "Q2 marked another strong growth quarter for Backblaze, along with efficient execution driving continued margin expansion and momentum moving up-market," said Gleb Budman, CEO of Backblaze. "We continued our recent string of innovations with the launch of Backblaze B2 Live Read in June. This transformative, patent-pending feature enables customers to use their data during the upload process, which has unique value for live broadcast workflows. "Add
SAN MATEO, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its second quarter ending June 30, 2024 on Thursday, August 8, 2024 after market close. Following the release of results, Backblaze will host a conference call and webcast at 1:30 p.m. PT (4:30 p.m. ET) on August 8, 2024 to discuss the results. Attend the webcast: https://edge.media-server.com/mmc/p/47dcvumdRegister to listen by phone: https://dpregister.com/sreg/10190613/fcff4b25e9 Phone registrants will receive dial-in information via email. An archive of the webcast will be ava
SAN MATEO, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), a leading specialized storage cloud platform, today announced results for its first quarter ended March 31, 2024. "We had a record start to 2024, with dramatically improved financial metrics year over year including Q1 revenue growth of 28% compared to 20%, and adjusted EBITDA margin of 6% versus -12%," said Gleb Budman, CEO of Backblaze. "Additionally, we continued to deliver innovative products with the recent introduction of Event Notifications, a powerful service that enables customers to build automated workflows using open cloud providers." First Quarter 2024 Financial Highlights: Revenue of $30.0 m
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Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the Company's Board of Directors has adopted a stock ownership policy to further reinforce its commitment in aligning the interests of company leadership with stockholders. "I believe the best way to serve our shareholders is by ensuring that those leading the company are owners themselves," said Gleb Budman, Chairman of the Board and CEO. "To strengthen this alignment with our shareholders, Backblaze is putting in place this new policy for directors and executives to hold a material amount of company equity. This commitment ensures our leadership is in
Companies to demonstrate how cloud storage and multimodal AI unlock new monetization opportunities for media organizations Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced it will participate in a joint webinar with TwelveLabs titled "Unlock Your Media Archive: Faster Access and New Monetization Opportunities with Cloud Storage and AI." The August 14 webinar begins at 10:00 a.m. PT and will demonstrate how media organizations can transform their archived video content into searchable, monetizable assets by combining Backblaze B2 Cloud Storage with TwelveLabs' advanced multimodal AI video understandi
Join Jeronimo De Leon at Ai4 2025 to explore how strategic object storage choices today pave the way for scalable, efficient AI initiatives tomorrow. Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that Jeronimo De Leon, Senior Product Manager, AI will be presenting a session titled, "The AI Storage Pipeline Starts with Storage" at the Ai4 2025 conference, where Backblaze is a Gold-level sponsor. Behind every successful AI initiative is a robust, scalable data layer. This presentation explores how object storage supports every phase of the AI lifecycle—from data ingestion and labeling to model trai
Cash proceeds from option exercises and ESPP purchases will be used to fund this program, thus making it cash neutral Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that its Board of Directors authorized a share repurchase program to purchase up to $10 million of shares of its common stock through August 1, 2026. With the company on track to turn Adjusted Free Cash Flow positive in Q4 of 2025, using cash from employee exercised stock options and purchases under the Employee Stock Purchase Plan to buy back common stock in the market will help preserve the cash balance of the company, while reducing
29% Revenue Growth in B2 Cloud Storage, 16% Revenue Growth Overall in Q2 2025 Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, today announced results for its second quarter ended June 30, 2025. "We're pleased with our continued strong quarterly performance, with B2 revenue growth accelerating from 23% to 29% sequentially and solidifying our journey to be Adjusted Free Cash Flow positive in Q4," said Gleb Budman, CEO of Backblaze. "We drove innovation with a suite of new cyber security data offerings announced in Q2 and Q3, including AI-powered ‘Anomaly Alerts,' functionality designed to help customers detect pote
Session titled: Tracking 300,000+ Drives: What We've Learned After 13 Years Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that Pat Patterson, Chief Technical Evangelist, and Stephanie Doyle, Writer and Content Strategist, will be speaking at DefCon 33, presenting a talk called, "Tracking 300k+ Drives: What We've Learned After 13 Years." Backblaze manages over four exabytes of data stored on over 300,000 hard drives in data centers across the world. This session, the Backblaze Drive Stats Team will cover how we collect and share the Drive Stats dataset and reports, including how we recently improv
Backblaze is a Gold sponsor of the upcoming AI conference in Las Vegas. Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, continues their push to provide enterprises with better cloud storage infrastructure options for AI workflows by being a Gold-level sponsor at Ai4 2025 in Las Vegas August 11–13. Backblaze recently launched B2 Overdrive, a highly performant cloud storage solution that provides up to 1Tbps throughput speeds, allowing enterprises to perform large quantities of concurrent data operations without performance degradation. The Backblaze sponsorship includes a talk as part of the AI Infrastructure & Sca
