Backblaze, Inc.(BLZE)Stock Analysis
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Rank #1,766 of 2,962 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
BLZE Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for Backblaze, Inc. (BLZE), a Technology sector company. 13F Pro's AI-powered ranking engine scores BLZE at 47.7/100 on a 32-signal composite quality model, placing it at rank #1,766 of 2,962 stocks — the bottom half of the AI-ranked universe. BLZE scores in the top quartile across institutional flow (89.9), revenue growth (78.0). Areas of concern include balance sheet strength (17.2) and revenue scale (20.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 9.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Backblaze, Inc. reports quarterly revenue of $42.7M, net income of $-5.1M, an operating margin of -9.8%. Top institutional holders of BLZE by reported 13-F value include BlackRock, DRIEHAUS CAPITAL MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. BLZE trades on the Nasdaq exchange and files with the SEC under CIK 1462056. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BLZE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Backblaze, Inc. directly from SEC EDGAR. Backblaze, Inc.'s 13F Pro composite quality score has ranged between 25 and 48 since 2022, currently 47.7 — an improving long-term trajectory across 64 quarterly and live scoring snapshots.
Revenue
Q2 2026
$42.7M
Net Income
Q2 2026
$-5.1M
Free Cash Flow
Q2 2026
$9.6M
Operating Margin
Q2 2026
-9.8%
ROIC
Q2 2026
-18.9%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+14.3% YoYNet Income
+47.2% YoYOperating Income
+49.0% YoYEPS (Diluted)
+58.6% YoYTotal Assets
+13.8% YoYTotal Debt
Op. Cash Flow
+88.3% YoYFree Cash Flow
+74.6% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $145.8M +14.3% | $127.6M +25.1% | $102.0M +19.8% | $85.2M +26.2% | $67.5M +25.5% | $53.8M |
| Net Income | $-25.6M +47.2% | $-48.5M +18.7% | $-59.7M -16.2% | $-51.4M -136.8% | $-21.7M -227.7% | $-6.6M |
| Operating Income | $-23.6M +49.0% | $-46.3M +20.1% | $-57.9M -20.4% | $-48.1M -156.0% | $-18.8M -403.6% | $-3.7M |
| EPS (Diluted) | $-0.46 +58.6% | $-1.11 +33.1% | $-1.66 -2.5% | $-1.62 -51.4% | $-1.07 -970.0% | $-0.10 |
| Total Assets | $191.8M +13.8% | $168.6M +28.0% | $131.7M -13.6% | $152.5M -6.8% | $163.6M +200.3% | $54.5M |
| Total Debt | — | — | — | $0.00 | $0.00 -100.0% | $628.0K |
| Operating Cash Flow | $23.5M +88.3% | $12.5M +270.1% | $-7.3M +46.7% | $-13.8M -491.5% | $3.5M -72.5% | $12.8M |
| Free Cash Flow | $18.9M +74.6% | $10.8M +183.9% | $-12.9M +39.1% | $-21.1M -422.8% | $-4.0M -137.8% | $10.7M |
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Top Institutional Holders of BLZE
BlackRock, Inc.
$74.9M4,722,483 shDRIEHAUS CAPITAL MANAGEMENT LLC
$42.6M2,688,044 shVANGUARD CAPITAL MANAGEMENT LLC
$39.9M2,514,639 shACADIAN ASSET MANAGEMENT LLC
$28.3M1,786,402 shGEODE CAPITAL MANAGEMENT, LLC
$24.2M1,525,097 shAWM Investment Company, Inc.
$22.2M1,400,166 shPillsbury Lake Capital LLC
$21.2M1,339,837 shSTATE STREET CORP
$19.3M1,216,998 shConnor, Clark & Lunn Investment Management Ltd.
$18.3M1,156,752 shAQR CAPITAL MANAGEMENT LLC
$16.7M1,051,847 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $74.9M | 4,722,483 |
| DRIEHAUS CAPITAL MANAGEMENT LLC | $42.6M | 2,688,044 |
| VANGUARD CAPITAL MANAGEMENT LLC | $39.9M | 2,514,639 |
| ACADIAN ASSET MANAGEMENT LLC | $28.3M | 1,786,402 |
| GEODE CAPITAL MANAGEMENT, LLC | $24.2M | 1,525,097 |
| AWM Investment Company, Inc. | $22.2M | 1,400,166 |
| Pillsbury Lake Capital LLC | $21.2M | 1,339,837 |
| STATE STREET CORP | $19.3M | 1,216,998 |
| Connor, Clark & Lunn Investment Management Ltd. | $18.3M | 1,156,752 |
| AQR CAPITAL MANAGEMENT LLC | $16.7M | 1,051,847 |
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Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.
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Popular Research
Is BLZE a good stock to buy?
13F Pro's AI-powered analysis of Backblaze, Inc. (BLZE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BLZE are available on the BLZE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. BLZE is classified as a small company.
Which hedge funds own BLZE?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BLZE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Backblaze, Inc.'s investment landscape.