Backblaze, Inc. (BLZE) Stock

About Backblaze, Inc.

Backblaze, Inc. is led by CEO Gleb Budman, employs 346 people, headquartered in US, publicly traded since 2021.

Backblaze, Inc. (BLZE) stock trades at $8.34 with a market capitalization of $516.25M. The stock is valued at a negative price-to-earnings (P/E) ratio of -42.24, reflecting a net loss over the last twelve months, price-to-book of 9.86, price-to-sales of 5.51. Over the past 52 weeks the stock has ranged between $3.26 and $23.99, and currently trades 65.2% below its 52-week high.

On profitability, Backblaze, Inc. generates a return on equity (ROE) of -24.09% (negative, reflecting a net loss), return on capital employed of -11.30%, an operating margin of -13.70%, a net profit margin of -13.07%.

Backblaze, Inc. by the numbers, 2019–2025

Between 2019 and 2025 Backblaze, Inc. reported revenue of $41.0M rising to $146.0M, a change of +256.1% across 7 years. Compounded, revenue has grown 22.0% a year over five years, 19.8% over three, 14.1% over the last twelve months. Net profit fell to $-26.0M.

Operating margin went from 2.3% in 2019 to -16.2% in 2025, a fall of 18.5 percentage points. The most recent net margin is -13.07%. On a trailing twelve-month basis to Jun '26, revenue is $157.0M and net profit $-20.0M.

Borrowings rose from $17.0M to $62.0M, cash from operations was $24.0M in the latest year, positive in 5 of the last 7.

Return on equity has averaged -64.9% over five years, and was -31.3% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Backblaze, Inc. (BLZE) — frequently asked questions