Backblaze (BLZE) to Release Earnings on Monday

Backblaze (NASDAQ:BLZE) is anticipated to announce 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 can find conference call details on 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 issued its quarterly earnings data on Monday, May 4th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $38.67 million for the quarter, compared to analysts’ expectations of $37.78 million. Backblaze had a negative net margin of 14.97% and a negative return on equity of 20.54%. On average, analysts expect Backblaze to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Backblaze Stock Performance

Shares of NASDAQ BLZE opened at $13.72 on Friday. Backblaze has a 12-month low of $3.26 and a 12-month high of $18.25. The firm has a market capitalization of $824.57 million, a price-to-earnings ratio of -35.18 and a beta of 1.55. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $11.65 and a 200 day moving average of $7.04.

Institutional Investors Weigh In On Backblaze

Several large investors have recently made changes to their positions in BLZE. Royal Bank of Canada grew its holdings in Backblaze by 1,388.2% during the 4th quarter. Royal Bank of Canada now owns 5,551 shares of the company’s stock valued at $26,000 after buying an additional 5,178 shares in the last quarter. Oxford Asset Management LLP bought a new position in shares of Backblaze during the 4th quarter valued at approximately $47,000. Occudo Quantitative Strategies LP purchased a new position in shares of Backblaze in the second quarter valued at $58,000. Regal Investment Advisors LLC lifted its position in Backblaze by 41.5% during the fourth quarter. Regal Investment Advisors LLC now owns 16,145 shares of the company’s stock valued at $75,000 after purchasing an additional 4,733 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Backblaze in the 2nd quarter worth $79,000. 54.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Backblaze from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 15th. Needham & Company LLC boosted their price objective on Backblaze from $8.50 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. William Blair raised shares of Backblaze from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 23rd. Craig Hallum raised shares of Backblaze from a “hold” rating to a “buy” rating and increased their price objective for the stock from $6.50 to $16.00 in a research note on Tuesday, June 23rd. Finally, B. Riley Financial increased their target price on Backblaze from $7.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Backblaze presently has an average rating of “Moderate Buy” and an average target price of $13.21.

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.