Symbols / BLZE Stock $7.37 +4.84% Backblaze, Inc.

Technology • Software - Infrastructure • United States • NGM
BLZE (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Infrastructure
CEO Mr. Gleb Budman
Exch · Country NGM · United States
Market Cap 442.31M
Enterprise Value 459.07M
Income -22.43M
Sales 149.89M
FCF (ttm) 21.33M
Book/sh 1.41
Cash/sh 0.76
Employees 320
Insider 10d —
IPO Nov 11, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 44.27
PEG —
P/S 2.95
P/B 5.23
P/C —
EV/EBITDA -349.37
EV/Sales 3.06
Quick Ratio 0.90
Current Ratio 1.05
Debt/Eq 73.67
LT Debt/Eq —
EPS (ttm) -0.39
EPS next Y 0.17
EPS Growth —
Revenue Growth 11.70%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-04
Earnings (prior) 2026-05-04
ROA -5.17%
ROE -27.63%
ROIC —
Gross Margin 62.32%
Oper. Margin -8.18%
Profit Margin -14.97%
Shs Outstand 60.01M
Shs Float 57.63M
Insider Own 4.77%
Instit Own 50.63%
Short Float 1.98%
Short Ratio 2.38
Short Interest 1.14M
52W High 10.86
vs 52W High -32.12%
52W Low 3.26
vs 52W Low 126.00%
Beta 1.41
Impl. Vol. 6.25%
Rel Volume 0.92
Avg Volume 1.62M
Volume 1.49M
Target (mean) $9.34
Tgt Median $8.50
Tgt Low $6.50
Tgt High $15.90
# Analysts 7
Recom Buy
Prev Close $7.03
Price $7.37
Change 4.84%
About

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. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. In addition, the company offers cloud storage solutions for a range of cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; and Internet of Things. Further, it provides computer backup that automatically backs up data from laptops and desktops for businesses and individuals, which offers a subscription-based software-as-a-service and serves use cases, including MAC and PC backup; ransomware protection; theft and loss recovery; data archiving; organization and managed service provider level management; and remote access. The company serves individuals, developers, MSPS, small and medium-sized businesses, and large enterprises across industries, including media, AI innovators, creative agencies, academic institutions, government agencies, research institutes, and gaming companies. Backblaze, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$9.34
Mean price target
2. Current target
$7.37
Latest analyst target
3. DCF / Fair value
$6.40
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$7.37
Low
$6.50
High
$15.90
Mean
$9.34

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-05 main Lake Street Buy → Buy $11
2026-05-05 reit Citizens Market Outperform → Market Outperform $8
2026-05-05 main Needham Buy → Buy $9
2026-03-23 down William Blair Outperform → Underperform —
2026-02-24 main Lake Street Buy → Buy $8
2026-02-24 main B. Riley Securities Buy → Buy $8
2026-02-24 main Oppenheimer Outperform → Outperform $9
2026-02-24 main Needham Buy → Buy $6
