BACKBLAZE INC-A (BLZE) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:BLZE • US05637B1052

4.1 USD
+0.1 (+2.5%)
At close: Feb 6, 2026
4.13 USD
+0.03 (+0.73%)
After Hours: 2/6/2026, 8:19:52 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BLZE. BLZE was compared to 88 industry peers in the IT Services industry. Both the profitability and financial health of BLZE have multiple concerns. BLZE is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • BLZE had negative earnings in the past year.
  • In the past year BLZE had a positive cash flow from operations.
  • BLZE had negative earnings in each of the past 5 years.
  • In multiple years BLZE reported negative operating cash flow during the last 5 years.
BLZE Yearly Net Income VS EBIT VS OCF VS FCFBLZE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 0 -20M -40M

1.2 Ratios

  • BLZE has a Return On Assets of -18.05%. This is in the lower half of the industry: BLZE underperforms 78.41% of its industry peers.
  • The Return On Equity of BLZE (-41.74%) is worse than 71.59% of its industry peers.
Industry RankSector Rank
ROA -18.05%
ROE -41.74%
ROIC N/A
ROA(3y)-35.95%
ROA(5y)-26.65%
ROE(3y)-90.07%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BLZE Yearly ROA, ROE, ROICBLZE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 0 -200 -400

1.3 Margins

  • The Gross Margin of BLZE (59.12%) is better than 80.68% of its industry peers.
  • BLZE's Gross Margin has improved in the last couple of years.
  • The Profit Margin and Operating Margin are not available for BLZE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 59.12%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.43%
GM growth 5Y1.57%
BLZE Yearly Profit, Operating, Gross MarginsBLZE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • BLZE does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • BLZE has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for BLZE has been increased compared to 5 years ago.
  • The debt/assets ratio for BLZE has been reduced compared to a year ago.
BLZE Yearly Shares OutstandingBLZE Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
BLZE Yearly Total Debt VS Total AssetsBLZE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 50M 100M 150M

2.2 Solvency

  • BLZE has an Altman-Z score of -0.02. This is a bad value and indicates that BLZE is not financially healthy and even has some risk of bankruptcy.
  • BLZE has a Altman-Z score of -0.02. This is in the lower half of the industry: BLZE underperforms 76.14% of its industry peers.
  • BLZE has a debt to FCF ratio of 12.30. This is a negative value and a sign of low solvency as BLZE would need 12.30 years to pay back of all of its debts.
  • BLZE has a Debt to FCF ratio (12.30) which is in line with its industry peers.
  • BLZE has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
  • BLZE has a Debt to Equity ratio (0.27) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 12.3
Altman-Z -0.02
ROIC/WACCN/A
WACC9.57%
BLZE Yearly LT Debt VS Equity VS FCFBLZE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M

2.3 Liquidity

  • A Current Ratio of 1.10 indicates that BLZE should not have too much problems paying its short term obligations.
  • BLZE has a worse Current ratio (1.10) than 72.73% of its industry peers.
  • A Quick Ratio of 1.10 indicates that BLZE should not have too much problems paying its short term obligations.
  • The Quick ratio of BLZE (1.10) is worse than 72.73% of its industry peers.
Industry RankSector Rank
Current Ratio 1.1
Quick Ratio 1.1
BLZE Yearly Current Assets VS Current LiabilitesBLZE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • BLZE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.65%, which is quite impressive.
  • BLZE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.73%.
  • Measured over the past years, BLZE shows a very strong growth in Revenue. The Revenue has been growing by 25.65% on average per year.
EPS 1Y (TTM)32.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%79.31%
Revenue 1Y (TTM)15.73%
Revenue growth 3Y23.67%
Revenue growth 5Y25.65%
Sales Q2Q%14.03%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.31% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 11.85% on average over the next years. This is quite good.
EPS Next Y51.34%
EPS Next 2Y28.61%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue Next Year14.19%
Revenue Next 2Y12.31%
Revenue Next 3Y11.85%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
BLZE Yearly Revenue VS EstimatesBLZE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
BLZE Yearly EPS VS EstimatesBLZE Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 -0.5 -1 -1.5

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • BLZE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BLZE. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BLZE Price Earnings VS Forward Price EarningsBLZE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

  • BLZE's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 76.73
EV/EBITDA N/A
BLZE Per share dataBLZE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2

