Backblaze Stock Analysis

BLZE Stock  USD 4.29  0.31  7.79%   
Below is the normalized historical share price chart for Backblaze extending back to November 11, 2021. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Backblaze stands at 4.29, as last reported on the 17th of February 2026, with the highest price reaching 4.33 and the lowest price hitting 3.92 during the day.
IPO Date
11th of November 2021
200 Day MA
6.3581
50 Day MA
4.7004
Beta
1.281
 
Covid
 
Interest Hikes
Backblaze holds a debt-to-equity ratio of 0.515. At present, Backblaze's Debt To Assets are projected to slightly decrease based on the last few years of reporting. The current year's Long Term Debt To Capitalization is expected to grow to 0.08, whereas Net Debt is forecasted to decline to about 615.1 K. Backblaze's financial risk is the risk to Backblaze stockholders that is caused by an increase in debt.

Asset vs Debt

Equity vs Debt

Backblaze's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Backblaze's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Backblaze Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect Backblaze's stakeholders.
For many companies, including Backblaze, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for Backblaze, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, Backblaze's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Price Book
2.9908
Enterprise Value Ebitda
(5.87)
Price Sales
1.7443
Shares Float
52.4 M
Wall Street Target Price
10.0571
At present, Backblaze's Stock Based Compensation is projected to increase significantly based on the last few years of reporting. . At present, Backblaze's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 34.93, whereas Price Earnings Ratio is forecasted to decline to (5.10).
Backblaze is undervalued with Real Value of 5.77 and Target Price of 10.06. The main objective of Backblaze stock analysis is to determine its intrinsic value, which is an estimate of what Backblaze is worth, separate from its market price. There are two main types of Backblaze's stock analysis: fundamental analysis and technical analysis.
The Backblaze stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Backblaze's ongoing operational relationships across important fundamental and technical indicators.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Backblaze. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.

Backblaze Stock Analysis Notes

About 53.0% of the company shares are held by institutions such as insurance companies. The book value of Backblaze was currently reported as 1.44. The company recorded a loss per share of 0.66. Backblaze had not issued any dividends in recent years. 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. For more info on Backblaze please contact Gleb Budman at 650 352 3738 or go to https://www.backblaze.com.

Backblaze Quarterly Total Revenue

37.16 Million

Backblaze Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Backblaze's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Backblaze or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Backblaze generated a negative expected return over the last 90 days
Backblaze has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 127.63 M. Net Loss for the year was (48.53 M) with profit before overhead, payroll, taxes, and interest of 84.33 M.
Backblaze has a poor financial position based on the latest SEC disclosures
Latest headline from finance.yahoo.com: Backblaze Publishes 2025 Drive Stats Report 13 Years of Data Show a Growing, Healthier Drive Fleet

Backblaze Largest EPS Surprises

Earnings surprises can significantly impact Backblaze's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2025-05-06
2025-03-31-0.06-0.03360.026444 
2025-02-13
2024-12-31-0.0871-0.060.027131 
2025-11-06
2025-09-30-0.010.030.04400 
View All Earnings Estimates

Backblaze Environmental, Social, and Governance (ESG) Scores

Backblaze's ESG score is a quantitative measure that evaluates Backblaze's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Backblaze's operations that may have significant financial implications and affect Backblaze's stock price as well as guide investors towards more socially responsible investments.

Backblaze Stock Institutional Investors

Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Royal Bank Of Canada2025-06-30
583.8 K
Oberweis Asset Management Inc2025-06-30
538.7 K
Renaissance Technologies Corp2025-06-30
437.9 K
Qube Research & Technologies2025-06-30
430.6 K
Northern Trust Corp2025-06-30
407.6 K
P.a.w. Capital Corp2025-06-30
370 K
Morgan Stanley - Brokerage Accounts2025-06-30
339.4 K
Lazard Asset Management Llc2025-06-30
289.5 K
Perkins Capital Management Inc2025-06-30
285.5 K
Blackrock Inc2025-06-30
3.6 M
Awm Investment Company Inc2025-06-30
3.1 M
Note, although Backblaze's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Backblaze Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 247.44 M.

Backblaze Profitablity

The company has Profit Margin (PM) of (0.24) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.09) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.09.
Last ReportedProjected for Next Year
Return On Tangible Assets(0.44)(0.46)
Return On Capital Employed(0.49)(0.51)
Return On Assets(0.33)(0.35)
Return On Equity(0.72)(0.68)

