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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›BLZE

BLZE

Backblaze, Inc.

Next earnings Aug 5, 2026 · consensus $-0.08 EPS, $40.5M rev

Last earnings +68.1% on 2026-05-04

Sell
$14.56
▲ +8.49%
$14.56▲ +166.18%
over 1Y
L $3.40EODHDH $14.56
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+8.5%
1W+8.5%
1M+90.6%
3M+328.2%
YTD+207.2%
1Y+166.2%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
C-
Valuation
Fair value
Filings
Clean
Sell
Conviction
Horizon
Medium (3–12mo)
Street · 14 analysts
Buy

Revenue grew 14.3% YoY; but unprofitable (net margin -17.6%).

Revenue (FY2025) $146M · FY2025

Backblaze, Inc. shows $146M in FY2025 revenue (+14.3% YoY), a -17.6% net margin, and -30.8% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$67.5M$85.2M$102M$128M$146M
Gross profit$34.3M$43.9M$49.9M$69.3M$88.8M
Operating income-$18.8M-$48.1M-$57.9M-$46.3M-$23.6M
Net income-$21.7M-$51.4M-$59.7M-$48.5M-$25.6M
Diluted EPS-$1.07-$1.62-$1.66-$1.11-$0.46
Net margin-32.2%-60.4%-58.5%-38.0%-17.6%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$846M
EV / EBITDA429.8
EV / Sales5.8
EV / FCF44.9
P / FCF46.4
PEG (trailing)—
Earnings yield-2.9%
FCF yield2.2%

Quality & risk

ROIC (est.)-22.4%
Free cash flow$18.9M
Total debt$0.00
Net cash$29.2M
Altman Z-Score3.60 safe
Piotroski F-Score5/8

Capital returns

Buyback yield0.2%
Dividend yield (est.)—
Shareholder yield0.2%
Shares Δ YoY+10.7%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Routine disclosure cadence — no material red flags in recent filings.
  1. 8-K Material agreement2026-06-23
  2. 8-K Shareholder vote2026-05-27
  3. 8-K Earnings results2026-05-04
  4. 10-Q Quarterly report2026-05-04
  5. DEF 14A Proxy statement2026-04-15
  6. 10-K Annual report2026-03-10
  7. 8-K Earnings results2026-02-23
  8. 8-K Earnings results2025-11-06
  9. 10-Q Quarterly report2025-11-06

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-06-162026-06-23open ↗4Period ending 2026-05-262026-06-01open ↗4Period ending 2026-05-262026-06-01open ↗4Period ending 2026-05-262026-06-01open ↗4Period ending 2026-05-262026-06-01open ↗8-KPeriod ending 2026-05-262026-05-27open ↗4/APeriod ending 2026-05-202026-05-26open ↗4Period ending 2026-05-202026-05-21open ↗4Period ending 2026-05-192026-05-21open ↗4Period ending 2026-05-142026-05-18open ↗4Period ending 2026-05-142026-05-18open ↗SCHEDULE 13G/AFiling2026-05-04open ↗

Quality score

C-
ValueGrowthProfitHealthMom.
ValueC
GrowthA
ProfitabilityF
Financial healthC+
Momentum—
  • ✓Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
Revenue
$146M
+14.3% YoY
Net margin
-17.6%
ROE
-30.8%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$146M+14.3%
Net income-$25.6M+47.2%
Gross profit$88.8M+28.0%
Operating income-$23.6M+49.0%
Diluted EPS-$0.46+58.6%
Cash & equivalents$29.2M-36.3%
Total assets$192M+13.8%
Total liabilities$109M+19.4%
Stockholders' equity$83.2M+7.2%
Gross: 60.9%Op.: -16.2%L/E: 1.31x

Frequently asked

Is Backblaze, Inc. (BLZE) a buy?
BLZE currently carries a Sell rating with 3/5 conviction, derived from its latest SEC filings. Revenue grew 14.3% YoY; but unprofitable (net margin -17.6%).
What is Backblaze, Inc.'s quality score?
BLZE scores 53.627450980392155/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001462056, latest 10-Q filed 2026-05-04) · EODHD · as of 6/24/2026, 12:33:58 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-05-26
NELSON BARBARA H
Director
Award19.3K
2026-05-26
Carter Miller Jocelyn
Director
Award19.3K
2026-05-26
FRY EARL E
Director
Award19.3K
2026-05-26
D An Evelyn
Director
Award19.3K
2026-05-20
Budman Gleb
CEO and Chairperson
Tax13.3K @ $7.43$98.5K
2026-05-20
Budman Gleb
CEO and Chairperson
Disposed (D)18.0K @ $7.43$134K
2026-05-20
Suidan Marc
Chief Financial Officer
Tax269.00 @ $7.43$2.00K
2026-05-20
Suidan Marc
Chief Financial Officer
Disposed (D)18.0K @ $7.43$134K
2026-05-19
Suidan Marc
Chief Financial Officer
Award2.50K @ $3.68$9.20K
2026-05-14
Budman Gleb
CEO and Chairperson
Tax3.83K @ $7.27$27.9K
2026-05-14
Suidan Marc
Chief Financial Officer
Tax2.56K @ $7.27$18.6K

Earnings history

beat/miss · move
2026-05-04Miss -8.9% est▲ +4.27%8-K ↗
2026-02-23Beat +16.0% est▼ -0.68%8-K ↗
2025-11-06Beat +51.8% est▼ -33.83%8-K ↗
2025-08-07Beat +28.5% est▲ +24.86%8-K ↗
2025-05-07—▲ +0.44%8-K ↗
2025-02-25—▼ -10.59%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Backblaze Stock Jumps on Huge CoreWeave AI Deal. The Bull Case Is Getting Stronger.Bullish
finance.yahoo.com· 2026-06-24
Backblaze (BLZE) Soars 43.6%: Is Further Upside Left in the Stock?Bullish
finance.yahoo.com· 2026-06-24
These Emerging Companies Are Racing Toward Major CatalystsBullish
globenewswire.com· 2026-06-23
Jim Cramer on Backblaze: “Solid Company, Just Not the Right Time”Bullish
finance.yahoo.com· 2026-06-15
Jim Cramer found a real AI storage play, then told you not to buy itBullish
finance.yahoo.com· 2026-06-11
Backblaze Sees AI Boom Fueling Cloud Storage Demand and Neocloud DealsBullish
finance.yahoo.com· 2026-06-06

Vs tracked universe

compare →

1043 tracked peers · median

EDGAR Score54 vs 67
Revenue growth14.3% vs 7.1%
Net margin-17.6% vs 10.5%
Return on equity-30.8% vs 12.3%
P/E— vs 25.5

News sentiment

EODHD · 12d
Bullish
+0.17
vs typical · 15 articles

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.