2025-11-06 main Needham Buy → Buy $8
2025-10-17 main Oppenheimer Outperform → Outperform $11
2025-08-08 main JMP Securities Market Outperform → Market Outperform $8
2025-08-07 main Needham Buy → Buy $9
2025-06-24 init JMP Securities — → Market Outperform $7
2025-03-11 init Needham — → Buy $8
2025-02-26 main Lake Street Buy → Buy $11
2025-02-18 main B. Riley Securities Buy → Buy $11
2024-11-08 main Raymond James Outperform → Outperform $14
2024-10-21 main Craig-Hallum Buy → Buy $11
2024-08-09 main Craig-Hallum Buy → Buy $10
2024-08-09 main Oppenheimer Outperform → Outperform $10
News
RSS: Latest BLZE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 BUDMAN GLEB Chief Executive Officer — 128,205 $0.00 $0
2026-04-01 SUIDAN MARC Chief Financial Officer — 85,470 $0.00 $0
2026-03-10 SPRAGGINS DANIEL Officer — 234,220 $0.00 $0
2026-02-27 BUDMAN GLEB Chief Executive Officer — 74,602 $0.00 $0
2026-02-27 SUIDAN MARC Chief Financial Officer — 41,144 $0.00 $0
2025-05-27 FRY EARL E Director — 25,210 $0.00 $0
2025-05-27 NELSON BARBARA H Director — 25,210 $0.00 $0
2025-05-27 CARTER-MILLER JOCELYN E. CPA Director — 25,210 $0.00 $0
2025-05-27 D'AN EVELYN Director — 25,210 $0.00 $0
2025-03-05 BUDMAN GLEB Chief Executive Officer — 300,000 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
145.84
+14.27%
127.63
+25.10%
102.02
+19.80%
85.16
Operating Revenue
145.84
+14.27%
127.63
+25.10%
102.02
+19.80%
85.16
Cost Of Revenue
57.04
-2.13%
58.28
+11.74%
52.16
+26.32%
41.29
Reconciled Cost Of Revenue
57.04
-2.13%
58.28
+11.74%
52.16
+26.32%
41.29
Gross Profit
88.79
+28.05%
69.34
+39.08%
49.86
+13.67%
43.86
Operating Expense
112.42
-2.78%
115.63
+7.30%
107.76
+17.16%
91.98
Research And Development
46.11
+9.53%
42.10
+6.50%
39.53
+19.39%
33.11
Selling General And Administration
66.31
-9.83%
73.53
+7.77%
68.23
+15.91%
58.87
Selling And Marketing Expense
37.40
-15.85%
44.44
+7.68%
41.27
+16.59%
35.40
General And Administrative Expense
28.91
-0.63%
29.09
+7.90%
26.96
+14.89%
23.47
Other Gand A
28.91
-0.63%
29.09
+7.90%
26.96
+14.89%
23.47
Total Expenses
169.46
-2.56%
173.92
+8.75%
159.92
+20.00%
133.27
Operating Income
-23.62
+48.97%
-46.29
+20.06%
-57.91
-20.35%
-48.11
Total Operating Income As Reported
-23.62
+48.97%
-46.29
+20.06%
-57.91
-20.35%
-48.11
EBITDA
3.93
+123.76%
-16.54
+46.66%
-31.01
-14.86%
-27.00
Normalized EBITDA
1.97
+110.96%
-17.96
+45.56%
-32.99
-17.99%
-27.96
Reconciled Depreciation
25.59
-9.66%
28.33
+13.71%
24.91
+23.63%
20.15
EBIT
-21.66
+51.72%
-44.87
+19.77%
-55.92
-18.61%
-47.15
Total Unusual Items
1.96
+37.90%
1.42
-28.33%
1.98
+105.60%
0.96
Total Unusual Items Excluding Goodwill
1.96
+37.90%
1.42
-28.33%
1.98
+105.60%
0.96
Special Income Charges
—
—
—
0.00
Other Special Charges
—
—
—
—
Net Income
-25.61
+47.23%
-48.53
+18.73%
-59.71
-16.18%
-51.40
Pretax Income
-25.53
