Backblaze, Inc. Class A (BLZE)

In November 2025, Backblaze announced a strategic integration with Shareio. In February 2026, the company experienced a 14% stock pullback and announced its Fourth Quarter and Full Year 2025 financial results, reporting 24% revenue growth in B2 Cloud Storage and 12% overall revenue growth in Q4 2025. In April 2026, Backblaze published its Q1 2026 Network Stats report and announced the appointment of Anuj Kumar as Chief Revenue Officer. In May 2026, Backblaze announced its First Quarter 2026 financial results, exceeding revenue and Adjusted EBITDA guidance, and raised its full-year 2026 revenue and Adjusted EBITDA margin guidance, leading to a surge in BLZE shares and an analyst upgrade to a "Buy" rating.

Backblaze's products and services exhibit some demand seasonality. The company's Q1 2026 Network Stats report indicated a decrease in total network traffic during the winter months, followed by an uptick in February and March. Certain types of cloud storage usage, particularly those related to neoclouds and potentially AI workloads, may experience fluctuations with a slight dip in winter and a rebound in spring.

Backblaze, Inc. is a cloud storage and data backup company offering services for businesses and consumers. Its core business is its cloud storage platform, enabling users to store, back up, archive data, host content, manage media, and build applications. The company's main products include Computer Backup, a SaaS solution for macOS and Windows users, and B2 Cloud Storage, an IaaS solution for software integration, high-performance cloud object storage, and cloud replication services.

Backblaze is a remote-first company serving over 500,000 customers across 175 countries. It operates data centers in Sacramento, Stockton, and Phoenix, California; Reston, Virginia; Amsterdam, Netherlands; and Toronto, Ontario. The majority of Backblaze's revenue is generated from the United States, followed by the United Kingdom and Canada.

Backblaze has maintained a positive brand reputation, particularly within the tech and storage industries. In April 2026, the company was honored on the 2026 CRN® Storage 100 List. Backblaze has consistently reported quarterly reliability statistics for its data center hard drives since 2013, contributing to its transparency.

Backblaze's stock ownership is distributed among institutional investors, insiders, and public/individual investors. Institutional investors hold a significant portion, ranging from approximately 8.63% to 48%. Insiders own approximately 5.73% of the company's stock, with CEO Gleb Budman holding 3.1% of shares outstanding. The general public holds a substantial stake, estimated between 43% and 77.05%.