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
3Y-271.0%
5Y+84.0%
10Y+78.0%
3Y-66.0%
5Y+410.0%
10Y+684.0%
3Y+138.0%
5Y+69.0%
10Y+91.0%
BLZE

Backblaze, Inc. Cash Conversion Engine

BLZE ยท NASDAQ
Net Income-25.61M
Depreciation & Amortization25.59M
Stock-Based Compensation26.44M
Change in Working Capital-9.31M
Others6.44M
Capital Expenditures-4.69M
Free Cash Flow18.85M

Cash Flow Quality Analysis

FCF Conversion Rate

-73.6%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

19.9%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+74.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$9.31M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Backblaze, Inc. Cash Flow Statement

BLZE โ€ข NASDAQ

Backblaze, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
OPERATING ACTIVITIES
-25.6M
-48.5M
-59.7M
-51.4M
-21.7M
-6.6M
-996K
25.6M
28.3M
24.9M
20.2M
16.3M
13M
9.3M
26.4M
28.6M
25.2M
17M
5.6M
1.9M
1.4M
6.4M
3.9M
2.7M
1.6M
-737K
706K
-184K
(0.0)
(54K)
(59K)
(31K)
(14K)
(11K)
(4K)
-9.3M
200K
-433K
-1.2M
4M
3.9M
3.7M
23.5M
12.5M
-7.4M
-13.8M
3.5M
12.8M
13.2M
INVESTING ACTIVITIES
-4.7M
-1.7M
-5.5M
-7.3M
-7.6M
-2.1M
-3.6M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(346K)
-39.5M
-38.1M
-26.4M
-145.9M
(0.0)
(0.0)
(0.0)
26.3M
45.7M
67.9M
88M
0.0
0.0
0.0
-7.4M
-12M
-14.3M
-8.6M
-3.6M
-2.8M
-1.7M
-25.3M
-6.1M
(21.7M)
-73.9M
-11.2M
-5M
-3.2M
FINANCING ACTIVITIES
5.9M
37.4M
0.0
0.0
107M
0.0
0.0
-18.8M
-23.6M
-15.2M
-12.2M
2.2M
-8.6M
-7.7M
-2M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1.9M
9M
6.4M
6M
-2.5M
-157K
0.0
-14.8M
22.8M
-8.8M
-6.2M
106.6M
-8.7M
-7.7M
CASH FLOW SUMMARY
-16.6M
29.1M
5.5M
-93.8M
98.9M
-902K
2.2M
45.8M
16.6M
11.2M
105M
6.1M
7M
4.7M
29.2M
45.8M
16.6M
11.2M
105M
6.1M
7M
18.9M
10.8M
-27.6M
-29.8M
-7.7M
7.8M
9.6M

SEC Filings

BLZE - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 27, 2026
May 26, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 04, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
May 04, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 15, 2026
May 26, 2026
2026
10-K

10-K 2025 FY

FY

March 10, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 23, 2026
February 23, 2026
2026
8-K

8-K 2025

N/A

November 06, 2025
November 06, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

August 07, 2025
August 07, 2025
2025
10-Q

10-Q 2025 Q2

Q2

August 07, 2025
June 30, 2025
2025
Showing 1 to 10 of 70 filings