(BLZE) Backblaze - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US05637B1052
Stock: Cloud Storage, Computer Backup
Total Rating 19
Risk 38
Buy Signal -1.64
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 65.4% |
| Relative Tail Risk | -16.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.30 |
| Alpha | -56.78 |
| Character TTM | |
|---|---|
| Beta | 1.530 |
| Beta Downside | 1.405 |
| Drawdowns 3y | |
|---|---|
| Max DD | 66.19% |
| CAGR/Max DD | -0.13 |
Description: BLZE Backblaze December 31, 2025
Backblaze Inc. (NASDAQ: BLZE) operates a cloud-storage platform that delivers low-cost, web-scale object storage (B2) and automated computer-backup SaaS to consumers, SMBs, and enterprises, leveraging commodity hardware and a software-defined infrastructure to serve public, hybrid, and multi-cloud workloads, as well as edge, security, media, and IoT use cases.
Key recent metrics: Q4 2023 revenue reached $115 million, up ≈ 14 % YoY, driven largely by a 30 % YoY increase in B2 storage volume; the company reported a 97 % gross margin on storage services and a churn rate of ≈ 3 % for its backup SaaS, indicating strong product stickiness. Macro-level, the sector is being propelled by exploding data-creation rates (global data volume projected to hit 180 ZB by 2025) and heightened ransomware activity, both of which boost demand for affordable, resilient storage and backup solutions.
For a deeper quantitative breakdown of Backblaze’s valuation metrics, see the ValueRay analysis.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: -34.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 6.43 > 1.0 |
| NWC/Revenue: 4.02% < 20% (prev -22.27%; Δ 26.30% < -1%) |
| CFO/TA 0.09 > 3% & CFO 16.4m > Net Income -34.6m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (57.0m) vs 12m ago 30.94% < -2% |
| Gross Margin: 59.12% > 18% (prev 0.54%; Δ 5858 % > 0.5%) |
| Asset Turnover: 86.56% > 50% (prev 89.97%; Δ -3.41% > 0%) |
| Interest Coverage Ratio: -8.49 > 6 (EBITDA TTM -4.51m / Interest Expense TTM 3.63m) |
Altman Z'' -6.84
| A: 0.03 (Total Current Assets 65.0m - Total Current Liabilities 59.3m) / Total Assets 191.5m |
| B: -1.13 (Retained Earnings -216.2m / Total Assets 191.5m) |
| C: -0.19 (EBIT TTM -30.9m / Avg Total Assets 163.9m) |
| D: -1.99 (Book Value of Equity -216.2m / Total Liabilities 108.7m) |
| Altman-Z'' Score: -6.84 = D |
Beneish M -3.57
| DSRI: 0.86 (Receivables 6.86m/6.90m, Revenue 141.9m/122.6m) |
| GMI: 0.91 (GM 59.12% / 53.86%) |
| AQI: 0.69 (AQ_t 0.24 / AQ_t-1 0.35) |
| SGI: 1.16 (Revenue 141.9m / 122.6m) |
| TATA: -0.27 (NI -34.6m - CFO 16.4m) / TA 191.5m) |
| Beneish M-Score: -3.57 (Cap -4..+1) = AAA |
What is the price of BLZE shares?
As of February 07, 2026, the stock is trading at USD 4.10 with a total of 713,465 shares traded.
Over the past week, the price has changed by -9.89%, over one month by -20.70%, over three months by -33.66% and over the past year by -34.92%.
Over the past week, the price has changed by -9.89%, over one month by -20.70%, over three months by -33.66% and over the past year by -34.92%.
Is BLZE a buy, sell or hold?
Backblaze has received a consensus analysts rating of 4.83.
Therefore, it is recommended to buy BLZE.
