Backblaze, Inc. logo

Backblaze, Inc.

BLZE

NASDAQTechnologySoftware - Infrastructure

Previous close

$15.80

−$0.44 · -2.71%

Aug 21, 4:00 PM ET

Pre-market

$16.00

+$0.20 · +1.27%

Aug 24, 5:21 AM ET

BLZE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

69

Undervalued

Momentum

69

Gaining

Sentiment

49

Mixed

Risk resilience

55

Elevated Risk

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Company profile

Company website

Backblaze, Inc. functions as a cloud storage provider, delivering comprehensive online services for businesses and individual consumers to securely store, manage, and access their data globally. The company's cloud solutions are underpinned by a highly scalable software infrastructure built upon cost-effective, commercial-grade hardware. One of its flagship offerings is Backblaze B2 Cloud Storage, a versatile service empowering clients to store data, developers to construct applications, and partners to enhance their service portfolios. This consumption-based Infrastructure-as-a-Service (IaaS) supports a range of functionalities, including data backups, multi-cloud environments, application development, and robust ransomware defense. Furthermore, Backblaze offers Computer Backup, an automated subscription-based Software-as-a-Service (SaaS) that safeguards data on laptops and desktops for both corporate and personal use. This service facilitates routine computer backups, offers protection against ransomware, mitigates risks from theft and loss, and provides remote access capabilities. Backblaze primarily serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was founded in 2007 and is headquartered in San Mateo, California.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Gleb Budman
Listed since
Nov 11, 2021
Employees
320

Market position

Day range

Current $15.80

52-week range

Current $15.80

Open
$16.11
Previous close
$16.24
Volume
2.63M
0.81× average
Average volume
3.25M
Average daily volume
Market cap
948.23M USD
Beta
1.57
Market reference 1
50-day average
$14.6076
+8.16% above average
200-day average
$7.4014
+113.47% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
294.34M USD
P/E (TTM)
-46.47×
P/B (TTM)
10.85×
P/S (TTM)
6.07×
EV / EBITDA
76.83×
Earnings yield
-9.78%
Free cash flow yield
4.31%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
61.97%
Operating margin
-11.20%
Net margin
-13.07%
Return on equity
-30.78%
Return on assets
-13.35%
Return on invested capital
-15.71%

Financial health

Debt / equity
0.93×
Current ratio
1.07×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends73%25%-24%-72%Gross margin, FY2021: 50.89%Gross margin, FY2022: 51.51%Gross margin, FY2023: 48.87%Gross margin, FY2024: 54.33%Gross margin, FY2025: 60.89%Operating margin, FY2021: -27.85%Operating margin, FY2022: -56.50%Operating margin, FY2023: -56.76%Operating margin, FY2024: -36.27%Operating margin, FY2025: -16.20%Net margin, FY2021: -32.16%Net margin, FY2022: -60.36%Net margin, FY2023: -58.53%Net margin, FY2024: -38.03%Net margin, FY2025: -17.56%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 50.89%. Gross margin FY2022 51.51%. Gross margin FY2023 48.87%. Gross margin FY2024 54.33%. Gross margin FY2025 60.89%. Operating margin FY2021 -27.85%. Operating margin FY2022 -56.50%. Operating margin FY2023 -56.76%. Operating margin FY2024 -36.27%. Operating margin FY2025 -16.20%. Net margin FY2021 -32.16%. Net margin FY2022 -60.36%. Net margin FY2023 -58.53%. Net margin FY2024 -38.03%. Net margin FY2025 -17.56%.

