Backblaze (BLZE)
Stores business data and backs up computers through Backblaze Storage Cloud.
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Sells B2 Cloud Storage for S3-compatible object storage and Computer Backup for Mac and PC devices. Revenue is recurring across one reportable segment, with B2 the larger service line and customers spread across many countries.
Provides the Backblaze Storage Cloud, built around B2 Cloud Storage for always-hot S3-compatible object storage and Computer Backup for Mac and PC endpoint protection. Product access spans APIs, ISVs, command-line tools and a web interface, while backup subscriptions include native desktop software, encryption and two-factor verification.
Serves individuals, developers, managed service providers, small businesses, large enterprises, media teams, AI users, academic groups and public-sector organizations across many countries. The platform manages data across multiple data centers and hundreds of thousands of hard drives, while the company reports one operating segment.
Competes with hyperscale clouds and enterprise storage vendors that have broader offerings and larger budgets. Substantially all revenue is recurring, B2 is the larger service line, and growth depends on customers storing and protecting more data over time.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | Lake Street | Reiterate | Rating: —Target: $14 | Target: $21 |
| Aug 4, 2026 | Needham | Reiterate | Rating: —Target: $14 | Target: $23 |
| Jun 24, 2026 | Lake Street | Reiterate | Rating: —Target: $11 | Target: $14 |
| Jun 24, 2026 | Needham | Reiterate | Rating: —Target: $8.50 | Target: $14 |
| Jun 23, 2026 | William Blair | Upgrade | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $49.9M · Total debt $82.4M · Total assets $223.8M · Shareholders' equity $88.5M
- Revenue
- $42.7M
- Operating income
- −$4.2M
- Net income
- −$5.1M
No dividends on record.
| Institutions | ≈ 58.82% | 35.29M shares | |
|---|---|---|---|
| 181 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.88% | 3.53M shares | |
| 9 holders · as of Aug 24, 2026 | |||
| Other | ≈ 35.30% | 21.18M shares | |
| remainder | |||
60.00M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.87% | 4.72M | as of Jun 30, 2026 |
Driehaus Capital Management LLCInstitution | 4.48% | 2.69M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.19% | 2.51M | as of Jun 30, 2026 |
Gleb BudmanInsiderdirector, officer: CEO and Chairperson | 3.65% | 2.19M | filed Aug 24, 2026 |
Acadian Asset Management LLCInstitution | 2.98% | 1.79M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Marc Suidan | officer: Chief Financial Officer | −2,110 | $15.82 |
| Aug 21, 2026 | Gleb Budman | director, officer: CEO and Chairperson | −12,855 | $15.82 |
- Amazon
Dominant S3 object-storage benchmark and hyperscale alternative
- Alphabet Class A
Hyperscale object storage for analytics, AI, and archive workloads
- Microsoft
Azure object storage overlaps in cloud-native, archive, and AI workloads
- Dell Technologies
Enterprise on-prem object storage and AI data-platform rival
- NetApp
Hybrid-cloud object storage and enterprise data infrastructure rival
- Cloudflare
Public S3-compatible challenger with egress-free positioning
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Backblaze | $13.92 | +2.39% | $816.2M | — | 125.0 | 5.2 | +17.7% |
| Amazon | $255.47 | −1.15% | $2.78T | 20.8 | 27.4 | 3.6 | +19.6% |
| Alphabet Class A | $358.54 | +1.01% | $4.30T | 17.8 | 26.7 | 9.6 | +24.2% |
| Microsoft | $494.99 | −1.32% | $3.72T | 27.9 | 25.2 | 11.2 | +17.8% |
| Dell Technologies | $559.28 | −2.79% | $382.08B | 33.4 | 19.8 | 2.5 | +57.8% |
| NetApp | $194.32 | −1.93% | $38.88B | 27.9 | 20.4 | 5.3 | +30.1% |
| Cloudflare | $351.08 | −0.17% | $124.85B | — | 236.6 | 49.7 | +35.9% |
| Median | 27.9 | 26.0 | 7.4 | +27.1% |