Full-Time
Cloud storage and data backup provider
$123k - $175k/yr
Remote in USA
Remote
Remote role; candidates must be based in the United States.
Bachelor's
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Backblaze provides cloud storage and data backup services for individuals, businesses, and developers. Its products include Backblaze Computer Backup, which automatically backs up computers for a fixed monthly fee, and Backblaze B2 Cloud Storage, an affordable IaaS with S3-compatible APIs for developers and enterprises. The company runs on purpose-built, commodity-hardware infrastructure and publishes detailed drive-performance reports to ensure transparency, with features like cloud replication and flexible version history. Its goal is to offer simple, affordable, and reliable data protection and cloud storage that scales from individuals to enterprises.
Company Size
201-500
Company Stage
IPO
Headquarters
San Mateo, California
Founded
2007
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Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Flexible Vacation Policy
Maternity & paternity leave
Commuter Benefits
Fertility Treatment Support
Learning & development program
Stock Options
RSUs
ESPP program
Hybrid Work Options
Remote Work Options
Paid Vacation
Paid Holidays
Paid Sick Leave
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
Childcare Support
Adoption Assistance
Parental Leave
Family Planning Benefits
Tuition Reimbursement
Professional Development Budget
Conference Attendance Budget
Employee Discounts
Legal Services
Meal Benefits
Relocation Assistance
Performance Bonus
Profit Sharing
Employee Stock Purchase Plan
Backblaze stocks hit 55-month high, CoreWeave deal drives 50% surge. 2026-08-04 07:09:54 Key Takeaways * Backblaze Inc. stock soared nearly 50% in Tuesday's opening trade after reporting Q2 earnings per share of $0.08 on $42.7 million revenue. * Backblaze reported B2 Cloud Storage revenue of $26.6 million, up 34% year-on-year, driven by the $335 million CoreWeave strategic agreement. * Backblaze raised its full-year 2026 revenue forecast to $172 million-$174 million, with CoreWeave contract minimum commitments expected by mid-2027. Shares of Backblaze Inc. (BLZE) soared nearly 50% in Tuesday's opening trade, hitting their highest levels in about 55 months after the cloud storage company reported second-quarter (Q2) earnings per share of $0.08 on revenue of $42.7 million, exceeding Wall Street expectations of $0.02 on $39.9 million. The strong performance was driven by a $335 million strategic agreement with CoreWeave Inc. (CRWV) and rising AI demand for data-intensive workloads. The Q2 results prompted multiple Wall Street analysts to raise their price targets on BLZE stock, with Oppenheimer lifting its target to $25 from $15, Lake Street to $21 from $14, and Citizens to $21 from $16, all maintaining positive ratings. AI infrastructure spending and growing enterprise customer traction are fueling momentum in the cloud storage sector as companies seek scalable, cost-effective solutions for AI workloads. Oppenheimer raises BLZE price target to $25 on CoreWeave deal strength. Oppenheimer analyst Ittai Kidron raised his price target on Backblaze to $25 from $15 while maintaining an 'Outperform' rating, saying B2 cloud storage revenue came in well ahead of expectations. Kidron attributed the strong quarter to rising AI demand, improving traction with larger enterprise customers and Backblaze's largest-ever deal with CoreWeave. The analyst said those factors underscore the company's positioning as AI infrastructure spending continues to expand, with the CoreWeave agreement serving as a key contributor to the quarter's outperformance. Lake Street lifts price target to $21 citing CoreWeave revenue ramp. Lake Street raised its price target on Backblaze to $21 from $14 while maintaining a 'Buy' rating, saying revenue from the CoreWeave partnership is expected to build gradually through 2026 because of data transfer limits and the time required to onboard managed services. The firm expects the contract's