Income trends

Revenue

145.84M USD+14.27%

Operating income

−23.62M USD+48.97%

Net income

−25.61M USD+47.23%
Income trends across reported periods166.39M USD84.17M USD1.95M USD−80.27M USDRevenue, FY2021: 67.48M USDRevenue, FY2022: 85.16M USDRevenue, FY2023: 102.02M USDRevenue, FY2024: 127.63M USDRevenue, FY2025: 145.84M USDOperating income, FY2021: −18.79M USDOperating income, FY2022: −48.11M USDOperating income, FY2023: −57.91M USDOperating income, FY2024: −46.29M USDOperating income, FY2025: −23.62M USDNet income, FY2021: −21.7M USDNet income, FY2022: −51.4M USDNet income, FY2023: −59.71M USDNet income, FY2024: −48.53M USDNet income, FY2025: −25.61M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 67.48M USD. Revenue FY2022 85.16M USD. Revenue FY2023 102.02M USD. Revenue FY2024 127.63M USD. Revenue FY2025 145.84M USD. Operating income FY2021 −18.79M USD. Operating income FY2022 −48.11M USD. Operating income FY2023 −57.91M USD. Operating income FY2024 −46.29M USD. Operating income FY2025 −23.62M USD. Net income FY2021 −21.7M USD. Net income FY2022 −51.4M USD. Net income FY2023 −59.71M USD. Net income FY2024 −48.53M USD. Net income FY2025 −25.61M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue145.84M USD127.63M USD102.02M USD85.16M USD67.48M USD
Cost of goods sold57.04M USD58.29M USD52.16M USD41.29M USD33.14M USD
Gross profit88.79M USD69.34M USD49.86M USD43.86M USD34.34M USD
Research and development46.11M USD42.1M USD39.53M USD33.11M USD20.54M USD
Selling, general, and administrative66.31M USD73.53M USD68.24M USD58.87M USD32.6M USD
Operating expenses112.42M USD115.63M USD107.76M USD91.98M USD53.14M USD
Interest expense3.87M USD3.66M USD3.79M USD4.29M USD3.68M USD
Depreciation and amortization25.49M USD28.33M USD24.91M USD20.15M USD16.32M USD
Operating income−23.62M USD−46.29M USD−57.91M USD−48.11M USD−18.79M USD
Net income−25.61M USD−48.53M USD−59.71M USD−51.4M USD−21.7M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+149.11%
11 comparable reports
Latest EPS result
0.08
Estimate 0.02 · Beat by 366.74%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.120.04-0.04-0.12Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual -0.06, estimate -0.08, surprise +25.00%, Beat. Q2 2025, reported May 7, 2025: actual -0.03, estimate -0.06, surprise +50.00%, Beat. Q3 2025, reported Aug 7, 2025: actual 0.01, estimate -0.05, surprise +120.00%, Beat. Q4 2025, reported Nov 6, 2025: actual 0.03, estimate -0.01, surprise +400.00%, Beat. Q1 2026, reported Feb 23, 2026: actual 0.06, estimate 0.01, surprise +500.00%, Beat. Q2 2026, reported May 4, 2026: actual 0.04, estimate 0.017, surprise +133.37%, Beat. Q3 2026, reported Aug 3, 2026: actual 0.08, estimate 0.017, surprise +366.74%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.05, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates46.37M41.58M36.79M32MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 33.79M USD, estimate 34.22M USD, surprise -1.27%, Miss. Q2 2025, reported May 7, 2025: actual 34.61M USD, estimate 34.22M USD, surprise +1.16%, Beat. Q3 2025, reported Aug 7, 2025: actual 36.3M USD, estimate 35.41M USD, surprise +2.50%, Beat. Q4 2025, reported Nov 6, 2025: actual 37.16M USD, estimate 37.54M USD, surprise -1.02%, Miss. Q1 2026, reported Feb 23, 2026: actual 37.76M USD, estimate 37.63M USD, surprise +0.36%, Beat. Q2 2026, reported May 4, 2026: actual 38.67M USD, estimate 37.78M USD, surprise +2.34%, Beat. Q3 2026, reported Aug 3, 2026: actual 42.71M USD, estimate 39.93M USD, surprise +6.96%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 44.59M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

9 ratings
Strong buy00%
Buy889%
Hold00%
Sell111%
Strong sell00%

Recent analyst actions

9 institutions
William BlairdowngradeOutperformUnderperform

BLZE news

BLZE peers

ETFs holding BLZE

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