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Technology - Software - Infrastructure - NASDAQ - US
$ 4.42
-2 %
$ 240 M
Market Cap
-3.98
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BLZE stock under the worst case scenario is HIDDEN Compared to the current market price of 4.42 USD, Backblaze, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BLZE stock under the base case scenario is HIDDEN Compared to the current market price of 4.42 USD, Backblaze, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one BLZE stock under the best case scenario is HIDDEN Compared to the current market price of 4.42 USD, Backblaze, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BLZE

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$8.0$8.0$7.5$7.5$7.0$7.0$6.5$6.5$6.0$6.0$5.5$5.5$5.0$5.0$4.5$4.5$4.0$4.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
128 M REVENUE
25.10%
-46.3 M OPERATING INCOME
20.06%
-48.5 M NET INCOME
18.73%
12.5 M OPERATING CASH FLOW
270.14%
-6.13 M INVESTING CASH FLOW
-28.31%
22.8 M FINANCING CASH FLOW
357.54%
33.8 M REVENUE
3.67%
-13.8 M OPERATING INCOME
-12.90%
-14.4 M NET INCOME
100.00%
2.23 M OPERATING CASH FLOW
-51.76%
5.75 M INVESTING CASH FLOW
182.87%
30.2 M FINANCING CASH FLOW
851.74%
Balance Sheet Backblaze, Inc.
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Current Assets 65.7 M
Cash & Short-Term Investments 45.8 M
Receivables 1.83 M
Other Current Assets 18.1 M
Non-Current Assets 103 M
Long-Term Investments 0
PP&E 58.8 M
Other Non-Current Assets 44 M
27.16 %10.76 %34.90 %26.10 %Total Assets$168.6m
Current Liabilities 59.8 M
Accounts Payable 1.46 M
Short-Term Debt 20.4 M
Other Current Liabilities 38 M
Non-Current Liabilities 31.1 M
Long-Term Debt 26 M
Other Non-Current Liabilities 5.15 M
22.38 %41.78 %28.58 %5.66 %Total Liabilities$90.9m
EFFICIENCY
Earnings Waterfall Backblaze, Inc.
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Revenue 128 M
Cost Of Revenue 58.3 M
Gross Profit 69.3 M
Operating Expenses 116 M
Operating Income -46.3 M
Other Expenses 2.24 M
Net Income -48.5 M
140m140m120m120m100m100m80m80m60m60m40m40m20m20m00(20m)(20m)(40m)(40m)(60m)(60m)128m(58m)69m(116m)(46m)(2m)(49m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
54.33% GROSS MARGIN
54.33%
-36.27% OPERATING MARGIN
-36.27%
-38.03% NET MARGIN
-38.03%
-62.52% ROE
-62.52%
-28.79% ROA
-28.79%
-35.86% ROIC
-35.86%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Backblaze, Inc.
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15m15m10m10m5m5m00(5m)(5m)(10m)(10m)(15m)(15m)(20m)(20m)(25m)(25m)(30m)(30m)202020202021202120222022202320232024202420252025
Net Income -48.5 M
Depreciation & Amortization 28.3 M
Capital Expenditures -1.71 M
Stock-Based Compensation 28.6 M
Change in Working Capital 200 K
Others 5.66 M
Free Cash Flow 10.8 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Backblaze, Inc.
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Wall Street analysts predict an average 1-year price target for BLZE of $9.67 , with forecasts ranging from a low of $8 to a high of $11 .
BLZE Lowest Price Target Wall Street Target
8 USD 81.00%
BLZE Average Price Target Wall Street Target
9.67 USD 118.70%
BLZE Highest Price Target Wall Street Target
11 USD 148.87%
Price
Max Price Target
Min Price Target
Average Price Target
11111010998877665544May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 15
6. Ownership
Insider Ownership Backblaze, Inc.
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Sold
0-3 MONTHS
102 K USD 3
3-6 MONTHS
123 K USD 2
6-9 MONTHS
401 K USD 4
9-12 MONTHS
162 K USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Backblaze and PureNodal Partner to Accelerate AI at Scale Delivering Cost-Effective, Enterprise-Grade Solutions for AI and HPC Workloads SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #AI--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a partnership with PureNodal, a next-generation cloud platform purpose-built for AI and high-performance compute (HPC) workloads. Together, the two companies will deliver an efficient, high-performance, and cost-effective solution for enterprise-scale workloads such as AI model training, data analytics, and media rendering. businesswire.com - 2 weeks ago
Backblaze Partners to Showcase Joint Solutions at NAB Show to Help Media Pros Discover Newest Workflows with Cloud, AI, and More for Optimizing Production and Delivery SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Cloud--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced a series of technology and channel partner showcases for the media professionals attending the National Association of Broadcasters (NAB) Show. These are designed to help them learn about Backblaze and partner solutions, including the latest in workflow and AI technologies to better produce, protect, distribute, and stream. businesswire.com - 3 weeks ago
