Backblaze, Inc.

Backblaze, Inc.

BLZE
Backblaze, Inc.US flagNASDAQ Global Market
8.90
USD
-0.21
- -
534.13MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.85
2.44
3.32
2.69
2.83
2.93
2.59
2.61
Basic EPS, GAAP
-0.05
-0.3
-1.07
-1.62
-1.66
-1.11
-0.46
-0.39
Free Cash Flow per Basic Share
0.53
0.48
-0.2
-0.67
-0.36
0.25
0.34
0.3
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.38
-0.66
-1.79
-2.77
-4.09
-4.5
-3.94
-3.96
Tangible Book Value per Share
-0.29
-0.57
4.32
1.64
0.34
0.82
0.75
0.76
Basic Weighted Avg Shares
22
22
20
32
36
44
56
58
Sales/Revenue/Turnover
41
54
67
85
102
128
146
150
Operating Margin (%)
2.33
-6.94
-27.85
-56.5
-56.76
-36.27
-16.2
-13.38
Depreciation Expense
9
13
16
20
25
28
26
25
Net Income, GAAP
-1
-7
-22
-51
-60
-49
-26
-22
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-2.44
-12.31
-32.16
-60.36
-58.53
-38.03
-17.56
-14.97
Working Capital
-19
-27
66
18
-19
6
4
3
LT Debt
9
20
20
25
26
26
41
43
Total Equity
-3
-7
95
69
45
78
83
85
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
20
20
20
LT Borrowings
2
- -
- -
LT Finance Leases
42
41
43
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
58
59
60
Market Capitalization
499
262
198

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
65
66
63
Cash, Cash Equivalents & STI
50
51
45
Accounts Receivable, Net
3
3
4
Inventories
- -
- -
- -
Total Current Liabilities
59
62
60
Payables & Accruals
9
5
9
ST Debt
20
20
20
Deferred Revenue
30
30
31

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-295.74%
7.21%
Free Cash Flow
- -
27.31%
74.63%
Net Income, GAAP
- -
62.95%
-47.23%
Sales/Revenue/Turnover
- -
22.16%
14.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30
31
33
34
128
2025
35
36
37
38
146
2026
39
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.27
-0.25
-0.29
-0.3
-1.11
2025
-0.17
-0.13
-0.07
-0.09
-0.46
2026
-0.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Gleb Budman
Full Time Employees
346
Sector
Technology
Industry
Software - Infrastructure
Address
500 Ben Franklin Ct San Mateo CA United States of America 94401
IPO Date
Nov 11, 2021
Business
Backblaze, Inc. (Nasdaq: BLZE) provides cloud storage and backup services to businesses and consumers worldwide. The company offers Backblaze B2 Cloud Storage, a high-performance, S3-compatible object storage platform for backups, application development, media management, AI workflows, ransomware protection, disaster recovery, content delivery, edge computing, multi-cloud strategies, and data archiving; Backblaze Computer Backup, an unlimited automatic backup service for laptops and desktops on macOS and Windows supporting ransomware protection, theft recovery, and remote access; and B2 Cloud Storage Overdrive, a high-performance variant launched in Q1 2025 to accelerate AI and data-intensive workloads. Founded in 2007 and headquartered in San Mateo, California, Backblaze operates data centers in the United States with plans for a Canadian region and serves over 500,000 customers across 175 countries through web-scale infrastructure built on commodity hardware. Recent developments include a US-East data center expansion in July 2025 doubling capacity for AI, high-performance computing, and media sectors with Internet2 connectivity; the Q1 2025 launch of B2 Cloud Storage Overdrive and key AI partnerships; a multi-million-dollar multi-year contract marking its largest commitment; a partnership with Opti9, Canada's largest Veeam MSP, for backups and recovery; go-to-market transformation emphasizing channel partners and direct sales; and strong financial growth with 23% B2 revenue increase in Q1 2025, achieving adjusted EBITDA positivity and projecting 30%+ B2 growth in Q4 2025.

Company News

APIChat
  • Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

  • Backblaze Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

  • Are You Looking for a Top Momentum Pick? Why Backblaze, Inc. (BLZE) is a Great Choice

  • Backblaze to Participate in a Fireside Chat at the BofA Securities 2026 Global Technology Conference

  • Backblaze to Participate in William Blair's 46th Annual Growth Stock Conference

  • Backblaze, Inc. (BLZE) is a Great Momentum Stock: Should You Buy?

  • Backblaze Says AI Demand Is Driving Faster Growth in B2 Cloud Storage

  • Can Backblaze (BLZE) Run Higher on Rising Earnings Estimates?

  • Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

  • Backblaze to Participate in Fireside Chat at the 21st Annual Needham Technology, Media, & Consumer Conference

  • Is Backblaze the Next Momentum Monster?

  • Backblaze: AI Infrastructure Opportunity Is Becoming Clearer (Upgrade)

  • Why Backblaze Stock Jumped 81% This Morning

  • Backblaze, Inc. (BLZE) Q1 2026 Earnings Call Transcript

  • Backblaze, Inc. (BLZE) Tops Q1 Earnings and Revenue Estimates

  • Backblaze, Inc. (BLZE) Discusses Quarterly Network Traffic Highlights and New Geo Data Insights Transcript

  • Backblaze Announces First Quarter 2026 Financial Results

  • DigitalOcean Holdings, Inc. (DOCN) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

  • Backblaze Publishes Q1 2026 Network Stats: New Geographic Heatmaps Show Rising Compute Demand

  • Backblaze, Inc. (BLZE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release