Market cap
$978 Mln
Revenue (TTM)
$156 Mln
P/E Ratio
--
P/B Ratio
11.4
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 10.47 | 17.67 | 13.85 | 18.91 | 21.16 |
| EBIT | 22.89 | 39.10 | 60.51 | 19.59 | -146.53 |
| Net Profit | 17.21 | 28.29 | 53.10 | 18.22 | -27.12 |
| EPS | 19.26 | 34.39 | 62.09 | 21.65 | 5.74 |
| Book Value | -- | -- | -16.95 | -10.85 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| -34.94 | -37.35 | -10.08 | -14.85 | -35.15 |
| Net Margin
| -- | -31.10 | -13.07 | -- | -- |
| Return on equity
| -72.03 | -65.53 | -23.79 | -31.85 | -79.20 |
| Return on Capital
| -40.82 | -38.61 | -- | -19.06 | -45.17 |
| Return on Assets
| -29.52 | -28.20 | -7.59 | -14.21 | -32.33 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.74 | 0.60 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
--
|
-19.06
|
-45.17
|
-58.22
|
-42.31
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-23.79
Lower than Peers by 42.06
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
-23.79
|
-31.85
|
-79.20
|
-105.05
|
-62.59
|
|
Peer Median
|
18.28
|
--
|
--
|
--
|
--
|
ROA
-7.59
Lower than Peers by 12.55
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
-7.59
|
-14.21
|
-32.33
|
-42.03
|
-32.53
|
|
Peer Median
|
4.97
|
--
|
--
|
--
|
--
|
EBIT Margin
-10.08
Lower than Peers by 21.10
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
-10.08
|
-14.85
|
-35.15
|
-54.81
|
-55.37
|
|
Peer Median
|
11.02
|
--
|
--
|
--
|
--
|
Net Margin
-13.07
Lower than Peers by 21.18
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
-13.07
|
-17.56
|
-38.03
|
-58.53
|
-60.36
|
|
Peer Median
|
8.11
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
13.85
Higher than Peers by 4.67
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
13.85
|
0.14
|
0.25
|
0.20
|
0.26
|
|
Peer Median
|
9.18
|
--
|
--
|
--
|
--
|
EBIT Growth
60.51
Higher than Peers by 45.54
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
60.51
|
51.72
|
19.77
|
-18.61
|
-162.94
|
|
Peer Median
|
14.98
|
--
|
--
|
--
|
--
|
Net Profit Growth
53.10
Higher than Peers by 38.74
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
53.10
|
47.23
|
18.73
|
-16.18
|
-136.81
|
|
Peer Median
|
14.36
|
--
|
--
|
--
|
--
|
EPS Growth
62.09
Higher than Peers by 37.69
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
62.09
|
0.59
|
0.29
|
0.00
|
-0.80
|
|
Peer Median
|
24.41
|
--
|
--
|
--
|
--
|
Book Value Growth
1.72
Lower than Peers by 12.30
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
1.72
|
--
|
--
|
--
|
--
|
|
Peer Median
|
14.02
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
--
|
0.74
|
0.60
|
1.02
|
0.66
|
|
Peer Median
|
0.35
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.24
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
0.24
|
0.24
|
0.26
|
0.45
|
0.30
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.00
Lower than Peers by 0.42
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
1.00
|
1.07
|
1.10
|
0.67
|
1.32
|
|
Peer Median
|
1.42
|
--
|
--
|
--
|
--
|
Quick Ratio
1.00
Lower than Peers by 0.40
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
1.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1.39
|
--
|
--
|
--
|
--
|
Interest Coverage
-3.42
Lower than Peers by 12.05
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
-3.42
|
-5.60
|
-12.27
|
-14.75
|
-10.99
|
|
Peer Median
|
8.63
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
3.37
Lower than Peers by 15.70
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
3.37
|
5.38
|
4.73
|
4.36
|
3.68
|
|
Peer Median
|
19.06
|
--
|
--
|
--
|
--
|
Asset Turnover
0.58
Higher than Peers by 0.09
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
0.58
|
0.81
|
0.85
|
0.72
|
0.54
|
|
Peer Median
|
0.49
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
--
|
17.39
|
15.01
|
13.58
|
10.63
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
--
|
--
|
--
|
--
|
45.23
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
--
|
9.76
|
10.75
|
18.40
|
23.70
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
--
|
--
|
--
|
--
|
32.16
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
--
|
-10.23
|
-5.40
|
-4.86
|
-3.94
|
|
Peer Median
|
29.68
|
--
|
--
|
--
|
--
|
Price / Book Value
11.35
Higher than Peers by 5.51
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
11.35
|
3.15
|
3.38
|
6.46
|
2.94
|
|
Peer Median
|
5.85
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
100.21
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
100.21
|
71.04
|
-15.33
|
-9.90
|
-6.76
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
978
Lower than Peers by 359
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Backblaze Inc (BLZE)
|
978
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,337
|
--
|
--
|
--
|
--
|