New AI-powered Anomaly Alerts, enterprise web console, and role-based access controls underscore commitment to data security and simplified management. Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a suite of powerful new security features to help customers prevent, detect, and mitigate security risks related to their data. These product enhancements add to Backblaze's existing robust foundational security capabilities, including SOC 2 certified architecture and physical security, server-side encryption for data at rest, cross-origin resource sharing (CORS) support, and key platform features like
New feature exceeds business' needs around data retention for legal, regulatory, and HR obligations at no extra cost Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional backup providers, today introduced Legal Hold for Backblaze Computer Backup with Enterprise Control. The feature empowers businesses to preserve a user's entire backup, including every historical version captured, with a single click, ensuring rapid compliance with legal, regulatory, or HR data-retention requirements while maintaining the same predictable flat-rate pricing. "With Legal Hold, information stays secure and immediately accessible when the stakes are highe
Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a significant expansion of its data center presence in its US-East region. This strategic growth further strengthens Backblaze's commitment to the open cloud and enhances the high-speed data transfer capabilities available for B2 Overdrive customers, the Backblaze Cloud Storage platform, and members of the Internet2 community. With this expansion, Backblaze adds more capacity for complex workflows, especially those leveraging AI, high-performance compute (HPC), and media and entertainment. Enterprises leveraging these technologies have increasingly felt
Live Leadership Updates
SAN MATEO, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced that Dave Cotten and Teresa Dodson joined the company's sales leadership team. "Adding these seasoned, senior-level sales leaders reinforces our commitment to delivering open cloud solutions that allow our customers to do more with their data," said Jason Wakeam, Chief Revenue Officer at Backblaze. "Dave and Teresa bring sales experience and a strategic approach to deepen relationships and better serve our customers and partners." The news follows the recent appointment of Jason Wakeam as the compan
SAN MATEO, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced Marc Suidan is joining the company as Chief Financial Officer (CFO), effective August 16, 2024. "I am excited to welcome Marc as our Chief Financial Officer," said Gleb Budman, Backblaze CEO and Chairperson of the Board. "He has deep knowledge and experience strategically guiding companies through financial growth. His expertise and leadership will be a valuable asset as we empower customers to move to an open cloud and to do more with their data." Suidan brings to Backblaze more than 20 years of exp
SAN MATEO, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the appointment of Jason Wakeam as the company's first Chief Revenue Officer (CRO). An industry veteran with nearly three decades of global leadership experience, Wakeam brings a proven track record of driving growth and innovation at technology companies. Wakeam previously served as a vice president of global sales at SnapLogic. He has also held leadership roles in a range of public and private companies including Cloudera, Microsoft, and Hewlett-Packard. In his new role, Wakeam will spearhead the co
SAN MATEO, Calif., June 27, 2024 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional cloud providers, is set to join the broad-market Russell 3000® and small-cap Russell 2000® Indexes in connection with the Russell U.S. Indexes annual reconstitution, effective Monday, July 1, 2024. "Our inclusion in the Russell Indexes represents another milestone in the company's growth trajectory," said Gleb Budman, CEO of Backblaze. "We are committed to delivering innovative cloud storage for businesses around the world and increasing shareholder value in this $50 billion market." The Russell Indexes are widely used by investmen
SYDNEY, Australia, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Omniscient Neurotechnology, the brain mapping company creating new possibilities in brain health, today announced the appointment of Barbara Nelson and Surbhi Sarna to its board of directors. Both appointees are visionaries across the biotech, healthcare and technology industries and bring a unique perspective to the company's corporate strategy and growth. They, along with the existing board members, will strategically guide Omniscient as it develops products that unlock new insights into advanced brain care. "Omniscient is a global leader in connectomics, but we have much work ahead of us to scale to our full potential," said Chairma
SAN MATEO, Calif., July 21, 2022 (GLOBE NEWSWIRE) -- Backblaze, Inc. (NASDAQ:BLZE), today announced that Kevin Gavin has joined the company as chief marketing officer (CMO) to lead the company's marketing efforts. The addition of a seasoned CMO furthers the company's scaling of its growth initiatives following its recent IPO in November, 2021. Gavin brings extensive marketing and public company experience as CMO and expands Backblaze's in-house expertise to deepen the company's customer engagement and grow its brand awareness. "Kevin is a forward-thinking CMO with a proven track record of leading teams at high-growth companies," said Gleb Budman, Backblaze CEO and Chairperson of the Boar
8-K/A - Backblaze, Inc. (0001462056) (Filer)
10-Q - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
10-Q - Backblaze, Inc. (0001462056) (Filer)
8-K - Backblaze, Inc. (0001462056) (Filer)
10-K/A - Backblaze, Inc. (0001462056) (Filer)
DEFA14A - Backblaze, Inc. (0001462056) (Filer)
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