Backblaze
Stores business data and backs up computers through Backblaze Storage Cloud.
Something off on this page? Send us feedback.
Profile
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
Categories
Key statistics
Year to date +202% · Average volume (30d) 3.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Lake Street | Reiterate | Buy | $14 | $21 | |
| Aug 4, 2026 | Needham | Reiterate | Buy | $14 | $23 | |
| Jun 24, 2026 | Lake Street | Reiterate | Buy | $11 | $14 | |
| Jun 24, 2026 | Needham | Reiterate | Buy | $8.50 | $14 | |
| Jun 23, 2026 | William Blair | Upgrade | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $0.02 | $0.08 | +366.7% | $39.9M | $42.7M | +7.0% | +26.94% |
| May 4, 2026Q1 FY26 | $0.02 | $0.04 | +140.0% | $37.8M | $38.7M | +2.3% | +63.58% |
| Feb 23, 2026Q4 FY25 | $0.01 | $0.06 | +500.0% | $37.6M | $37.8M | +0.4% | −13.96% |
| Nov 6, 2025Q3 FY25 | −$0.01 | $0.03 | +400.0% | $37.5M | $37.2M | −1.0% | −6.15% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $34.6M | $36.3M | $37.2M | $37.8M | $38.7M | $42.7M | |
| Gross profit | $19.3M | $23.0M | $23.1M | $23.4M | $23.5M | $26.8M | |
| Operating income | −$8.8M | −$6.7M | −$3.3M | −$4.7M | −$5.4M | −$4.2M | |
| Net income | −$9.3M | −$7.1M | −$3.8M | −$5.4M | −$6.1M | −$5.1M | |
| Diluted EPS | −$0.17 | −$0.13 | −$0.07 | −$0.09 | −$0.10 | −$0.08 | |
| Gross margin | 55.6% | 63.5% | 62.1% | 62.0% | 60.9% | 62.8% | |
| Operating margin | -25.3% | -18.5% | -8.9% | -12.4% | -13.8% | -9.8% |
Fiscal years (4-quarter sums)FY21 $67.5M · FY22 $85.2M · FY23 $102.0M · FY24 $127.6M · FY25 $145.8M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $49.9M · Total debt $82.4M · Total assets $223.8M · Shareholders' equity $88.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 60.01M · Float 58.43M · 97.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.68M | 6.14% | 13F | May 13, 2026 |
| Vanguard Capital Management LLC | 2.34M | 3.91% | 13F | May 15, 2026 |
| Gleb Budman · director, officer: CEO and Chairperson | 2.19M | 3.65% | Form 4 | Aug 24, 2026 |
| Pillsbury Lake Capital LLC | 1.96M | 3.27% | 13F | May 14, 2026 |
| Acadian Asset Management LLC | 1.64M | 2.73% | 13F | May 13, 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 |
Peers
- 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
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Backblaze | $14.35 | +0.14% | $860.0M | — | 94.5 | 5.5 | — |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Dell Technologies | $456.09 | +0.00% | $302.80B | 36.2 | 23.7 | 2.3 | +87.5% |
| NetApp | $186.61 | −0.17% | $36.70B | 29.4 | 20.8 | 5.3 | +12.5% |
| Cloudflare | $301.61 | +0.66% | $106.39B | — | 203.4 | 42.3 | +35.9% |
| Median | 28.6 | 26.0 | 7.4 | +21.9% |