Stock Analysis
Backblaze, Inc. Class A Common StockBLZE
Sector: Technology · Industry: Services-Prepackaged Software
AnalystsStrong Buy13 analystsPrice is 31% of the way from the year's low to its high.
Cash covers 56% of debt · Q2 2024.
PMP Verdict
Weak fundamentals, expensive
Risks
- Valuation52
- Profitability0
Weak fundamentals at a demanding price.
Market context
-13.2% today· Z 2.2σ· RVOL 1.7×
Bull Case
- ✓Revenue CAGR 21.2% — durable top-line growth
What's happening with BLZE
Profile
profitability, financial health, growth, moat and earnings quality lag behind.
How is each axis scored?
- Valuation52/100 · Moderate
- P/E vs own history (n/a)10/25
- FCF yield (4.4%)12/25
- P/S (3.5x)20/25
- EV/EBIT (n/a)10/25
- Growth25/100 · Weak
- Revenue CAGR (21.2%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (n/a)0/25
- Profitability0/100 · Weak
- ROIC (-43.5%)0/25
- ROE (-24.5%)0/25
- Net margin (-13.1%)0/25
- Operating margin (-11.2%)0/25
- Financial Health15/100 · Weak
- Altman Z (1.45)3/25
- Current ratio (1.07)12/25
- Interest coverage (-11.4x)0/25
- Net cash / debt (n/a)0/25
- Quality46/100 · Weak
- Piotroski F (5/9)15/25
- Beneish M (-3.67)25/25
- FCF conversion (n/a)0/25
- Margin stability (σ 19.0%)6/25
- Moat25/100 · Weak
- ROIC >12% years (0/4 yrs)0/25
- Median gross margin (51.5%)20/25
- FCF-positive years (2/5 yrs)5/25
- Worst-year net margin (worst -60.4%)0/25
Risk Flags
- ⚠Altman Z 1.4 — distress-zone balance sheet
- ⚠SBC 17.8% of revenue — real dilution cost
- ⚠5 loss-making years in recent history
- ⚠Interest coverage -11.4× — thin debt cushion
About Backblaze, Inc. Class A Common Stock
Backblaze Inc offers a cloud storage platform designed to help businesses and consumers store, use, and protect their data. Show more
The company delivers its services through the Backblaze Storage Cloud platform, a purpose-built, web-scale software architecture operating on commodity hardware. Backblaze's offerings include B2 Cloud Storage, an Infrastructure-as-a-Service (IaaS) solution, and Computer Backup, a Software-as-a-Service (SaaS) solution. Its customer base includes individuals, developers, MSPs, small and medium-sized businesses, and large enterprises across industries, academic institutions, government agencies, and other enterprises. Geographically, the company generates maximum revenue from its business in the United States, followed by the United Kingdom, Canada, and other markets.
Headquarters: SAN FRANCISCO, CA · Employees: 320 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
52CP/E (TTM)—
Price / TTM EPS (own statements)
P/FCF39.7xC
Grade C: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield4.4%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -21.7%–8.4% · 88th pct
P/S (TTM)3.45xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 1.3x–12.1x · 76th pct
EV/EBITDA—
Enterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales4.0xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E43.0xD
Grade D: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio6.49xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
0EROIC-43.5%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE-24.5%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA-10.2%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin-13.1%D
Grade D: LowNet Income / Revenue
Operating Margin-11.2%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin62.0%A
Grade A: PremiumGross Profit / Revenue
FCF Margin15.3%A
Grade A: HighFCF / Revenue
True FCF Margin-2.5%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
25ERevenue CAGR21.2%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth—
Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue17.8%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
15EAltman Z-Score1.45D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.07xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio0.93xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-11.4xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity0.53xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
46D+Piotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-3.67A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability19.0%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue3.1%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.78xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Budman Gleb Filed | Budman Gleb | SellOpen market sale | -12855 | |
Suidan Marc Filed | Suidan Marc | SellOpen market sale | -2110 | |
Budman Gleb Filed | Budman Gleb | SellDisposition | -11083 | |
Suidan Marc Filed | Suidan Marc | SellDisposition | -11083 | |
D An Evelyn Filed | D An Evelyn | Grant / award | +19.3K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
NELSON BARBARA H Filed | NELSON BARBARA H | Grant / award | +19.3K | |
FRY EARL E Filed | FRY EARL E | Grant / award | +19.3K | |
Carter Miller Jocelyn Filed | Carter Miller Jocelyn | Grant / award | +19.3K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
25EROIC >12% Years0/4 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)51.5%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years2/5 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-60.4%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)—
TTM net income per share (Finnhub fallback)
Cash / Share$0.81
Cash & short-term investments per share (Finnhub)
Book Value / Share$1.43
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$51.38M
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$83.22M
Shareholders' equity (book value)
Asset / Liability1.77xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$540.00M
Current Market Capitalization
Beta1.56C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Backblaze, Inc. Class A Common Stock (BLZE)
BLZE is down 13.22% at the last close. Piotroski F-Score of 5/9 indicates mixed fundamentals for Backblaze, Inc. Class A Common Stock. Altman Z-Score of 1.45 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -3.67 suggests a low likelihood of earnings manipulation.
