Symbols / BLZE
BLZE Chart
About
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze 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. In addition, it provides Backblaze 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 computer backup, ransomware protection, theft and loss protection, and remote access. The company serves consumers, organizations, and businesses. The company was incorporated in 2007 and is headquartered in San Mateo, California.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Software - Infrastructur | Market Cap | 221.77M |
| Enterprise Value | 230.94M | Income | -25.61M | Sales | 145.84M |
| Book/sh | 1.42 | Cash/sh | 0.88 | Dividend Yield | — |
| Payout | 0.00% | Employees | — | IPO | — |
| P/E | — | Forward P/E | 40.35 | PEG | — |
| P/S | 1.52 | P/B | 2.71 | P/C | — |
| EV/EBITDA | 117.35 | EV/Sales | 1.58 | Quick Ratio | 0.89 |
| Current Ratio | 1.07 | Debt/Eq | 74.00 | LT Debt/Eq | — |
| EPS (ttm) | -0.66 | EPS next Y | 0.10 | EPS Growth | — |
| Revenue Growth | 11.80% | Earnings | 2026-05-06 | ROA | -8.19% |
| ROE | -31.85% | ROIC | — | Gross Margin | 60.89% |
| Oper. Margin | -5.63% | Profit Margin | -17.56% | Shs Outstand | 57.68M |
| Shs Float | 53.29M | Short Float | 1.66% | Short Ratio | 1.61 |
| Short Interest | — | 52W High | 10.86 | 52W Low | 3.75 |
| Beta | — | Avg Volume | 729.53K | Volume | 565.88K |
| Target Price | $8.34 | Recom | Strong_buy | Prev Close | $3.76 |
| Price | $3.85 | Change | 2.26% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$8.34
Mean price target
2. Current target
$3.85
Latest analyst target
3. DCF / Fair value
$-1.65
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.85
Low
$4.50
High
$15.90
Mean
$8.34
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 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 |
| 2024-04-17 | main | Oppenheimer | Outperform → Outperform | $13 |
| 2024-02-16 | main | Raymond James | Outperform → Outperform | $14 |
| 2024-02-16 | main | Oppenheimer | Outperform → Outperform | $11 |
| 2024-02-09 | main | B. Riley Securities | Buy → Buy | $11 |
- Backblaze CFO to speak at Citizens Technology Conference webcast - Stock Titan Wed, 25 Feb 2026 14
- New Analyst Forecast: $BLZE Given $8 Price Target - Quiver Quantitative ue, 24 Feb 2026 22
- Backblaze, Inc. (BLZE) Beats Q4 Earnings and Revenue Estimates - Yahoo Finance Mon, 23 Feb 2026 23
- BLZE: Latest Analyst Rating Update and Price Target Adjustment | - GuruFocus ue, 24 Feb 2026 20
- Backblaze (BLZE) EPS Loss Narrows In Q4 FY 2025 Yet Profitability Concerns Persist - simplywall.st Wed, 25 Feb 2026 01
- AI cloud veteran from AWS, Microsoft joins Backblaze to steer storage - Stock Titan ue, 24 Feb 2026 21
- Backblaze stock downgraded by Craig-Hallum on margin pressure - Investing.com ue, 24 Feb 2026 15
- Backblaze Q4 2025 Earnings Call Transcript - MarketBeat ue, 24 Feb 2026 05
- 3 Reasons to Hold BLZE Stock Now Despite a 56.8% Year-to-Date Rally - Yahoo Finance ue, 14 Oct 2025 07
