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Backblaze, Inc. BLZE

Nasdaq · stock · Services-Prepackaged Software · website · IPO 2021-11-11

Backblaze, Inc. statistics & valuation

Market cap$873.6M
P / S6.0×
P / B10.5×
P / FCF46.3×
Net margin-17.6%
Return on equity-30.8%
FCF margin12.9%
Return on capital-18.1%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-12.30% -32.20% -60.40% -58.50% -38.00% -17.60% 202020212022202320242025
Gross margin (%)
52.00% 50.90% 51.50% 48.90% 54.30% 60.90% 202020212022202320242025
Operating margin (%)
-6.90% -27.90% -56.50% -56.80% -36.30% -16.20% 202020212022202320242025
Return on equity (%)
-22.70% -74.80% -132.90% -62.50% -30.80% 202020212022202320242025
Shares outstanding
18.6M 20.3M 31.7M 36.0M 43.5M 56.2M 202020212022202320242025
Net debt ($)
202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-12.20% -13.30% -33.70% -45.30% -28.80% -13.40% 202020212022202320242025
Free cash flow margin (%)
19.90% -6.00% -24.80% -12.60% 8.50% 12.90% 202020212022202320242025
Debt / equity (×)
202020212022202320242025
EPS ($)
-$0.36 -$1.07 -$1.62 -$1.66 -$1.11 -$0.46 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Gross margin60.9%54.3%48.9%51.5%50.9%52.0%
Operating margin-16.2%-36.3%-56.8%-56.5%-27.9%-6.9%
Net margin-17.6%-38.0%-58.5%-60.4%-32.2%-12.3%
FCF margin12.9%8.5%-12.6%-24.8%-6.0%19.9%
Return on assets-13.4%-28.8%-45.3%-33.7%-13.3%-12.2%
Return on equity-30.8%-62.5%-132.9%-74.8%-22.7%96.8%
Current ratio1.071.100.671.322.470.25

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.