Added to YB: 2026-08-04
Pitch date: 2026-07-31
BLZE [bullish]
Backblaze, Inc.
+13.3%
current return
Author Info
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Company Info
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally.
Market Cap
$823.4M
Pitch Price
$13.76
Price Target
22.36 (+43%)
Dividend
N/A
EV/EBITDA
58.15
P/E
-35.17
EV/Sales
5.61
Sector
IT Services
Category
growth
Backblaze (BLZE): AI Cold Storage Thesis Ahead of Q2 2026 Earnings
BLZE (new position): Cloud storage play on AI inference 'cold tier.' B2 storage 58% rev, +24%, 110% NRR; AI customers grow 3x faster, >1/3 new bookings. $335M CoreWeave deal (~1/3 mkt cap); supports 4 AI clouds. EBITDA margin 5%→26%; FY26 first FCF+. Trades $12.63, 3.7x FY27 rev/42% growth vs street $14-16 targets. Risks: capex intensity, unsigned contracts, HDD supply, CRWV/MSFT chain. PW EV +77%.
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