Backblaze and CHESA Double Down on Enabling Creativity for Media and Entertainment Workflows SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #CHESA--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced they are doubling down on their relationship with CHESA to elevate creative workflows with a joint go-to-market partnership. Backblaze and CHESA empower media and entertainment (M&E) professionals by pairing Backblaze's scalable, cost-effective cloud storage with CHESA's world-class expertise in media workflow design. businesswire.com - 1 month ago
Backblaze Selects Cologix to Expand Delivery of High-Performance Cloud Storage Solutions Collaboration accelerates cloud storage delivery that is compliant with data sovereignty requirements in Canada Collaboration accelerates cloud storage delivery that is compliant with data sovereignty requirements in Canada globenewswire.com - 1 month ago
Backblaze to Present at the Citizens JMP Technology Conference SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced participation in the following investor conference: Citizens JMP Technology Conference, San Francisco, CA. Marc Suidan, CFO at Backblaze, is presenting on Tuesday, March 4, 2025, at 1:30 p.m. Pacific Time. The presentation will be webcast. Links to the live and archived webcast will be available on Backblaze's investor rel. businesswire.com - 1 month ago
Backblaze: As B2 Cloud Storage Accelerates, This Stock Can Rally Fiercely Backblaze is a promising investment due to AI-driven revenue growth, robust Q4 results, and a strategic sales overhaul boosting its B2 cloud storage business. The company is expecting B2 cloud storage revenue to accelerate consistently as it moves through FY25, a testament to strong secular tailwinds and better sales execution. BLZE balances growth and profitability, maintaining a mid-20s revenue growth pace and a ~10% adjusted EBITDA margin, with positive free cash flow expected in FY25. seekingalpha.com - 1 month ago
Backblaze, Inc. (BLZE) Q4 2024 Earnings Call Transcript Backblaze, Inc. (NASDAQ:BLZE ) Q4 2024 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Mimi Kong - Senior Director of Investor Relations and Corporate Development Gleb Budman - Chairman and Chief Executive Officer Marc Suidan - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Capital Group Ittai Kidron - Oppenheimer & Co., Inc. Simon Leopold - Raymond James & Associates, Inc. Jason Ader - William Blair & Company Maxwell Michaelis - Lake Street Capital Markets Ethan Widell - B. Riley Securities Operator Thank you for standing by. seekingalpha.com - 1 month ago
Backblaze, Inc. (BLZE) Reports Q4 Loss, Tops Revenue Estimates Backblaze, Inc. (BLZE) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.15 per share a year ago. zacks.com - 1 month ago
Backblaze (BLZE) Upgraded to Buy: Here's What You Should Know Backblaze (BLZE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. zacks.com - 1 month ago
Wall Street Analysts Believe Backblaze (BLZE) Could Rally 56.97%: Here's is How to Trade The average of price targets set by Wall Street analysts indicates a potential upside of 57% in Backblaze (BLZE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock. zacks.com - 1 month ago
Backblaze Achieves Best Estimated ROI, Fastest Implementation, Easiest To Use, Best Support, and Leader Awards in G2's Winter 2025 Report SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #BusinessLeader--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, was recognized as a Leader in G2's Winter 2025 Report, earning over 15 badges. In G2's Winter 2025 Report, Backblaze was recognized in the following categories: Object Storage Solutions for Best Estimated ROI Object Storage Solutions and Storage Management for Fastest Implementation Easiest to Use High Performer Best Support Online Backup. businesswire.com - 2 months ago
Backblaze (BLZE) Stock Jumps 10.5%: Will It Continue to Soar? Backblaze (BLZE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. zacks.com - 2 months ago
8. Profile Summary

Backblaze, Inc. BLZE

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 240 M
Dividend Yield 0.00%
Description 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.
Contact 500 Ben Franklin Ct, San Mateo, CA, 94401 https://www.backblaze.com
IPO Date Nov. 11, 2021
Employees 346
Officers Mr. Brian Wilson Co-Founder Mr. Damon Uyeda Co-Founder Ms. Anu Patil Vice President of Revenue Strategy & Operations Mr. Gleb Budman Co-Founder, Chief Executive Officer & Chairman Mr. Nilay Patel Co-Founder Mr. Tim Nufire Co-Founder Mr. Casey Jones Co-Founder Mr. Marc Suidan CPA Chief Financial Officer Mr. Hang Ng Kwok Co-Founder Ms. Tina Cessna Senior Vice President of Engineering