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BLZE logo

Backblaze, Inc.NasdaqGM:BLZE Stock Report

Market Cap US$249.2m
Share Price
US$4.32
My Fair Value
n/a
1Y-30.9%
7D-12.4%
Portfolio Value
​
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Backblaze, Inc.

NasdaqGM:BLZE Stock Report

Market Cap: US$249.2m

Backblaze (BLZE) Stock Overview

A storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. More details

BLZE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 74.1% below our estimate of its fair value

Risk Analysis

Volatile share price over the past 3 months compared to the US market

Currently unprofitable and not forecast to become profitable over the next 3 years


BLZE Community Fair Values

Create Narrative

See what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.

BLZE logo
Backblaze

Exponential Data And AI Will Reinforce Global Cloud Dominance

Key Takeaways Exceptional growth in AI-driven storage demand and large enterprise deals is set to transform revenue potential and exceed current analyst expectations. Backblaze's proprietary cost-efficient architecture and strategic integrations position it for expanding margins, strong market share gains, and broader platform monetization.
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US$15.9
FV
72.8% undervalued intrinsic discount
15.73%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
BLZE logo
Backblaze

Concentrated AI Markets Will Squeeze Margins But Enable Resilience

Key Takeaways Heavy reliance on a few large AI-driven customers and intense competition from major cloud providers create risks for revenue stability and margin pressure. Expansion into international and premium markets offers growth, but increasing regulatory demands could raise compliance costs and limit profitability gains.
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US$8
FV
46.0% undervalued intrinsic discount
15.64%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
BLZE logo
Backblaze

Emerging AI Workloads Will Drive New Data Opportunities

Key Takeaways Surging AI-driven data demand and innovative high-value products are accelerating revenue growth, expanding margins, and improving customer acquisition and retention. Strategic enterprise focus, enhanced security features, and transparent pricing are boosting direct sales momentum, customer mix, and long-term profitability.
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US$10.55
FV
59.1% undervalued intrinsic discount
10.69%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
10users have followed this narrative
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Backblaze, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Backblaze
Historical stock prices
Current Share PriceUS$4.32
52 Week HighUS$10.86
52 Week LowUS$3.94
Beta1.24
1 Month Change-58.62%
3 Month Change-46.47%
1 Year Change-30.88%
3 Year Change6.67%
5 Year Changen/a
Change since IPO-78.29%

Recent News & Updates

Backblaze, Inc.'s (NASDAQ:BLZE) 39% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Nov 10
Backblaze, Inc.'s (NASDAQ:BLZE) 39% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Backblaze, Inc. (NASDAQ:BLZE) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Nov 08
Backblaze, Inc. (NASDAQ:BLZE) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Backblaze: Demand Surge Is Giving This Stock The Recognition It Deserves

Oct 13

Recent updates

Backblaze, Inc.'s (NASDAQ:BLZE) 39% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Nov 10
Backblaze, Inc.'s (NASDAQ:BLZE) 39% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Backblaze, Inc. (NASDAQ:BLZE) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Nov 08
Backblaze, Inc. (NASDAQ:BLZE) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Backblaze: Demand Surge Is Giving This Stock The Recognition It Deserves

Oct 13

What Backblaze, Inc.'s (NASDAQ:BLZE) 67% Share Price Gain Is Not Telling You

Sep 03
What Backblaze, Inc.'s (NASDAQ:BLZE) 67% Share Price Gain Is Not Telling You

Backblaze, Inc. (NASDAQ:BLZE) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Aug 10
Backblaze, Inc. (NASDAQ:BLZE) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Backblaze, Inc.'s (NASDAQ:BLZE) 26% Price Boost Is Out Of Tune With Revenues

May 22
Backblaze, Inc.'s (NASDAQ:BLZE) 26% Price Boost Is Out Of Tune With Revenues

Backblaze, Inc. (NASDAQ:BLZE) Just Released Its First-Quarter Earnings: Here's What Analysts Think

May 10
Backblaze, Inc. (NASDAQ:BLZE) Just Released Its First-Quarter Earnings: Here's What Analysts Think
User avatar

B2 Cloud And AI Pipelines Will Expand Market Opportunities

Expansion in B2 Cloud Storage and shift to enterprise customer focus could significantly boost revenue and sales productivity.

