Backblaze
BLZE
12.69
-0.30
-2.31%
Backblaze
US · BLZE
#3364 by market cap
Listed 2021
12.69
-0.30
-2.31%
Live - 5344 symbols - heartbeat 108s ago
· 2026-10-09 19:30
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.10, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 7 years
Latest year +14.27% YoY
Margins
- Gross margin
- 60.89%
- Operating margin
- -16.20%
- Net margin
- -17.56%
Key ratios & quality
- Altman Z-Scorei
- 3.10
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 40.75M | 53.78M | 67.48M | 85.16M | 102.02M | 127.63M | 145.84M |
| Gross profit | 20.62M | 27.98M | 34.34M | 43.86M | 49.86M | 69.34M | 88.79M |
| Selling & admin expenses | 11.24M | 18.65M | 32.60M | 58.87M | 68.24M | 73.53M | 66.31M |
| Research & development | 8.44M | 13.07M | 20.54M | 33.11M | 39.53M | 42.10M | 46.11M |
| Operating profit | 949.00K | -3.73M | -18.79M | -48.11M | -57.91M | -46.29M | -23.62M |
| Pretax profit | -980.00K | -6.62M | -21.61M | -51.44M | -59.71M | -48.53M | -25.53M |
| Tax | 16.00K | 5.00K | 96.00K | -39.00K | 0 | 6.00K | 84.00K |
| Net profit | -996.00K | -6.62M | -21.70M | -51.40M | -59.71M | -48.53M | -25.61M |
| Basic EPS | 0 | 0 | -1 | -2 | -2 | -1 | 0 |
| Diluted EPS | -0.05 | -0.30 | -1.07 | -1.62 | -1.66 | -1.11 | -0.46 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 34.61M | 36.30M | 37.16M | 37.76M | 38.67M | 42.71M |
| Gross profit | 19.26M | 23.04M | 23.07M | 23.43M | 23.53M | 26.83M |
| Selling & admin expenses | 16.17M | 17.40M | 15.16M | 16.95M | 17.60M | 20.01M |
| Research & development | 11.86M | 11.88M | 11.24M | 11.14M | 11.29M | 11.00M |
| Operating profit | -8.77M | -6.24M | -3.32M | -4.67M | -5.35M | -4.17M |
| Pretax profit | -9.24M | -7.10M | -3.78M | -5.41M | -6.12M | -5.05M |
| Tax | 84.00K | 0 | 0 | 0 | 28.00K | 40.00K |
| Net profit | -9.32M | -7.10M | -3.78M | -5.41M | -6.15M | -5.09M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.17 | -0.13 | -0.07 | -0.09 | -0.10 | -0.08 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total current assets | 9.08M | 9.23M | 111.08M | 74.40M | 38.51M | 65.75M | 65.69M |
| Cash & ST investments | 6.98M | 6.08M | 104.84M | 65.42M | 29.30M | 54.92M | 51.38M |
| Inventory | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 38.63M | 54.47M | 163.58M | 152.46M | 131.69M | 168.56M | 191.83M |
| Total current liabilities | 28.24M | 36.37M | 45.06M | 56.27M | 57.09M | 59.80M | 61.62M |
| Short-term debt | 8.23M | 11.95M | 13.65M | 20.66M | 20.37M | 20.35M | 20.13M |
| Long-term debt | -- | 1.64M | -- | 4.31M | 4.13M | -- | -- |
| Total liabilities | 41,220,000.00 | 61,309,000.00 | 68,095,000.00 | 83,710,000.00 | 86,749,000.00 | 90,936,000.00 | 108,605,000.00 |
| Total equity | -2.59M | -6.84M | 95.49M | 68.75M | 44.94M | 77.62M | 83.22M |
| Retained earnings | -8.28M | -14.64M | -36.34M | -87.74M | -147.45M | -195.99M | -221.60M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 65.02M | 64.45M | 64.99M | 65.69M | 62.84M | 68.70M |
| Cash & ST investments | 53.23M | 50.54M | 50.27M | 51.38M | 45.48M | 49.88M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 170.16M | 186.05M | 191.53M | 191.83M | 192.67M | 223.84M |
| Total current liabilities | 59.48M | 59.91M | 59.28M | 61.62M | 59.94M | 68.80M |
| Short-term debt | 19.92M | 20.22M | 20.18M | 20.13M | 19.71M | 21.41M |
