Backblaze, Inc.
BLZE Nasdaq· Services-Prepackaged Software
Last close · Oct 23, 2026
$8.34
KIRA · Stoqly’s AI analyst, in plain words
- Backblaze, Inc. had $146M of revenue in fiscal 2025, up 14.3% on the year before. Over five years, revenue changed +22.1% a year on average.
- Its operating margin was −16.2%, up 20.1 pts: of every 100 in sales, about −16 is left after running the business.
- Backblaze, Inc. lost $25.6M in fiscal 2025.
- Free cash flow was $18.9M in fiscal 2025, 12.9% of revenue.
- Backblaze, Inc. returned $2.0M to shareholders in fiscal 2025, 11% of free cash flow. The diluted share count rose 29.1%.
Market cap
$507M
P/E
—
Revenue
$146M
Net income
−$25.6M
Free cash flow
$18.9M
Operating margin
−16.2%
Backblaze, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+14.3%
Yes. Sales grew 14.3% last year.
Does it make a profit?
−17.6%
No. It lost money last year.
Does profit turn into cash?
12.9%
Yes. 12.9% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Backblaze, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 10, 2026
- Legal name
- Backblaze, Inc.
- CIK
- 0001462056
Backblaze, Inc. · BLZE
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $67.5M | $85.2M | $102M | $128M | $146M |
| Revenue growth | 25.5% | 26.2% | 19.8% | 25.1% | 14.3% |
| Gross margin | 50.9% | 51.5% | 48.9% | 54.3% | 60.9% |
| Operating margin | −27.9% | −56.5% | −56.8% | −36.3% | −16.2% |
| Net income | −$21.7M | −$51.4M | −$59.7M | −$48.5M | −$25.6M |
| Net margin | −32.2% | −60.4% | −58.5% | −38.0% | −17.6% |
| Diluted EPS | −$1.07 | −$1.62 | −$1.66 | −$1.11 | −$0.46 |
| Cash | |||||
| Cash from operations | $3.5M | −$13.8M | −$7.4M | $12.5M | $23.5M |
| Capital expenditure | $7.6M | $7.3M | $5.5M | $1.7M | $4.7M |
| Free cash flow | −$4.0M | −$21.1M | −$12.9M | $10.8M | $18.9M |
| FCF margin | −6.0% | −24.8% | −12.6% | 8.5% | 12.9% |
| Share buybacks | — | — | $0.0M | $0.0M | $2.0M |
| Share count change | 9.3% | 55.6% | 13.7% | 20.9% | 29.1% |
| Debt and strength | |||||
| Cash and short-term investments | $105M | $65.4M | $29.3M | $54.9M | $51.4M |
| Debt incl. finance leases | $0.0M | $31.2M | — | — | — |
| Shareholders' equity | $95.5M | $68.7M | $44.9M | $77.6M | $83.2M |
| Current ratio | 2.5x | 1.3x | 0.7x | 1.1x | 1.1x |
| Interest coverage | −5.1x | −11.2x | −15.3x | −12.7x | −6.1x |
| Returns and quality | |||||
| Return on capital | — | −1,143.1% | — | — | — |
| Return on equity | −49.0% | −62.6% | −105.0% | −79.2% | −31.8% |
| Return on tangible equity | −22.7% | −74.8% | −132.9% | −62.5% | −60.4% |
| Piotroski F-score | 4 | 3 | 2 | 5 | 5 |
| Altman Z'' | 2.6 | −2.4 | −7.0 | −4.5 | −3.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.2M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Backblaze, Inc. · BLZE
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $8.34 a share, the company is worth $507M.
Source: SEC EDGAR XBRL filings (CIK 0001462056). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.