BLZE - Backblaze, Inc. Stock Price, Fair Value and News

7.21USD+0.09 (+1.26%)Delayed as of 20 May 2024, 01:05 pm ET

Market Summary

USD7.21+0.09

Delayedas of 20 May 2024, 01:05 pm

1.26%

BLZE Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)
Losses in recent quarter

BLZE Stock Price

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BLZE RSI Chart

BLZE Valuation

Market Cap

295.5M

Price/Earnings (Trailing)

-5.51

Price/Sales (Trailing)

2.72

EV/EBITDA

-11.97

Price/Free Cashflow

-178.54

BLZE Price/Sales (Trailing)

BLZE Profitability

Operating Margin

50.37%

EBT Margin

-49.40%

Return on Equity

-113.06%

Return on Assets

-40.68%

Free Cashflow Yield

-0.56%

BLZE Fundamentals

BLZE Revenue

Revenue (TTM)

108.6M

Rev. Growth (Yr)

28.1%

Rev. Growth (Qtr)

4.28%

BLZE Earnings

Earnings (TTM)

-53.7M

Earnings Growth (Yr)

35.41%

Earnings Growth (Qtr)

9.46%

Breaking Down BLZE Revenue

52 Week Range

3.507.36

(Low)(High)

Last 7 days

-1.8%

Last 30 days

-21.9%

Last 90 days

-39.8%

Trailing 12 Months

69.5%

How does BLZE drawdown profile look like?

BLZE Financial Health

Current Ratio

0.7

BLZE Investor Care

Shares Dilution (1Y)

22.34%

Diluted EPS (TTM)

-1.43

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	108.6M	0	0	0
2023	89.1M	93.0M	96.2M	102.0M
2022	71.7M	76.2M	80.9M	85.2M
2021	57.2M	60.6M	64.1M	67.5M
2020	0	0	0	53.8M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Backblaze, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 27, 2024	cessna tina	acquired	9,735	3.73	2,610	senior vp, engineering
Mar 27, 2024	cessna tina	sold	-26,100	10.00	-2,610	senior vp, engineering
Mar 26, 2024	cessna tina	acquired	74,600	3.73	20,000	senior vp, engineering
Mar 26, 2024	cessna tina	sold	-199,000	9.95	-20,000	senior vp, engineering
Mar 25, 2024	cessna tina	sold	-200,600	10.03	-20,000	senior vp, engineering
Mar 25, 2024	cessna tina	acquired	56,680	2.834	20,000	senior vp, engineering
Feb 27, 2024	cessna tina	sold	-177,192	10.0907	-17,560	senior vp, engineering
Feb 27, 2024	cessna tina	acquired	45,271	2.57811	17,560	senior vp, engineering
Feb 26, 2024	cessna tina	sold	-20,949	9.84	-2,129	senior vp, engineering
Feb 26, 2024	patchel francis p	sold	-33,790	9.84	-3,434	chief financial officer

Which funds bought or sold BLZE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	AWM Investment Company, Inc.	sold off	-100	-8,101,340	-	-%
May 16, 2024	JANE STREET GROUP, LLC	added	23.08	906,493	2,282,150	-%
May 15, 2024	CITADEL ADVISORS LLC	reduced	-2.55	224,991	942,838	-%
May 15, 2024	Laurion Capital Management LP	unchanged	-	297,455	1,152,640	0.01%
May 15, 2024	683 Capital Management, LLC	sold off	-100	-264,534	-	-%
May 15, 2024	OXFORD ASSET MANAGEMENT LLP	new	-	132,069	132,069	0.16%
May 15, 2024	MARSHALL WACE, LLP	added	191	3,089,860	4,143,710	0.01%
May 15, 2024	Petrus Trust Company, LTA	new	-	527,479	527,479	0.05%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	66.48	2,245,160	4,050,060	0.01%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	97.06	5,111,320	8,197,770	-%

Are Funds Buying or Selling BLZE?

