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NASDAQ · Software - Infrastructure · USD

Backblaze, Inc. (BLZE) Stock Analysis

Backblaze, Inc. (BLZE) is a Software - Infrastructure stock listed on NASDAQ and quoted in US Dollar.

BLZE

$13.46

+$0.14 (+1.09%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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BLZE Key Statistics

As of Sep 4, 2026
Trading
Open
$13.37
Previous Close
$13.31
Day's Range
13.10–13.63
52-Week Range
3.26–23.99
Volume
1.23M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.56
Valuation
Market Cap
$832.86M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
47.71
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
5.33
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.35
Financials (FY)
Revenue (FY)
$145.84M+14.27%
Net Income (FY)
−$25.61M
Profit marginThe share of revenue left as profit after all costs and taxes.
−13.07%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
61.90M
1-Year Return
+54.83%
Dividend and dates
Earnings Date
November 5, 2026estimated
Avg Volume
3.56M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

BLZE Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+188.73%
2025−22.59%
2024−20.69%
2023+23.41%
2022−63.59%
2021 (partial year)−15.13%

As of September 4, 2026.

BLZE Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$145.84M−$25.61M−17.6%
2024$127.63M−$48.53M−38.0%
2023$102.02M−$59.71M−58.5%
2022$85.16M−$51.40M−60.4%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$145.84M$88.79M−$23.62M−$25.61M−17.6%
2024$127.63M$69.34M−$46.29M−$48.53M−38.0%
2023$102.02M$49.86M−$57.91M−$59.71M−58.5%
2022$85.16M$43.86M−$48.11M−$51.40M−60.4%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

BLZE Valuation vs Software - Infrastructure Median

Median of 187 stocks
MetricBLZESoftware - Infrastructure medianvs median
P/S ratio5.333.4853% above
Profit margin−13.07%0.00%13.1 pts below

Medians across 187 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 9 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Backblaze, Inc. (BLZE) carries a market capitalisation of $832.86M. It is classified in the Software - Infrastructure industry, within the Technology sector. The company reports 320 employees.

The most recent close on file for BLZE is $13.46, dated September 4, 2026. That is +$0.14 (+1.09%) against the previous close. The 52-week range on file runs from $3.26 to $23.99. The latest close sits 312.6% above that 52-week low.

Financial Health

In fiscal 2025, Backblaze, Inc. reported revenue of $145.84M. Against the prior fiscal year total of $127.63M, that is a change of +14.27%. The same year closed with a net loss of $25.61M. Profit margin runs at −13.07%. That is 13.1 percentage points below the Software - Infrastructure median of 0%. Earnings per share on a trailing basis come to −0.35.

Across the 4 fiscal years on file, revenue moves from $85.16M in 2022 to $145.84M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. On forward earnings the ratio is 47.71. The price-to-sales ratio is 5.33. On price-to-sales that is 53.23% above the Software - Infrastructure median of 3.48. 187 Software - Infrastructure companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +54.83%. Across 3 years the annualized return works out at +28.71%. The reported beta is 1.57. Daily returns over the trailing 4 years annualize to a volatility of 82.61%.

Growth & Income

No dividend is on file for BLZE.

Across the complete calendar years on file, 2023 returned +23.41% and 2022 returned −63.59%. Of the 4 complete calendar years on file, 1 finished higher. 2026 is still running; the price is +188.73% year to date.

Peer Comparison

Backblaze, Inc. (BLZE) operates in the Software - Infrastructure industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Backblaze, Inc. BLZE $832.86M —
Microsoft Corporation MSFT $3.71T 28.4
Oracle Corporation ORCL $457.36B 27.3
Palantir Technologies Inc. PLTR $418.93B 155.7

The Software - Infrastructure industry average P/E ratio is 25.5x. Backblaze, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Backblaze, Inc.

Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. In addition, the company offers cloud storage solutions for a range of cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; and Internet of Things. Further, it provides computer backup that automatically backs up data from laptops and desktops for businesses and individuals, which offers a subscription-based software-as-a-service and serves use cases, including MAC and PC backup; ransomware protection; theft and loss recovery; data archiving; organization and managed service provider level management; and remote access. The company serves individuals, developers, MSPS, small and medium-sized businesses, and large enterprises across industries, including media, AI innovators, creative agencies, academic institutions, government agencies, research institutes, and gaming companies. Backblaze, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

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