Forecast

The analysts' average price target is €17.26 (+39.53%). The median is €18.13 (+46.56%).

Buy	8
Hold	0
Sell	1

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Backblaze places $175 million convertible notes

Backblaze is issuing senior, unsecured convertible notes with no interest payments in the aggregate principal amount of $175 million, maturing August 15, 2031, in a private placement to qualified investors. The notes are convertible into cash, Class A common stock or a combination thereof; the initial conversion rate corresponds to a price of approximately $21.94 per share (a 30% premium to the closing price). Purchasers have been granted an option to subscribe for up to an additional $26.25 million within 13 days; expected net proceeds are about $167.2 million ($192.7 million if the option is fully exercised). Backblaze plans to use approximately $15.2 million to cover capped‑call costs, the cap price of the capped calls is $33.76, and repurchase rights apply no earlier than August 20, 2029 subject to price conditions; the transaction is expected to close on August 24, 2026. » More on de.investing.com
Backblaze stock falls after announcement of $150 million convertible note

Backblaze shares plunged 8.3% in after-hours trading to $17.60 after the company announced a private placement of $150 million in senior, unsecured convertible notes due 2031. The securities are being offered to institutional buyers under Rule 144A and include a 13-day overallotment option of up to $22.5 million, which could raise the total size to about $172.5 million. The prospect of significant dilution and the stock’s more than 60% rally in the prior two weeks made it vulnerable to profit-taking; the broader market showed no significant weakness, making the sell-off company-specific. » More on de.investing.com
Backblaze rises after Q2 surprise and AI partnership with CoreWeave

Backblaze reported Q2 2026 revenue of USD 42.7 million and adjusted EPS of USD 0.08, both well above expectations. Adjusted EBITDA margin reached 30% and B2 cloud storage grew 34% to an ARR of USD 113 million. The company closed a strategic agreement with CoreWeave for more than five years worth roughly USD 335 million (including warrants ~USD 22 million) and raised its full-year revenue guidance to USD 172–174 million. Analysts raised the price target to USD 21 and reiterated an outperform rating, sending the stock sharply higher in premarket trading. » More on de.investing.com

Financials

In the last quarter, Backblaze had revenue of €37.43M and net profit of -€4.46M

(EUR)	Jun 2026	YoY
Revenue	37.43M	21.53%
Gross profit	23.51M	20.28%
Net profit	-4.46M	25.94%
EBITDA	2.72M	531.73%

Fundamentals

Metric	Value
Market capitalization	€778.54M
Number of shares	60.01M
52-week high/low	€20.71 - €2.81
Dividends	No
Beta	1.57
P/E ratio	-44.21
PEG ratio	-0.39
P/B ratio	10.32
P/S ratio	5.77

Company profile

Backblaze, Inc. ist eine Cloud-Speicherplattform, die Unternehmen und Verbrauchern Cloud-Dienste zur Speicherung, Nutzung und zum Schutz von Daten in den Vereinigten Staaten und international anbietet. Das Unternehmen bietet Cloud-Dienste über eine Web-Skala-Software-Infrastruktur auf Commodity-Hardware gebaut. Außerdem bietet es Backblaze B2 Cloud Storage an, mit dem Kunden Daten speichern, Entwickler Anwendungen erstellen und Partner ihre Anwendungsbereiche erweitern können. Dieser Service wird als verbrauchsbasierter Infrastructure-as-a-Service (IaaS) angeboten und dient Anwendungsfällen wie Backups, Multi-Cloud, Anwendungsentwicklung und Schutz vor Ransomware. Darüber hinaus bietet das Unternehmen Backblaze Computer Backup an, das automatisch Daten von Laptops und Desktops für Unternehmen und Privatpersonen sichert. Dieser Service wird als abonnementbasierter Software-as-a-Service angeboten und bedient Anwendungsfälle wie Computer-Backup, Ransomware-Schutz, Schutz vor Diebstahl und Verlust sowie Fernzugriff. Das Unternehmen bedient die Märkte für IaaS-Speicher in der öffentlichen Cloud und Data-Protection-as-a-Service. Das Unternehmen wurde im Jahr 2007 gegründet und hat seinen Hauptsitz in San Mateo, Kalifornien.