+47.39%
-48.52
+18.74%
-59.71
-16.09%
-51.44
Net Non Operating Interest Income Expense
-3.87
-5.69%
-3.66
+3.53%
-3.79
+11.59%
-4.29
Interest Expense Non Operating
3.87
+5.69%
3.66
-3.53%
3.79
-11.59%
4.29
Net Interest Income
-3.87
-5.69%
-3.66
+3.53%
-3.79
+11.59%
-4.29
Interest Expense
3.87
+5.69%
3.66
-3.53%
3.79
-11.59%
4.29
Other Income Expense
1.96
+37.90%
1.42
-28.33%
1.98
+105.60%
0.96
Other Non Operating Income Expenses
—
—
—
—
Gain On Sale Of Security
1.96
+37.90%
1.42
-28.33%
1.98
+105.60%
0.96
Tax Provision
0.08
+1300.00%
0.01
0.00
+100.00%
-0.04
Tax Rate For Calcs
0.00
-100.00%
0.00
0.00
-100.00%
0.00
Tax Effect Of Unusual Items
0.00
-100.00%
0.30
0.00
-100.00%
0.00
Net Income Including Noncontrolling Interests
-25.61
+47.23%
-48.53
+18.73%
-59.71
-16.18%
-51.40
Net Income From Continuing Operation Net Minority Interest
-25.61
+47.23%
-48.53
+18.73%
-59.71
-16.18%
-51.40
Net Income From Continuing And Discontinued Operation
-25.61
+47.23%
-48.53
+18.73%
-59.71
-16.18%
-51.40
Net Income Continuous Operations
-25.61
+47.23%
-48.53
+18.73%
-59.71
-16.18%
-51.40
Normalized Income
-27.57
+44.47%
-49.65
+19.52%
-61.70
-17.83%
-52.36
Net Income Common Stockholders
-25.61
+47.23%
-48.53
+18.73%
-59.71
-16.18%
-51.40
Diluted EPS
-0.46
+58.56%
-1.11
+31.90%
-1.63
+0.00%
-1.63
Basic EPS
-0.46
+58.56%
-1.11
+31.90%
-1.63
+0.00%
-1.63
Basic Average Shares
56.21
+29.09%
43.54
+20.91%
36.01
+13.74%
31.66
Diluted Average Shares
56.21
+29.09%
43.54
+20.91%
36.01
+13.74%
31.66
Diluted NI Availto Com Stockholders
-25.61
+47.23%
-48.53
+18.73%
-59.71
-16.18%
-51.40
Line Item Trend 2025-12-31 2023-12-31
Total Assets
191.83
+45.67%
131.69
Current Assets
65.69
+70.56%
38.51
Cash Cash Equivalents And Short Term Investments
51.38
+75.36%
29.30
Cash And Cash Equivalents
29.18
+133.42%
12.50
Other Short Term Investments
22.20
+32.14%
16.80
Receivables
7.84
+76.21%
4.45
Accounts Receivable
3.48
+335.25%
0.80
Other Receivables
4.36
+19.45%
3.65
Prepaid Assets
—
3.31
Other Current Assets
6.46
+346.41%
1.45
Total Non Current Assets
126.14
+35.38%
93.17
Net PPE
80.02
+43.98%
55.58
Gross PPE
187.80
+39.17%
134.94
Accumulated Depreciation
-107.77
-35.80%
-79.36
Properties
0.00
0.00
Machinery Furniture Equipment
2.29
-86.13%
16.48
Construction In Progress
0.09
-93.51%
1.37
Other Properties
185.24
+59.71%
115.98
Leases
0.18
-83.75%
1.11
Goodwill And Other Intangible Assets
40.83
+25.53%
32.52
Other Intangible Assets
40.83
+25.53%
32.52
Other Non Current Assets
5.29
+4.30%
5.07
Total Liabilities Net Minority Interest
108.61
+25.19%
86.75
Current Liabilities
61.62
+7.94%
57.09
Payables And Accrued Expenses
4.63
-14.55%
5.42
Payables
2.81
-13.15%
3.24
Accounts Payable
1.59
-19.51%
1.97
Current Accrued Expenses
1.81
-16.63%
2.18
Pensionand Other Post Retirement Benefit Plans Current
5.81
+28.16%