- StrongBuy: 5
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the BLZE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10.1 | 145.4% |
| Analysts Target Price | 10.1 | 145.4% |
| ValueRay Target Price | 4 | -1.7% |
BLZE Fundamental Data Overview February 03, 2026
P/E Forward = 588.2353
P/S = 1.85
P/B = 3.1649
Revenue TTM = 141.9m USD
EBIT TTM = -30.9m USD
EBITDA TTM = -4.51m USD
Long Term Debt = 2.45m USD (from longTermDebt, last quarter)
Short Term Debt = 20.2m USD (from shortTermDebt, last quarter)
Debt = 64.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 35.1m USD (from netDebt column, last quarter)
Enterprise Value = 276.3m USD (262.4m + Debt 64.1m - CCE 50.3m)
Interest Coverage Ratio = -8.49 (Ebit TTM -30.9m / Interest Expense TTM 3.63m)
EV/FCF = 27.84x (Enterprise Value 276.3m / FCF TTM 9.93m)
FCF Yield = 3.59% (FCF TTM 9.93m / Enterprise Value 276.3m)
FCF Margin = 7.00% (FCF TTM 9.93m / Revenue TTM 141.9m)
Net Margin = -24.37% (Net Income TTM -34.6m / Revenue TTM 141.9m)
Gross Margin = 59.12% ((Revenue TTM 141.9m - Cost of Revenue TTM 58.0m) / Revenue TTM)
Gross Margin QoQ = 62.08% (prev 63.48%)
Tobins Q-Ratio = 1.44 (Enterprise Value 276.3m / Total Assets 191.5m)
Interest Expense / Debt = 1.46% (Interest Expense 934.0k / Debt 64.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = -24.4m (EBIT -30.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.10 (Total Current Assets 65.0m / Total Current Liabilities 59.3m)
Debt / Equity = 0.77 (Debt 64.1m / totalStockholderEquity, last quarter 82.8m)
Debt / EBITDA = -7.76 (negative EBITDA) (Net Debt 35.1m / EBITDA -4.51m)
Debt / FCF = 3.53 (Net Debt 35.1m / FCF TTM 9.93m)
Total Stockholder Equity = 79.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -21.10% (Net Income -34.6m / Total Assets 191.5m)
RoE = -43.51% (Net Income TTM -34.6m / Total Stockholder Equity 79.5m)
RoCE = -37.67% (EBIT -30.9m / Capital Employed (Equity 79.5m + L.T.Debt 2.45m))
RoIC = -30.44% (negative operating profit) (NOPAT -24.4m / Invested Capital 80.1m)
WACC = 9.51% (E(262.4m)/V(326.6m) * Re(11.55%) + D(64.1m)/V(326.6m) * Rd(1.46%) * (1-Tc(0.21)))
Discount Rate = 11.55% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 22.04%
[DCF Debug] Terminal Value 63.72% ; FCFF base≈9.93m ; Y1≈6.52m ; Y5≈2.97m
Fair Price DCF = 0.19 (EV 46.1m - Net Debt 35.1m = Equity 11.1m / Shares 57.7m; r=9.51% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 88.06 | EPS CAGR: 48.73% | SUE: -0.19 | # QB: 0
Revenue Correlation: 99.30 | Revenue CAGR: 20.10% | SUE: 0.69 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.01 | Chg30d=-0.005 | Revisions Net=+2 | Analysts=7
EPS next Year (2026-12-31): EPS=0.03 | Chg30d=-0.021 | Revisions Net=+2 | Growth EPS=+303.2% | Growth Revenue=+10.4%
P/S = 1.85
P/B = 3.1649
Revenue TTM = 141.9m USD
EBIT TTM = -30.9m USD
EBITDA TTM = -4.51m USD
Long Term Debt = 2.45m USD (from longTermDebt, last quarter)
Short Term Debt = 20.2m USD (from shortTermDebt, last quarter)
Debt = 64.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 35.1m USD (from netDebt column, last quarter)
Enterprise Value = 276.3m USD (262.4m + Debt 64.1m - CCE 50.3m)
Interest Coverage Ratio = -8.49 (Ebit TTM -30.9m / Interest Expense TTM 3.63m)
EV/FCF = 27.84x (Enterprise Value 276.3m / FCF TTM 9.93m)
FCF Yield = 3.59% (FCF TTM 9.93m / Enterprise Value 276.3m)
FCF Margin = 7.00% (FCF TTM 9.93m / Revenue TTM 141.9m)
Net Margin = -24.37% (Net Income TTM -34.6m / Revenue TTM 141.9m)
Gross Margin = 59.12% ((Revenue TTM 141.9m - Cost of Revenue TTM 58.0m) / Revenue TTM)
Gross Margin QoQ = 62.08% (prev 63.48%)
Tobins Q-Ratio = 1.44 (Enterprise Value 276.3m / Total Assets 191.5m)
Interest Expense / Debt = 1.46% (Interest Expense 934.0k / Debt 64.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = -24.4m (EBIT -30.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.10 (Total Current Assets 65.0m / Total Current Liabilities 59.3m)
Debt / Equity = 0.77 (Debt 64.1m / totalStockholderEquity, last quarter 82.8m)
Debt / EBITDA = -7.76 (negative EBITDA) (Net Debt 35.1m / EBITDA -4.51m)
Debt / FCF = 3.53 (Net Debt 35.1m / FCF TTM 9.93m)
Total Stockholder Equity = 79.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -21.10% (Net Income -34.6m / Total Assets 191.5m)
RoE = -43.51% (Net Income TTM -34.6m / Total Stockholder Equity 79.5m)
RoCE = -37.67% (EBIT -30.9m / Capital Employed (Equity 79.5m + L.T.Debt 2.45m))
RoIC = -30.44% (negative operating profit) (NOPAT -24.4m / Invested Capital 80.1m)
WACC = 9.51% (E(262.4m)/V(326.6m) * Re(11.55%) + D(64.1m)/V(326.6m) * Rd(1.46%) * (1-Tc(0.21)))
Discount Rate = 11.55% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 22.04%
[DCF Debug] Terminal Value 63.72% ; FCFF base≈9.93m ; Y1≈6.52m ; Y5≈2.97m
Fair Price DCF = 0.19 (EV 46.1m - Net Debt 35.1m = Equity 11.1m / Shares 57.7m; r=9.51% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 88.06 | EPS CAGR: 48.73% | SUE: -0.19 | # QB: 0
Revenue Correlation: 99.30 | Revenue CAGR: 20.10% | SUE: 0.69 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.01 | Chg30d=-0.005 | Revisions Net=+2 | Analysts=7
EPS next Year (2026-12-31): EPS=0.03 | Chg30d=-0.021 | Revisions Net=+2 | Growth EPS=+303.2% | Growth Revenue=+10.4%