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BLBLZE

Backblaze, Inc.

$BLZE·$1.1B·Software - Infrastructure·Technology
$9.91+1.9%YTD+109.1%1Y+4.6%
Price updated 12h ago·X counts updated 44d ago
BLBLZE
$BLZEBackblaze, Inc.
$9.91+1.90%25 posts
AI analysisFundamentalsVoices on X
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On X

The complete picture of $BLZE on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

25X posts · last 7 days
No mention history yet
Bullish sentimentAI analysisGenerated by AI from underlying data5 posts analyzed · as of 2026-09-03

Backblaze is called the cleanest chart in a MU/SNDK/NBIS long group — 20-year storage operator publishing the industry's go-to hard-drive report, growth inflecting with AI data volume, and signing with neoclouds like CoreWeave to run the storage layer of AI factories. Momentum slowing on downside, founder still CEO/owner; tape reads clearly long.

Read what X is saying about $BLZE

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $BLZE — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Driven by hypeAcceleratingAI verdict · as of 2026-09-03

The move is getting stronger, with heavier trading behind it.

Backblaze +318% YTD as AI-storage inflects — $175M convertible upsized, 'cleanest chart among BLZE/NBIS/MU/SNDK.'

Backblaze is a US cloud data-storage provider pivoting to AI-storage workloads (neocloud contracts). Up 318% YTD and 61% TTM — accelerating on real AI-storage demand plus successful convertible-note raise.

  • The core is inflecting: Q1 revenue $38.7M (+11.7% YoY), 62% gross margin (SaaS-standard), -13.8% operating margin (still investing in scale), Q1 EPS -$0.10 (Q2 EPS $0.08 vs $0.01714 est = 367% beat — massive off a low bar). FCF yield 1.9% and ROIC -13.2%; analysts model 2026 EPS $0.11.
  • The catalyst mix is genuinely fresh: 'Backblaze: The Backup Drag Is Fading' — real thesis-inflection framing. Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering — real capital-raise upsize (from $150M proposed). BLZE described as under-covered AI-storage play with 20 years operating storage data centers, publisher of industry's go-to hard-drive report. Chart traders rank BLZE 'cleanest chart' among BLZE/NBIS/MU/SNDK.
  • The insider signal is mixed distribution + D-Return: CEO Gleb Budman S-Sale $203K (Aug 21) + D-Return $180K (Aug 20). Officer Marc Suidan S-Sale $33K (Aug 21) + D-Return $180K (Aug 20). D-Returns are director stock returns/awards, small S-Sales are minor distribution. Combined pattern is small-scale but coordinated ahead of the convertible.

Sustains acceleration: Nov 5 Q3 above $0.05 EPS plus neocloud contract disclosure. Flips cooling: more Budman distribution, or AI-storage-customer concentration disclosure.

Agrees with X sentimentX is bullish on BLZE as under-covered AI-storage play with 'cleanest chart' among BLZE/NBIS/MU/SNDK — the mechanics support it (11.7% Q1 revenue growth, 367% Q2 EPS beat off a low bar, real $175M convertible upsize showing capital-market confidence, real neocloud contracts). The 20-years-operating storage data center + go-to-hard-drive-report credibility framing is legitimate.

What to watch: November 5 Q3 earnings — EPS above $0.05 and neocloud contract disclosure. Also further Budman distribution, and AI-storage-customer concentration.

On the calendar: 2026-11-05 — Q3 earnings

Read the AI verdict on $BLZE

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Low-cost cloud object storage (B2) and computer backup SaaS, positioned as an affordable alternative to AWS S3.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Infrastructure sits in its cycle right now — and what that implies for $BLZE.

Software - Infrastructure · Technology

No material change from last week — AI infrastructure capex bifurcates the cohort — GPU-cloud providers and AI-native security platforms absorbing enterprise spend, while legacy SaaS faces multiple compression. GPU-cloud platforms and AI-native security tools absorb enterprise spend while legacy SaaS faces multiple compression.

