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Company Analysis

Backblaze, Inc. BLZE

A comprehensive view of key metrics, scores, and financial health for Backblaze, Inc.

Overview of Backblaze, Inc.

BLZE NGM
Technology Software - Infrastructure Framework: Software & SaaS Small Cap
Backblaze, Inc. (BLZE), is a Small Cap company, in the Software - Infrastructure industry, last closed at $13.42, about 31.5% overvalued vs fair value, +161.6% 1Y return, ranked 333/780 in sector.
Metrics Rev Growth 14.3% ROE -31.9% Gross Margin 60.9%
USD 13.42
-0.45%
(Delayed)
• Vol 90d: 119.1%
52-Week Range
Market Cap
$1.07B
Enterprise Value
$1.09B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Fair
Profitability
Fair
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 82%
Confidence: 85%
Updated: Jul 5
Top Beats

Quick Facts

Website https://www.backblaze.com
HQ San Mateo, CA
Employees 346
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$8
$9
$10
Current: $13.42 -32% vs base

Engine Room Money Flow™

Small Cap

Software & SaaS - Where revenue goes and how value is created

Flow Steps
Total Revenue
$145.8M
14.3%%
Gross Profit
$88.8M
28%%
Operating Income (GAAP)
$-23.6M
49%%
Operating Cash Flow
$23.5M
88.3%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Software & SaaS

Quality & Reliability Indicators

Gross Margin
60.9%
Good

Gross Profit / Revenue — pricing power and product moat (SaaS benchmark: >70%)

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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
7
Active Leaks
4/7
Improving
0
High Impact
4
Critical
Locked Leak
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Moat Analysis Software & SaaS Specialized

Competitive Advantage Assessment

Evaluating Backblaze, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
49
/100
Developing
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Developing
40
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 89% Coverage
Trade-Off Triangle Visualization A ternary plot showing BLZE's balance between Growth (36.8%), Profitability (34.8%), and Safety (28.5%). Growth 37% Safety 28% Profitability 35%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

51th percentile vs peers
52
Key Signals
Rev Growth YoY 14.3% 60p Revenue CAGR 3Y 19.6% 72p Def Rev Growth 1.3% 37p EPS Growth YoY 59.1% 63p TSR -77.0% 4p
Strengths

No notable strengths identified for this axis.

Risks

No significant risks identified for this axis.

Profitability

49th percentile vs peers
49
Key Signals
Strengths
Risks
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Safety

40th percentile vs peers
40
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Backblaze, Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$9.19
- - -
-31.5% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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