This article first appeared on GuruFocus.

Backblaze Inc (NASDAQ:BLZE) is set to release its Q3 2025 earnings on Nov 6, 2025. The consensus estimate for Q3 2025 revenue is $36.93 million, and the earnings are expected to come in at -$0.13 per share. The full year 2025's revenue is expected to be $146.13 million and the earnings are expected to be -$0.54 per share. More detailed estimate data can be found on the Forecast page.

Warning! GuruFocus has detected 7 Warning Signs with BLZE.

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Revenue estimates for Backblaze Inc (NASDAQ:BLZE) have increased from $145.26 million to $146.13 million for the full year 2025, and from $165.74 million to $166.57 million for 2026 over the past 90 days. Earnings estimates have improved from -$0.61 per share to -$0.54 per share for the full year 2025, and from -$0.45 per share to -$0.35 per share for 2026 over the past 90 days.

In the previous quarter of 2025-06-30, Backblaze Inc's (NASDAQ:BLZE) actual revenue was $36.30 million, which beat analysts' revenue expectations of $35.41 million by 2.50%. Backblaze Inc's (NASDAQ:BLZE) actual earnings were -$0.13 per share, which beat analysts' earnings expectations of -$0.18 per share by 26.97%. After releasing the results, Backblaze Inc (NASDAQ:BLZE) was up by 24.86% in one day.

Based on the one-year price targets offered by 8 analysts, the average target price for Backblaze Inc (NASDAQ:BLZE) is $11.86, with a high estimate of $15.90 and a low estimate of $8.00. The average target implies an upside of 22.80% from the current price of $9.66.

Based on GuruFocus estimates, the estimated GF Value for Backblaze Inc (NASDAQ:BLZE) in one year is $6.18, suggesting a downside of -36.02% from the current price of $9.66.

Based on the consensus recommendation from 9 brokerage firms, Backblaze Inc's (NASDAQ:BLZE) average brokerage recommendation is currently 1.7, indicating an \\"Outperform\\" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.