BACKBLAZE INC-A (BLZE) Fundamental Analysis & Valuation

NASDAQ:BLZE • US05637B1052

Current stock price

3.4 USD
-0.11 (-3.13%)
At close:
3.41 USD
+0.01 (+0.29%)
After Hours:

This BLZE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. BLZE Profitability Analysis

1.1 Basic Checks

  • In the past year BLZE has reported negative net income.
  • In the past year BLZE had a positive cash flow from operations.
  • BLZE had negative earnings in each of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: BLZE reported negative operating cash flow in multiple 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 2025 0 20M -20M -40M

1.2 Ratios

  • With a Return On Assets value of -13.35%, BLZE is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
  • BLZE's Return On Equity of -30.78% is on the low side compared to the rest of the industry. BLZE is outperformed by 65.91% of its industry peers.
Industry RankSector Rank
ROA -13.35%
ROE -30.78%
ROIC N/A
ROA(3y)-29.16%
ROA(5y)-26.89%
ROE(3y)-75.39%
ROE(5y)-64.74%
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 2025 0 -200 -400

1.3 Margins

  • The Gross Margin of BLZE (60.89%) is better than 84.09% 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 60.89%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.78%
GM growth 5Y3.22%
BLZE Yearly Profit, Operating, Gross MarginsBLZE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60 -60

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3

2. BLZE Health Analysis

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.
  • BLZE has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BLZE has a worse debt to assets ratio.
BLZE Yearly Shares OutstandingBLZE Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 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 2025 50M 100M 150M

2.2 Solvency

  • Based on the Altman-Z score of -0.03, we must say that BLZE is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BLZE (-0.03) is worse than 75.00% of its industry peers.
  • The Debt to FCF ratio of BLZE is 3.20, which is a good value as it means it would take BLZE, 3.20 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of BLZE (3.20) is better than 62.50% of its industry peers.
  • BLZE has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of BLZE (0.26) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.2
Altman-Z -0.03
ROIC/WACCN/A
WACC10.04%
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 2025 0 20M -20M 40M 60M 80M

2.3 Liquidity

  • A Current Ratio of 1.07 indicates that BLZE should not have too much problems paying its short term obligations.
  • The Current ratio of BLZE (1.07) is worse than 70.45% of its industry peers.
  • BLZE has a Quick Ratio of 1.07. This is a normal value and indicates that BLZE is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of BLZE (1.07) is worse than 70.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 1.07
BLZE Yearly Current Assets VS Current LiabilitesBLZE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M

More info and screens

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

6

3. BLZE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 54.08% over the past year.
  • The Revenue has grown by 14.27% in the past year. This is quite good.
  • The Revenue has been growing by 22.08% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)54.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
Revenue 1Y (TTM)14.27%
Revenue growth 3Y19.64%
Revenue growth 5Y22.08%
Sales Q2Q%11.77%

3.2 Future

  • The Earnings Per Share is expected to grow by 43.02% on average over the next years. This is a very strong growth
  • BLZE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.64% yearly.
EPS Next Y48.43%
EPS Next 2Y43.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.26%
Revenue Next 2Y9.64%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last 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 -0.5 -1 -1.5

More info and screens

Find the best growth stocksShow best growing peers

2

4. BLZE Valuation Analysis

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

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLZE is on the same level as its industry peers.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BLZE indicates a somewhat cheap valuation: BLZE is cheaper than 60.23% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 18.11
EV/EBITDA 38.39
BLZE Per share dataBLZE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

  • BLZE's earnings are expected to grow with 43.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y43.02%
EPS Next 3YN/A

More info and screens

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

0

5. BLZE Dividend Analysis

5.1 Amount

  • BLZE does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

BLZE Fundamentals: All Metrics, Ratios and Statistics

BACKBLAZE INC-A

NASDAQ:BLZE (3/27/2026, 8:02:49 PM)

After market: 3.41 +0.01 (+0.29%)

3.4

-0.11 (-3.13%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-23
Earnings (Next)05-05
Inst Owners55.08%
Inst Owner Change1.79%
Ins Owners3.45%
Ins Owner Change2.13%
Market Cap204.34M
Revenue(TTM)145.84M
Net Income(TTM)-25.61M
Analysts84.29
Price Target10.26 (201.76%)
Short Float %2.6%
Short Ratio1.63
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)33.88%
Min EPS beat(2)15.97%
Max EPS beat(2)51.78%
EPS beat(4)4
Avg EPS beat(4)26.75%
Min EPS beat(4)10.72%
Max EPS beat(4)51.78%
EPS beat(8)6
Avg EPS beat(8)15.8%
EPS beat(12)8
Avg EPS beat(12)10.34%
EPS beat(16)8
Avg EPS beat(16)6.11%
Revenue beat(2)0
Avg Revenue beat(2)-1.38%
Min Revenue beat(2)-1.41%
Max Revenue beat(2)-1.35%
Revenue beat(4)1
Avg Revenue beat(4)-0.79%
Min Revenue beat(4)-1.41%
Max Revenue beat(4)0.49%
Revenue beat(8)1
Avg Revenue beat(8)-1.1%
Revenue beat(12)1
Avg Revenue beat(12)-1.07%
Revenue beat(16)1
Avg Revenue beat(16)-1%
PT rev (1m)0%
PT rev (3m)-0.55%
EPS NQ rev (1m)19.05%
EPS NQ rev (3m)9.57%
EPS NY rev (1m)31.58%
EPS NY rev (3m)22.09%
Revenue NQ rev (1m)-1.1%
Revenue NQ rev (3m)-1.32%
Revenue NY rev (1m)-1.99%
Revenue NY rev (3m)-2.67%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.4
P/FCF 18.11
P/OCF 8.68
P/B 2.46
P/tB 4.82
EV/EBITDA 38.39
EPS(TTM)-0.45
EYN/A
EPS(NY)-0.23
Fwd EYN/A
FCF(TTM)0.19
FCFY5.52%
OCF(TTM)0.39
OCFY11.52%
SpS2.43
BVpS1.38
TBVpS0.71
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -13.35%
ROE -30.78%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 60.89%
FCFM 7.74%
ROA(3y)-29.16%
ROA(5y)-26.89%
ROE(3y)-75.39%
ROE(5y)-64.74%
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 3Y5.78%
GM growth 5Y3.22%
F-Score5
Asset Turnover0.76
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 3.2
Debt/EBITDA 4.71
Cap/Depr 47.9%
Cap/Sales 8.41%
Interest Coverage N/A
Cash Conversion 520.89%
Profit Quality N/A
Current Ratio 1.07
Quick Ratio 1.07
Altman-Z -0.03
F-Score5
WACC10.04%
ROIC/WACCN/A
Cap/Depr(3y)59.72%
Cap/Depr(5y)65.43%
Cap/Sales(3y)13.12%
Cap/Sales(5y)14.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)54.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%70%
EPS Next Y48.43%
EPS Next 2Y43.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.27%
Revenue growth 3Y19.64%
Revenue growth 5Y22.08%
Sales Q2Q%11.77%
Revenue Next Year8.26%
Revenue Next 2Y9.64%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y49.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1851.88%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y772.99%
FCF growth 3YN/A
FCF growth 5Y7.56%
OCF growth 1Y88.28%
OCF growth 3YN/A
OCF growth 5Y12.93%

BACKBLAZE INC-A / BLZE Fundamental Analysis 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 2 / 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.