minimum revenue commitments to "fully kick in" by mid-2027, prompting it to raise its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates for both 2026 and 2027. Lake Street said the phased ramp supports stronger profitability over the next two years as the CoreWeave relationship matures. Citizens raises price target to $21 on broad-based business momentum. Citizens analyst Rustam Kanga raised his price target on Backblaze to $21 from $16, while reiterating an 'Outperform' rating. The analyst pointed to the company's higher full-year outlook, citing broad-based business strength rather than a single growth driver. According to Citizens, strong sales execution, resilient customer retention, growing AI-related demand and the CoreWeave contract support Backblaze's growth outlook, with the raised guidance reinforcing confidence in the company's momentum. Backblaze CEO Gleb Budman reports Q2 EPS of $0.08 on $42.7M revenue. Backblaze co-founder and CEO Gleb Budman called Q2 "an amazing quarter" after the company exceeded the high end of its revenue and adjusted EBITDA guidance. The company reported earnings per share (EPS) of $0.08 on revenue of $42.7 million, while Wall Street expected an EPS of $0.02 on revenue of $39.9 million, according to Fiscal.ai data. Backblaze stated that its B2 Cloud Storage revenue climbed 34% year-on-year to $26.6 million, driven by growing demand for AI and data-intensive workloads. Budman highlighted the company's recently announced $335 million strategic agreement with CoreWeave as validation of Backblaze's role in the AI infrastructure stack, saying AI workloads require scalable, cost-effective storage where the company is "built to win." Backblaze also raised its full-year 2026 outlook, increasing its revenue forecast to $172 million-$174 million from $161.5 million-$163.5 million, compared to Wall Street estimates of $164.2 million. Retail sentiment on BLZE stock reaches extremely bullish levels. Retail sentiment on Stocktwits around Backblaze trended in the 'extremely bullish' territory with message volumes at 'extremely high' levels. BLZE stock is up 398% year-to-date and 349% over the past 12 months. The iShares Russell 2000 Growth ETF (IWO) is up 31% over the past 12 months, while the iShares Micro-Cap ETF (IWC) is up 49%. Faq. What did Backblaze report for Q2 earnings? Backblaze reported Q2 earnings per share of $0.08 on revenue of $42.7 million, exceeding Wall Street expectations of $0.02 on $39.9 million. B2 Cloud Storage revenue climbed 34% year-on-year to $26.6 million. Why did BLZE stock surge nearly 50% in Tuesday's opening trade? BLZE stock surged after the company reported stronger-than-expected Q2 results and announced a $335 million strategic agreement with CoreWeave Inc. Analysts attributed the performance to rising AI demand, improving traction with larger enterprise customers, and the CoreWeave deal. What price targets did analysts set for Backblaze stock? Oppenheimer raised its price target to $25 from $15 with an 'Outperform' rating. Lake Street raised its target to $21 from $14 with a 'Buy' rating. Citizens raised its target to $21 from $16 with an 'Outperform' rating. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Backblaze reported second-quarter results that exceeded expectations, with revenue rising 18% year-over-year to $42.7 million. Adjusted EBITDA nearly doubled to $13 million, reaching a 30% margin. The company's B2 Cloud Storage business accelerated sharply. B2 revenue grew 34%, its strongest pace in seven quarters, while annual recurring revenue rose 39% to $113 million. The growth was partly driven by a May price increase, which contributed roughly eight percentage points. Backblaze announced its largest contract ever: a $335 million, multi-year agreement with AI cloud provider CoreWeave. The deal added approximately $313 million in remaining performance obligations and prompted increased infrastructure spending. The company raised its 2026 revenue guidance to between $172 million and $174 million, with adjusted EBITDA margins projected at 27% to 29%.
