Backblaze, Inc.
NASDAQ•BLZE
CEO: Mr. Gleb Budman
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 2021-11-11
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, Canada, and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use 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; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.
Contact Information
Market Cap
$219.97M
P/E (TTM)
-8.0
45
Dividend Yield
--
52W High
$10.86
52W Low
$3.54
52W Range
Rank66Top 96.8%
1.5
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 1.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025
Financial Dashboard
Q4 2025 Data
Revenue
$37.76M+0.00%
4-Quarter Trend
EPS
-$0.09+0.00%
4-Quarter Trend
FCF
$9.65M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Total Revenue Growth Total revenue reached $145.84M, up 14% for the year ended December 31, 2025, driven by strong B2 performance.
Gross Margin Expansion Gross margin improved to 61% from 54% driven by higher revenue and lower fixed costs, including depreciation extension.
Net Loss Significantly Reduced Net loss narrowed to $(25.61M) compared to $(48.53M) in prior period, showing improved operational leverage.
B2 ARR Strong Growth B2 Cloud Storage ARR grew 26% to $88.9M, primarily driven by $10.1M increase in sales to new customers.
Risk Factors
History of Cumulative Losses Accumulated deficit reached $221.6M as of December 31, 2025; profitability is not expected in the foreseeable future.
Intense Market Competition Highly competitive cloud storage markets may lead to pricing pressures, potentially harming operating results and margins.
Data Center Scaling Risks Scaling infrastructure requires significant capital investment and lead time, risking service disruption if capacity is underestimated.
Cybersecurity Incident Exposure Successful attack could adversely affect confidentiality, integrity, and availability of systems and sensitive customer data.
Outlook
Up-Market Customer Focus Strategy focuses on acquiring larger enterprise and AI customers, evidenced by signing multiple deals valued over $1.0M.
Continued Platform Investment Committed to R&D investment for modern enterprise and AI workloads, launching B2 Overdrive premium high-throughput solution.
New Credit Facility Secured Established $20.0M revolving credit facility in June 2025 to support working capital and strategic flexibility needs.
International Expansion Focus International expansion is a meaningful opportunity, with current revenue from outside US representing 28% of total revenue.
Peer Comparison
Revenue (TTM)
$2.35B
$979.08M
$965.66M
Gross Margin (Latest Quarter)
80.0%
77.5%
76.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| POET | $781.39M | -10.5 | -119.7% | 6.8% |
| CINT | $651.68M | 23.8 | 14.7% | 23.4% |
| CCSI | $507.45M | 6.0 | -522.6% | 87.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.9%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 5, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data