Backblaze, Inc. BLZE Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 62.1%+1.2pp | 60.9%+1.8pp | 59.1%+1.9pp | 57.3%+2.2pp | 55%+0.7pp | |
| Operating margin | -13.4%+2.7pp | -16.1%+6.9pp | -23%+7.2pp | -30.2%+3.5pp | -33.7%+2.6pp | |
| Net margin | -15%+2.6pp | -17.6%+6.8pp | -24.4%+7.3pp | -31.7%+3.7pp | -35.4%+2.6pp | |
| Returns | ||||||
| Return on equity | -27.6%+4.2pp | -31.8%+23.2pp | -55%+14.8pp | -69.8%+4.9pp | -74.8%+4.4pp | |
| Return on invested capital | -19.7%+4.9pp | -24.6%+8.6pp | -33.3%+13.8pp | -47.1%+9.5pp | -56.5%+9.8pp | |
| Efficiency | ||||||
| Asset turnover | 0.8×0.0× | 0.8×-0.1× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | |
| Liquidity | ||||||
| Current ratio | 1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.8×+0.2× | 0.6×0.0× | |
| Per Share | ||||||
| Book value per share | $1.43-3.6% | $1.48+1.8% | $1.45+1.5% | $1.43-0.5% | $1.44-19.3% | |
| Valuation | ||||||
| Market capitalization | $805.4M+194% | $268.78M-48.7% | $523.97M+75.5% | $298.49M+13.8% | $262.27M-15.5% | |
| Price / sales | 5.4×+3.3× | 1.8×-1.9× | 3.7×+1.5× | 2.2×+0.2× | 2×-0.5× | |
| Price / book | 9.5×+6.0× | 3.2×-3.1× | 6.3×+2.6× | 3.7×+0.4× | 3.4×-0.6× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Backblaze, Inc.'s profit margins?
- Backblaze, Inc. (BLZE) runs a 62.1% gross margin and a -13.4% operating margin, with a -15.0% net margin.
- Where do Backblaze, Inc.'s ratios come from?
- Every ratio is computed from Backblaze, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