- BLZE Analyst Rating: Needham Lowers Price Target While Maintaini - GuruFocus ue, 24 Feb 2026 12
- Backblaze targets $236.53B AI neocloud boom with new B2 Neo storage - Stock Titan Mon, 23 Feb 2026 14
- What Catalysts Are Reframing The Backblaze (BLZE) Story After New Price Targets - Yahoo Finance Fri, 23 Jan 2026 08
- Cloud firm Backblaze lands record neocloud deal and turns Q4 cash positive - Stock Titan Mon, 23 Feb 2026 21
- Backblaze, Inc.'s (NASDAQ:BLZE) 39% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio - simplywall.st Mon, 10 Nov 2025 08
- Is Backblaze (BLZE) Stock Outpacing Its Computer and Technology Peers This Year? - Yahoo Finance hu, 21 Aug 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 25210 | — | — | Stock Award(Grant) at price 0.00 per share. | FRY EARL E | Director | — | 2025-05-27 00:00:00 | D |
| 1 | 25210 | — | — | Stock Award(Grant) at price 0.00 per share. | NELSON BARBARA H | Director | — | 2025-05-27 00:00:00 | D |
| 2 | 25210 | — | — | Stock Award(Grant) at price 0.00 per share. | CARTER-MILLER JOCELYN E. CPA | Director | — | 2025-05-27 00:00:00 | D |
| 3 | 25210 | — | — | Stock Award(Grant) at price 0.00 per share. | D'AN EVELYN | Director | — | 2025-05-27 00:00:00 | D |
| 4 | 60000 | — | — | Stock Award(Grant) at price 0.00 per share. | CESSNA TINA | Officer | — | 2025-03-05 00:00:00 | D |
| 5 | 300000 | — | — | Stock Award(Grant) at price 0.00 per share. | BUDMAN GLEB | Chief Executive Officer | — | 2025-03-05 00:00:00 | D |
| 6 | 5076 | 33218 | — | Sale at price 6.30 - 6.61 per share. | CESSNA TINA | Officer | — | 2025-03-03 00:00:00 | D |
| 7 | 4387 | 28250 | — | Sale at price 6.30 - 6.61 per share. | SUIDAN MARC | Chief Financial Officer | — | 2025-02-28 00:00:00 | D |
| 8 | 6362 | 40968 | — | Sale at price 6.30 - 6.61 per share. | BUDMAN GLEB | Chief Executive Officer | — | 2025-02-28 00:00:00 | D |
| 9 | 5076 | 33908 | — | Stock Award(Grant) at price 6.68 per share. | CESSNA TINA | Officer | — | 2025-02-26 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 298.62K | 0.00 | 731.67 | 233.01K |
| TaxRateForCalcs | 0.21 | 0.00 | 0.00 | 0.27 |
| NormalizedEBITDA | -17.96M | -32.99M | -27.96M | -2.47M |
| TotalUnusualItems | 1.42M | 1.98M | 965.00K | 863.00K |
| TotalUnusualItemsExcludingGoodwill | 1.42M | 1.98M | 965.00K | 863.00K |
| NetIncomeFromContinuingOperationNetMinorityInterest | -48.53M | -59.71M | -51.40M | -21.70M |
| ReconciledDepreciation | 28.33M | 24.91M | 20.15M | 16.32M |
| ReconciledCostOfRevenue | 58.28M | 52.16M | 41.29M | 33.14M |
| EBITDA | -16.54M | -31.01M | -27.00M | -1.61M |
| EBIT | -44.87M | -55.92M | -47.15M | -17.93M |
| NetInterestIncome | -3.66M | -3.79M | -4.29M | -3.68M |
| InterestExpense | 3.66M | 3.79M | 4.29M | 3.68M |
| NormalizedIncome | -49.65M | -61.70M | -52.36M | -22.33M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -48.53M | -59.71M | -51.40M | -21.70M |
| TotalExpenses | 173.92M | 159.92M | 133.27M | 86.27M |
| TotalOperatingIncomeAsReported | -46.29M | -57.91M | -48.11M | -18.79M |
| DilutedAverageShares | 43.54M | 36.01M | 31.66M | 20.35M |
