BLZE Stock - Backblaze, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $127.63M | $102.02M | $85.16M | $67.48M | $53.78M |
| Gross Profit | $69.34M | $49.86M | $43.86M | $34.34M | $27.98M |
| Gross Margin | 54.3% | 48.9% | 51.5% | 50.9% | 52.0% |
| Operating Income | $-46,289,000 | $-57,905,000 | $-48,113,000 | $-18,794,000 | $-3,732,000 |
| Net Income | $-48,531,000 | $-59,713,000 | $-51,398,000 | $-21,704,000 | $-6,623,000 |
| Net Margin | -38.0% | -58.5% | -60.4% | -32.2% | -12.3% |
| EPS | $-1.11 | $-1.66 | $-1.63 | $-0.71 | $-0.22 |
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. 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, such as 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 a subscription-based Software-as-a-Service and serves use cases, including 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| June 24th 2025 | Citizens JMP | Initiation | Mkt Outperform | $7 |
| March 11th 2025 | Needham | Initiation | Buy | $8 |
Earnings History & Surprises
BLZEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | $0.01 | — | — | — |
Q4 2025 | Nov 6, 2025 | $-0.01 | $0.03 | +400.0% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $-0.06 | $-0.03 | +50.0% | ✓ BEAT |
Q1 2025 | Feb 25, 2025 | $-0.08 | $-0.06 | +25.0% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $-0.11 | $-0.10 | +9.1% | ✓ BEAT |
Q3 2024 | Aug 8, 2024 | $-0.12 | $-0.11 | +8.3% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $-0.15 | $-0.14 | +6.7% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $-0.19 | $-0.15 | +21.1% | ✓ BEAT |
Q4 2023 | Nov 8, 2023 | $-0.22 | $-0.21 | +4.5% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $-0.26 | $-0.24 | +7.7% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $-0.29 | $-0.26 | +10.3% | ✓ BEAT |
Q1 2023 | Feb 15, 2023 | $-0.28 | $-0.27 | +3.6% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $-0.26 | $-0.25 | +3.8% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $-0.30 | $-0.23 | +23.3% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $-0.37 | $-0.41 | -10.8% | ✗ MISS |
Q1 2022 | Feb 17, 2022 | $-0.33 | $-0.38 | -15.2% | ✗ MISS |
Q4 2021 | Dec 13, 2021 | $-0.18 | $-0.30 | -66.7% | ✗ MISS |
Q4 2021 | Nov 12, 2021 | — | $-0.11 | — | — |
Q1 2021 | Mar 31, 2021 | — | $-0.17 | — | — |
Latest News
Blaize Sees Prelim. Revenue $11.9M For Q3
➖ NeutralBlaize Announces $30M Private Placement Led By Polar Asset Management Partners
📈 PositiveNeedham Maintains Buy on Backblaze, Lowers Price Target to $8
➖ NeutralBackblaze shares are trading lower after the company reported Q3 financial results and issued Q4 sales guidance below estimates. Also, the company narrowed its FY25 sales guidance below estimates.
📉 NegativeBackblaze Narrows FY2025 Sales Guidance from $145.000M-$147.000M to $145.400M-$146.000M vs $146.126M Est
➖ NeutralBackblaze Sees Q4 Sales $37.300M-$37.900M vs $38.279M Est
📉 NegativeBackblaze Q3 Adj. EPS $0.03 Beats $(0.12) Estimate, Sales $37.200M Beat $36.931M Estimate
📈 PositiveBackblaze Silver Sponsor Of KubeCon + CloudNativeCon North America In Atlanta (Nov 10–13), Showcasing High-Throughput Cloud-Agnostic Object Storage And B2 Overdrive For AI, With CEO Gleb Budman On SiliconAngle's TheCUBE
📈 PositiveOppenheimer Maintains Outperform on Backblaze, Raises Price Target to $11
📈 PositiveWatching Backblaze; Shares Spike Higher, Hearing Zacks Under $10 Newsletter Mentions Stock As A Buy
📈 PositiveFrequently Asked Questions about BLZE
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