| Long-term debt | -- | -- | 2.45M | -- | -- | -- |
| Total liabilities | 92,396,000.00 | 106,403,000.00 | 108,701,000.00 | 108,605,000.00 | 108,023,000.00 | 135,302,000.00 |
| Total equity | 77.77M | 79.64M | 82.83M | 83.22M | 84.64M | 88.54M |
| Retained earnings | -205.31M | -212.41M | -216.18M | -221.60M | -227.74M | -232.83M |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 13.20M | 12.82M | 3.52M | -13.78M | -7.35M | 12.51M | 23.54M |
| Depreciation & amortization | 9.32M | 12.95M | 16.32M | 20.15M | 24.91M | 28.33M | 25.59M |
| Free cash flow | 9.63M | 7.84M | -7.67M | -29.76M | -27.58M | -1.68M | 11.29M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | 0 | 106.95M | -- | 0 | 37.43M | -1.98M |
| Ending cash balance | 6.98M | 6.08M | 105.01M | 11.17M | 16.63M | 45.78M | 29.18M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 4.94M | 3.55M | 5.74M | 9.31M | 3.36M | 10.43M |
| Depreciation & amortization | 7.76M | 5.47M | 6.04M | 6.31M | 6.74M | 7.02M |
| Free cash flow | 2.32M | 700.00K | 895.00K | 7.37M | 597.00K | 6.58M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | -1.19M | -798.00K | -809.00K | -566.00K |
| Ending cash balance | 40.61M | 32.19M | 29.08M | 29.18M | 26.28M | 32.43M |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -48.97 | -62.59 | -105.05 | -79.20 | -31.85 |
| ROA %i | -2.58 | -14.23 | -19.91 | -32.53 | -42.03 | -32.33 | -14.21 |
| ROIC %i | -- | -- | -24.80 | -38.78 | -54.52 | -42.49 | -16.18 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -65.53 |
| EBIT margin %i | 2.33 | -6.94 | -26.57 | -55.37 | -54.81 | -35.15 | -14.85 |
| FCF / sales %i | 23.62 | 14.58 | -- | -- | -- | -- | 7.74 |
| Current ratioi | 0.32 | 0.25 | 2.47 | 1.32 | 0.67 | 1.10 | 1.07 |
| Quick ratioi | 0.29 | 0.20 | 2.37 | 1.22 | 0.59 | 1.02 | 0.96 |
| Debt / assetsi | 43.39 | 57.79 | 20.33 | 29.84 | 34.90 | 27.49 | 32.10 |
| LT debt / equityi | -- | -- | 20.53 | 36.11 | 56.94 | 33.48 | 49.82 |
| Interest coveragei | 0.49 | -1.29 | -4.88 | -10.99 | -14.75 | -12.27 | -5.60 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 27.85 | 23.79 | 23.67 | 19.64 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -74.75 | -69.83 | -55.03 | -31.85 | -27.63 | -24.29 |
| ROA %i | -30.99 | -27.76 | -21.10 | -14.21 | -12.37 | -9.97 |
| ROIC %i | -40.62 | -35.73 | -26.51 | -16.18 | -14.60 | -11.32 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -32.61 | -29.06 | -21.75 | -14.85 | -12.13 | -10.08 |
| FCF / sales %i | 0.74 | 2.34 | 2.17 | 7.74 | 6.38 | 9.88 |
| Current ratioi | 1.09 | 1.08 | 1.10 | 1.07 | 1.05 | 1.00 |
| Quick ratioi | 0.92 | 0.90 | 0.90 | 0.96 | 0.83 | 0.80 |
| Debt / assetsi | 28.11 | 33.11 | 33.49 | 32.10 | 32.36 | 36.83 |
| LT debt / equityi | 35.91 | 51.95 | 53.07 | 49.82 | 50.38 | 68.93 |
| Interest coveragei | -12.01 | -11.18 | -8.49 | -5.60 | -4.31 | -3.42 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Backblaze (B2) Cloud Storage is the largest reported line at 62.22% of revenue, across 2 reported segments.
- Computer Backup follows at 37.78%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Backblaze (B2) Cloud Storage62.22%
Computer Backup37.78%
Quote time 2026-10-09 19:30:04 · For reference only, not investment advice and not tailored to your situation.
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