BLZE

Backblaze, Inc.

Fundamental data last updated:September 7, 2026

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company profile

SECTOR

Technology

industry

Software - Infrastructure

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

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. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.

 


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VALUATION

P/E

-21.33

Market Cap ($M USD)

$484.32M

Forward P/E

54.60

PEG

0.39

PRICE TO SALES

3.23

PRICE TO BOOK

5.65

EV / EBITDA

82.81

5-Year Average P/E

Free Cash Flow Yield

2.79%

DCF Value

$-13.24

Graham Number

N/A

Price to FCF

35.88

EV to FCF

38.55

Earnings Yield

-4.69%

FCF Yield

2.79%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$0.38

Next Year EPS Growth Estimate

$0.15

Next Year Revenue Growth Estimate

$178.65M

Return on Equity (ROE)

-27.17%

FREE CASH FLOW

Operating Margin

-13.38%

Debt-to-Equity

0.98

Piotroski F-Score

3

Altman Z-Score

1.38

Return on Invested Capital (ROIC)

-15.11%

Current Ratio

1.05

Quick Ratio

1.05

Net Debt to EBITDA

5.74

Interest Coverage

-4.75

Gross Profit margin

62.09%

FCF PER SHARE

$0.23

REVENUE PER SHARE

$2.53

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Gainseekers Quantitative Analysis

Summary

Backblaze, Inc. presents a perplexing valuation scenario. Despite a Forward P/E of 50.48, suggesting high growth expectations, the stock’s DCF Value is deeply negative, indicating potential overvaluation. The Altman Z-score of 1.32 raises red flags about financial distress, while the negative Earnings Yield underscores profitability challenges. The market seems to be pricing in a turnaround, but the current financial health is shaky at best. Investors should tread carefully, as the numbers paint a picture of a company struggling to justify its market cap.

AI Exposure / Tech Reliance

Positioned in the Software - Infrastructure industry, Backblaze is at the heart of technological evolution. This sector is pivotal in AI and cloud computing advancements, offering potential growth avenues. However, execution will be key in leveraging these opportunities effectively.

The Bull Case

For the optimistic investor, Backblaze offers a tantalizing growth story. The Forward PEG ratio of 0.36 suggests undervaluation relative to expected growth, while a Gross Profit Margin of 62.09% indicates strong pricing power. Despite a low Piotroski F-Score of 3, the company’s FCF Yield of 3.01% provides a glimmer of capital efficiency. These metrics hint at a potential for robust returns if management can capitalize on its growth trajectory.

The Bear Case

Yet, the bear case is hard to ignore. With a Price/Book ratio of 5.24 and an EV to EBITDA of 77.18, the stock appears overvalued. The negative Return on Equity of -27.17% and Operating Margin of -13.38% highlight operational inefficiencies. Additionally, the stock's proximity to its 52-week high suggests technical overextension. These factors combine to paint a picture of a company facing significant structural challenges.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$8.10

Institutional Ownership %

1-Year Beta

1.41

Insider Buying % (6 Mo)

Distance to 52-Week High

34.55%

Distance to 52-Week Low

59.59%

EARNINGS SURPRISE %

139.95%

50-DAY SMA

$5.05

200-DAY SMA

$6.12

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.