Backblaze, Inc.

Backblaze, Inc.

BLZEยทNASDAQ

$7.95

-11%
TechnologySoftware - Infrastructure

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. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as backups, multi-cloud, application development, and ransomware protection. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.

At a Glance

Live Snapshot
Market Cap$477.12M
EPS-0.4600
P/E Ratio-17.28
Earnings Date08/06/2026
Backblaze, Inc.

Backblaze, Inc. Fair Value Envelope

BLZE ยท NASDAQ

Our analysis suggests that BLZE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $7.95, this represents a potential HIDDEN relative to our calculated worth for Backblaze, Inc..

Intrinsic Value
Current Price: $7.95

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$54.1B
+ Cash & Equivalents$29.2M
Firm Value$54.2B
- Debt$81.8M
Equity Value$54.1B
/ Shares Outstanding56,470,391B
DCF Value$958
UNDERVALUED BY 11947%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$41.1M
$71.8M
$125.4M
$219.0M
$382.4M
$667.8M
$1.2B
$2.0B
$3.6B
$6.2B
Maintenance CapEx
-$1.6M
-$2.9M
-$5.0M
-$8.7M
-$15.2M
-$26.6M
-$46.5M
-$81.2M
-$141.8M
-$247.7M
Owner Earnings
$39.5M
$68.9M
$120.4M
$210.2M
$367.2M
$641.2M
$1.1B
$2.0B
$3.4B
$6.0B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$36.6M
$59.1M
$95.6M
$154.5M
$249.9M
$404.1M
$653.3M
$1.1B
$1.7B
$2.8B
Terminal Value represents 86.7% of Enterprise Value