BACKBLAZE INC CLASS A (BLZE)
Information Technology · Cloud Storage and Backup Services · NASDAQ
Backblaze provides a high-performance, price-optimized cloud storage and backup platform that serves as a foundational backbone for AI and modern data-intensive cloud workloads.
What BACKBLAZE INC CLASS A does
Backblaze is a cloud storage platform providing Infrastructure-as-a-Service (IaaS) and Computer Backup Software-as-a-Service (SaaS) solutions. Its storage cloud is designed for data-intensive workloads, including AI, cyber-resilience, and media workflows, serving both individual users and enterprises, including white-label storage for neocloud platforms.
Themes: AI infrastructure, cloud storage, data backup / cyber-resilience, white-label cloud services, neoclouds
Fundamentals
- Price$15.80 as of 2026-08-21 close
- Market cap$978M as of 2026-08-21
- 1-year return+104.4% 2025-08-21 close $7.73 → 2026-08-21 close $15.80
- P/En/a negative earnings
- Net margin-13.1% as of 2026-08-24
- Gross margin+62.2% as of 2026-08-24
- ROE-24.1% as of 2026-08-24
- Debt / equity0.53 as of 2026-08-24
- Revenue growth (YoY)+13.8% as of 2026-08-24
- Revenue CAGR (3y)+19.6% SEC XBRL
- Beta1.58 as of 2026-08-24
- Last reported earnings2026-08-03 SEC EDGAR Form 8-K (Item 2.02)
How BLZE compares in its sector
- net profit marginbottom 25% 405 covered Information Technology peers, as of 2026-08-24
- operating marginbottom 25% 405 covered Information Technology peers, as of 2026-08-24
- gross marginmiddle range 403 covered Information Technology peers, as of 2026-08-24
- return on equitybottom 25% 405 covered Information Technology peers, as of 2026-08-24
- 3-year revenue CAGRtop 25% 386 covered Information Technology peers
- free cash flow (absolute dollars, latest fiscal year)middle range 382 covered Information Technology peers, as of FY2025
Position among covered Information Technology companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How BACKBLAZE INC CLASS A looks technically
BACKBLAZE INC CLASS A (BLZE) is trading 112.3% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 45 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 33, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 3 trading days ago (its momentum flipped negative). It made a new 20-day high about 7 trading days ago. It is 34.1% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 112.3% above its 200-day average, the long-term trend line — a longer-term uptrend | +112.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $14.61 | $14.61 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $7.44 | $7.44 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 17 calendar days ago — the swings before that are what the structure reading is measured on | 17 sessions |
| Wave structure | its recent swings can be read as a completed five-part upward sequence — the pattern Elliott-wave chartists call an impulse — which on that reading would now be due a pullback rather than more of the same; the labelling fails if price closes above 23.99. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible five-wave upward sequence, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 45 trading days ago — a "golden cross", a bullish long-term signal | 45 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 33, with buyers in control | 32.5 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30) | 47.2 |
|---|---|---|
| Position in its 14-day range | it is trading right at the bottom of its 14-day range ($15.52 to $23.99) — its "stochastic" reading is 3 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 3.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 3 trading days ago (its momentum flipped negative) | 3 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $23.99 | $23.99 |
|---|---|---|
| From the 52-week high | it is 34.1% below its 52-week high (its highest price of the past year) | -34.1% |
| Above the 52-week low | it is 384.6% above its 52-week low (its lowest price of the past year) | +384.6% |
| Below the 52-week high | it is 34.1% below its highest point of the past year | 34.1% |
| Since a 20-day breakout | it made a new 20-day high about 7 trading days ago | 7 sessions |
| Since a 55-day breakout | it made a new 55-day high about 7 trading days ago | 7 sessions |
| All-time high | its highest closing price on record is $36.50 (set on 2021-11-17) | $36.50 |
| Given back of the 52-week move | over the past year its closes ranged ($3.31 to $20.43), and it has given back roughly a quarter of its rise from last year’s low — 27% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $9.30 to $9.85. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 27.0% |
| From the all-time high | it is 56.7% below its all-time high | -56.7% |
| Nearest price level | it is trading 31.1% above a support level at $10.89 — a price it turned at three times since 2025-09-22, most recently on 2026-07-28. Since 2024-08-21 it has 14 such levels below the current price and 0 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -31.1% |
| All-time low | its lowest closing price on record is $3.26 (set on 2026-03-30) | $3.26 |
| Above the all-time low | it is 384.6% above its all-time low | +384.6% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 66th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.65 between its high and its low — about 10.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.65 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $11.10 and $22.63 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $11.10 – $16.87 – $22.63 |
| Typical daily range (% of price) | its price moves about 10.4% in a typical session — among the most volatile in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 10.4% |