4.3 Compensation for Growth

  • BLZE's earnings are expected to grow with 16.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.61%
EPS Next 3Y16.31%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for BLZE!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

BACKBLAZE INC-A

NASDAQ:BLZE (2/6/2026, 8:19:52 PM)

After market: 4.13 +0.03 (+0.73%)

4.1

+0.1 (+2.5%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)11-06
Earnings (Next)02-23
Inst Owners52.6%
Inst Owner Change1.04%
Ins Owners3.55%
Ins Owner Change-0.73%
Market Cap236.57M
Revenue(TTM)141.86M
Net Income(TTM)-34.58M
Analysts85.71
Price Target10.26 (150.24%)
Short Float %1.65%
Short Ratio1.33
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)40.16%
Min EPS beat(2)28.53%
Max EPS beat(2)51.78%
EPS beat(4)3
Avg EPS beat(4)16.91%
Min EPS beat(4)-23.41%
Max EPS beat(4)51.78%
EPS beat(8)6
Avg EPS beat(8)16.37%
EPS beat(12)7
Avg EPS beat(12)8.68%
EPS beat(16)7
Avg EPS beat(16)2.35%
Revenue beat(2)1
Avg Revenue beat(2)-0.43%
Min Revenue beat(2)-1.35%
Max Revenue beat(2)0.49%
Revenue beat(4)1
Avg Revenue beat(4)-1.07%
Min Revenue beat(4)-2.53%
Max Revenue beat(4)0.49%
Revenue beat(8)1
Avg Revenue beat(8)-0.93%
Revenue beat(12)1
Avg Revenue beat(12)-1.02%
Revenue beat(16)2
Avg Revenue beat(16)-0.8%
PT rev (1m)0%
PT rev (3m)-15.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.02%
EPS NY rev (1m)0%
EPS NY rev (3m)11.23%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-1.91%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.33%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.67
P/FCF 76.73
P/OCF 14.37
P/B 2.86
P/tB 5.72
EV/EBITDA N/A
EPS(TTM)-0.66
EYN/A
EPS(NY)-0.34
Fwd EYN/A
FCF(TTM)0.05
FCFY1.3%
OCF(TTM)0.29
OCFY6.96%
SpS2.46
BVpS1.44
TBVpS0.72
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -18.05%
ROE -41.74%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 59.12%
FCFM 2.17%
ROA(3y)-35.95%
ROA(5y)-26.65%
ROE(3y)-90.07%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.43%
GM growth 5Y1.57%
F-Score6
Asset Turnover0.74
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 12.3
Debt/EBITDA N/A
Cap/Depr 50.8%
Cap/Sales 9.43%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.1
Quick Ratio 1.1
Altman-Z -0.02
F-Score6
WACC9.57%
ROIC/WACCN/A
Cap/Depr(3y)70.19%
Cap/Depr(5y)63.54%
Cap/Sales(3y)16.57%
Cap/Sales(5y)15.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.65%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%79.31%
EPS Next Y51.34%
EPS Next 2Y28.61%
EPS Next 3Y16.31%
EPS Next 5YN/A
Revenue 1Y (TTM)15.73%
Revenue growth 3Y23.67%
Revenue growth 5Y25.65%
Sales Q2Q%14.03%
Revenue Next Year14.19%
Revenue Next 2Y12.31%
Revenue Next 3Y11.85%
Revenue Next 5YN/A
EBIT growth 1Y35.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year281.94%
EBIT Next 3Y66.22%
EBIT Next 5YN/A
FCF growth 1Y108.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y219.83%
OCF growth 3Y52.59%
OCF growth 5Y-1.08%

BACKBLAZE INC-A / BLZE FAQ

What is the ChartMill fundamental rating of BACKBLAZE INC-A (BLZE) stock?

ChartMill assigns a fundamental rating of 3 / 10 to BLZE.


Can you provide the valuation status for BACKBLAZE INC-A?

ChartMill assigns a valuation rating of 1 / 10 to BACKBLAZE INC-A (BLZE). This can be considered as Overvalued.


What is the profitability of BLZE stock?

BACKBLAZE INC-A (BLZE) has a profitability rating of 2 / 10.


How financially healthy is BACKBLAZE INC-A?

The financial health rating of BACKBLAZE INC-A (BLZE) is 3 / 10.