| BasicAverageShares | 43.54M | 36.01M | 31.66M | 20.35M |
| DilutedEPS | -1.11 | -1.63 | -1.63 | -1.07 |
| BasicEPS | -1.11 | -1.63 | -1.63 | -1.07 |
| DilutedNIAvailtoComStockholders | -48.53M | -59.71M | -51.40M | -21.70M |
| NetIncomeCommonStockholders | -48.53M | -59.71M | -51.40M | -21.70M |
| NetIncome | -48.53M | -59.71M | -51.40M | -21.70M |
| NetIncomeIncludingNoncontrollingInterests | -48.53M | -59.71M | -51.40M | -21.70M |
| NetIncomeContinuousOperations | -48.53M | -59.71M | -51.40M | -21.70M |
| TaxProvision | 6.00K | 0.00 | -39.00K | 96.00K |
| PretaxIncome | -48.52M | -59.71M | -51.44M | -21.61M |
| OtherIncomeExpense | 1.42M | 1.98M | 965.00K | 863.00K |
| OtherNonOperatingIncomeExpenses | -1.44M | |||
| SpecialIncomeCharges | 0.00 | 2.30M | ||
| OtherSpecialCharges | -2.30M | |||
| GainOnSaleOfSecurity | 1.42M | 1.98M | 965.00K | -1.44M |
| NetNonOperatingInterestIncomeExpense | -3.66M | -3.79M | -4.29M | -3.68M |
| InterestExpenseNonOperating | 3.66M | 3.79M | 4.29M | 3.68M |
| OperatingIncome | -46.29M | -57.91M | -48.11M | -18.79M |
| OperatingExpense | 115.63M | 107.76M | 91.98M | 53.13M |
| ResearchAndDevelopment | 42.10M | 39.53M | 33.11M | 20.54M |
| SellingGeneralAndAdministration | 73.53M | 68.23M | 58.87M | 32.60M |
| SellingAndMarketingExpense | 44.44M | 41.27M | 35.40M | 19.70M |
| GeneralAndAdministrativeExpense | 29.09M | 26.96M | 23.47M | 12.90M |
| OtherGandA | 29.09M | 26.96M | 23.47M | 12.90M |
| GrossProfit | 69.34M | 49.86M | 43.86M | 34.34M |
| CostOfRevenue | 58.28M | 52.16M | 41.29M | 33.14M |
| TotalRevenue | 127.63M | 102.02M | 85.16M | 67.48M |
| OperatingRevenue | 127.63M | 102.02M | 85.16M | 67.48M |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 0.00 | |||
| OrdinarySharesNumber | 53.38M | 39.15M | 33.39M | 30.38M |
| ShareIssued | 53.38M | 39.15M | 33.39M | 30.38M |
| TotalDebt | 46.34M | 45.96M | 45.49M | 33.25M |
| TangibleBookValue | 35.82M | 12.42M | 52.04M | 87.85M |
| InvestedCapital | 77.62M | 49.07M | 73.05M | 95.49M |
| WorkingCapital | 5.95M | -18.57M | 18.12M | 66.02M |
| NetTangibleAssets | 35.82M | 12.42M | 52.04M | 87.85M |
| CapitalLeaseObligations | 46.34M | 41.83M | 41.18M | 33.25M |
| CommonStockEquity | 77.62M | 44.94M | 68.75M | 95.49M |
| TotalCapitalization | 77.62M | 49.07M | 73.05M | 95.49M |
| TotalEquityGrossMinorityInterest | 77.62M | 44.94M | 68.75M | 95.49M |
| StockholdersEquity | 77.62M | 44.94M | 68.75M | 95.49M |
| RetainedEarnings | -195.99M | -147.45M | -87.74M | -36.34M |
| AdditionalPaidInCapital | 273.60M | 192.39M | 156.49M | 131.83M |
| CapitalStock | 5.00K | 4.00K | 4.00K | 3.00K |
| CommonStock | 5.00K | 4.00K | 4.00K | 3.00K |
| PreferredStock | 0.00 | 0.00 | ||
| TotalLiabilitiesNetMinorityInterest | 90.94M | 86.75M | 83.71M | 68.09M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 31.13M | 29.66M | 27.44M | 23.03M |
| OtherNonCurrentLiabilities | 298.00K | |||
| PreferredSecuritiesOutsideStockEquity | 0.00 | |||
| NonCurrentDeferredLiabilities | 5.15M | 4.07M | 2.61M | 3.13M |
