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 |
|---|---|---|---|
| 2/24/2026 | $4.50 | Buy → Hold | Craig Hallum |
| 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 |
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New tools enable centralized configuration, policy enforcement, and automated management across large-scale deployments Backblaze, Inc. (NASDAQ:BLZE), the cloud storage innovator delivering a modern alternative to traditional backup providers, today announced two new tools for Backblaze Computer Backup designed to give IT teams greater control, consistency, and automation across endpoint deployments: the Advanced Installer and the Backblaze Command Line Interface (bzcli). Backblaze Computer Backup has long been known for its simplicity. Install it, and it runs quietly in the background protecting data. While this works well for many organizations, IT teams managing large or distributed
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference: Citizens Technology Conference in San Francisco Monday, March 2, 2026 Marc Suidan, Chief Financial Officer 12:00 p.m. PT (3:00 p.m. ET) The presentation will be webcast. Links to the live and archived webcast will be available on the "Events & Presentations" section of the Backblaze investor relations website at ir.backblaze.com. About Backblaze Backblaze (NASDAQ:BLZE) gives businesses the freedom to innovate without limits by removing the barriers of lock-in, complexity, and cost. Our high-performance cloud object storage acc
Backblaze adds strategic AI and cybersecurity leader to drive innovation and operational excellence to continue scaling its platform for the AI era Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced the appointment of Rhett Dillingham as Senior Vice President of Product, strengthening the company's executive leadership team as its cloud storage platform and AI use cases continue to scale. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260224045978/en/Rhett Dillingham, Senior Vice President of Product at Backblaze Dillingham brings more than two decades of product manageme
24% Revenue Growth in B2 Cloud Storage, 12% Revenue Growth Overall in Q4 2025 Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced results for its fourth quarter ended December 31, 2025. "In Q4, we closed our first eight-figure TCV neocloud agreement," said Gleb Budman, co-founder and CEO of Backblaze. "This marks yet another neocloud win and, together with the launch of B2 Neo, our neocloud-specific storage offering, demonstrates the strength of our storage cloud platform and our continued progress moving upmarket. We drove diversified growth across AI, cyber resilience, and application storage use cases. At the same time, we achiev
High-performance, white label solution lets neoclouds offer cloud object storage in weeks; validated by company's largest TCV commitment to date Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced B2 Neo, a purpose-built offering for neocloud platforms. B2 Neo provides these platforms with enterprise-grade cloud object storage their customers require for data-heavy AI and machine learning workloads, allowing platforms to offer a full-stack experience without the massive capital costs or time and resource investment required to build a storage backend from scratch. B2 Neo launches based on nearly 20 years of cloud storage expertise a
New program delivers predictable cloud storage, meaningful credits, and hands-on human support for early-stage teams Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced the launch of Backblaze Flamethrower, a new startup program designed to help early-stage companies build, scale, and reach product-market fit without being slowed down by unpredictable infrastructure costs or complexity. Flamethrower is built specifically for founders and small teams working on data-heavy products such as AI and machine learning, media, gaming, and SaaS applications. Emphasizing real production infrastructure, practical support, and a founder-first a
Annual failure rate drops to 1.36% across 344,000+ drives; high-capacity models on the rise as first 26TB drives enter service Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today published its 2025 Year-End Drive Stats report. The report analyzes the performance of 344,196 hard drives across 30 models. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260212236512/en/Backblaze Drive Stats for Q4 2025 Snapshot. The infographic highlights the performance of 337,192 hard drives and shows an annualized failure rate of 1.13%. The 2025 yearly annualized failure rate (AFR) was 1.36%, down fro
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced its participation in DeveloperWeek 2026, where the company will highlight how modern storage architectures underpin scalable AI pipelines and data-intensive applications. DeveloperWeek 2026 takes place in San Jose, California from February 18–20, 2026 and is the world's largest independent software development and AI engineering conference and expo. As part of the conference program, Troy Liljedahl, Director of Solutions Engineering at Backblaze, will present a session focused on AI infrastructure. Session details: Title: The AI Pipeline Starts with Storage: Architecting Scala
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced that it was recognized as a Leader in G2's Winter 2026 Report, earning over 15 badges. In G2's Winter 2026 Report, Backblaze was recognized in the following categories: Object Storage Solution and Storage Management for Fastest Implementation Easiest To Use Best Support Best Relationship Leader and Momentum Leader Server Backup and Disaster Recovery for Best Estimated ROI Best Results Best Supports PC Backup and Online Backup for Easiest to Use Easiest to do Business With Most Likely to Recommend "Backblaze is laser-focused on solvin
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, will report financial results for its fourth quarter and full year ending December 31, 2025 on Monday, February 23, 2026 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 23, 2026 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/991328028 Register to listen by phone: https://registrations.events/direct/Q4I789404935 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relat
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4 - Backblaze, Inc. (0001462056) (Issuer)
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4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
4 - Backblaze, Inc. (0001462056) (Issuer)
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8-K - Backblaze, Inc. (0001462056) (Filer)
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Craig Hallum downgraded Backblaze from Buy to Hold and set a new price target of $4.50
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
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Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, will report financial results for its fourth quarter and full year ending December 31, 2025 on Monday, February 23, 2026 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 23, 2026 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/991328028 Register to listen by phone: https://registrations.events/direct/Q4I789404935 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relat
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, 2025 on Thursday, November 6, 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 November 6, 2025 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/752951504 Register to listen by phone: https://registrations.events/direct/Q4I9661622 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the
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
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Backblaze adds strategic AI and cybersecurity leader to drive innovation and operational excellence to continue scaling its platform for the AI era Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced the appointment of Rhett Dillingham as Senior Vice President of Product, strengthening the company's executive leadership team as its cloud storage platform and AI use cases continue to scale. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260224045978/en/Rhett Dillingham, Senior Vice President of Product at Backblaze Dillingham brings more than two decades of product manageme
AI and cloud infrastructure engineering leader strengthens innovation and operational excellence as Backblaze scales its storage cloud for the AI era Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced the appointment of Dan Spraggins as Senior Vice President of Engineering, further strengthening the company's executive leadership team as it continues to scale its global storage cloud. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260105935567/en/Dan Spraggins, Backblaze Senior Vice President of Engineering Spraggins brings more than two decades of experience leading larg
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
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