Backblaze Financials

BLZE Stock  USD 6.34  0.23  3.76%   
Based on the measurements of operating efficiency obtained from Backblaze's historical financial statements, Backblaze is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in February. At present, Backblaze's Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Other Assets is expected to grow to about 6.2 M, whereas Short and Long Term Debt Total is forecasted to decline to about 38.1 M. Key indicators impacting Backblaze's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio0.810.61
Significantly Up
Slightly volatile
Investors should never underestimate Backblaze's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Backblaze's cash flow, debt, and profitability to make informed and accurate decisions about investing in Backblaze.

Net Income

(51.05 Million)

  
Understanding current and past Backblaze Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Backblaze's financial statements are interrelated, with each one affecting the others. For example, an increase in Backblaze's assets may result in an increase in income on the income statement.

Backblaze Earnings Geography

Please note, the presentation of Backblaze's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Backblaze's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Backblaze's management manipulating its earnings.

Backblaze Stock Summary

Backblaze competes with ACI Worldwide, Remitly Global, EverCommerce, Global Blue, and Lesaka Technologies. 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 was incorporated in 2007 and is headquartered in San Mateo, California. Backblaze Inc operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 270 people.
Specialization
Information Technology, Software - Infrastructure
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS05637B1052
CUSIP05637B105
LocationCalifornia; U.S.A
Business Address201 Baldwin Ave,
SectorSoftware
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.backblaze.com
Phone650 352 3738
CurrencyUSD - US Dollar

Backblaze Key Financial Ratios

Backblaze Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets54.5M163.6M150.9M131.7M151.4M118.6M
Other Current Liab3.0M(8.5M)6.4M7.2M8.3M8.7M
Net Debt25.4M(71.6M)38.2M34.4M39.5M41.5M
Retained Earnings(14.6M)(36.3M)(88.0M)(147.5M)(132.7M)(126.1M)
Accounts Payable1.7M2.1M3.3M2.3M2.6M2.4M
Cash6.1M104.8M6.7M12.5M14.4M13.7M
Net Receivables1.3M1.5M2.5M4.5M5.1M5.4M
Other Current Assets1.8M4.8M6.5M4.8M5.5M3.9M
Total Liab61.3M68.1M82.4M86.7M99.8M74.7M
Net Invested Capital(4.6M)95.5M72.9M49.1M56.4M46.3M
Total Current Assets9.2M111.1M72.9M38.5M44.3M53.0M
Net Working Capital(27.1M)66.0M17.9M(18.6M)(21.4M)(20.3M)
Short Term Debt11.9M27.3M22.2M21.3M24.5M20.0M
Intangible Assets5.7M7.6M16.7M32.5M37.4M39.3M

Backblaze Key Income Statement Accounts

202020212022202320242025 (projected)
Tax Provision5K96K(39K)30K27K17.3K
Net Interest Income(2.9M)(3.7M)(4.3M)(4.3M)(3.9M)(4.0M)
Interest Expense2.9M3.7M4.3M3.8M4.4M3.6M
Total Revenue53.8M67.5M85.2M102.0M117.3M76.8M
Gross Profit28.0M34.3M43.9M49.9M57.3M38.9M
Operating Income(3.7M)(18.8M)(48.4M)(57.9M)(52.1M)(49.5M)
Ebit(4.4M)(17.9M)(47.1M)(55.9M)(50.3M)(47.8M)
Research Development13.1M20.5M33.1M39.5M45.5M25.2M
Ebitda9.2M(1.6M)(24.5M)(31.0M)(27.9M)(26.5M)
Cost Of Revenue25.8M33.1M41.3M52.2M60.0M38.0M
Income Before Tax(6.6M)(21.6M)(51.7M)(59.7M)(53.7M)(51.1M)
Net Income(6.6M)(21.7M)(51.7M)(59.7M)(53.7M)(51.1M)
Income Tax Expense5K96K(39K)24.7M28.5M29.9M

Backblaze Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Backblaze's current stock value. Our valuation model uses many indicators to compare Backblaze value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Backblaze competition to find correlations between indicators driving Backblaze's intrinsic value. More Info.
Backblaze is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At present, Backblaze's Return On Equity is projected to slightly decrease based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Backblaze by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Backblaze Systematic Risk

Backblaze's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Backblaze volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Backblaze correlated with the market. If Beta is less than 0 Backblaze generally moves in the opposite direction as compared to the market. If Backblaze Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Backblaze is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Backblaze is generally in the same direction as the market. If Beta > 1 Backblaze moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Backblaze Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Backblaze's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Backblaze growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(2.72)

At present, Backblaze's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Backblaze January 22, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Backblaze help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Backblaze. We use our internally-developed statistical techniques to arrive at the intrinsic value of Backblaze based on widely used predictive technical indicators. In general, we focus on analyzing Backblaze Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Backblaze's daily price indicators and compare them against related drivers.

Complementary Tools for Backblaze Stock analysis

When running Backblaze's price analysis, check to measure Backblaze's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Backblaze is operating at the current time. Most of Backblaze's value examination focuses on studying past and present price action to predict the probability of Backblaze's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Backblaze's price. Additionally, you may evaluate how the addition of Backblaze to your portfolios can decrease your overall portfolio volatility.
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