Backblaze Inc

Backblaze Inc

BLZE · NASDAQ · Technology / Software - Infrastructure

7.74USD-1.05 (-11.95%)

Price History

Full chart

Market Stats

Previous Close8.79
Open8.75
Day Range7.67 – 8.76
52-Week Range3.26 – 23.99
Volume3.77M
Market Cap835.96M
P/E (TTM)0.00
Forward P/E82.64
EPS-0.34
Dividend Yield0.00%
Beta1.56
50-Day Avg14.90
200-Day Avg8.37

About

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.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Gleb Budman
  • Employees320
  • Headquarters2261 Market Street, San Francisco, CA, United States, 94114, USA
  • Websitehttps://www.backblaze.com

Leadership

  • Mr. Gleb BudmanCo-Founder, CEO & Chairman · b. 1975
  • Mr. Marc Suidan CPAChief Financial Officer · b. 1973
  • Mr. Tim NufireCo-Founder · b. 1965
  • Mr. Brian WilsonCo-Founder · b. 1968
  • Mr. Casey JonesCo-Founder
  • Mr. Hang Ng KwokCo-Founder
  • Mr. Nilay PatelCo-Founder
  • Mr. Damon UyedaCo-Founder
  • Mr. Dan SpragginsChief Technical Officer
  • Ms. Mimi KongSenior Director of Investor Relations & Corporate Development

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue40.75M53.78M67.48M85.16M102.02M127.63M145.84M
Growth (%)-+31.99%+25.46%+26.19%+19.80%+25.10%+14.27%
Cost of Revenue20.13M25.80M33.14M41.29M52.16M58.28M57.04M
Gross Profit20.62M27.98M34.34M43.86M49.86M69.34M88.79M
Gross Margin50.61%52.03%50.89%51.51%48.87%54.33%60.89%
Operating Expense19.67M31.71M53.13M91.98M107.76M115.63M112.42M
Operating Income949.00K-3.73M-18.79M-48.11M-57.91M-46.29M-23.62M
Operating Margin2.33%-6.94%-27.85%-56.50%-56.76%-36.27%-16.20%
EBITDA10.27M9.22M-1.61M-27.00M-31.01M-16.54M3.83M
EBITDA Margin25.20%17.14%-2.38%-31.70%-30.40%-12.96%2.63%
Net Income-996.00K-6.62M-21.70M-51.40M-59.71M-48.53M-25.61M
Net Income Margin-2.44%-12.31%-32.16%-60.36%-58.53%-38.03%-17.56%
R&D8.44M13.07M20.54M33.11M39.53M42.10M46.11M
R&D as % of Total Revenue20.70%24.30%30.43%38.88%38.74%32.98%31.62%
Interest Expense1.93M2.89M3.68M4.29M3.79M3.66M3.87M
Interest Expense % of Total Revenue4.73%5.37%5.45%5.04%3.72%2.87%2.65%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets38.63M54.47M163.58M152.46M131.69M168.56M191.83M
Total Liabilities41.22M61.31M68.09M83.71M86.75M90.94M108.61M
Total Equity-2.59M-6.84M95.49M68.75M44.94M77.62M83.22M
Cash6.98M6.08M104.84M6.69M12.50M45.78M29.18M
Total Debt16.76M31.48M33.25M45.49M45.96M46.34M61.58M
Net Debt9.78M25.40M-71.59M38.80M33.46M563.00K32.40M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow13.20M12.82M3.52M-13.78M-7.35M12.51M23.54M
Investing Cash Flow-3.23M-4.97M-11.19M-73.85M21.66M-6.13M-25.34M
Financing Cash Flow-7.73M-8.75M106.61M-6.21M-8.84M22.77M-14.80M
Capital Expenditure3.58M4.97M11.19M15.98M20.23M1.71M12.26M
Free Cash Flow9.63M7.84M-7.67M-29.76M-27.58M10.79M11.29M
Dividends Paid---130.00K---
FCF to OCF72.90%61.19%-217.90%215.98%375.21%86.32%47.94%
Dividend Paid to FCF----0.44%---

Earnings

Report DateMar 31, 2020Jun 30, 2020Mar 31, 2021Jun 30, 2021Dec 13, 2021Feb 17, 2022May 5, 2022Aug 9, 2022Nov 10, 2022Feb 15, 2023May 9, 2023Aug 8, 2023Nov 8, 2023Feb 15, 2024May 8, 2024Aug 8, 2024Nov 7, 2024Feb 13, 2025May 7, 2025Aug 7, 2025Nov 6, 2025Feb 12, 2026May 4, 2026Aug 3, 2026Nov 5, 2026
EPS Estimate0.000.000.000.00-0.19-0.26-0.29-0.30-0.27-0.28-0.28-0.25-0.22-0.18-0.15-0.13-0.11-0.09-0.06-0.19-0.010.01-0.11-0.10-0.07
EPS Actual-0.13-0.13-0.59-0.59-0.32-0.26-0.28-0.23-0.25-0.27-0.26-0.41-0.21-0.15-0.14-0.11-0.10-0.06-0.03-0.120.030.060.04-0.06-
Surprise-----68.42%0.00%3.45%23.33%7.41%3.57%7.14%-64.00%4.55%16.67%6.67%15.38%9.09%31.11%50.00%36.84%400.00%354.55%136.36%40.00%-
Timing----After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-market-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap835.96M
Enterprise Value902.56M
Trailing P/E0.00
Forward P/E82.64
Price / Sales5.35
Price / Book9.83
EPS-0.34
Book Value1.43
Revenue (TTM)156.30M
Gross Profit (TTM)97.36M
EBITDA3.07M
Profit Margin-13.07%
Operating Margin-6.68%
Return on Equity-24.29%
Return on Assets-3.52%
Shares Outstanding61.90M
Shares Float59.38M
Beta1.56
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 6 analystsTarget 22.83
  • Strong Buy
    5
  • Buy
    1

Ownership Breakdown

Institutions
58.30%
Insiders
4.54%
Retail / Other
37.16%

Top Institutional Holders

  • BlackRock Inc
    3.68M5.95%
  • Vanguard Capital Management, LLC
    2.34M3.79%
  • Acadian Asset Management LLC
    1.64M2.65%
  • Awm Investment Company Inc
    1.40M2.26%
  • Geode Capital Management, LLC
    1.35M2.17%
  • Pillsbury Lake Capital LLC
    1.34M2.16%
  • Renaissance Technologies Corp
    1.17M1.89%
  • State Street Corp
    1.11M1.80%
  • Connor Clark & Lunn Inv Mgmt Ltd
    833.27K1.35%
  • Vanguard Portfolio Management, LLC
    707.89K1.14%
  • Next Century Growth Investors LLC
    687.50K1.11%
  • AQR Capital Management LLC
    663.51K1.07%
  • Dimensional Fund Advisors, Inc.
    628.64K1.02%
  • Point72 Asset Management, L.P.
    540.59K0.87%
  • Millennium Management LLC
    495.44K0.80%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.81M2.93%
  • iShares Russell 2000 ETF
    1.52M2.45%
  • Heptagon Driehaus US Micro Cap Eq C$ Acc
    1.06M1.71%
  • Fidelity Small Cap Index
    635.47K1.03%
  • iShares Russell 2000 Growth ETF
    555.05K0.90%