NASDAQ:BLZE
Backblaze (BLZE)
Financials 
Technical Analysis 
Jul 24, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Backblaze (BLZE-Q) has demonstrated a mixed performance in the latest quarter, achieving a 12% revenue growth and a remarkable 25% growth in its cloud storage division, which now constitutes 57% of total revenues. Despite these gains, the computer backup division has remained stagnant, and the company continues to face losses, although the latest net loss was slightly less than anticipated. Free cash flow remains negative, yet management is optimistic about turning this positive throughout the year. Notably, earnings driven by AI have surged by 76% year over year, showcasing Backblaze's potential in a competitive landscape dominated by tech giants like Microsoft and Google. However, challenges, including rising costs and fierce competition, temper the upsides and indicate that while a solid business is present, it lacks the explosive growth seen in other AI-focused companies.
- «
- ‹
- 1
- ›
- »
Popular Articles
Backblaze (BLZE) Frequently Asked Questions
What is Backblaze stock symbol?
Backblaze is a American stock, trading under the symbol BLZE (previously BLZE-Q on Stockchase) on the NASDAQ (BLZE). It is usually referred to as NASDAQ:BLZE or BLZE
Is Backblaze a buy or a sell?
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on BLZE (previously BLZE-Q on Stockchase). 0 analysts recommended to BUY and 1 analyst recommended to SELL the stock. The latest stock analyst rating is DON'T BUY. Read the latest stock experts' ratings for Backblaze.
Is Backblaze a good investment or a top pick?
Backblaze was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Backblaze.
Why is Backblaze stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Backblaze.
Is Backblaze worth watching?
Backblaze is covered by Stockchase experts and is worth watching.
What is Backblaze stock price?
On 2026-07-23, Backblaze (BLZE) stock closed at a price of $12.76.
Last quarter: 12% revenue growth, 25% cloud storage division, but flat was the computer backup division. Cloud storage is now 57% of all revenues and growing. It's still losing money, but the net loss in Q1 was slightly less than expected and free cash flow was negative, but management expects it to be positive for the year. They're winning lots of new business. Their full-year forecast is strong, because they can raise prices. In Q1, earnings in AI saw 76% growth year over year. Fantastic. Caveats: They face serious competition from Microsoft, Google and others in cloud. Also, their costs are going up by 30%, like hard drives. Also, the market is selling anything AI to buy SpaceX and AI IPOs to come. Their valuation is neither cheap or expensive. Bottom line: it lacks the explosive growth of the AI names, though it's a solid company.