Management Efficiency

Backblaze has return on total asset (ROA) of (0.1063) % which means that it has lost $0.1063 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.5503) %, meaning that it created substantial loss on money invested by shareholders. Backblaze's management efficiency ratios could be used to measure how well Backblaze manages its routine affairs as well as how well it operates its assets and liabilities. As of February 17, 2026, Return On Tangible Assets is expected to decline to -0.46. In addition to that, Return On Capital Employed is expected to decline to -0.51. At present, Backblaze's Other Assets are projected to increase significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 50.5 M, whereas Net Tangible Assets are forecasted to decline to about 33.2 M.
Last ReportedProjected for Next Year
Book Value Per Share 1.60  1.06 
Tangible Book Value Per Share 0.74  0.66 
Enterprise Value Over EBITDA(18.27)(19.18)
Price Book Value Ratio 3.04  3.19 
Enterprise Value Multiple(18.27)(19.18)
Price Fair Value 3.04  3.19 
Enterprise Value302.1 M357.4 M
Evaluating the management effectiveness of Backblaze allows investors to assess its financial health and operational efficiency. Coupled with an analysis of its growth prospects and the current market dynamics, we evaluate the stock's true value and future potential. Key indicators such as revenue, earnings or debt levels are examined alongside external factors like economic trends and regulatory changes. The Backblaze Stock analysis seeks to determine whether the stock is undervalued, appropriately priced, or overvalued, thereby guiding your investment decisions.
Operating Margin
(0.09)
Profit Margin
(0.24)
Beta
1.281
Return On Assets
(0.11)
Return On Equity
(0.55)

Technical Drivers

As of the 17th of February 2026, Backblaze shows the risk adjusted performance of (0.09), and Mean Deviation of 2.18. Backblaze technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Backblaze standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Backblaze is priced correctly, providing market reflects its regular price of 4.29 per share. Given that Backblaze has information ratio of (0.15), we suggest you to validate Backblaze's prevailing market performance to make sure the company can sustain itself at a future point.

Backblaze Price Movement Analysis

Execute Study
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Backblaze Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Backblaze insiders, such as employees or executives, is commonly permitted as long as it does not rely on Backblaze's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Backblaze insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Backblaze Outstanding Bonds

Backblaze issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Backblaze uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Backblaze bonds can be classified according to their maturity, which is the date when Backblaze has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Backblaze Predictive Daily Indicators

Backblaze intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Backblaze stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Backblaze Forecast Models

Backblaze's time-series forecasting models are one of many Backblaze's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Backblaze's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Backblaze Bond Ratings

Backblaze financial ratings play a critical role in determining how much Backblaze have to pay to access credit markets, i.e., the amount of interest on their issued debt. The threshold between investment-grade and speculative-grade ratings has important market implications for Backblaze's borrowing costs.
Piotroski F Score
4
PoorView
Beneish M Score
(4.32)
Unlikely ManipulatorView

Backblaze Debt to Cash Allocation

Many companies such as Backblaze, eventually find out that there is only so much market out there to be conquered, and adding the next product or service is only half as profitable per unit as their current endeavors. Eventually, the company will reach a point where cash flows are strong, and extra cash is available but not fully utilized. In this case, the company may start buying back its stock from the public or issue more dividends.
Backblaze currently holds 46.34 M in liabilities with Debt to Equity (D/E) ratio of 0.52, which is about average as compared to similar companies. Backblaze has a current ratio of 1.78, which is within standard range for the sector. Note, when we think about Backblaze's use of debt, we should always consider it together with its cash and equity.

Backblaze Total Assets Over Time

Backblaze Assets Financed by Debt

The debt-to-assets ratio shows the degree to which Backblaze uses debt to finance its assets. It includes both long-term and short-term borrowings maturing within one year. It also includes both tangible and intangible assets, such as goodwill.

Backblaze Debt Ratio

    
  40.0   
It looks as if about 60% of Backblaze's assets are financed through equity. Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Backblaze's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Backblaze, which in turn will lower the firm's financial flexibility.

Backblaze Corporate Bonds Issued

Most Backblaze bonds can be classified according to their maturity, which is the date when Backblaze has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Backblaze Short Long Term Debt Total

Short Long Term Debt Total

40.2 Million

At present, Backblaze's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting.

About Backblaze Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Backblaze prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Backblaze shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Backblaze. By using and applying Backblaze Stock analysis, traders can create a robust methodology for identifying Backblaze entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin(0.44)(0.46)
Operating Profit Margin(0.42)(0.44)
Net Loss(0.44)(0.46)
Gross Profit Margin 0.49  0.41 

Current Backblaze Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Backblaze analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Backblaze analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceConsensus# of Analysts
10.06Strong Buy6Odds
Backblaze current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Backblaze analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Backblaze stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Backblaze, talking to its executives and customers, or listening to Backblaze conference calls.
Backblaze Analyst Advice Details

Backblaze Stock Analysis Indicators

Backblaze stock analysis indicators help investors evaluate how Backblaze stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Backblaze shares will generate the highest return on investment. By understating and applying Backblaze stock analysis, traders can identify Backblaze position entry and exit signals to maximize returns.
Begin Period Cash Flow16.6 M
Common Stock Shares Outstanding43.5 M
Total Stockholder Equity77.6 M
Total Cashflows From Investing Activities-6.1 M
Tax Provision6000.00
Property Plant And Equipment Net58.8 M
Cash And Short Term Investments54.9 M
Cash45.8 M
Accounts Payable1.5 M
Net Debt563 K
50 Day M A4.7004
Total Current Liabilities59.8 M
Other Operating Expenses173.9 M
Non Current Assets Total102.8 M
Forward Price Earnings588.2353
Non Currrent Assets Other2.2 M
Stock Based Compensation28.6 M

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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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