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 |
|---|---|---|---|
| 3/23/2026 | Outperform → Underperform | William Blair | |
| 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 |
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10-Q - Backblaze, Inc. (0001462056) (Filer)
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Backblaze, Inc. (NASDAQ:BLZE) today announced that on May 28, 2026, it granted an equity inducement award to Anuj Kumar, the Company's Chief Revenue Officer, as a material inducement to Mr. Kumar's employment with the Company. Mr. Kumar brings over two decades of experience scaling cloud revenue organizations at enterprise infrastructure companies, notably driving NetApp's worldwide cloud business during a period of significant growth. He joins Backblaze as the company advances its go-to-market transformation, while AI adoption drives a new phase of infrastructure demand. The inducement award consists of 316,630 restricted stock units ("RSUs") and 105,540 performance-based stock units (
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference: BofA Securities 2026 Global Technology Conference, San Francisco, CA. Gleb Budman, CEO and Co-Founder of Backblaze, will participate in a fireside chat on Wednesday, June 3, 2026, at 2:00 p.m. PT. The fireside chat will be webcast live. Links to the live and archived webcast will be available on Backblaze's investor relations website at ir.backblaze.com. 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 st
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference: William Blair's 46th Annual Growth Stock Conference, Chicago, IL. Marc Suidan, CFO of Backblaze, will participate in one-on-one meetings on Tuesday, June 2, 2026. 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 accelerates AI workflows, powers data-heavy applications, streamlines media management, and protects critical data. As an award-winning independent cloud, we provide unparalleled levels of i
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, will exhibit and present at AI & Big Data Expo North America 2026 on May 18-19, 2026 at the San Jose McEnery Convention Center (Booth #434), showcasing how scalable data infrastructure keeps AI pipelines running at full speed. Recognized as one of the leading U.S. events for enterprise AI and big data, the Expo brings together Fortune 500 leaders, AI innovators, and global technology partners who are moving AI from pilot projects to operational reality. Product Showcase: B2 Neo During the show, Backblaze will highlight B2 Neo, its high-performance S3-compatible object storage offering, built to
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference: 21st Annual Needham Technology, Media & Consumer Conference, New York, NY. Marc Suidan, CFO of Backblaze, will participate in a fireside chat on Tuesday, May 12, 2026, at 10:15 a.m. ET The fireside chat will be webcast live. Links to the live and archived webcast will be available on Backblaze's investor relations website at ir.backblaze.com. 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 accele
24% Revenue Growth in B2 Cloud Storage, 12% Revenue Growth Overall in Q1 2026 Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced results for its first quarter ended March 31, 2026. "In Q1, we exceeded the top end of our revenue and Adjusted EBITDA guidance, with B2 growing 24% year over year," said Gleb Budman, co-founder and CEO of Backblaze. "We are seeing growing traction with AI customers, including winning a AI training data company and a generative AI video creation company, jointly contributing about $1.5 million in annual contract value, along with a 76% growth in AI customers year over year. As AI models shift from text to
Report also reveals a rising network baseline and high-intensity AI burst patterns pointing to sustained infrastructure demand Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today released its Q1 2026 Network Stats report. The second installment in its quarterly series, this report adds more granular geographic heatmaps, offering a rare view into where AI traffic is concentrating. The Q1 2026 data shows that United States neocloud activity is heavily concentrated in the California and Ashburn-Reston corridor in Virginia. Global hotspots are also emerging in Finland, Brazil, France, and Canada. At the same time, Backblaze observed a dip in ne
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, will report financial results for its first quarter ending March 31, 2026 on Monday, May 4, 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 May 4, 2026 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/290886121 Register to listen by phone: https://registrations.events/direct/Q4I1757373 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relations page of the Backblaze websi
Recognition highlights Backblaze's resilient, high-performance cloud storage platform helping partners deliver on the needs of AI-scale and data-intensive workloads for mission-critical applications Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, announced that CRN®, a brand of The Channel Company, has included Backblaze on its prestigious annual Storage 100 list in the Data Recovery/Observability/Resiliency category. The CRN Storage 100 spotlights storage vendors advancing innovation, delivering cutting-edge technology and supporting high-impact strategic partnerships. Selected by the CRN editorial team, each company on the list was chosen for
Company strengthens go-to-market leadership as AI workloads drive new storage demand Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced the appointment of Anuj Kumar as Chief Revenue Officer. Kumar brings more than two decades of experience scaling cloud revenue organizations at enterprise infrastructure companies — most notably driving NetApp's worldwide cloud business during a period of significant growth. He joins Backblaze as Backblaze advances its go-to-market transformation and AI adoption drives a new phase of infrastructure demand. The appointment follows a period of accelerated momentum for Backblaze's B2 Cloud Storage bus
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William Blair downgraded Backblaze from Outperform to Underperform
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
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24% Revenue Growth in B2 Cloud Storage, 12% Revenue Growth Overall in Q1 2026 Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced results for its first quarter ended March 31, 2026. "In Q1, we exceeded the top end of our revenue and Adjusted EBITDA guidance, with B2 growing 24% year over year," said Gleb Budman, co-founder and CEO of Backblaze. "We are seeing growing traction with AI customers, including winning a AI training data company and a generative AI video creation company, jointly contributing about $1.5 million in annual contract value, along with a 76% growth in AI customers year over year. As AI models shift from text to
Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, will report financial results for its first quarter ending March 31, 2026 on Monday, May 4, 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 May 4, 2026 to discuss the results. Attend the webcast: https://events.q4inc.com/attendee/290886121 Register to listen by phone: https://registrations.events/direct/Q4I1757373 Phone registrants will receive dial-in information via email. An archive of the webcast will be available shortly after its completion on the Investor Relations page of the Backblaze websi
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
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Company strengthens go-to-market leadership as AI workloads drive new storage demand Backblaze, Inc. (NASDAQ:BLZE), the high-performance cloud storage platform for the AI era, today announced the appointment of Anuj Kumar as Chief Revenue Officer. Kumar brings more than two decades of experience scaling cloud revenue organizations at enterprise infrastructure companies — most notably driving NetApp's worldwide cloud business during a period of significant growth. He joins Backblaze as Backblaze advances its go-to-market transformation and AI adoption drives a new phase of infrastructure demand. The appointment follows a period of accelerated momentum for Backblaze's B2 Cloud Storage bus
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