Backblaze Stock Net Income
| BLZE Stock | USD 6.60 0.35 5.60% |
Backblaze fundamentals help investors to digest information that contributes to Backblaze's financial success or failures. It also enables traders to predict the movement of Backblaze Stock. The fundamental analysis module provides a way to measure Backblaze's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Backblaze stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -62 M | -58.9 M | |
| Net Loss | -46.5 M | -44.2 M | |
| Net Loss | -59.7 M | -56.7 M | |
| Net Loss | (1.66) | (1.74) | |
| Net Income Per E B T | 1.15 | 1.11 |
Backblaze | Net Income |
Backblaze Company Net Income Analysis
Backblaze's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Backblaze Net Income | (59.71 M) |
Most of Backblaze's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Backblaze is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Backblaze Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Backblaze is extremely important. It helps to project a fair market value of Backblaze Stock properly, considering its historical fundamentals such as Net Income. Since Backblaze's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Backblaze's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Backblaze's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Backblaze reported net income of (59.71 Million). This is 111.08% lower than that of the Software sector and significantly lower than that of the Information Technology industry. The net income for all United States stocks is 110.46% higher than that of the company.
Backblaze Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Backblaze's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Backblaze could also be used in its relative valuation, which is a method of valuing Backblaze by comparing valuation metrics of similar companies.Backblaze is currently under evaluation in net income category among its peers.
Backblaze ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Backblaze's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Backblaze's managers, analysts, and investors.Environmental | Governance | Social |
Backblaze Institutional Holders
Institutional Holdings refers to the ownership stake in Backblaze that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Backblaze's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Backblaze's value.| Shares | Northern Trust Corp | 2024-09-30 | 313.3 K | Scalar Gauge Management, Llc | 2024-09-30 | 300.9 K | Two Sigma Advisers, Llc | 2024-06-30 | 286.1 K | Citadel Advisors Llc | 2024-09-30 | 279.8 K | Two Sigma Investments Llc | 2024-09-30 | 245.7 K | Connor Clark & Lunn Inv Mgmt Ltd | 2024-06-30 | 233.6 K | Qube Research & Technologies | 2024-06-30 | 229.4 K | Castleknight Management Lp | 2024-09-30 | 212.4 K | Gilder Gagnon Howe & Co Llc | 2024-09-30 | 205 K | Blackrock Inc | 2024-06-30 | 2.6 M | Vanguard Group Inc | 2024-09-30 | 1.9 M |
Backblaze Fundamentals
| Return On Equity | -1.03 | ||||
| Return On Asset | -0.2 | ||||
| Profit Margin | (0.38) % | ||||
| Operating Margin | (0.37) % | ||||
| Current Valuation | 306 M | ||||
| Shares Outstanding | 44.4 M | ||||
| Shares Owned By Insiders | 19.65 % | ||||
| Shares Owned By Institutions | 32.94 % | ||||
| Number Of Shares Shorted | 1.07 M | ||||
| Price To Book | 6.48 X | ||||
| Price To Sales | 2.26 X | ||||
| Revenue | 102.02 M | ||||
| Gross Profit | 43.86 M | ||||
| EBITDA | (31.02 M) | ||||
| Net Income | (59.71 M) | ||||
| Cash And Equivalents | 88.08 M | ||||
| Cash Per Share | 2.78 X | ||||
| Total Debt | 46.85 M | ||||
| Debt To Equity | 0.52 % | ||||
| Current Ratio | 1.82 X | ||||
| Book Value Per Share | 0.97 X | ||||
| Cash Flow From Operations | (7.35 M) | ||||
| Short Ratio | 6.08 X | ||||
| Earnings Per Share | (1.12) X | ||||
| Target Price | 12.67 | ||||
| Number Of Employees | 381 | ||||
| Beta | 0.99 | ||||
| Market Capitalization | 277.5 M | ||||
| Total Asset | 131.69 M | ||||
| Retained Earnings | (147.45 M) | ||||
| Working Capital | (18.57 M) | ||||
| Net Asset | 131.69 M |
About Backblaze Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Backblaze's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Backblaze using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Backblaze based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Backblaze is a strong investment it is important to analyze Backblaze's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Backblaze's future performance. For an informed investment choice regarding Backblaze Stock, refer to the following important reports:Check out Backblaze Piotroski F Score and Backblaze Altman Z Score analysis. For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Backblaze. If investors know Backblaze will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Backblaze listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.12) | Revenue Per Share 3.629 | Quarterly Revenue Growth 0.288 | Return On Assets (0.20) | Return On Equity (1.03) |
The market value of Backblaze is measured differently than its book value, which is the value of Backblaze that is recorded on the company's balance sheet. Investors also form their own opinion of Backblaze's value that differs from its market value or its book value, called intrinsic value, which is Backblaze's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Backblaze's market value can be influenced by many factors that don't directly affect Backblaze's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Backblaze's value and its price as these two are different measures arrived at by different means. Investors typically determine if Backblaze is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Backblaze's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.