| NonCurrentDeferredRevenue | 5.15M | 4.07M | 2.61M | 3.13M |
| LongTermDebtAndCapitalLeaseObligation | 25.99M | 25.59M | 24.82M | 19.60M |
| LongTermCapitalLeaseObligation | 25.99M | 21.46M | 20.52M | 19.60M |
| LongTermDebt | 4.13M | 4.31M | ||
| CurrentLiabilities | 59.80M | 57.09M | 56.27M | 45.06M |
| OtherCurrentLiabilities | 883.00K | 794.00K | 629.00K | 606.00K |
| CurrentDeferredLiabilities | 30.41M | 25.98M | 22.91M | 21.72M |
| CurrentDeferredRevenue | 30.41M | 25.98M | 22.91M | 21.72M |
| CurrentDebtAndCapitalLeaseObligation | 20.35M | 20.37M | 20.66M | 13.64M |
| CurrentCapitalLeaseObligation | 20.35M | 20.37M | 20.66M | 13.64M |
| PensionandOtherPostRetirementBenefitPlansCurrent | 4.11M | 4.53M | 3.14M | 1.65M |
| PayablesAndAccruedExpenses | 4.05M | 5.42M | 8.93M | 7.44M |
| CurrentAccruedExpenses | 1.46M | 2.18M | 4.43M | 1.65M |
| Payables | 2.60M | 3.24M | 4.50M | 5.79M |
| TotalTaxPayable | 1.14M | 1.27M | 1.22M | 3.72M |
| IncomeTaxPayable | 15.00K | |||
| AccountsPayable | 1.46M | 1.97M | 3.28M | 2.08M |
| TotalAssets | 168.56M | 131.69M | 152.46M | 163.58M |
| TotalNonCurrentAssets | 102.81M | 93.17M | 78.06M | 52.50M |
| OtherNonCurrentAssets | 2.19M | 5.07M | 5.10M | 1.79M |
| GoodwillAndOtherIntangibleAssets | 41.80M | 32.52M | 16.70M | 7.64M |
| OtherIntangibleAssets | 41.80M | 32.52M | 16.70M | 7.64M |
| NetPPE | 58.82M | 55.58M | 56.26M | 43.07M |
| AccumulatedDepreciation | -96.31M | -79.36M | -60.48M | -43.08M |
| GrossPPE | 155.13M | 134.94M | 116.73M | 86.15M |
| Leases | 244.00K | 1.11M | 1.27M | 956.00K |
| ConstructionInProgress | 311.00K | 1.37M | 3.64M | 0.00 |
| OtherProperties | 135.46M | 115.98M | 97.71M | 75.76M |
| MachineryFurnitureEquipment | 19.11M | 16.48M | 14.12M | 9.43M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 65.75M | 38.51M | 74.40M | 111.08M |
| OtherCurrentAssets | 1.53M | 1.45M | 1.69M | 910.00K |
| PrepaidAssets | 3.26M | 3.31M | 4.14M | 3.51M |
| Receivables | 6.04M | 4.45M | 3.14M | 1.82M |
| OtherReceivables | 4.21M | 3.65M | 2.28M | 1.51M |
| AccountsReceivable | 1.83M | 800.00K | 856.00K | 309.00K |
| CashCashEquivalentsAndShortTermInvestments | 54.91M | 29.30M | 65.42M | 104.84M |
| OtherShortTermInvestments | 9.14M | 16.80M | 58.73M | 0.00 |
| CashAndCashEquivalents | 45.78M | 12.50M | 6.69M | 104.84M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -1.68M | -27.58M | -29.76M | -7.67M |
| RepaymentOfDebt | -24.18M | -23.96M | -16.49M | -15.65M |
| IssuanceOfDebt | 554.00K | 8.72M | 4.30M | 17.81M |
| IssuanceOfCapitalStock | 37.43M | 0.00 | 0.00 | 106.95M |
| CapitalExpenditure | -14.18M | -20.23M | -15.98M | -11.19M |
| InterestPaidSupplementalData | 3.58M | 3.73M | 3.78M | 3.53M |
| IncomeTaxPaidSupplementalData | 54.00K | 59.00K | 31.00K | 14.00K |
| EndCashPosition | 45.78M | 16.63M | 11.16M | 105.01M |
| BeginningCashPosition | 16.63M | 11.16M | 105.01M | 6.08M |
| ChangesInCash | 29.15M | 5.46M | -93.85M | 98.94M |
| FinancingCashFlow | 22.77M | -8.84M | -6.21M | 106.61M |