Backblaze to present at Ai4 2026 on keeping GPUs fed at multimodal scale. August 3, 2026 SAN MATEO, Calif.-(BUSINESS WIRE)- Backblaze, Inc. (NASDAQ: BLZE), the storage platform powering AI and data-intensive workloads, will exhibit and present as a Platinum sponsor at Ai4 2026, Aug. 4-6 at The Venetian Las Vegas. Ai4 is the largest AI event in North America and convenes roughly 12,000 attendees around applied AI use cases spanning GenAI, agentic AI, physical AI, world models, and AI infrastructure. At Booth #1248, the company will showcase how high-throughput object storage keeps GPUs fed across multi-petabyte AI workloads in the cloud and on-premises. Product Showcase: Powered by Backblaze The Powered by Backblaze service lets neocloud platforms and GenAI companies, as well as software providers and technology partners, embed B2 Cloud Storage directly into their own platforms - provisioning accounts, running usage reports, and billing customers under their own brand via the Backblaze Partner API. Partners get enterprise-grade object storage without building or operating the infrastructure themselves. Edge computing platform Azion runs on this model, embedding Powered by Backblaze into its Edge Storage product and migrating nearly 1PB of customer data to B2 - all without building or maintaining its own storage infrastructure. Product Showcase: B2 Overdrive Backblaze B2 Overdrive is the company's high-throughput object storage built for multi-petabyte datasets and multimodal AI workloads. B2 delivers up to 1Tbps of throughput, with unlimited egress and unlimited API transactions folded into a single predictable monthly price. Less than six months after launching, B2 Overdrive was recognized as a winner in SiliconANGLE's 2025 TechForward Awards in the Cloud Tech - Cloud Networking category. It sits alongside Backblaze B2 Cloud Storage, the company's always-hot, S3-compatible object storage. Backblaze B2 supports production AI workloads for customers including CoreWeave, Mirage, Decart, and Segmed. Expert Speaking Session: Pipelines, Provenance, and Storage for GenAI Media at Scale Backblaze Director of Applied AI Jeronimo De Leon will lead a session, "Pipelines, Provenance, and Storage for GenAI Media at Scale," on Tuesday, Aug. 4 at 4:40 p.m. PT. AI training data runs video, audio, and images at multi-petabyte scale - and moves nothing like the flat files pipelines were built for. Teams don't bet on one model provider. They build a portfolio, with fallbacks, allowing data to move constantly between storage and GPU capacity, across cloud and on-premises, across a half-dozen vendors. That movement can be the expensive part to predict - not the storage. De Leon's session covers how teams are building pipelines for that reality - and why storage, not compute, is becoming the long-term bet. "More teams are building data pipelines they expect to change," De Leon said. "Generative media workloads are incredibly dynamic and the storage architecture underneath has to assume that from day one. My session will focus on how these pipelines actually get built, where the costs land, and what teams change once those costs are visible." Supporting Women in AI Backblaze is a sponsor of the Women in AI Reception, taking place Tuesday, Aug. 4 from 4:00-5:00 p.m. PT. Attendees can visit Booth #1248 or book a meeting with the Backblaze team at the show. About Backblaze Backblaze (NASDAQ: BLZE) is the object storage layer powering AI and data-intensive workloads at scale. Built over two decades, the company has leveraged hardware, software, and operational innovation into a platform that delivers the performance and economics the AI era demands - without lock-in. Today, more than 500,000 customers trust Backblaze to move and store the data powering their businesses, reaching hundreds of millions of end users across 175 countries. For more information, visit www.backblaze.com.
Backblaze announces date of Investor Day 2026. SAN FRANCISCO - Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI infrastructure, today announced that it will host an Investor Day on Wednesday, September 9, 2026. The event is expected to start at 9:30 a.m. Eastern time (6:30 a.m. Pacific time). The Investor Day will provide an update on Backblaze's strategy and role in... July 30, 2026 at 5:46 p.m. SAN FRANCISCO - Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI infrastructure, today announced that it will host an Investor Day on Wednesday, September 9, 2026. The event is expected to start at 9:30 a.m. Eastern time (6:30 a.m. Pacific time). The Investor Day will provide an update on Backblaze's strategy and role in the AI ecosystem. The event will be held in New York, NY. Institutional investors and financial analysts interested in attending in person should submit a request to [email protected]. A live webcast will also be accessible from the Backblaze investor relations website at ir.backblaze.com. A replay of the presentation will be available following the completion of the event. Backblaze (NASDAQ: BLZE) is the object storage layer powering AI infrastructure and data-intensive workloads at scale. Built over two decades, the company has leveraged hardware, software, and operational innovation into a platform that delivers the performance and economics the AI era demands - without lock-in. Today, more than 500,000 customers trust Backblaze to move and store the data powering their businesses, reaching hundreds of millions of end users across 175 countries. For more information, visit www.backblaze.com.