Are funds buying BLZE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BLZE

No. of Funds

Unveiling Backblaze, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	nufire timothy m	5.5%	2,064,321	SC 13G/A
Feb 14, 2024	ng kwok hang	5.2%	1,935,271	SC 13G/A
Feb 14, 2024	budman gleb	4.8%	1,791,720	SC 13G/A
Feb 14, 2024	jones charles j.	4.7%	1,764,471	SC 13G/A
Feb 14, 2024	wilson brian k	5.5%	2,064,321	SC 13G/A
Feb 14, 2024	clal insurance enterprises holdings ltd	0%	0	SC 13G/A
Oct 10, 2023	awm investment company, inc.	3.0%	1,067,370	SC 13G/A
Feb 15, 2023	ng kwok hang	14.5%	2,564,321	SC 13G/A
Feb 15, 2023	wilson brian k	14.5%	2,564,321	SC 13G/A
Feb 15, 2023	budman gleb	14.6%	2,580,510	SC 13G/A

Recent SEC filings of Backblaze, Inc.

View All Filings

Date Filed	Form Type	Document
May 13, 2024	EFFECT	EFFECT
May 10, 2024	S-8	Employee Benefits Plan
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
May 01, 2024	S-3	S-3
Apr 05, 2024	DEF 14A	DEF 14A
Apr 05, 2024	DEFA14A	DEFA14A
Apr 01, 2024	10-K	Annual Report
Mar 27, 2024	4	Insider Trading
Mar 25, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Backblaze, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.1T	236.6B	2.03%	31.93%	36.24	13.2	13.97%	24.86%
ADBE	216.6B	19.9B	1.89%	34.13%	45.11	10.86	10.76%	1.35%
CRWD	82.6B	3.1B	17.79%	143.87%	924.15	27.02	36.33%	148.75%
SQ	44.5B	22.9B	-1.70%	21.40%	89.41	1.95	23.28%	240.37%
AKAM	14.5B	3.9B	-5.11%	8.48%	23.17	3.73	7.01%	28.42%
FFIV	10.2B	2.8B	-3.95%	22.64%	20.47	3.67	0.20%	52.82%
MID-CAP
ALTR	7.5B	619.6M	12.34%	29.62%	780.18	12.06	7.11%	116.83%
HCP	6.4B	583.1M	40.42%	1.19%	-33.59	10.98	22.54%	30.49%
ACIW	4.0B	1.5B	19.09%	52.81%	27.07	2.67	6.51%	54.77%
APPN	2.4B	560.0M	-6.33%	-15.52%	-22.6	4.34	14.52%	34.67%
SMALL-CAP
CSGS	1.3B	1.2B	-10.88%	-12.84%	19.78	1.09	3.70%	18.24%
ATEN	1.2B	254.7M	26.41%	15.00%	26.34	4.73	-7.51%	2.74%
BAND	589.5M	634.3M	29.66%	103.38%	-20.2	0.93	9.43%	-197.31%
DTSS	20.5M	23.3M	-8.22%	-61.16%	-1.79	0.88	336.57%	-92.79%
BLIN	12.6M	15.3M	-3.20%	27.37%	-1.25	0.83	-7.99%	-1417.41%

