# Backblaze Inc. (BLZE) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Software. Price $13.46, market value $833 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Backblaze Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.81**. A PEG of 0.81 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 5.3×**. Each dollar of revenue is priced at 5.3×.
- **Price / book: 9.4×**. The shares trade at 9.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 2.9%** (5-yr avg -1.1%). Free cash flow equals 2.9% of the market value, above its five-year average of -1.1%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 62.0%**. Backblaze Inc. keeps 62.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -11.3%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -17.6%**. The company reported a net loss over the last twelve months.
- **Return on equity: -30.8%**. Return on equity is negative because earnings are negative.
- **Return on assets: -10.6%**. Each dollar of assets produces -10.6% of profit.

## Growth
- **Revenue growth (1 yr): 14.3%** (3-yr 19.6%/yr, 5-yr 22.1%/yr). Revenue grew 14.3% over the last year, against 22.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 58.6%**. Earnings per share rose 58.6%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Current ratio: 1.07** (quick 1.07). Current assets cover the next year's liabilities 1.07 times.
- **Altman Z-score: 5.59**. A Z-score of 5.59 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Backblaze Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 54.8%** (YTD 188.7%, 3-mo 73.4%). The shares are up 54.8% over twelve months including dividends.
- **From 52-week high: -43.9%** (312.6% above the low). Trading 44% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 2.33** (volatility 109%). Beta of 2.33 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BLZE · Page: https://foliofundamentals.com/stocks/blze

Not investment advice.