BLZE

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0.000

0.000(0.000%)

Overview
Forecast
Valuation

High

4.420

Open

4.350

VWAP

4.34

Vol

319.54K

Mkt Cap

241.43M

Low

4.2177

Amount

1.39M

EV/EBITDA(TTM)

Total Shares

41.47M

216.53M

EV/OCF(TTM)

17.32

P/S(TTM)

1.50

Backblaze, Inc. is a specialized storage cloud platform. The Company is focused on providing businesses and consumers cloud services to store, use, and protect their data. The Company provides these cloud services through a purpose-built, Web-scale software infrastructure built on commodity hardware. Its software allows customers to focus on their core business operations. The Backblaze Storage Cloud organizes, safeguards, and keeps files available on demand. Its two cloud services on storage cloud include Blackblaze B2 Cloud Storage that enables customers to store data, developers to build applications, and partners to expand their use cases. 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 (SaaS) and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q2

FY2025Q1

36.60M

+12.32%

-0.037

-62.86%

35.25M

+12.66%

-0.049

-55.85%

34.22M

+14.18%

-0.060

-57.14%

Estimates Revision

The market is revising Downward the revenue expectations for Backblaze, Inc. (BLZE) for FY2025, with the revenue forecasts being adjusted by -0.86% over the past three months. During the same period, the stock price has changed by -28.57%.

Revenue Estimates for FY2025

Revise Downward

-0.86%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-22.4%

In Past 3 Month

Stock Price

Go Down

-28.57%

In Past 3 Month

5 Analyst Rating

134.77% Upside

Wall Street analysts forecast BLZE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLZE is 10.33 USD with a low forecast of 8.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

0 Hold

0 Sell

Strong Buy

134.77% Upside

Current: 4.400

Low

8.00

Averages

10.33

High

12.00

134.77% Upside

Current: 4.400

Low

8.00

Averages

10.33

High

12.00

Needham

Matt Dezort

Strong Buy

Initiates

2025-03-11

Reason

Needham

Matt Dezort

Price Target

2025-03-11

Initiates

Strong Buy

Reason

Lake Street

Eric Martinuzzi

Strong Buy

Maintains

$12 → $11

2025-02-26

Reason

Lake Street

Eric Martinuzzi

Price Target

$12 → $11

2025-02-26

Maintains

Strong Buy

Reason

B. Riley Securities

Zach Cummins

Strong Buy

Maintains

$12 → $11

2025-02-18

Reason

B. Riley Securities

Zach Cummins

Price Target

$12 → $11

2025-02-18

Maintains

Strong Buy

Reason

Raymond James

Simon Leopold

Buy

Maintains

$13 → $14

2024-11-08

Reason

Raymond James

Simon Leopold

Price Target

$13 → $14

2024-11-08

Maintains

Buy

Reason

Craig-Hallum

Chad Bennett

Strong Buy

Maintains

$10 → $11

2024-10-21

Reason

Craig-Hallum

Chad Bennett

Price Target

$10 → $11

2024-10-21

Maintains

Strong Buy

Reason

Craig-Hallum raised the firm's price target on Backblaze to $11 from $10 and keeps a Buy rating on the shares following many conversations with current and prospective Backblaze holders. The firm sees the 16-times EBITDA/1.9-times revenue multiple a significant disconnect from the quality/differentiation it found and the 27% MRQ revenue growth and path to free cash flow B/E by mid-2025.

Oppenheimer

Ittai Kidron

Buy

Maintains

$11 → $10

2024-08-09

Reason

Oppenheimer

Ittai Kidron

Price Target

$11 → $10

2024-08-09

Maintains

Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Backblaze Inc (BLZE.O) is -27.90, compared to its 5-year average forward P/E of -13.85. For a more detailed relative valuation and DCF analysis to assess Backblaze Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-13.85

Current PE

-27.90

Overvalued PE

-4.54

Undervalued PE

-23.16

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

3.52

Current EV/EBITDA

9.68

Overvalued EV/EBITDA

90.00

Undervalued EV/EBITDA

-82.97

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

2.44

Current PS

1.68

Overvalued PS

3.97

Undervalued PS

0.90

Financials

Annual

Quarterly

FY2024Q4

YoY :

+17.57%

33.79M

Total Revenue

FY2024Q4

YoY :

-17.98%

-9.37M

Operating Profit

FY2024Q4

YoY :

+17.77%

-14.38M

Net Income after Tax

FY2024Q4

YoY :

-6.25%

-0.30

EPS - Diluted

FY2024Q4

YoY :

-2.81%

-829.00K

Free Cash Flow

FY2024Q4

YoY :

+4.34%

54.77

Gross Profit Margin - %

FY2024Q4

YoY :

-95.15%

-1.31

FCF Margin - %

FY2024Q4

YoY :

+0.16%

-42.55

Net Margin - %

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

24.9K

USD

3-6

Months

200.8K

USD

6-9

Months

400.5K

USD

0-12

Months

161.7K

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

0.0

Volume

6-9

Months

0.0

Volume

0-12

Months

0.0

Volume

Bought

0-3

0.0

Volume

Months

3-6

0.0

Volume

Months

6-9

0.0

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

24.9K

USD

3-6

Months

200.8K

USD

6-9

Months

400.5K

USD

0-12

Months

161.7K

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

BLZE News & Events

Events Timeline

(ET)

2025-02-25

16:08:19

Backblaze sees Q1 revenue $34.1M-$34.5M, consensus $34.22M

2025-02-25

16:08:02

Backblaze sees FY25 revenue $144M-$146M, consensus $146.29M

2025-02-25

16:07:16

Backblaze reports Q4 adjusted EPS (6c), consensus (9c)

News

Preview

7.0

04-30PRnewswire

Backblaze Investor News: Rosen Law Firm Encourages Backblaze, Inc. Investors to Inquire About Securities Class Action Investigation - BLZE

Preview

7.0

04-30Globenewswire

BACKBLAZE ALERT: Bragar Eagel & Squire, P.C. is Investigating Backblaze, Inc. on Behalf of Backblaze Stockholders and Encourages Investors to Contact the Firm