Backblaze, Inc. Class A (BLZE)

In the past six months, Backblaze's stock has experienced movements and related company announcements. As of April 8, 2026, the share price was $3.61, a 23.84% decline over the past year. In February 2026, the company's stock experienced a 14% pullback, contributing to a one-year loss of 31% for shareholders. Backblaze reported an impairment of long-lived assets in November 2025 and announced a strategic integration with Shareio. The company reported double-digit revenue growth, margin expansion, and a record Neocloud contract in Q4 2025, with a 13% year-over-year growth in annual recurring revenue (ARR) to $154.4 million. Backblaze launched B2 Neo, partnered with StorageReview, and had its Storage Pod added to the Computer History Museum. The company published Q1 2026 Performance Stats and announced partnerships to showcase joint solutions at the 2026 NAB Show.

Detailed information regarding the demand seasonality for Backblaze, Inc.'s products and services is not explicitly available. Access to specific seasonal patterns is typically behind a paywall.

Backblaze, Inc. is an American cloud storage and data backup company based in San Mateo, California, operating in the Technology sector, specifically in the Software - Infrastructure, Online backup service, and Cloud storage industries. It provides a specialized storage cloud platform with two core services: Backblaze Computer Backup, a subscription-based SaaS for automatic data backup from laptops and desktops, and Backblaze B2 Cloud Storage, a consumption-based IaaS solution for data storage, application development, and partner use cases. The company differentiates itself through transparent pricing and a low-cost hardware infrastructure model, competing with hyperscalers.

Backblaze is a remote-first, distributed company serving over 500,000 customers in 175 countries. The company operates six data centers: four in the United States, one in Canada, and one in Europe. Customers choose a region for their data storage, and all data is stored within that region. The company generates maximum revenue from its business in the United States, followed by the United Kingdom, Canada, and other markets.

Backblaze's brand reputation faced a challenge in May 2025 due to claims made by a short seller, which the company refuted as factually inaccurate and misleading. An independent review confirmed no wrongdoing or issues with the company's financial results. Backblaze emphasized its financial strength, growing revenue, and strong balance sheet. Wall Street analysts reportedly found the short seller claims unsubstantiated. Backblaze highlights its 17-year track record and focus on reliable cloud solutions and is recognized by peer companies and industry leaders.

Backblaze, Inc.'s ownership structure includes institutional, retail, and individual investors. Approximately 48% of the company's shares are held by institutions, with major shareholders including BlackRock, Inc. and Vanguard Group Inc. Individual insiders own about 3.95% of the shares, while the general public holds approximately 42.3%.