13FPulse
BL

BLZE BACKBLAZE INC-A

2026Q2 · CUSIP 05637B105 · Cloud Computing · Sector: Technology

Piling in

Net holder growth ranks near the top of the market

Funds that own it
168
Institutions that reported holding it to the SEC
Net increase in holders
+32
Last quarter 136 → now 168
How unusual is that
Top 10%
Stronger buying than 90% of US stocks
What the filings say, in one paragraph

168 funds held BLZE at the end of 2026Q2, up 32 from the quarter before. That is stronger buying than 90.3% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $156M(YoY +13.9%), return on equity is -23.1%. BLZE has had 5 buying rushes in its history, and the price moved +2.9% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Cloud Computing.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2022Q1: holders=29 2022Q2: holders=29 2022Q3: holders=32 2022Q4: holders=31 2023Q1: holders=35 2023Q2: holders=38 2023Q3: holders=56 2023Q4: holders=72 2024Q1: holders=94 2024Q2: holders=95 2024Q3: holders=102 2024Q4: holders=119 2025Q1: holders=111 2025Q2: holders=129 2025Q3: holders=150 2025Q4: holders=145 2026Q1: holders=136 2026Q2: holders=168 -32 -16 +0 +16 +32 26102177 22Q122Q323Q123Q324Q124Q325Q125Q326Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 5 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10%
2025Q3 Top 20% -4.4% +63.3%
2025Q2 Top 20% -34.7% -42.9%
2024Q1 Top 20% -5.8% -11.8%
2023Q3 Top 10%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
91
Change in large funds
+18
Total value they hold
$564M
Funds buying for the first time
59
Funds that sold out entirely
27
Price change that quarter
Funds holding puts (bearish)
4
Funds holding calls (bullish)
8

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-0.34
EPS YoY
Revenue (TTM)
$0.2B
Revenue YoY
+13.9%
Net margin
-13.1%
ROE
-23.1%
Debt ratio
60.5%
FCF (TTM)
$24M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-03-31: EPS -0.41 2022-06-30: EPS -0.37 2022-09-30: EPS -0.40 2022-12-31: EPS -0.44 2023-03-31: EPS -0.50 2023-06-30: EPS -0.41 2023-09-30: EPS -0.44 2023-12-31: EPS -0.31 2024-03-31: EPS -0.27 2024-06-30: EPS -0.25 2024-09-30: EPS -0.29 2024-12-31: EPS -0.30 2025-03-31: EPS -0.17 2025-06-30: EPS -0.13 2025-09-30: EPS -0.07 2025-12-31: EPS -0.09 2026-03-31: EPS -0.10 2026-06-30: EPS -0.08 0M 21M 43M $M -0.55 -0.28 0.00 202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-8M386K9M 2020202120222023202420252026
Latest quarter $3M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.