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Technology - Software - Infrastructure - NASDAQ - US
$ 5.0
-1.57 %
$ 274 M
Market Cap
-4.95
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one BLZE stock under the worst case scenario is HIDDEN Compared to the current market price of 5 USD, Backblaze, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one BLZE stock under the base case scenario is HIDDEN Compared to the current market price of 5 USD, Backblaze, Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one BLZE stock under the best case scenario is HIDDEN Compared to the current market price of 5 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$4.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
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%
34.6 M REVENUE
2.45%
-8.92 M OPERATING INCOME
35.23%
-9.32 M NET INCOME
35.15%
4.94 M OPERATING CASH FLOW
121.36%
-6.13 M INVESTING CASH FLOW
-106.62%
-3.98 M FINANCING CASH FLOW
-13.20%
Balance Sheet Backblaze, Inc.
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Current Assets 65.7 M
Cash & Short-Term Investments 54.9 M
Receivables 6.04 M
Other Current Assets 4.79 M
Non-Current Assets 103 M
Long-Term Investments 0
PP&E 58.8 M
Other Non-Current Assets 44 M
32.58 %3.58 %2.84 %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 52 M
Other Non-Current Liabilities -20.8 M
22.38 %41.78 %57.15 %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 60.00%
BLZE Average Price Target Wall Street Target
9.67 USD 93.33%
BLZE Highest Price Target Wall Street Target
11 USD 120.00%
Price
Max Price Target
Min Price Target
Average Price Target
11111010998877665544Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 15
6. Ownership
Insider Ownership Backblaze, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
102 K USD 3
6-9 MONTHS
123 K USD 2
9-12 MONTHS
401 K USD 4
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
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE NEW YORK , June 17, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. prnewswire.com - 2 weeks ago
Backblaze Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights NEW YORK, June 15, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. globenewswire.com - 2 weeks ago
ROSEN, LEADING INVESTOR COUNSEL, Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE NEW YORK CITY, NY / ACCESS Newswire / June 13, 2025 / WHY: New York, N.Y., June 13, 2025. accessnewswire.com - 3 weeks ago
BLZE Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. globenewswire.com - 3 weeks ago
Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE NEW YORK , June 9, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. So What: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. prnewswire.com - 3 weeks ago
BLZE Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights NEW YORK, June 08, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. globenewswire.com - 3 weeks ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE NEW YORK , June 7, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Backblaze, Inc. ("Backblaze" or the "Company") (NASDAQ: BLZE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. prnewswire.com - 4 weeks ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Backblaze, Inc. (“Backblaze” or the “Company”) (NASDAQ: BLZE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. globenewswire.com - 4 weeks ago
Backblaze Helps Media Post-Production Leader IDC LA Slash Cloud Storage Costs 75% While Accelerating Client Delivery SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #ActiveArchive--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced their customer IDC LA was able to achieve a 75% reduction in cost by leveraging Backblaze B2 Cloud Storage as their primary off-site backup solution. IDC LA needed a scalable, secure, and cost-effective solution for disaster recovery and nearline storage. Their prior cloud vendor was expensive and inflexible, creating chal. businesswire.com - 4 weeks ago
BLZE Investor News: If You Have Suffered Losses in Backblaze, Inc. (NASDAQ: BLZE), You Are Encouraged to Contact The Rosen Law Firm About Your Rights NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public. globenewswire.com - 4 weeks ago
Backblaze Further Strengthens Financial Position With New Credit Facility SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, today announced the successful closing of a senior secured revolving credit facility in an aggregate principal amount of up to $20.0 million (the “Credit Facility”), of which an aggregate amount of up to $3.0 million will be available through a letter of credit sub facility, with Citizens Bank, N.A. (“Citizens”). Backblaze enters into the. businesswire.com - 4 weeks ago
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE NEW YORK CITY, NY / ACCESS Newswire / June 4, 2025 / Pomerantz LLP is investigating claims on behalf of investors of Backblaze, Inc.("Backblaze" or the "Company") (NASDAQ:BLZE). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. accessnewswire.com - 1 month ago
8. Profile Summary

Backblaze, Inc. BLZE

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COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 274 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. Hang Ng Kwok Co-Founder Mr. Nilay Patel Co-Founder Mr. Casey Jones Co-Founder Mr. Damon Uyeda Co-Founder Mr. Brian Wilson Co-Founder Mr. Gleb Budman Co-Founder, Chief Executive Officer & Chairman Mr. Marc Suidan CPA Chief Financial Officer Ms. Tina Cessna Senior Vice President of Engineering Mr. Tim Nufire Co-Founder Ms. Anu Patil Vice President of Revenue Strategy & Operations