BLZE

In the past six months, Backblaze's stock surged over 150% after strong Q1 2026 earnings and a $335 million multi-year strategic agreement with AI cloud provider CoreWeave in June 2026. The company reported Q2 2026 EPS of $0.08, exceeding estimates, and revenue of $42.71 million, an 18% year-over-year growth. However, the stock later experienced a significant valuation correction due to a broader tech and small-cap sell-off, profit-taking in AI infrastructure, and inflation worries. Additionally, a private offering of $150 million (upsized to $175 million) in convertible senior notes due 2031 led to a 13% stock decline due to concerns about potential future dilution. As of September 30, 2026, the share price was $13.99, up from $9.12 on October 1, 2025.