Backblaze brings AI data storage expertise to RAISE Summit. Backblaze sponsors RAISE Summit; CEO Gleb Budman joins panel on sovereign cloud strategy and judges world's largest AI startup competition Backblaze (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced its participation as a sponsor of RAISE Summit 2026 taking place July 8-9, 2026, at Le Carrousel du Louvre in Paris,... July 7, 2026 at 9:03 a.m. Backblaze sponsors RAISE Summit; CEO Gleb Budman joins panel on sovereign cloud strategy and judges world's largest AI startup competition Backblaze (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced its participation as a sponsor of RAISE Summit 2026 taking place July 8-9, 2026, at Le Carrousel du Louvre in Paris, France. Backblaze will confront the next AI infrastructure bottleneck: where data lives, how fast it moves, and what it costs to access. As AI-native enterprises and neocloud operators race to build sovereign, AI-ready infrastructure, Backblaze arrives at RAISE with expertise in the data foundations these businesses need - already supporting four leading AI clouds. RAISE Summit 2026 brings together 9,000+ AI leaders, founders, investors, and policymakers from 2,000+ companies, making it the right stage for a conversation about what AI actually requires at the infrastructure layer. CEO to Join Panel on Sovereign Cloud Strategy Gleb Budman, co-founder and CEO of Backblaze, will join a leadership panel on sovereign cloud strategy prior to a keynote by Yann LeCun, co-founder and executive chairman of AMI Labs. The discussion will explore how neocloud operators and enterprise AI teams are rethinking infrastructure in an era where data control, cost predictability, and performance under GPU-scale workloads are no longer negotiable. Budman will bring Backblaze's perspective as an independent storage platform that can deliver the high-throughput, burst-ready performance that AI pipelines demand, alongside the scale and economics their business models require - a perspective grounded in Backblaze's experience operating cloud storage infrastructure for both AI-native enterprise customers and technology partners that embed B2 Cloud Storage into their own platforms. "The infrastructure decisions being made right now will define which AI strategies actually succeed," said Budman. "Sovereign cloud isn't just a compliance checkbox; it's about what controls your data. That means storage you can access without punitive egress fees, without vendor lock-in, on infrastructure engineered for how these AI workloads behave." Backblaze to Judge World's Largest AI Startup Competition Budman will also serve as a final-round judge and overall sponsor of RAISE the STAKES, the world's largest AI startup competition, with a prize pool exceeding €10 million and more than 1,500 applicants. James Leaverton, Director of Startups & Developer Relations at Backblaze, will serve as a judge in the preliminary round of the competition's Cloud Infrastructure track. Leaverton leads the Backblaze Flamethrower program, a founder-first initiative offering early-stage AI and data-heavy startups up to $100,000 in storage credits, production-grade object storage, predictable pricing, and direct technical support from people who have built at scale. About Backblaze Backblaze (NASDAQ: BLZE) gives businesses the freedom to innovate without limits by removing the barriers of lock-in, complexity, and cost. Our high-performance cloud object storage accelerates AI workflows, powers data-heavy applications, streamlines media management, and protects critical data. As an award-winning independent cloud, we provide unparalleled levels of interoperability that enable over 500,000 of our customers to reach and serve hundreds of millions of end users in 175 countries around the world. For more information, please go to www.backblaze.com.