Backblaze, Inc. BLZE Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 60.9%+6.6pp | 54.3%+5.5pp | 48.9%-2.6pp | 51.5%+0.6pp | |
| Operating margin | -16.1%+20.2pp | -36.3%+20.5pp | -56.8%-0.3pp | -56.5%-28.6pp | |
| Net margin | -17.6%+20.5pp | -38%+20.5pp | -58.5%+1.8pp | -60.4%-28.2pp | |
| EBITDA margin | 1.5%+15.5pp | -14.1%+18.3pp | -32.3%+0.5pp | -32.8%-29.2pp | |
| Free cash flow margin | 12.9%+4.5pp | 8.5%— | —— | -24.8%— | |
| Returns | |||||
| Return on equity | -31.8%+47.3pp | -79.2%+25.9pp | -105%-42.5pp | -62.6%— | |
| Return on assets | -14.2%+18.1pp | -32.3%+9.7pp | -42%-9.5pp | -32.5%-12.6pp | |
| Return on invested capital | -24.6%+41.7pp | -66.3%+4.1pp | -70.3%+18.9pp | -89.2%— | |
| Efficiency | |||||
| Asset turnover | 0.8×0.0× | 0.9×+0.1× | 0.7×+0.2× | 0.5×-0.1× | |
| Liquidity | |||||
| Current ratio | 1.1×0.0× | 1.1×+0.4× | 0.7×-0.6× | 1.3×-1.1× | |
| Quick ratio | 1.1×0.0× | 1.1×+0.4× | 0.7×-0.6× | 1.3×-1.1× | |
| Cash ratio | 0.5×-0.3× | 0.8×+0.5× | 0.3×+0.2× | 0.1×-2.2× | |
| Leverage | |||||
| Debt-to-equity | 0.7×+0.2× | 0.6×-0.2× | 0.8×+0.2× | 0.6×+0.4× | |
| Debt-to-assets | 0.3×+0.1× | 0.3×0.0× | 0.3×0.0× | 0.3×+0.1× | |
| Net debt / EBITDA | 15.1×— | —— | —— | —— | |
| Interest coverage | -6.1×+6.6× | -12.7×+2.6× | -15.3×-4.1× | -11.2×-6.1× | |
| Per Share | |||||
| Book value per share | $1.48-17.0% | $1.78+42.9% | $1.25-42.5% | $2.17-53.7% | |
| Valuation | |||||
| Market capitalization | $805.4M+194% | $310.56M+8.8% | $285.38M+42.3% | $200.49M-60.8% | |
| Enterprise value | $841.15M+201% | $308.41M+1.2% | $304.64M+31.2% | $232.19M-45.2% | |
| Price / sales | 5.4×+3.3× | 2.4×-0.4× | 2.8×+0.4× | 2.4×-5.2× | |
| Price / book | 9.5×+6.0× | 4×-2.3× | 6.4×+3.4× | 2.9×-2.4× | |
| EV / EBITDA | 186.5×— | —— | —— | —— | |
| EV / sales | 5.6×+3.5× | 2.4×-0.6× | 3×+0.3× | 2.7×-3.6× | |
| Free cash flow yield | 2.1%-2.3pp | 3.5%— | —— | -10.5%— | |
| Earnings yield | -2.8%+14.3pp | -15.6%+5.3pp | -20.9%+4.7pp | -25.6%-21.4pp |
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.
