Backblaze, Inc.

NasdaqGM:BLZE Stock Report

Market Cap: US$304.9m

Backblaze Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Gleb Budman

Chief executive officer

US$614.2k

Total compensation

CEO salary percentage85.5%
CEO tenure18yrs
CEO ownership3.3%
Management average tenure2.1yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

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?

Companies Like Backblaze (NASDAQ:BLZE) Are In A Position To Invest In Growth

Oct 06
Companies Like Backblaze (NASDAQ:BLZE) Are In A Position To Invest In Growth

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

Aug 12
Backblaze, Inc. (NASDAQ:BLZE) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Backblaze: Far From Black Numbers

May 25

Companies Like Backblaze (NASDAQ:BLZE) Can Afford To Invest In Growth

May 08
Companies Like Backblaze (NASDAQ:BLZE) Can Afford To Invest In Growth

CEO Compensation Analysis

How has Gleb Budman's remuneration changed compared to Backblaze's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$46m

Jun 30 2024n/an/a

-US$50m

Mar 31 2024n/an/a

-US$54m

Dec 31 2023US$614kUS$525k

-US$60m

Sep 30 2023n/an/a

-US$62m

Jun 30 2023n/an/a

-US$59m

Mar 31 2023n/an/a

-US$56m

Dec 31 2022US$467kUS$421k

-US$51m

Sep 30 2022n/an/a

-US$47m

Jun 30 2022n/an/a

-US$40m

Mar 31 2022n/an/a

-US$31m

Dec 31 2021US$431kUS$421k

-US$22m

Sep 30 2021n/an/a

-US$16m

Jun 30 2021n/an/a

-US$11m

Mar 31 2021n/an/a

-US$10m

Dec 31 2020US$410kUS$400k

-US$7m

Compensation vs Market: Gleb's total compensation ($USD614.19K) is below average for companies of similar size in the US market ($USD2.14M).

Compensation vs Earnings: Gleb's compensation has increased whilst the company is unprofitable.

CEO

Gleb Budman (50 yo)

18yrs

Tenure

US$614,185

Compensation

Mr. Gleb Budman co-founded Backblaze Inc. and has been its Chief Executive Officer since 2007, Chairman since January 2021 and Director since 2009. Mr. Budman served as Senior Director of Product Managemen...

Leadership Team

NamePositionTenureCompensationOwnership
Gleb Budman
Co-Founder18yrsUS$614.19k3.33%
$ 10.2m
Tina Cessna
Senior Vice President of Engineeringno dataUS$858.69k0.081%
$ 248.4k
Tim Nufire
Co-Founderno datano datano data
Brian Wilson
Co-Founderno dataUS$467.22kno data
Casey Jones
Co-Founderno datano datano data
Hang Ng Kwok
Co-Founderno datano datano data
Nilay Patel
Co-Founderno datano datano data
Damon Uyeda
Co-Founderno datano datano data
Marc Suidan
Chief Financial Officerless than a yearno datano data
Anu Patil
Vice President of Revenue Strategy & Operations2yrsno datano data
Brian Beach
Chief Technology Officer2.2yrsno datano data
James Kisner
Vice President of Investor Relationsno datano datano data

2.1yrs

Average Tenure

57yo

Average Age

Experienced Management: BLZE's management team is considered experienced (2.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Gleb Budman
Co-Founder16yrsUS$614.19k3.33%
$ 10.2m
Earl Fry
Independent Director3.4yrsUS$205.00k0.11%
$ 320.2k
Barbara Nelson
Independent Director4.3yrsUS$203.00k0.082%
$ 251.3k
Jocelyn Carter-Miller
Lead Independent Director4.3yrsUS$226.00k0.11%
$ 347.6k
Igor Shoifot
Observer to the Boardno datano datano data
Evelyn D'An
Independent Director3.4yrsUS$211.00k0.11%
$ 320.2k

4.3yrs

Average Tenure

65yo

Average Age

Experienced Board: BLZE's board of directors are considered experienced (4.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 22:56
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Backblaze, Inc. is covered by 8 analysts. 7 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
Jeffrey Van RheeCraig-Hallum Capital Group LLC