- Revenue has compounded at roughly 21% annually — a strong growth profile.
- Backblaze, Inc. Class A Common Stock converts about 15% of revenue into free cash flow — strong cash generation.
- Interest coverage of -11.4× leaves little room for earnings shocks.
- Backblaze, Inc. Class A Common Stock posted a net loss in 5 of 5 available completed fiscal years (2021–2025).
See how BLZE ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all BLZE moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 8.54 | -13.87% | -2.41 |
| Oct 16 | After-hours | 8.65 | -12.71% | -2.17 |
| Oct 14 | Regular | 9.59 | -23.34% | -8.37 |
| Oct 14 | After-hours | 9.82 | -21.50% | -7.62 |
| Oct 8 | Regular | 12.99 | -5.43% | -2.12 |
Frequently Asked Questions about BLZE
What is the current Backblaze, Inc. Class A Common Stock (BLZE) stock price?
BLZE is trading at $8.60 at the last market close, down 13.22% on the session. PreMarketPrice tracks BLZE pre-market, intraday and after-hours prices.
Is BLZE stock a buy right now?
PreMarketPrice's quantitative model rates Backblaze, Inc. Class A Common Stock's financial health at 15/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is BLZE stock overvalued?
Backblaze, Inc. Class A Common Stock trades at a trailing P/E of n/a and our valuation score rates it 52/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Backblaze, Inc. Class A Common Stock report earnings?
No confirmed earnings date is currently scheduled for BLZE. The Earnings section lists recent reports and updates as dates are announced.
What sector does Backblaze, Inc. Class A Common Stock operate in?
Backblaze, Inc. Class A Common Stock operates in the Technology sector, within the Services-Prepackaged Software industry. The Related Stocks section lists sector peers for comparison.
What does Backblaze, Inc. Class A Common Stock do?
Backblaze Inc offers a cloud storage platform designed to help businesses and consumers store, use, and protect their data.
About Backblaze, Inc. Class A Common Stock (BLZE) Stock
Backblaze, Inc. Class A Common Stock (BLZE) is a US-listed stock operating in the Technology sector, specifically the Services-Prepackaged Software industry. As of the latest update, Backblaze, Inc. Class A Common Stock is trading at $8.60, down 13.22% on the day with a market capitalization of $540 million. The financial health score for BLZE is 15/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for BLZE stock.
BLZE Stock Analysis & Key Metrics
On PreMarketPrice, you can track Backblaze, Inc. Class A Common Stock (BLZE) across multiple dimensions:
- Pre-market price & movement: Real-time BLZE stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for BLZE with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Backblaze, Inc. Class A Common Stock across multiple reporting periods.
- Financial health score: A composite score of 15/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for BLZE.
- Sector peers: Compare BLZE against 6 other technology stocks on key financial metrics.
Is BLZE a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Backblaze, Inc. Class A Common Stock (BLZE) as an investment. The financial health score of 15/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Backblaze, Inc. Class A Common Stock (BLZE) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.