| Stretch from the 200-day average | it is trading 5.1 daily ranges above its 200-day average price (112.3% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.1 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.84× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 0.2% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | -0.2% |
|---|---|---|
| Open gap | it gapped 12.8% below the previous close 2 sessions ago and has not traded back through the level it left behind at 19.2 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -12.8% |
| Gap filled | a 2.4% gap down opened on 2026-08-17 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 4 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 4 sessions in a row, a -18.51% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 4 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 14.9 percentage points (the stock gained 17.2% while the market gained 2.3%) | +14.9% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 111.3 percentage points (the stock gained 114.4% while the market gained 3.1%) | +111.3% |
| vs market, 6 months | over the past 6 months this stock beat the market by 248.0 percentage points (the stock gained 259.1% while the market gained 11.1%) | +248.0% |
| vs market, 12 months | over the past 12 months this stock beat the market by 83.9 percentage points (the stock gained 104.4% while the market gained 20.5%) | +83.9% |
Signal agreement
2
| Bullish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, near the bottom of its 14-day range (oversold), trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: MACD momentum is negative — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 9.8% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thick, spanning 20.3% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | +9.8% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 41% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $11.20 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +41.0% |
|---|---|---|
| Vs the average paid since it last reported | the price is 13% below the average price paid since it last reported on 2026-08-03 (its 10-Q), so the typical buyer over that stretch is under water. That average is $18.16 — a volume-weighted average of daily closes over 15 sessions, not a true tick-by-tick VWAP. | -13.0% |
Price levels it has turned at before
BLZE last closed at $15.80 on 2026-08-21. Since 2024-08-21 it has turned at 14 prices below its last close and 0 above; the 3 nearest below are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $10.89 | Support | 31.1% below the last close | turned there three times · 2025-09-22 to 2026-07-28 |
| $9.04 | Support | 42.8% below the last close | turned there twice · 2025-09-30 to 2025-10-21 |
| $7.87 | Support | 50.2% below the last close | turned there twice · 2025-02-18 to 2025-09-02 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $23.99.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Pulled back from the 12-month high · MACD just crossed bearish (12/26/9) · in a strong, established uptrend (ADX) · beating the market · Left an unfilled gap (5%+ in the last week) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.57 mean, 1=Strong Buy…5=Strong Sell) — 6 analysts
- Mean price target$22.83 range $21.00 – $25.00; median $23.00
Analyst estimates, as of 2026-08-18. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for BLZE
- Consensus EPS estimate$0.05286 next reporting period, as of 2026-08-18
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Intense competition from hyperscalers with significantly larger resources","Dependency on continued demand for cloud storage and AI-related data workloads","Risks associated with scaling operations and moving up-market to larger enterprise customers"]
What changed in the latest 10-Q
AI-assisted comparison of BLZE's 10-Q filed 2026-05-04 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Reference to Annual Report on Form 10-K for year ended December 31, 2025 (newer filing references 2025; older references 2024)
- Description of company as 'high-performance cloud storage platform for data-intensive use cases in the artificial intelligence (AI) era and across a broad range of modern cloud workloads' (newer filing)
- Mention of 'purpose-built, web-scale software infrastructure, which is essential to the global data center and compute infrastructure buildout' (newer filing)
- Reference to B2 Overdrive as 'high-performance IaaS offering' with 'up to 1Tbps throughput, unlimited free egress, and private networking support' (newer filing)
- Introduction of 'Powered by Backblaze white label IaaS offering' (newer filing)
- Description of B2 Neo as 'white-label, enterprise-grade cloud object storage solution purpose-built for and with neocloud platforms' (newer filing)
- Description of Backblaze Flamethrower startup program offering 'up to $100,000 in storage credits' (newer filing)
- Detailed '2025 Restructuring and Transformation Plan' section with specific charge amounts: $4.7 million incurred to date, $2.2 million for Q1 2026, and expected $2.1 million to $4.3 million additional charges through Q1 2027 (newer filing)
- Reference to 'multi-faceted go-to-market transformation' initiated in second half of 2025 (newer filing section heading)
- Customer count specified as 'over 500,000 customers as of March 31, 2026' (newer filing)
- Reference to 'leading neocloud platforms' as customer acquisition target (newer filing)
- Removed:
- Description of company as 'leading specialized storage cloud platform' (older filing)
- Reference to 'easy-to-use, cost-effective, performant cloud storage solution' (older filing)
- Mention of B2 Overdrive launch details from older filing (replaced with more detailed description in newer filing)
