What is Backblaze, Inc.'s price / book?

Backblaze, Inc. (BLZE) reported price / book of 2.4× in Q1 2026.

How has Backblaze, Inc.'s price / book changed year-over-year?

Backblaze, Inc.'s price / book decreased by 27.4% year-over-year, from 3.4× to 2.4×.

What is the long-term trend for Backblaze, Inc.'s price / book?

Over 4 years (2021 to 2025), Backblaze, Inc.'s price / book has grown at a -11.9% compound annual growth rate (CAGR), from 5.4× to 3.2×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Backblaze, Inc. BLZE Price / book

Price / book at other companies

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6.6×-2.0×

NetAppNTAP

16.2×-1.3×

AmazonAMZN

5.1×-1.5×

Cloudflare, Inc.NET

47.6×+20.3×

DigitalOceanDOCN

10×—

Alphabet Inc.GOOGL

——

Other financials

Income statement

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Revenue$38.7M+11.7%

Gross profit$23.5M+22.2%

Operating income-$5.4M+39.0%

Net income-$6.1M+34.1%

EPS (diluted)-$0.10+41.2%

Balance sheet

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Cash & equivalents$26.3M-35.3%

Total debt$62.0M+35.7%

Total equity$84.6M+8.8%

Total assets$192.7M+13.2%

Cash flow

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Operating cash flow$3.4M-32.0%

CapEx$651.0K+29.4%

Free cash flow$2.7M-39.0%

Valuation

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Market cap$805.4M+194%

Enterprise value$841.15M+201%

P/S5.4×+3.3×

Profitability

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Gross margin62.1%+7.1pp

Operating margin-13.4%-5.0pp

Net margin-15%-5.5pp

FCF margin11.4%+2.2pp

Returns & leverage

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Return on equity-27.6%-10.7pp

Debt / equity0.7×+0.1×

Current ratio1×0.0×

Where this comes from

Calculated from Backblaze, Inc.’s reported figures.

market cap/total stockholders equity=2.4×

Based on the most recent quarter.

The official record: Backblaze, Inc.’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Backblaze, Inc.'s price / book?: Backblaze, Inc. (BLZE) reported price / book of 2.4× in Q1 2026.
How has Backblaze, Inc.'s price / book changed year-over-year?: Backblaze, Inc.'s price / book decreased by 27.4% year-over-year, from 3.4× to 2.4×.
What is the long-term trend for Backblaze, Inc.'s price / book?: Over 4 years (2021 to 2025), Backblaze, Inc.'s price / book has grown at a -11.9% compound annual growth rate (CAGR), from 5.4× to 3.2×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.