Backblaze, Inc.
BLZE
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Backblaze operates in the growing cloud storage industry, which is expected to expand as businesses increasingly rely on digital solutions.
- Revenue increased by 10% compared to the prior quarter, reaching $43 million.
- Gross margin improved to 62.8%, up from 60.9% in the previous quarter.
- The company has a high debt-to-equity ratio of 93.109, indicating potential financial risk.
- Operating margin remains negative at -9.8%, reflecting ongoing profitability challenges.
- Net income for the latest quarter was -5.089 million, continuing a trend of losses.
Fundamentals
| Market cap | $804.08M | Enterprise value | $836.64M | Trailing P/E | — | Forward P/E | 48.11 |
| PEG | — | Price / book | 9.06 | Beta | 1.57 | Dividend yield | 0.00% |
| Revenue growth | 17.7% | Earnings growth | — | Gross margin | 62.3% | Operating margin | -6.7% |
| Profit margin | -13.1% | ROE | -24.3% | ROA | -3.5% | Debt / equity | 0.93 |
| Current ratio | 1.00 | Free cash flow | $33.52M | Analyst recommendation | buy | Mean target | $22.83 |
| 52w high | $23.99 | 52w low | $3.26 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $42.7M | $38.7M | $37.8M | $37.2M | $36.3M | — |
| Op margin | -9.8% | -13.8% | -12.4% | -8.9% | -17.2% | — |
| Net income | -$5.1M | -$6.1M | -$5.4M | -$3.8M | -$7.1M | — |
| Gross margin | 62.8% | 60.9% | 62.0% | 62.1% | 63.5% | — |
| Gross profit | $26.8M | $23.5M | $23.4M | $23.1M | $23.0M | — |
| Operating income | -$4.2M | -$5.4M | -$4.7M | -$3.3M | -$6.2M | — |
- Revenue +10% vs prior quarter ($43M vs $39M).
- Gross margin 62.8% (was 60.9% prior quarter).
- Operating margin expanded to -9.8%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $146M | $128M | $102M | $85.2M | — |
| Op margin | -16.2% | -36.3% | -56.8% | -56.5% | — |
| Net income | -$25.6M | -$48.5M | -$59.7M | -$51.4M | — |
| Gross margin | 60.9% | 54.3% | 48.9% | 51.5% | — |
| Gross profit | $88.8M | $69.3M | $49.9M | $43.9M | — |
| Operating income | -$23.6M | -$46.3M | -$57.9M | -$48.1M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Backblaze Flags Q2 Drive Failure Rise, Sees Outliers Not a Trend
2026-10-01 · Backblaze Builds on Its Jamf Integration with New Deployment Options for Mac Backup
2026-09-29 · Backblaze Publishes Q2 2026 Drive Stats: Quarterly Failure Rate Rises to 1.73%
2026-09-14 · AudioEye (AEYE) Soars 5.7%: Is Further Upside Left in the Stock?
2026-09-14 · Backblaze to Present at AI Infra Summit 2026: Architecting the AI Data Plane
2026-09-09 · Backblaze and WEKA Simplify Data Management Across the AI Lifecycle
2026-08-20 · Backblaze Prices Upsized $175 Million Convertible Notes Offering
2026-08-20 · AppLovin vs. CoreWeave: What Recent Revenue Trends Tell Investors
2026-08-20 · Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering
2026-08-19 · Update: Backblaze Shares Fall After $150 Million Convertible Senior Notes Offering
2026-08-18 · Backblaze Proposes $150 Million Convertible Senior Notes Offering
2026-08-18 · Backblaze Announces Proposed Private Offering of $150 Million of Convertible Senior Notes
Price (daily)
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