- Description of enterprise cyber security features including 'AI-powered anomaly alerts, mandatory multifactor authentication, bucket access logging, and Enterprise Web Console' (older filing)
- Reference to 'go-to-market transformation' initiated 'starting in the second half of 2024' (older filing)
- Mention of 'signing of multiple deals with total contract values over $1.0 million each and revenue growth for B2 Cloud Storage of 28%' (older filing)
- '2025 Restructuring Plan' with expected total charges of $4.4 million to $6.0 million and impairment of $0.9 million to $1.2 million (older filing)
- Separate sections: 'Scale Sales Efforts', 'Enhance Marketing and Demand Generation', and 'Expansion Within Existing Customers' under Factors Affecting Our Performance (older filing)
- Reworded:
- 'Special Note Regarding Forward-Looking Statements' (newer) vs. 'Special Note About Forward-Looking Statements' (older)
- 'Backblaze Storage Cloud' consistently used in newer filing vs. 'Storage Cloud' in older filing for some references
- 'integrates with a broad range of partners' (newer) vs. 'integrates smoothly with a broad range of partners' (older)
- Expansion language changed from 'As we move up-market' (older) to 'As we continue expanding and accelerating our movement up-market' (newer)
- Customer focus changed from 'larger customers' (older) to 'larger customers, including leading neocloud platforms' (newer)
- Notes:
- Older filing text appears truncated at end of MD&A section ('We are focuse'), limiting complete comparison of later sections
- Comparison shows Q1 2026 data in newer filing vs. Q3 2025 data in older filing, reflecting different reporting periods
- The '2025 Restructuring and Transformation Plan' and '2025 Restructuring Plan' appear to be the same initiative described with different terminology and updated financial estimates
Risk Factors
- Added:
- Newer filing notes that 'Significant new and materially modified risk factors are indicated with asterisks in the "Risk Factors" section following this summary' (filed 2026-05-04)
- Newer filing specifies net losses of '$6.1 million and $9.3 million for the three months ended March 31, 2026 and 2025' (filed 2026-05-04)
- Newer filing states 'After more than 18 years of operations' (filed 2026-05-04)
- Newer filing reports accumulated deficit of '$227.7 million as of March 31, 2026' (filed 2026-05-04)
- Newer filing mentions 'price increases which took effect in the fourth quarter of 2023 and the second quarter of 2026' (filed 2026-05-04)
- Removed:
- Older filing specified net losses of '$20.2 million and $34.2 million for the nine months ended September 30, 2025 and 2024' (filed 2025-11-06)
- Older filing stated 'Following our 17 plus years of operations' (filed 2025-11-06)
- Older filing reported accumulated deficit of '$216.2 million as of September 30, 2025' (filed 2025-11-06)
- Older filing mentioned only 'price increases which took effect in the fourth quarter of 2023' without reference to second quarter 2026 (filed 2025-11-06)
- Reworded:
- Risk Factors Summary section removed note about asterisks marking significant new and materially modified risk factors in older filing; newer filing adds this note (comparison between filed 2026-05-04 and filed 2025-11-06)
- Page number changed from 44 to 41 in newer filing (filed 2026-05-04 vs 2025-11-06)
- Notes:
- Newer and older filings compare different reporting periods (three months ended March 31, 2026 vs nine months ended September 30, 2025), making some numerical changes period-dependent rather than substantive business changes
- Text is truncated at the end of both filings, limiting ability to assess completeness of comparison for the full Risk Factors section
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for BLZE — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding BLZE as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 6,345,254
- Reported value $21,891,129
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 3 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
BLZE had 2,694,870 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
BLZE had 4.35% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 1.42 days to cover at the same settlement.
- Reported short interest (shares) 2,694,870
- Short interest (% of shares outstanding) 4.35%
- Prior settlement (shares) 2,619,020
- Reported change 2.9%
- Days to cover (reported) 1.42
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Amazon Web Services (AMZN)
- Microsoft Azure (MSFT)
- Google Cloud Platform (GOOGL)
- Wasabi Technologies
- Dropbox (DBX)
- Box (BOX)
- Carbonite (OpenText)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does BACKBLAZE INC CLASS A (BLZE) do?
Backblaze is a cloud storage platform providing Infrastructure-as-a-Service (IaaS) and Computer Backup Software-as-a-Service (SaaS) solutions. Its storage cloud is designed for data-intensive workloads, including AI, cyber-resilience, and media workflows, serving both individual users and enterprises, including white-label storage for neocloud platforms.
What sector is BACKBLAZE INC CLASS A (BLZE) in?
BACKBLAZE INC CLASS A (BLZE) is classified in the Information Technology sector. Its industry is Cloud Storage and Backup Services. It trades on NASDAQ.
Who are BACKBLAZE INC CLASS A's (BLZE) competitors?
Notable peers of BACKBLAZE INC CLASS A (BLZE) include Amazon Web Services, Microsoft Azure, Google Cloud Platform, Wasabi Technologies and Dropbox. This peer set is informational only — not financial advice.
Is BACKBLAZE INC CLASS A (BLZE) overbought or oversold right now?
BACKBLAZE INC CLASS A (BLZE) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 47, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BLZE come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.