Backblaze Eyes $37.8M Q1 Revenue, Cuts 2026 Estimate to $157.5M
BLZE•Backblaze will report Q1 2026 results on May 4, with consensus revenue of $37.79 million and a per-share loss of $0.11. Full-year 2026 revenue estimates have been cut to $157.50 million from $160.89 million over the past 90 days, while 2026 EPS forecasts fell to -$0.39 and 2027 EPS rose to -$0.30.
1. Q1 2026 Earnings Estimates
Backblaze will release Q1 2026 results on May 4, with consensus estimates pointing to $37.79 million in revenue and a loss of $0.11 per share, closely mirroring the $37.76 million revenue and $0.09 per-share loss reported in the prior quarter.
2. Full-Year 2026 and 2027 Estimate Trends
Over the past 90 days, full-year 2026 revenue forecasts have been revised down from $160.89 million to $157.50 million, while 2027 revenue estimates dipped from $178.49 million to $174.68 million. Earnings projections for 2026 were lowered from -$0.35 to -$0.39 per share, whereas 2027 EPS forecasts improved from -$0.41 to -$0.30.
3. Analyst Price Targets and Recommendations
Based on seven analysts, the average one-year price target of $8.27 implies over 90% upside from current levels, with a high estimate of $15.90 and a low of $4.50. The GF Value of $5.91 suggests roughly 38% upside, and an average brokerage recommendation of 1.8 denotes an Outperform rating.