Backblaze, Inc. News

Latest updates

Backblaze, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)															(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3
Revenue	4.3%	29,968,000	28,737,000	25,299,000	24,589,000	23,394,000	22,926,000	22,051,000	20,688,000	19,490,000	18,697,000	17,320,000	16,150,000	15,312,000	14,564,500	13,817,000
Cost Of Revenue	3.7%	14,157,000	13,653,000	13,546,000	12,538,000	12,425,000	11,219,000	10,836,000	9,556,000	9,681,000	8,863,000	8,519,000	7,926,000	7,830,000	-	7,097,000
Gross Profit	4.8%	15,811,000	15,084,000	11,753,000	12,051,000	10,969,000	11,707,000	11,215,000	11,132,000	9,809,000	9,834,000	8,801,000	8,224,000	7,482,000	-	6,720,000
Operating Expenses	-1.5%	26,321,000	26,709,000	27,319,000	25,965,000	27,769,000	25,252,000	23,275,000	21,951,000	21,498,000	17,411,000	13,467,000	11,958,000	10,299,000	-	7,775,000
S&GA Expenses	-0.8%	10,022,000	10,100,000	10,736,000	9,875,000	10,559,000	9,274,000	9,727,000	8,369,000	8,029,000	6,549,000	5,025,000	4,347,000	3,777,000	-	2,956,000
R&D Expenses	3.4%	9,746,000	9,430,000	9,639,000	9,925,000	10,533,000	8,614,000	8,152,000	8,400,000	7,941,000	6,222,000	5,338,000	4,707,000	4,269,000	-	3,300,000
EBITDA Margin	28.0%	-0.22	-0.30	-0.35	-0.34	-0.34	-0.32	-0.29	-0.24	-0.13	-0.02	0.14	0.15	0.16	0.17	-
Interest Expenses	-7.1%	921,000	991,000	936,000	942,000	923,000	1,478,000	950,000	913,000	948,000	991,000	968,000	847,000	871,000	-	793,000
Income Taxes	-	6,000	-	-	-	-	30,000	-	-37,000	-32,000	-40,000	-	136,000	-	-	12,000
Earnings Before Taxes	9.5%	-11,047,000	-12,208,000	-16,055,000	-14,337,000	-17,113,000	-14,463,000	-12,800,000	-11,612,000	-12,562,000	-9,645,000	-5,993,000	-2,282,000	-3,688,000	-	-1,848,000
EBT Margin	15.6%	-0.49	-0.59	-0.64	-0.63	-0.63	-0.60	-0.58	-0.52	-0.43	-0.32	-0.10	-0.11	-0.12	-0.12	-
Net Income	9.5%	-11,053,000	-12,208,000	-16,055,000	-14,337,000	-17,113,000	-14,493,000	-12,800,000	-11,575,000	-12,530,000	-9,605,000	-5,993,000	-2,418,000	-3,688,000	-	-1,860,000
Net Income Margin	15.6%	-0.49	-0.59	-0.64	-0.63	-0.63	-0.60	-0.57	-0.52	-0.43	-0.32	-0.10	-0.11	-0.12	-0.12	-
Free Cashflow	6.8%	2,993,000	2,802,000	-517,000	-6,933,000	-8,214,000	-6,427,000	-5,010,000	-8,278,000	-1,415,000	-3,130,000	962,000	-1,779,000	-95,000	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet												(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	0.2%	132	132	135	135	143	152	157	160	164	164	60.00	54.00
Current Assets	0.5%	39.00	39.00	45.00	45.00	58.00	74.00	85.00	95.00	105	111	9.00	9.00
Cash Equivalents	-12.0%	11.00	13.00	9.00	6.00	4.00	7.00	28.00	7.00	19.00	105	5.00	6.00
Liabilities	-2.7%	84.00	87.00	87.00	80.00	82.00	84.00	80.00	77.00	77.00	68.00	73.00	59.00
Current Liabilities	-2.5%	56.00	57.00	61.00	51.00	53.00	56.00	54.00	52.00	51.00	45.00	41.00	36.00
LT Debt, Current	-	-	-	6.00	-	-	-	-	-	-	-	-	1.00
Shareholder's Equity	5.6%	47.00	45.00	47.00	54.00	61.00	69.00	77.00	83.00	88.00	95.00	-	-
Retained Earnings	-7.5%	-158	-147	-135	-119	-104	-87.74	-73.25	-60.45	-48.87	-36.34	-26.74	-14.64
Additional Paid-In Capital	7.1%	206	192	183	173	165	156	150	143	136	132	12.00	8.00
Shares Outstanding	11.7%	40.00	36.00	35.00	35.00	34.00	32.00	31.00	31.00	31.00	20.00	19.00	19.00
Float	-	-	-	-	98.00	-	-	-	67.00	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)															(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3
Cashflow From Operations	5.2%	3,416	3,248	-170	-5,237	-5,191	-3,139	-2,450	-7,292	-900	-2,444	3,381	68.00	2,515	-	-
Share Based Compensation	-15.0%	5,529	6,507	7,958	4,884	5,828	4,038	4,830	4,346	3,835	2,018	1,448	1,255	908	-	-
Cashflow From Investing	-1975.9%	-8,781	-423	5,053	9,718	7,309	-11,889	23,041	-3,529	-81,477	-1,301	-3,483	-2,898	-3,508	-	-
Cashflow From Financing	79.5%	-264	-1,289	-3,677	-2,110	-1,766	-1,333	-471	-1,232	-3,176	104,073	3,480	-323	-624	-	-

