Backblaze (BLZE) Set to Post Quarterly Earnings on Monday

Backblaze (NASDAQ:BLZE) will likely be releasing its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect Backblaze to post earnings of $0.04 per share and revenue of $44.59 million for the quarter. Parties may review the information on the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Monday, November 2, 2026 at 5:00 PM ET.

Backblaze (NASDAQ:BLZE) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $42.71 million during the quarter, compared to the consensus estimate of $39.94 million. Backblaze had a negative net margin of 13.07% and a negative return on equity of 16.73%. On average, analysts expect Backblaze to post ($0.28) EPS for the current fiscal year and ($0.28) EPS for the next fiscal year.

Backblaze Stock Performance

Shares of NASDAQ:BLZE opened at $8.34 on Monday. The firm has a 50 day moving average of $13.30 and a 200 day moving average of $11.33. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $516.25 million, a price-to-earnings ratio of -24.53 and a beta of 1.56. Backblaze has a 52 week low of $3.26 and a 52 week high of $23.99.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Backblaze in a report on Wednesday, August 12th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 price target on shares of Backblaze in a research report on Thursday, September 10th. Citigroup restated a “market outperform” rating on shares of Backblaze in a research note on Monday, September 14th. Oppenheimer raised their price objective on Backblaze from $15.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised Backblaze from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.71.

Insider Buying and Selling

In related news, CEO Gleb Budman sold 12,855 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $15.82, for a total transaction of $203,366.10. Following the completion of the sale, the chief executive officer owned 2,192,103 shares of the company’s stock, valued at $34,679,069.46. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Marc Suidan sold 2,110 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $15.82, for a total transaction of $33,380.20. Following the completion of the sale, the chief financial officer owned 349,518 shares of the company’s stock, valued at approximately $5,529,374.76. This trade represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 4.20% of the stock is owned by insiders.

About Backblaze

Backblaze, Inc provides cloud storage and data backup services for businesses, developers and individual users. The company’s offerings are designed to help customers protect, store, manage and access data without maintaining their own extensive storage infrastructure.

Its primary products include Backblaze Computer Backup, a subscription service that automatically backs up data from computers, and Backblaze B2 Cloud Storage, an object-storage platform used for applications such as backup, archiving, content storage and media workflows.