4.53
Total Tax Payable
1.23
-3.24%
1.27
Income Tax Payable
—
—
Current Debt And Capital Lease Obligation
20.13
-1.20%
20.37
Current Capital Lease Obligation
20.13
-1.20%
20.37
Current Deferred Liabilities
30.50
+17.41%
25.98
Current Deferred Revenue
30.50
+17.41%
25.98
Other Current Liabilities
0.56
-29.60%
0.79
Total Non Current Liabilities Net Minority Interest
46.99
+58.41%
29.66
Long Term Debt And Capital Lease Obligation
41.46
+62.01%
25.59
Long Term Debt
—
4.13
Long Term Capital Lease Obligation
41.46
+93.18%
21.46
Non Current Deferred Liabilities
5.53
+35.75%
4.07
Non Current Deferred Revenue
5.53
+35.75%
4.07
Other Non Current Liabilities
—
—
Preferred Securities Outside Stock Equity
—
—
Stockholders Equity
83.22
+85.19%
44.94
Common Stock Equity
83.22
+85.19%
44.94
Capital Stock
0.01
+50.00%
0.00
Common Stock
0.01
+50.00%
0.00
Preferred Stock
0.00
0.00
Share Issued
58.96
+50.60%
39.15
Ordinary Shares Number
58.71
+49.95%
39.15
Treasury Shares Number
0.26
0.00
Additional Paid In Capital
306.80
+59.47%
192.39
Retained Earnings
-221.60
-50.28%
-147.45
Treasury Stock
1.98
—
Total Equity Gross Minority Interest
83.22
+85.19%
44.94
Total Capitalization
83.22
+69.61%
49.07
Working Capital
4.07
+121.91%
-18.57
Invested Capital
83.22
+69.61%
49.07
Total Debt
61.58
+34.00%
45.96
Capital Lease Obligations
61.58
+47.22%
41.83
Net Tangible Assets
42.40
+241.44%
12.42
Tangible Book Value
42.40
+241.44%
12.42
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
23.54
+88.28%
12.51
+270.14%
-7.35
+46.67%
-13.78
Cash Flow From Continuing Operating Activities
23.54
+88.28%
12.51
+270.14%
-7.35
+46.67%
-13.78
Net Income From Continuing Operations
-25.61
+47.23%
-48.53
+18.73%
-59.71
-16.18%
-51.40
Depreciation Amortization Depletion
25.59
-9.66%
28.33
+13.71%
24.91
+23.63%
20.15
Depreciation
—
—
21.30
+18.33%
18.00
Amortization Cash Flow
—
—
3.60
+63.64%
2.20
Depreciation And Amortization
25.59
-9.66%
28.33
+13.71%
24.91
+23.63%
20.15
Amortization Of Intangibles
—
—
3.60
+63.64%
2.20
Other Non Cash Items
5.63
+79.53%
3.14
+13.34%
2.77
+12.62%
2.46
Stock Based Compensation
26.44
-7.66%
28.63
+13.71%
25.18
+47.67%
17.05
Asset Impairment Charge
1.16
+29.06%
0.90
+287.07%
0.23
0.00
Operating Gains Losses
-0.35
-125.32%
-0.15
+47.26%
-0.29
-889.19%
0.04
Gain Loss On Sale Of PPE
-0.35
-125.32%
-0.15
+47.26%
-0.29
—
Change In Working Capital
-9.31
-4756.50%
0.20
+146.19%
-0.43
+64.33%
-1.21
Change In Receivables
-1.65
-60.14%
-1.03
-1941.07%
0.06
+110.24%
-0.55
Changes In Account Receivables
-1.65
-60.14%
-1.03
-1941.07%
0.06
+110.24%
-0.55
Change In Prepaid Assets
-1.53
-106.07%
-0.74
-66.52%
-0.45
-17.41%
-0.38
Change In Payables And Accrued Expense
0.53
+32.67%
0.40
+123.35%
-1.72
-361.34%
0.66
Change In Accrued Expense
0.13
-86.29%
0.95
+166.67%
-1.42
-46.60%
-0.97
Change In Payable
