Backblaze (BLZE) to Announce Earnings on Monday

Backblaze (NASDAQ:BLZE) is expected to be posting its Q2 2026 results before the market opens on Monday, August 3rd. Analysts expect Backblaze to announce earnings of $0.01 per share and revenue of $39.9350 million for the quarter. Interested persons are encouraged to explore the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Monday, August 3, 2026 at 5:00 PM ET.

Backblaze (NASDAQ:BLZE) last released its earnings results on Monday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Backblaze had a negative net margin of 14.97% and a negative return on equity of 20.54%. The company had revenue of $38.67 million for the quarter, compared to analyst estimates of $37.78 million. On average, analysts expect Backblaze to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Backblaze Price Performance

Backblaze stock opened at $11.61 on Monday. The stock has a market capitalization of $697.76 million, a P/E ratio of -29.77 and a beta of 1.55. Backblaze has a 12-month low of $3.26 and a 12-month high of $18.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s 50-day moving average is $11.15 and its two-hundred day moving average is $6.80.

Wall Street Analyst Weigh In

Several analysts have commented on BLZE shares. Needham & Company LLC boosted their price target on Backblaze from $8.50 to $14.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Craig Hallum upgraded Backblaze from a “hold” rating to a “buy” rating and raised their price objective for the stock from $6.50 to $16.00 in a report on Tuesday, June 23rd. Citizens Jmp upped their target price on Backblaze from $14.00 to $16.00 and gave the company a “market outperform” rating in a research note on Thursday. Citigroup reaffirmed a “market outperform” rating on shares of Backblaze in a research note on Thursday. Finally, William Blair upgraded shares of Backblaze from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.21.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Backblaze by 8.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,323 shares of the company’s stock valued at $161,000 after buying an additional 2,229 shares during the last quarter. Invesco Ltd. increased its stake in Backblaze by 8.3% during the 4th quarter. Invesco Ltd. now owns 44,103 shares of the company’s stock valued at $206,000 after buying an additional 3,363 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Backblaze by 12.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,219 shares of the company’s stock worth $151,000 after purchasing an additional 3,523 shares in the last quarter. Cerity Partners LLC boosted its stake in Backblaze by 3.6% during the second quarter. Cerity Partners LLC now owns 109,001 shares of the company’s stock valued at $600,000 after buying an additional 3,763 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Backblaze by 31.8% during the second quarter. The Manufacturers Life Insurance Company now owns 19,292 shares of the company’s stock valued at $106,000 after purchasing an additional 4,650 shares during the last quarter. 54.03% of the stock is owned by institutional investors and hedge funds.

About Backblaze

Backblaze, Inc, a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things.