Backblaze, Inc. BLZE R2KR3KTECH
Company Overview
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. It has a collaboration with WEKA to simplify how AI teams manage data across the AI lifecycle. Backblaze, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Why Investors Should Care
Revenue has grown at a 22.1% CAGR over the past five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $145.84M (+14.3% YoY); net profit $-25.61M.
- Trailing 12 Months Year-on-year growth — revenue +17.7%.
- 5-Year Trend Long-term compounding — revenue CAGR 22.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 22.08% |
| 1 Year: | 17.70% |
Stock Price Performance
| 1 Year: | +5.57% |
| 6 Months: | +98.10% |
| 3 Months: | -32.25% |
| 1 Month: | -38.25% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)25.69 · Oversold
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 22.1% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading 59.2% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BLZE Backblaze, Inc. R2KR3KTECH | 8.34 | -23.83 | $516.25M | 0.00% | -18.14% | -24.29% | 22.08% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 210.96 | 26.64 | $5.09T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 347.72 | 39.88 | $5.07T | 0.32% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 524.51 | 29.19 | $3.89T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 418.51 | 31.19 | $2.17T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 321.68 | 41.08 | $1.54T | 0.72% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 877.55 | 19.82 | $991.10B | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 516.79 | 131.83 | $843.65B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,571.80 | 51.02 | $603.73B | 0.50% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.82M | 15.31M | 16.15M | 17.32M | 19.49M | 20.69M | 22.05M | 23.39M | 24.59M | 25.30M | 29.97M | 31.29M | 32.59M | 34.61M | 36.30M | 37.16M | 38.67M | 42.71M |
| Gross Profit | 6.72M | 7.48M | 8.22M | 8.80M | 9.81M | 11.13M | 11.21M | 10.97M | 12.05M | 11.75M | 15.81M | 17.23M | 17.80M | 19.26M | 23.04M | 23.07M | 23.53M | 26.83M |
| Operating Income | -1.05M | -2.82M | -3.73M | -4.67M | -11.69M | -10.82M | -12.06M | -16.80M | -13.91M | -15.57M | -10.51M | -9.81M | -12.20M | -8.77M | -6.72M | -3.32M | -5.35M | -4.17M |
| Net Income | -1.86M | -3.69M | -2.42M | -5.99M | -12.53M | -11.57M | -12.80M | -17.11M | -14.34M | -16.05M | -11.05M | -10.35M | -12.75M | -9.32M | -7.10M | -3.78M | -6.15M | -5.09M |
| Diluted EPS | -0.10 | -0.20 | -0.13 | -0.32 | -0.41 | -0.37 | -0.40 | -0.50 | -0.41 | -0.44 | -0.27 | -0.25 | -0.29 | -0.17 | -0.13 | -0.07 | -0.10 | -0.08 |
| R&D Expense | 3.30M | 4.27M | 4.71M | 5.34M | 7.94M | 8.40M | 8.15M | 10.53M | 9.93M | 9.64M | 9.75M | 9.59M | 10.73M | 11.86M | 11.88M | 11.23M | 11.29M | 11.00M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | 53.78M | 67.48M | 85.16M | 102.02M | 127.63M | 145.84M |
| Gross Profit | 27.98M | 34.34M | 43.86M | 49.86M | 69.34M | 88.79M |
| Operating Income | -3.73M | -18.79M | -48.11M | -57.91M | -46.29M | -23.62M |
| Net Income | -6.62M | -21.70M | -51.40M | -59.71M | -48.53M | -25.61M |
| Diluted EPS | -0.36 | -1.07 | -1.62 | -1.66 | -1.11 | -0.46 |
| R&D Expense | 13.07M | 20.54M | 33.11M | 39.53M | 42.10M | 46.11M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | 54.47M | 163.58M | 152.46M | 131.69M | 168.56M | 191.83M |
| Total Equity | -2.59M | -6.84M | 95.49M | 68.75M | 44.94M | 77.62M | 83.22M |
| Cash & Equivalents | - | 6.08M | 104.84M | 6.69M | 12.50M | 45.78M | 29.18M |
| Total Liabilities | - | 58.52M | 68.09M | 83.71M | 86.75M | 90.94M | 108.61M |
| Current Liabilities | - | 36.37M | 45.06M | 56.27M | 57.09M | 59.80M | 61.62M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 12.82M | 3.52M | -13.78M | -7.35M | 12.51M | 23.54M |
| Investing Cash Flow | -4.97M | -11.19M | -73.85M | 21.66M | -6.13M | -25.34M |
| Financing Cash Flow | -8.75M | 106.61M | -6.21M | -8.84M | 22.77M | -14.80M |
| Capital Expenditure | -2.12M | -7.56M | -7.35M | -5.51M | -1.71M | -4.69M |
| Free Cash Flow | 10.69M | -4.04M | -21.13M | -12.86M | 10.79M | 18.85M |
| Share Buybacks | - | - | - | 0 | 0 | 1.98M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | 52.0% | 50.9% | 51.5% | 48.9% | 54.3% | 60.9% |
| Operating Margin % | -6.9% | -27.9% | -56.5% | -56.8% | -36.3% | -16.2% |
| Net Margin % | -12.3% | -32.2% | -60.4% | -58.5% | -38.0% | -17.6% |
| ROE % | 96.8% | -22.7% | -74.8% | -132.9% | -62.5% | -30.8% |
| ROCE % | -20.6% | -15.9% | -50.0% | -77.6% | -42.6% | -18.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.63% | 4.72M | $59.93M |
| 2 | Driehaus Capital Management, LLC | 4.34% | 2.69M | $34.11M |
| 3 | Vanguard Capital Management LLC | 4.06% | 2.51M | $31.91M |
| 4 | Acadian Asset Management. LLC | 2.89% | 1.79M | $22.67M |
| 5 | Geode Capital Management, LLC | 2.46% | 1.53M | $19.35M |
| 6 | AWM Investment Company, Inc. | 2.26% | 1.40M | $17.77M |
| 7 | Pillsbury Lake Capital LLC | 2.16% | 1.34M | $17.00M |
| 8 | State Street Corporation | 1.97% | 1.22M | $15.44M |
| 9 | Connor Clark & Lunn Investment Management Ltd | 1.87% | 1.16M | $14.68M |
| 10 | AQR Capital Management, LLC | 1.70% | 1.05M | $13.35M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BLZE
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BLZE — Frequently Asked Questions
What is the current share price of Backblaze, Inc. (BLZE)?
As of 2026-10-23 16:27 PDT, Backblaze, Inc. (BLZE) trades at $8.34 on NasdaqGM. Its 52-week range is $3.31 to $20.43.
What is the market capitalisation of BLZE?
Backblaze, Inc. (BLZE) has a market capitalisation of $516.25M on NasdaqGM.
What is the P/E ratio of BLZE?
BLZE trades at a trailing price-to-earnings (P/E) ratio of -23.83. The industry average P/E is 30.29. Its price-to-book (P/B) ratio is 8.86.
What is the return on equity (ROE) of BLZE?
BLZE has a return on equity (ROE) of -24.29%. Its return on capital employed (ROCE) is -18.14%.
Is BLZE a good stock to buy?
This page provides a data-driven analysis of Backblaze, Inc. (BLZE), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.