Backblaze Inc. (BLZE)
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Backblaze Flags Q2 Drive Failure Rise, Sees Outliers Not a Trend
Backblaze NASDAQ: BLZE reported a quarterly annualized failure rate of 1.73% across its hard-drive fleet in its Q2 2026 Drive Stats report, an increase from the company's longer-term average but one that management said was largely attributable to a small number of statistical outliers.
Backblaze, Inc. (BLZE) Drive Stats Report and Trends in Hard Drive and Solid-State Drive Technologies Transcript
Backblaze, Inc. (BLZE) Drive Stats Report and Trends in Hard Drive and Solid-State Drive Technologies Transcript
Backblaze: AI Contracts Strengthen The Growth, But Margins Face A Temporary Hit
Backblaze earns a Buy rating with a $16 price target, reflecting strong B2 Cloud Storage growth and new AI contracts like CoreWeave. B2 revenue grew 34% in Q2, with core growth around 26% excluding price increases; future revenue visibility improves with large enterprise contracts. Gross margins face near-term pressure as infrastructure investments precede revenue recognition, causing negative free cash flow for several quarters.
Backblaze Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 414 | $3,868.87 | $4,026.15 | $157.28 | 4.07% |
| BG Bart Gancher Intech Investment Management LLC | 11,716 | $60,173.45 | $116,105.56 | $55,932.11 | 92.95% |
| GN Gina Nelson Next Century Growth Investors LLC | 687,498 | $10.9M | $6.72M | -$4.18M | -38.34% |
| CD Charlie Durham Sterling Capital Management LLC | 206 | $960.22 | $2,003.35 | $1,043.13 | 108.63% |
 Joseph Castro Nuveen LLC | 577,841 | $8.39M | $5.62M | -$2.77M | -33% |
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Backblaze Inc. Profile
| Transportation Infrastructure Industry | Industrials Sector | Gleb Budman CEO | NASDAQ (NMS) Exchange | 05637B105 CUSIP |
| US Country | 320 Employees | - Last Dividend | - Last Split | 11 Nov 2021 IPO Date |
Overview
Backblaze, Inc. is a prominent storage cloud platform that extends its services to both businesses and consumers across the United States and globally. Established in 2007 and based in San Mateo, California, the company specializes in offering cloud solutions that are not only efficient but also secure for storing, utilizing, and protecting data. Constructed on a scalable software infrastructure that utilizes commodity hardware, Backblaze is committed to delivering top-tier cloud services that cater to a wide array of data management needs.
Products and Services
- Backblaze B2 Cloud Storage
A consumption-based Infrastructure-as-a-Service (IaaS) offering that provides customers with a versatile platform for data storage. Developers can leverage this service for building applications, while partners can explore new use cases. Backblaze B2 is designed to support various applications including public, hybrid, and multi-cloud storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; and as a robust solution for backup, archive, and replacing tape systems. It also serves as a repository for analytics, artificial intelligence, machine learning projects, and Internet of Things (IoT) applications.
- Backblaze Computer Backup
This service is a subscription-based Software-as-a-Service (SaaS) that automatically backs up data from laptops and desktops for both businesses and individuals. It addresses critical needs such as computer backup, ransomware protection, protection against theft and loss, and enables remote access to backed-up data. Designed with user convenience in mind, it offers a seamless solution for ensuring data protection without manual intervention.
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