Backblaze, Inc.

Backblaze, Inc.

BLZE
Backblaze, Inc.US flagNASDAQ Global Market
12.40
USD
+0.09
- -
744.18MMarket Cap
Backblaze, Inc.
BLZE
(NASDAQ Global Market)

Recent

price

12.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.85
2.44
3.32
2.69
2.83
2.93
2.59
2.66
Revenue per Share
-0.05
-0.3
-1.07
-1.62
-1.66
-1.11
-0.46
-0.35
Basic EPS, GAAP
0.53
0.48
-0.2
-0.67
-0.36
0.25
0.34
0.41
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.09
-0.23
3.14
2.06
1.15
1.45
1.42
1.43
Book Value per Share
-0.22
-0.43
2.89
1.56
0.32
0.67
0.72
0.75
Tangible Book Value per Share
22
22
20
32
36
44
56
59
Basic Weighted Avg Shares
41
54
67
85
102
128
146
156
Sales/Revenue/Turnover
2.33
-6.94
-27.85
-56.5
-56.76
-36.27
-16.2
-11.2
Operating Margin (%)
9
13
16
20
25
28
26
26
Depreciation Expense
-1
-7
-22
-51
-60
-49
-26
-20
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-2.44
-12.31
-32.16
-60.36
-58.53
-38.03
-17.56
-13.07
Profit Margin (%)
-19
-27
66
18
-19
6
4
- -
Working Capital
9
20
20
25
26
26
41
61
LT Debt
-3
-7
95
69
45
78
83
89
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
-62.59
-105.05
-79.2
-31.85
-24.29
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
20
20
21
LT Borrowings
- -
- -
- -
LT Finance Leases
41
43
61
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
60
62
Market Capitalization
274
207
980

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
66
63
69
Cash, Cash Equivalents & STI
51
45
50
Accounts Receivable, Net
3
4
5
Inventories
- -
- -
- -
Total Current Liabilities
62
60
69
Payables & Accruals
5
9
17
ST Debt
20
20
21
Deferred Revenue
30
31
30

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
43
- -
- -
- -

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
-0.08
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

  • Backblaze, Inc. (BLZE) Analyst/Investor Day Transcript

  • Backblaze and WEKA Simplify Data Management Across the AI Lifecycle

  • Backblaze: The Backup Drag Is Fading

  • Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering

  • Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering

  • Backblaze Announces Proposed Private Offering of $150 Million of Convertible Senior Notes

  • Backblaze Inc (BLZE) Stock Down 6.9% but Still Overvalued -- GF Score: 41/100

  • BLZE Q2 Earnings Call Focuses on CoreWeave and AI Storage

  • Backblaze: Neoclouds And CoreWeave Have Rewritten Its Growth Trajectory

  • Backblaze Q2 Earnings Call Highlights

  • Why Backblaze Stock Jumped Today

  • Backblaze, Inc. (BLZE) Q2 2026 Earnings Call Transcript

  • Backblaze Q2 Earnings Call Highlights

  • Backblaze Announces Second Quarter 2026 Financial Results

  • Backblaze to Present at Ai4 2026 on Keeping GPUs Fed at Multimodal Scale

  • Backblaze to Present at Ai4 2026 on Keeping GPUs Fed at Multimodal Scale

  • Backblaze Announces Date of Investor Day 2026

  • Backblaze Publishes Q2 2026 Network Stats: New Variance Analysis Reveals Just How Unpredictable AI Traffic Really Is

  • Backblaze Publishes Q2 2026 Network Stats: New Variance Analysis Reveals Just How Unpredictable AI Traffic Really Is

  • Backblaze, Inc. (BLZE) Discusses Hard Drive Failure Rates and Deployment Trends in Latest Device Metrics Analysis Transcript