Slammed 26% Backblaze, Inc. (NASDAQ:BLZE) Screens Well Here But There Might Be A Catch

Mar 27
Slammed 26% Backblaze, Inc. (NASDAQ:BLZE) Screens Well Here But There Might Be A Catch

We're Not Worried About Backblaze's (NASDAQ:BLZE) Cash Burn

Mar 07
We're Not Worried About Backblaze's (NASDAQ:BLZE) Cash Burn

Backblaze: As B2 Cloud Storage Accelerates, This Stock Can Rally Fiercely

Mar 03

It's A Story Of Risk Vs Reward With Backblaze, Inc. (NASDAQ:BLZE)

Feb 08
It's A Story Of Risk Vs Reward With Backblaze, Inc. (NASDAQ:BLZE)

Backblaze: Great Value Buy Amid Sales Shake-Up

Dec 16

Revenues Tell The Story For Backblaze, Inc. (NASDAQ:BLZE) As Its Stock Soars 26%

Nov 07
Revenues Tell The Story For Backblaze, Inc. (NASDAQ:BLZE) As Its Stock Soars 26%

Is Backblaze (NASDAQ:BLZE) Using Debt Sensibly?

Oct 11
Is Backblaze (NASDAQ:BLZE) Using Debt Sensibly?

Backblaze: High Growth Software Stock Trading For Peanuts

Sep 27

It Is Time To Dip A Toe In Backblaze

Jul 04

Is Backblaze (NASDAQ:BLZE) A Risky Investment?

Jul 01
Is Backblaze (NASDAQ:BLZE) A Risky Investment?

Is It Time To Consider Buying Backblaze, Inc. (NASDAQ:BLZE)?

Jun 05
Is It Time To Consider Buying Backblaze, Inc. (NASDAQ:BLZE)?

Backblaze, Inc.'s (NASDAQ:BLZE) 26% Cheaper Price Remains In Tune With Revenues

May 10
Backblaze, Inc.'s (NASDAQ:BLZE) 26% Cheaper Price Remains In Tune With Revenues

Calculating The Fair Value Of Backblaze, Inc. (NASDAQ:BLZE)

Mar 15
Calculating The Fair Value Of Backblaze, Inc. (NASDAQ:BLZE)

Is It Time To Consider Buying Backblaze, Inc. (NASDAQ:BLZE)?

Feb 25
Is It Time To Consider Buying Backblaze, Inc. (NASDAQ:BLZE)?

Backblaze: Lacking A Competitive Offering As Losses Accumulate

Feb 09

Why Investors Shouldn't Be Surprised By Backblaze, Inc.'s (NASDAQ:BLZE) 28% Share Price Surge

Feb 07
Why Investors Shouldn't Be Surprised By Backblaze, Inc.'s (NASDAQ:BLZE) 28% Share Price Surge

Does Backblaze (NASDAQ:BLZE) Have A Healthy Balance Sheet?

Jan 25
Does Backblaze (NASDAQ:BLZE) Have A Healthy Balance Sheet?

Shareholder Returns

BLZEUS ITUS Market
7D-12.4%-2.1%-2.0%
1Y-30.9%9.1%9.4%

Return vs Industry: BLZE underperformed the US IT industry which returned 9.7% over the past year.

Return vs Market: BLZE underperformed the US Market which returned 9.4% over the past year.

Price Volatility

Is BLZE's price volatile compared to industry and market?
BLZE volatility
BLZE Average Weekly Movement12.4%
IT Industry Average Movement9.2%
Market Average Movement6.5%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market2.9%

Stable Share Price: BLZE's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: BLZE's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2007346Gleb Budmanwww.backblaze.com

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.

Backblaze, Inc. Fundamentals Summary

How do Backblaze's earnings and revenue compare to its market cap?
BLZE fundamental statistics
Market capUS$249.17m
Earnings (TTM)-US$34.58m
Revenue (TTM)US$141.86m
1.8x
P/S Ratio
-7.2x
P/E Ratio

Is BLZE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BLZE income statement (TTM)
RevenueUS$141.86m
Cost of RevenueUS$57.53m
Gross ProfitUS$84.33m
Other ExpensesUS$118.91m
Earnings-US$34.58m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.60
Gross Margin59.45%
Net Profit Margin-24.37%
Debt/Equity Ratio3.0%

How did BLZE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/23 09:01
End of Day Share Price 2025/11/21 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Backblaze, Inc. is covered by 12 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zachary CumminsB. Riley Securities, Inc.
Edward StaceyCavendish
Andrew Murray DarleyCavendish