| CashFlowFromContinuingFinancingActivities | 22.77M | -8.84M | -6.21M | 106.61M |
| NetOtherFinancingCharges | -1.28M | -652.00K | -788.00K | -2.98M |
| ProceedsFromStockOptionExercised | 10.24M | 7.05M | 6.76M | 478.00K |
| NetCommonStockIssuance | 37.43M | 0.00 | 0.00 | 106.95M |
| CommonStockIssuance | 37.43M | 0.00 | 0.00 | 106.95M |
| NetIssuancePaymentsOfDebt | -23.63M | -15.24M | -12.19M | 2.15M |
| NetShortTermDebtIssuance | 3.50M | |||
| ShortTermDebtIssuance | 3.50M | |||
| NetLongTermDebtIssuance | -23.63M | -15.24M | -12.19M | 2.15M |
| LongTermDebtPayments | -24.18M | -23.96M | -16.49M | -15.65M |
| LongTermDebtIssuance | 554.00K | 8.72M | 4.30M | 17.81M |
| InvestingCashFlow | -6.13M | 21.66M | -73.85M | -11.19M |
| CashFlowFromContinuingInvestingActivities | -6.13M | 21.66M | -73.85M | -11.19M |
| NetInvestmentPurchaseAndSale | 7.60M | 41.52M | -57.87M | 0.00 |
| SaleOfInvestment | 45.69M | 67.87M | 88.00M | 0.00 |
| PurchaseOfInvestment | -38.10M | -26.36M | -145.87M | 0.00 |
| NetPPEPurchaseAndSale | -1.26M | -5.14M | -7.35M | -7.56M |
| SaleOfPPE | 455.00K | 369.00K | 0.00 | 17.00K |
| PurchaseOfPPE | -1.71M | -5.51M | -7.35M | -7.56M |
| CapitalExpenditureReported | -12.47M | -14.72M | -8.63M | -3.63M |
| OperatingCashFlow | 12.51M | -7.35M | -13.78M | 3.52M |
| CashFlowFromContinuingOperatingActivities | 12.51M | -7.35M | -13.78M | 3.52M |
| ChangeInWorkingCapital | 200.00K | -433.00K | -1.21M | 4.01M |
| ChangeInOtherWorkingCapital | 5.50M | 4.53M | 670.00K | 5.46M |
| ChangeInOtherCurrentLiabilities | -2.59M | -2.46M | -2.62M | -495.00K |
| ChangeInOtherCurrentAssets | -1.35M | -389.00K | 1.00M | -541.00K |
| ChangeInPayablesAndAccruedExpense | 401.00K | -1.72M | 657.00K | 2.81M |
| ChangeInAccruedExpense | 948.00K | -1.42M | -970.00K | 2.31M |
| ChangeInPayable | -547.00K | -295.00K | 1.63M | 502.00K |
| ChangeInAccountPayable | -547.00K | -295.00K | 1.63M | 502.00K |
| ChangeInTaxPayable | 978.00K | |||
| ChangeInIncomeTaxPayable | 978.00K | |||
| ChangeInPrepaidAssets | -741.00K | -445.00K | -379.00K | -3.13M |
| ChangeInReceivables | -1.03M | 56.00K | -547.00K | -100.00K |
| ChangesInAccountReceivables | -1.03M | 56.00K | -547.00K | -100.00K |
| OtherNonCashItems | 3.07M | 2.35M | 2.46M | 1.57M |
| StockBasedCompensation | 28.63M | 25.18M | 17.05M | 5.63M |
| AssetImpairmentCharge | 898.00K | 232.00K | 0.00 | |
| AmortizationOfSecurities | 64.00K | 417.00K | -863.00K | 0.00 |
| DepreciationAmortizationDepletion | 28.33M | 24.91M | 20.15M | 16.32M |
| DepreciationAndAmortization | 28.33M | 24.91M | 20.15M | 16.32M |
| AmortizationCashFlow | 3.60M | 2.20M | ||
| AmortizationOfIntangibles | 3.60M | 2.20M | ||
| Depreciation | 21.30M | 18.00M | ||
| OperatingGainsLosses | -154.00K | -292.00K | 37.00K | -2.30M |
| GainLossOnSaleOfPPE | -154.00K | -292.00K | ||
| NetIncomeFromContinuingOperations | -48.53M | -59.71M | -51.40M | -21.70M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for BLZE
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|