Backblaze, Inc. (BLZE) stock

BLZENasdaqServices-Prepackaged SoftwareFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 2, 2026Score 6/3091% above fair value

$7.74−1.05 (-11.95%)

Close on Nov 13, 2026Market cap $479.11MP/E –Yield –

Backblaze statistics

95 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 22, 2027 (estimated, during market hours)
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $479.11M; $792.38M
Enterprise Value: $443.35M; $779.89M
PS Ratio: 2.89; 2.33
PB Ratio: 5.89; 2.73
P/TBV Ratio: 12.52; 4.73
P/FCF Ratio: 17.43; 15.38
P/OCF Ratio: 14.92; 12.99

Enterprise valuationIndustry

EV / Sales: 2.67; 2.10
EV / EBITDA: 37.89; 16.18
EV / FCF: 16.13; 15.48

Share statisticsIndustry

Shares Outstanding: 62M; 59M
Shares Change (YoY): 12.0%; 1.88%
Float: 59M; 53M
Shares Held by Insiders: 5.33%; 13.1%
Shares Held by Institutions: 57.5%; 62.6%

Short sellingIndustry

Short Interest: 6M; –
Short Interest Change: -18.4%; -3.30%
Short % of Float: 10.00%; 5.82%
Short % of Shares Outstanding: 9.46%; 4.22%
Days to Cover: 2.63; 3.54

Stock price statisticsIndustry

52-Week High: $23.99; –
52-Week Low: $3.26; –
20-Day Moving Average: $8.47; –
50-Day Moving Average: $11.18; –
200-Day Moving Average: $9.36; –
Average True Range (14): $0.89; –
Price Change (1 Week): -6.41%; 0.50%
Price Change (1 Month): -21.9%; -1.81%
Price Change (3 Months): -60.1%; -4.67%
Price Change (6 Months): 10.1%; 0.47%
Price Change (YTD): 66.1%; -13.6%
Price Change (1 Year): 42.3%; -13.9%
Price Change (3 Years): 26.1%; -16.1%
Price Change (5 Years): -64.9%; -57.0%
Average Volume (10 Days): 4M; –
Average Volume (20 Days): 3M; –
Average Volume (90 Days): 3M; –
Relative Volume: 1.50; 0.64
Relative Strength Index (14): 37.8; 47.4
Volatility (1 Year): 109.5%; 65.4%
Beta (5 Years): 2.03; 1.19

MarginsIndustry

Gross Margin: 62.5%; 55.6%
Operating Margin: -9.67%; -2.03%
Pretax Margin: -11.4%; -0.85%
Profit Margin: -11.5%; -2.58%
EBITDA Margin: 7.06%; 0.72%
FCF Margin: 16.6%; 9.88%

Returns on capitalIndustry

Return on Equity (ROE): -23.2%; 1.34%
Return on Assets (ROA): -6.14%; -3.24%
Return on Invested Capital (ROIC): -32.5%; -0.09%
Return on Capital Employed (ROCE): -4.60%; -0.55%

Financial positionIndustry

Current Ratio: 3.17; 1.37
Quick Ratio: 3.00; 0.94
Debt / Equity: 2.39; 0.51
Debt / EBITDA: 16.62; 2.60
Debt / FCF: 7.08; 2.79
Net Debt / EBITDA: -3.06; 1.41
Interest Coverage: -2.84; -0.55

GrowthIndustry

Revenue Growth (YoY): 16.9%; 9.45%
FCF Growth (YoY): 145.2%; 14.3%
Revenue Growth (3Y CAGR): 19.6%; 7.44%
Revenue Growth (5Y CAGR): 22.1%; 12.3%

EfficiencyIndustry

Asset Turnover: 0.54; 0.64
Revenue Per Employee: $518.11K; $394.08K
Profits Per Employee: -$59.42K; -$7.02K
Employee Count: 320; 525
WACC: 12.0%; 10.3%

Income statement (TTM)Industry

Revenue: $165.80M; $257.79M
Gross Profit: $103.63M; $158.22M
Operating Income: -$16.04M; -$638.82K
Pretax Income: -$18.89M; -$315.88K
Net Income: -$19.01M; -$309.55K
EBITDA: $11.70M; -$78.29K
EPS (Diluted): -$0.31; $0.00

Balance sheetIndustry

Cash & Short-Term Investments: $230.24M; $41.99M
Total Debt: $194.49M; $179.41M
Net Cash (Debt): $35.76M; $1.76M
Net Cash Per Share: $0.58; $0.12
Equity (Book Value): $81.29M; $51.00M
Book Value Per Share: $1.31; $1.98
Tangible Book Value: $38.27M; $2.87M
Working Capital: $171.06M; $16.25M

Cash flow (TTM)Industry

Operating Cash Flow: $32.10M; $5.65M
Capital Expenditures: -$4.62M; -$5.67M
Free Cash Flow: $27.48M; $35.58M
FCF Per Share: $0.44; $0.53

Dividends and yieldsIndustry

Earnings Yield: -3.97%; 0.37%
FCF Yield: 5.74%; 4.39%
Buyback Yield: 0.45%; 3.39%
Shareholder Yield: 0.45%; 3.74%

Taxes and interestIndustry

Interest Expense: $5.65M; $3.48M
Income Tax: $128.00K; $1.63M

Scores and fair valueIndustry

Altman Z-Score: 0.80; 1.96
Piotroski F-Score: 5; 5
Beneish M-Score: -2.89; -2.82

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	BLZE	S&P 500	Difference	BLZE per year	S&P 500 per year
1 month	-38.1%	-3.0%	−35.1 pts
3 months	-62.1%	-2.8%	−59.3 pts
Year to date	+66.1%	+11.5%	+54.6 pts
1 year	+51.8%	+13.5%	+38.3 pts
3 years	+31.6%	+77.7%	−46.1 pts	+9.6%	+21.1%
5 years	-64.9%	+72.6%	−137.5 pts	-18.9%	+11.5%
10 years	+1835.0%	+308.2%	+1526.8 pts	+34.5%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

6M BLZE shares were sold short on Oct 30, 2026, down 18.4% from the previous report, or 10.00% of the shares available to trade. At recent volumes it would take 2.6 days to buy them back. Over the last 20 sessions, 43.0% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	5,858,766	-18.4%	2,226,304	2.6
Oct 15, 2026	7,181,992	+3.9%	1,552,842	4.6
Sep 30, 2026	6,910,108	+25.5%	1,822,825	3.8
Sep 15, 2026	5,508,117	+30.8%	1,636,771	3.4
Aug 31, 2026	4,210,311	+135.5%	3,266,036	1.3
Aug 14, 2026	1,787,453	-33.7%	4,057,580	1.0
Jul 31, 2026	2,694,870	+2.9%	1,902,309	1.4
Jul 15, 2026	2,619,020	-4.9%	2,445,159	1.1
Jun 30, 2026	2,754,152	+83.8%	8,229,493	1.0
Jun 15, 2026	1,498,619	-2.3%	1,490,502	1.0
May 29, 2026	1,534,460	-9.8%	1,509,436	1.0
May 15, 2026	1,700,326	+49.3%	5,401,106	1.0