Backblaze Inc. (BLZE)
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Backblaze, Inc. (BLZE) Discusses Hard Drive Failure Rates and Deployment Trends in Latest Device Metrics Analysis Transcript
Backblaze, Inc. (BLZE) Discusses Hard Drive Failure Rates and Deployment Trends in Latest Device Metrics Analysis Transcript
Backblaze Tops 340,000 Drives as AI Fuels Rising Storage Demand
Backblaze NASDAQ: BLZE reported that its hard drive fleet exceeded 340,000 drives in the first quarter of 2026, with about 1,000 drive failures recorded during the period, according to a company webinar discussing its latest Drive Stats report.
Backblaze: Wall Street Is Waking Up To The Backup Company It Once Left Behind
Backblaze (BLZE) is transforming from a legacy backup provider into a critical AI infrastructure player, highlighted by a $335M CoreWeave deal. B2 Cloud Storage, offering low-cost, egress-free object storage, is driving growth and margin expansion as AI workloads demand multi-cloud flexibility. Operating leverage is accelerating: revenue grew 12% while adjusted EBITDA surged 60%, with margin gains from scale, depreciation changes, and cost discipline.
Backblaze Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 122 | $652.61 | $1,860.52 | $1,207.91 | 185.09% |
| BG Bart Gancher Intech Investment Management LLC | 15,100 | $77,934.27 | $230,675.15 | $152,740.88 | 195.99% |
| KAC Kimberly A. Clarke Stoneridge Investment Partners LLC | 36,518 | $170,000 | $557,867.23 | $387,867.23 | 228.16% |
 Point72 Asset Management LP Point72 Asset Management LP | 540,594 | $2.52M | $8.17M | $5.65M | 224.46% |
 Joseph Castro Nuveen LLC | 71,143 | $350,776.14 | $1.08M | $729,174.6 | 207.87% |
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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.