0.40
+173.49%
-0.55
-85.42%
-0.29
-118.13%
1.63
Change In Account Payable
0.40
+173.49%
-0.55
-85.42%
-0.29
-118.13%
1.63
Change In Other Working Capital
0.47
-91.41%
5.50
+21.63%
4.53
+575.52%
0.67
Change In Other Current Assets
-2.67
-98.59%
-1.35
-246.02%
-0.39
-138.86%
1.00
Change In Other Current Liabilities
-4.47
-72.60%
-2.59
-5.03%
-2.46
+5.81%
-2.62
Investing Cash Flow
-25.34
-313.31%
-6.13
-128.31%
21.66
+129.32%
-73.85
Cash Flow From Continuing Investing Activities
-25.34
-313.31%
-6.13
-128.31%
21.66
+129.32%
-73.85
Net PPE Purchase And Sale
-4.53
-260.43%
-1.26
+75.58%
-5.14
+30.02%
-7.35
Purchase Of PPE
-4.69
-174.34%
-1.71
+68.96%
-5.51
+25.00%
-7.35
Sale Of PPE
0.17
-63.30%
0.46
+23.31%
0.37
0.00
Capital Expenditure
-12.26
+13.57%
-14.18
+29.89%
-20.23
-26.56%
-15.98
Capital Expenditure Reported
-7.56
+39.35%
-12.47
+15.26%
-14.72
-70.44%
-8.63
Net Investment Purchase And Sale
-13.25
-274.42%
7.60
-81.70%
41.52
+171.74%
-57.87
Purchase Of Investment
-39.53
-3.76%
-38.10
-44.54%
-26.36
+81.93%
-145.87
Sale Of Investment
26.28
-42.48%
45.69
-32.68%
67.87
-22.87%
88.00
Financing Cash Flow
-14.80
-164.98%
22.77
+357.54%
-8.84
-42.34%
-6.21
Cash Flow From Continuing Financing Activities
-14.80
-164.98%
22.77
+357.54%
-8.84
-42.34%
-6.21
Net Issuance Payments Of Debt
-18.16
+23.13%
-23.63
-55.09%
-15.24
-25.03%
-12.19
Issuance Of Debt
2.45
+342.96%
0.55
-93.65%
8.72
+102.62%
4.30
Repayment Of Debt
-20.62
+14.75%
-24.18
-0.94%
-23.96
-45.28%
-16.49
Long Term Debt Issuance
2.45
+342.96%
0.55
-93.65%
8.72
+102.62%
4.30
Long Term Debt Payments
-20.62
+14.75%
-24.18
-0.94%
-23.96
-45.28%
-16.49
Net Long Term Debt Issuance
-18.16
+23.13%
-23.63
-55.09%
-15.24
-25.03%
-12.19
Short Term Debt Issuance
—
—
—
—
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
-1.98
-105.30%
37.43
0.00
0.00
Common Stock Payments
-1.98
0.00
0.00
—
Repurchase Of Capital Stock
-1.98
0.00
0.00
—
Proceeds From Stock Option Exercised
7.89
-23.01%
10.24
+45.38%
7.05
+4.20%
6.76
Net Other Financing Charges
-2.54
-98.98%
-1.28
-95.71%
-0.65
+17.26%
-0.79
Changes In Cash
-16.59
-156.93%
29.15
+433.32%
5.46
+105.82%
-93.85
Beginning Cash Position
45.78
+175.26%
16.63
+48.95%
11.16
-89.37%
105.01
End Cash Position
29.18
-36.25%
45.78
+175.26%
16.63
+48.95%
11.16
Free Cash Flow
11.29
+772.99%
-1.68
+93.92%
-27.58
+7.34%
-29.76
Interest Paid Supplemental Data
3.74
+4.44%
3.58
-4.13%
3.73
-1.14%
3.78
Income Tax Paid Supplemental Data
—
0.05
-8.47%
0.06
+90.32%
0.03
Amortization Of Securities
—
0.06
-84.65%
0.42
+148.32%
-0.86
Change In Income Tax Payable
—
—
—
—
Change In Tax Payable
—
—
—
—
Common Stock Issuance
0.00
-100.00%
37.43
0.00
0.00
Issuance Of Capital Stock
0.00
-100.00%
37.43
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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