Backblaze, Inc. Class A (BLZE)

Backblaze's stock has experienced volatility over the past six months, with a significant decline of 30.62%. Key events impacting the stock include strong Q3 2025 financial results, Q4 2025 guidance projecting revenue between $37.3 million and $37.9 million, Q2 2025 financial results surpassing expectations, a $10 million share repurchase program, growth deceleration concerns, and analyst price target adjustments.

Backblaze's B2 Cloud growth has experienced some seasonality, with a dip observed in Q2 2023. The company's B2 Cloud Storage segment has seen strong demand driven by data center growth and AI-related tailwinds, with projections for continued growth in Q4 2025.

Backblaze, Inc. (BLZE) is a cloud storage platform providing cloud services for businesses and consumers to store, use, and protect data, operating in the Technology sector, specifically in the Software - Infrastructure industry. Its major products include Backblaze B2 Cloud Storage and Backblaze Computer Backup, addressing various use cases such as data storage, application development, content delivery, security, and backup.

Backblaze operates in the United States and internationally, maintaining six data centers globally: four in the United States, one in Canada, and one in Europe. Customers can choose to store their data in the US East, US West, EU Central, or CA East regions.

Backblaze has maintained a positive brand reputation over the past year, particularly in industry reports and for its transparency. Backblaze was recognized as a Leader in G2's Winter 2026 and 2025 Reports, earning over 15 badges. Since 2013, Backblaze has been known for publishing quarterly reliability statistics for its data center hard drives. Backblaze announced a strategic integration with Shareio and partnered with Twelve Labs.

Backblaze, Inc. has a diverse ownership structure, with institutional investors holding a significant stake. Approximately 47.7% of the company's shares are held by institutions, 5.31% by hedge funds, 3.9% by individual insiders, and 43.1% by the general public. Major institutional owners include BlackRock, Inc. and Vanguard Group Inc. The CEO, Gleb Budman, is also an individual owner, holding 3.1% of the company's shares.