What this means for $BLZE

Partial — cloud infrastructure exposure benefits indirectly from hyperscaler capex; core business is Backblaze, Inc.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
+4.2%YTD
-3.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-29.9How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-13.2%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-13.4%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
1.9%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
4.7Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-27.2%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
62.1%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.7Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 3, 2026$0.08$0.02+366.7%
Q1 2026May 4, 2026$0.04$0.02+133.4%
Q4 2025Feb 23, 2026$0.06$0.01+500.0%
Q3 2025Nov 6, 2025$0.03$-0.01+400.0%
Next earningsMon, Nov 2·consensus EPS $0.04

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$38.7M+11.7%60.9%-13.8%$-0.10$597K
Q4 FY25$37.8M+11.8%62.0%-12.4%$-0.09$9.7M
Q3 FY25$37.2M+14.0%62.1%-8.9%$-0.07$2.6M
Q2 FY25$36.3M+16.0%63.5%-18.5%$-0.13$700K

Forward consensus

3-year forecast · up to 5 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$162.3M$161.5M – $162.9M$0.11$0.01 – $0.185
FY27$200.1M$157.2M – $249.9M$0.17$0.03 – $0.355
FY28$201.1M$184.2M – $223.4M$0.18$0.16 – $0.211

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.1×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.32%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-35.0%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+24.9%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 58.6M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today5.6% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.565-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 21Gleb BudmanCEO12.9K sh$203KSellAug 21Marc SuidanCFO2.1K sh$33K
+ 15 other (5 returns · 5 awards · 5 inkinds) in window

See when $BLZE insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementAug 248-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 3.02: Unregistered equity sale · Item 8.01: Other event
AI summary

Backblaze (BLZE) issued $201.25 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 on August 19, 2026, including full exercise of the initial purchasers' $26.25M option; the filing triggers Items 1.01 (indenture), 2.03 (financial obligation), 3.02, and 8.01. The zero-coupon structure means no interest payments but creates dilution risk at conversion. This is a major capital markets transaction for Backblaze; $201.25M in zero-coupon convertibles provides significant growth capital and is potentially dilutive to existing shareholders depending on conversion price terms.

S-3Shelf registrationAug 3S-3
AI summary

BLZE filed a S-3 shelf registration statement with the SEC. A shelf registration gives BLZE flexibility to issue debt, equity, or hybrid securities when market conditions are favorable. Filing does not indicate imminent capital raising.

8-KMaterial agreementJul 28-K — Item 1.01: Material agreement
AI summary

Backblaze amended its Citizens Bank credit agreement to expand the permitted capital leases threshold to $150M outstanding on June 30, 2026. Routine credit amendment expanding leasing flexibility.

8-KMaterial agreementJun 238-K — Item 1.01: Material agreement · Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD
AI summary

Delaware 001-41026 20-8893125 entered into a material stock purchase agreement on 2026-06-23 for $335, $0.0001, expected closing June 16, 2026. Narrative: a) of the Exchange Act. ☐ Item 1.01. Entry into a Material Definitive Agreement. Effective on June 16, 2026, Backblaze, Inc. (the “Company”) entered into a Master Strategic Agreement with CoreWeave, Inc. (“CoreWeave”), along with Addendum No. 1 thereto (collectively, the “MSA”), pursuant to which th... Delaware 001-41026 20-8893125 furnished a Reg FD disclosure covering: a) of the Exchange Act. ☐ Item 1.01. Entry into a Material Definitive Agreement. Effective on June 16, 2026, Backblaze, Inc. (the “Company”) entered into a Master Strategic Agreement with CoreWeave, Inc. (“CoreWeave”), along with Addendum No. 1 thereto (collectively, the “MSA”), pursuant to which the Company will provide CoreWeave with the following services: • Cloud object storage capacity on the.

8-KShareholder voteMay 278-K — Item 5.07: Shareholder vote
AI summary

Delaware 001-41026 20-8893125 disclosed voting results from its annual or special meeting. accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.07 Submission of Matters to a Vote of Security Holders. On May 26, 2026, Backblaze, Inc. (the "Company") held its 2026 Annual Meeting of Stockholders (the "Annual Meeting") via live webcast. T he Company's stockholders voted on two proposals, each of which is summarized below and described in more detail in the C...

+ 8 other (2 10-Qs · 2 earnings 8-Ks · 2 13Gs · 1 routine 8-K) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Backblaze to Announce Third Quarter 2026 Results on November 2, 2026businesswire.com·4d agoBackblaze, Inc. (NASDAQ:BLZE) Stock Has Average Price Target of $19.71defenseworld.net·4d agoBackblaze Flags Q2 Drive Failure Rise, Sees Outliers Not a Trenddefenseworld.net·5d agoBackblaze Flags Q2 Drive Failure Rise, Sees Outliers Not a Trendmarketbeat.com·8d agoBackblaze, Inc. (BLZE) Drive Stats Report and Trends in Hard Drive and Solid-State Drive Technologies Transcriptseekingalpha.com·8d ago

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Voices on X · last 7 days

No standout posts about $BLZE on X in the last 7 days.

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