Added to YB: 2026-05-07
Pitch date: 2026-05-05
BLZE [neutral]
Backblaze, Inc.
-4.64%
current return
Author Info
Company Info
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally.
Market Cap
$278.5M
Pitch Price
$7.76
Price Target
N/A
Dividend
N/A
EV/EBITDA
20.44
P/E
-11.90
EV/Sales
1.97
Sector
IT Services
Category
growth
Backblaze (BLZE) - Q1 FY2026: Narrative Re-Rating
BLZE (earnings): Q1 rev $38.7M (+12% YoY) beat; B2 Cloud Storage +24% YoY, now $93M ARR (+28%). AI bookings 1/3 of new deals, AI customers +76% YoY, 2 wins=$1.5M ACV. $50k+ ARR customers +72% YoY. Adj EBITDA 26% margin vs 18% prior. Raised FY26 rev guide to $162.5M, EBITDA margin to 24% (from 20%). Stock +65-70% post-print to ~$7.78, now 3.0x FY26 rev, 12.4x EBITDA vs 1.8x/7.6x pre-print. Risk: gap pulled forward re-rating; needs sustained B2 growth proof.
Read full article (9 min)