Backblaze, Inc. (NASDAQ: BLZE) Surpasses Earnings Expectations and Sets New Milestones

Font: Financial Modeling Prep  • Feb 24, 2026

• Backblaze, Inc. (NASDAQ: BLZE) reported earnings of $0.06 per share, significantly beating the Zacks Consensus Estimate.
• The company's revenue for Q4 2025 was $37.76 million, showcasing consistent growth and market strength.
• Backblaze closed its first eight-figure total contract value neocloud agreement, highlighting the success of its B2 Neo storage offering.

Backblaze, Inc. (NASDAQ: BLZE) is a prominent player in the cloud storage industry, known for its innovative solutions and robust platform. The company recently caught the attention of investors when Oppenheimer set a price target of $8.50 for BLZE, while the stock was trading at $4.37. This suggests a potential price increase of about 94.51%.

In its Q4 2025 earnings call, Backblaze reported earnings of $0.06 per share, surpassing the Zacks Consensus Estimate of $0.01. This marked a significant improvement from a loss of $0.06 per share in the same quarter last year, resulting in a 351.13% earnings surprise. The company has consistently exceeded earnings expectations over the past four quarters.

Backblaze's revenue for the quarter ending December 2025 was $37.76 million, slightly above the Zacks Consensus Estimate by 0.73%. This figure also represented growth from the $33.79 million reported a year ago. The company has consistently outperformed revenue estimates, showcasing its strong market position.

A notable achievement for Backblaze was closing its first eight-figure total contract value neocloud agreement. This milestone, highlighted by CEO Gleb Budman, underscores the strength of their storage cloud platform. The launch of B2 Neo, a neocloud-specific storage offering, further emphasizes Backblaze's capabilities in the AI-driven cloud storage market.

Currently, BLZE is priced at $4.37, with a market capitalization of approximately $252.05 million. The stock has fluctuated between $4.31 and $4.54 today, with a trading volume of 1,665,754 shares. Over the past year, BLZE has seen a high of $10.86 and a low of $3.83, reflecting its volatile nature in the market.