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BLZE Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Income Statement [Abstract]

Revenue

$ 29,968,000

$ 23,394,000

Cost of revenue

14,157,000

12,425,000

Gross profit

15,811,000

10,969,000

Operating expenses:

Research and development

9,746,000

10,533,000

Sales and marketing

10,022,000

10,559,000

General and administrative

6,553,000

6,677,000

Total operating expenses

26,321,000

27,769,000

Loss from operations

(10,510,000)

(16,800,000)

Investment income

384,000

610,000

Interest expense

(921,000)

(923,000)

Loss before provision for income taxes

(11,047,000)

(17,113,000)

Income tax provision

6,000

Net loss

$ (11,053,000)

$ (17,113,000)

Net loss per share, basic (USD per share)

$ (0.27)

$ (0.50)

Net loss per share, diluted (USD per share)

$ (0.27)

$ (0.50)

Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (See Note 14) (in shares)

^[1]

40,225,239

33,922,683

Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (See Note 14) (in shares)

^[1]

40,225,239

33,922,683

[1]

On July 6, 2023, all shares of the Company’s then outstanding Class B common stock were automatically converted into the same number of Class A common stock, pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation. No additional shares of Class B common stock will be issued following such conversion. See Note 15 for further details.

BLZE Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 6,319	$ 12,502
Short-term investments, net	21,841	16,799
Accounts receivable, net	1,621	800
Prepaid expenses and other current assets	8,938	8,413
Total current assets	38,719	38,514
Restricted cash, non-current	4,682	4,128
Property and equipment, net	42,585	45,600
Operating lease right-of-use assets	9,470	9,980
Capitalized internal-use software, net	35,467	32,521
Other assets	963	944
Total assets	131,886	131,687
Current liabilities:
Accounts payable	1,441	1,973
Accrued expenses and other current liabilities (Note 9)	6,373	8,768
Finance lease liabilities and lease financing obligations, current	17,352	18,492
Operating lease liabilities, current	1,808	1,878
Deferred revenue, current	28,684	25,976
Total current liabilities	55,658	57,087
Debt facility, non-current	4,682	4,128
Deferred revenue, non-current	4,540	4,073
Finance lease liabilities and lease financing obligations, non-current	11,598	13,310
Operating lease liabilities, non-current	7,954	8,151
Total liabilities	84,432	86,749
Commitments and contingencies (Note 11)
Stockholders’ Equity
Additional paid-in capital	205,957	192,388
Accumulated deficit	(158,507)	(147,454)
Total stockholders’ equity	47,454	44,938
Total liabilities and stockholders’ equity	131,886	131,687
Common Class A
Stockholders’ Equity
Common stock, value, issued	$ 4	$ 4

About Backblaze, Inc.

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 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.

CEO	Mr. Gleb Budman
WEBSITE	backblaze.com
INDUSTRY	Software - Infra
EMPLOYEES	393

Backblaze, Inc. Frequently Asked Questions

What is the ticker symbol for Backblaze, Inc.? What does BLZE stand for in stocks?

BLZE is the stock ticker symbol of Backblaze, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Backblaze, Inc. (BLZE)?

As of Fri May 17 2024, market cap of Backblaze, Inc. is 295.48 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BLZE stock?

You can check BLZE's fair value in chart for subscribers.

What is the fair value of BLZE stock?

You can check BLZE's fair value in chart for subscribers. The fair value of Backblaze, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Backblaze, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BLZE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Backblaze, Inc. a good stock to buy?

The fair value guage provides a quick view whether BLZE is over valued or under valued. Whether Backblaze, Inc. is cheap or expensive depends on the assumptions which impact Backblaze, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BLZE.

What is Backblaze, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, BLZE's PE ratio (Price to Earnings) is -5.51 and Price to Sales (PS) ratio is 2.72. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BLZE PE ratio will change depending on the future growth rate expectations of investors.