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Backblaze Inc

BLZE

9.720USD

+0.190+1.99%

Close 09/18, 16:00（ET）Quotes delayed by 15 min

548.82MMarket Cap

LossP/E TTM



Backblaze Inc

9.720

+0.190+1.99%

Overview Company Financials Analysis

TradingKey Stock Score

Overall Financial Health

Valuation Dimensions

Earnings Forecast

Price Momentum

Institutional Confidence

Risk Assessment

Peer Comparison

TradingKey Stock Score

Currency: USD Updated: 2025-09-18

Key Insights

The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a very weak market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.

Score

Industry at a Glance

Industry Ranking

121 / 470

Overall Ranking

188 / 4721

Industry

Software & IT Services

Support & Resistance

No Data

Score Analysis

Current score

Previous score

Analyst Rating

Based on 9 analysts

Buy

Current Rating

11.300

Target Price

+18.57%

Upside Space

Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Company Highlights

StrengthsRisks

Backblaze, Inc. provides a specialized storage cloud platform. The Company offers two cloud services on its storage cloud: Backblaze B2 Cloud Storage and Backblaze Computer Backup. The Backblaze B2 Cloud Storage enables customers to store data, developers to build applications, and partners to expand their use cases. The amount of data stored in this cloud service can scale up and down as needed on a pay-as-you-go basis, or can be paid for on a capacity basis for greater predictability, which it refers to as its B2 Reserve offering. This Infrastructure-as-a-Service enables use cases including backups, ransomware protection, and storage for artificial intelligence and machine learning workflows. The Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. This service is offered as a subscription-based Software-as-a-Service. With over two billion gigabytes of data storage under management, it works with customers in 175 countries.

High Growth

The company's revenue has grown steadily over the past 3 years, averaging 49.88% year-on-year.

Undervalued

The company’s latest PE is -10.87, at a low 3-year percentile range.

Institutional Buying

The latest institutional holdings are 34.81M shares, increasing 4.97% quarter-over-quarter.

Held by The Vanguard

Star Investor The Vanguard holds 2.56M shares of this stock.

Higher Market Activity

The company has more investor interest, with a 20-day turnover ratio of 0.65.

Financial Health

Currency: USD Updated: 2025-09-18

The company's current financial score is 6.75, which is lower than the Software & IT Services industry's average of 7.27. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 36.30M, representing a year-over-year increase of 16.02%, while its net profit experienced a year-over-year increase of 31.42%.

Score

Industry at a Glance

Previous score

6.75

Change



Financials

8.06

Key Metrics

Cash and cash equivalents

Total assets

Total liabilities

Free cash flow

No Data



Quality of Earnings

5.86

Key Metrics

Total revenue

Operating profit

Total assets

SG&A

No Data



Operational Efficiency

6.58

Key Metrics

Cash flow from operating activities

Income after tax

No Data



Growth Potential

6.17

Key Metrics

Cash flow from operating activities

Total revenue

No Data



Shareholder Returns

7.10

Key Metrics

Free cash flow

No Data

Company Valuation

Currency: USD Updated: 2025-09-18

The company’s current valuation score is 1.20, which is lower than the Software & IT Services industry's average of 2.10. Its current P/E ratio is -10.65, which is -66.76% below the recent high of -3.54 and 48.55% above the recent low of -5.48.

Score

Industry at a Glance

Previous score

1.20

Change

Valuation Dimensions

P/E

P/B

P/S

P/CF

Industry Ranking 121/470

No Data

Earnings Forecast

Currency: USD Updated: 2025-09-18

The company’s current earnings forecast score is 8.67, which is higher than the Software & IT Services industry's average of 7.60. The average price target for Backblaze Inc is 11.00, with a high of 15.90 and a low of 8.00.

Score

Industry at a Glance

Previous score

8.67

Change

Support & Resistance

No Data

Analyst Rating

Based on 9 analysts

Buy

Current Rating

11.300

Target Price

+18.57%

Upside Space

Strong Buy

Buy

Hold

Sell

Strong Sell

Peer Comparison

107

Total

Median

Average

Company name

Ratings

Analysts

Backblaze Inc

BLZE

CrowdStrike Holdings Inc

CRWD

Salesforce Inc

CRM

Snowflake Inc

SNOW

Okta Inc

OKTA

Dynatrace Inc

...

Financial Forecasting

EPS

Revenue

Net Profit

EBIT

No Data

Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.

Price Momentum

Currency: USD Updated: 2025-09-18

The company’s current price momentum score is 9.20, which is higher than the Software & IT Services industry's average of 7.42. Sideways: Currently, the stock price is trading between the resistance level at 10.46 and the support level at 8.05, making it suitable for range-bound swing trading.

Score

Industry at a Glance

Previous score

9.20

Change

0.14

Support & Resistance

No Data

Indicators



The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

Indicators

Sell(1)

Neutral(3)

Buy(2)

Indicators

Value

Direction

MACD(12,26,9)

-0.013

Neutral

RSI(14)

72.912

Buy

STOCH(KDJ)(9,3,3)

80.078

Neutral

ATR(14)

0.417

High Vlolatility

CCI(14)

74.753

Neutral

Williams %R

9.950

Overbought

TRIX(12,20)

1.397

Sell

StochRSI(14)

30.719

Buy

Moving Average

Sell(0)

Neutral(0)

Buy(6)

Indicators

Value

Direction

MA5

9.606

Buy

MA10

9.437

Buy

MA20

8.837

Buy

MA50

7.143

Buy

MA100

6.226

Buy

MA200

6.103

Buy

Institutional Confidence

Currency: USD Updated: 2025-09-18

The company’s current institutional recognition score is 5.00, which is lower than the Software & IT Services industry's average of 6.81. The latest institutional shareholding proportion is 63.38%, representing a quarter-over-quarter increase of 0.67%. The largest institutional shareholder is The Vanguard, holding a total of 2.56M shares, representing 4.53% of shares outstanding, with 11.64% increase in holdings.

Score

Industry at a Glance

Previous score

5.00

Change

Institutional Shareholding

No Data

Shareholder Activity

Name

Shares Held

Chg %

BlackRock Institutional Trust Company, N.A.

2.81M

+11.71%

AWM Investment Company, Inc.

3.04M

+9.37%

The Vanguard Group, Inc.

Star Investors

2.42M

+11.87%

Nufire (Timothy M)

2.06M

+101.20%

Wilson (Brian K)

2.06M

+86.65%

Ng (Kwok Hang)

1.94M

+74.98%

Jones (Charles J.)

1.76M

+59.54%

Budman (Gleb)

1.70M

-1.14%

AIGH Capital Management, LLC.

1.29M

-2.59%

Whetstone Capital Advisors, LLC

697.08K

-42.87%

Risk Assessment

Currency: USD Updated: 2025-09-18

The company’s current risk assessment score is 3.55, which is lower than the Software & IT Services industry's average of 4.01. The company's beta value is 1.22. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets.