7.99
-3.39%
Close of 9 Nov 2026, in USD
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About Backblaze
From its filings with the US Securities and Exchange Commission
Backblaze is based in San Francisco, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker BLZE. The SEC classifies its business as prepackaged software. In the fiscal year to 31 December 2025, it reported revenue of $145.8m and a net loss of $25.6m. At that date it held total assets of $191.8m and shareholders' equity of $83.2m. By region, United States accounted for 71.7%, followed by Other at 18.6% and United Kingdom at 5.2%.
We are a high-performance cloud storage platform for data-intensive use cases in the artificial intelligence (“AI”) era and across a broad range of modern cloud workloads, designed to help customers address complex storage needs by reducing the barriers of lock-in, complexity, and cost. Our mission is to make customers succeed by solving their toughest data storage challenges. We aim to achieve this mission through our purpose-built, web-scale software infrastructure, which is essential to the global data center and compute infrastructure buildout.
We provide cloud services through a purpose-built, web-scale software infrastructure built on commodity hardware. We believe that by offering a cloud storage solution optimized for price-to-performance at scale, engineered for efficiency, and priced predictably, we substantially reduce the cost, complexity and frustration of storing, using, and protecting data, and we empower customers to focus on their core business operations. Customers use us to support their AI workflows, help ensure the cyber-resilience of their organizations, streamline their media workflows, and enable a variety of other data-focused application and information technology (“IT”) needs. Through our blog and culture of transparency, we have built a community of millions of readers and brand advocates.
Quoted from its 10-K, filed 10 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- IT Services
- Listed since
- 11 Nov 2021
- Employees
- 320
- Website
- backblaze.com ↗
- Head office
- 2261 MARKET STREET STE 81006, SAN FRANCISCO, CA, 94114
- Incorporated in
- DE
- Classification
- Services-Prepackaged Software
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Gleb BudmanChairperson of the Board, Chief Executive Officer, Co-Founder, since 2007$2.2m
- Mr. Marc SuidanChief Financial Officer$2.2m
- Mr. Jason WakeamChief Revenue Officer
- Ms. Jocelyn Carter-MillerLead Independent Director$226,000
- Ms. Evelyn D' AnIndependent Director$211,000
- Mr. Earl FryIndependent Director$205,000
- Ms. Barbara NelsonIndependent Director$203,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 13
- Environment
- 2
- Social
- 23
- Governance
- 14
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Backblaze Inc has built a strong reputation in the online backup and cloud storage industry. Their reliable services and customer-centric approach have gained them a loyal customer base.
- Backblaze Inc offers cost-effective data storage solutions, making them an attractive choice for individuals and businesses looking for affordable backup options.
- Backblaze Inc ensures high levels of data security, employing encryption techniques and robust security measures to protect customer data. This instills trust and confidence among their users.
Weaknesses
- Backblaze Inc focuses primarily on online backup and cloud storage services. This limited service portfolio may limit their growth potential and revenue streams compared to competitors offering a wider range of solutions.
- As a cloud-based service, Backblaze Inc heavily relies on stable internet connectivity. Any disruption or downtime in internet services can hamper access to data, causing inconvenience for customers.
Opportunities
- With the increasing adoption of cloud storage and backup solutions, Backblaze Inc has the opportunity to capitalize on the growing demand for data protection services. They can expand their customer base further.
- Backblaze Inc can explore entering new geographical markets to reach a wider audience. Expanding their services globally can lead to increased revenue and exposure.
Threats
- The online backup and cloud storage market is highly competitive, with numerous players vying for market share. Backblaze Inc faces the threat of losing customers to competitors offering similar or better services.
- Advancements in technology and evolving customer needs pose a threat to Backblaze Inc. They must continuously innovate and adapt their services to stay relevant and meet changing market demands.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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