Backblaze, Inc. (NASDAQ:BLZE)
Insiders filed in the last 90 days, but none of those trades qualified for scoring — round-trip buys and filings whose price is far off the market are excluded.
Loses money on what it sells.
- Revenue
- $156.3M
- Net income
- -$20.4M
- Net margin
- -13.1%
Heavily indebted for what it earns.
- Total debt
- $82.4M
- Cash
- $32.4M
- Net debt / EBITDA
- 4.83x
Owes more within a year than it holds to pay it.
- Current assets
- $68.7M
- Current liabilities
- $68.8M
- Current ratio
- 1.00
The business funds itself from operations.
- Operating cash flow
- $28.8M
- Free cash flow
- $20.6M
- FCF margin
- 13.2%
Some dilution over the past year.
- Shares outstanding
- 60.8M
- Share growth (1y)
- 9.3%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BLZE Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 42.71 M | 38.67 M | 37.76 M | 37.16 M | 36.30 M | 34.61 M |
| Revenue Growth (YoY) | 17.67 % | 11.71 % | 11.77 % | 14.03 % | 16.02 % | 15.50 % |
| Cost of Revenue | 15.88 M | 15.14 M | 14.34 M | 14.09 M | 13.26 M | 15.36 M |
| Gross Profit | 26.83 M | 23.53 M | 23.43 M | 23.07 M | 23.04 M | 19.26 M |
| SG&A Expense | 20.01 M | 17.60 M | 17.15 M | 14.95 M | 17.88 M | 16.17 M |
| R&D Expense | 11.00 M | 11.29 M | 11.14 M | 11.23 M | 11.88 M | 11.86 M |
| Operating Expenses | 31.01 M | 28.88 M | 28.09 M | 26.39 M | 29.76 M | 28.03 M |
| Operating Income | -4.17 M | -5.35 M | -4.67 M | -3.32 M | -6.72 M | -8.77 M |
| Pretax Income | -5.05 M | -6.12 M | -5.41 M | -3.78 M | -7.10 M | -9.24 M |
| Tax Provision | 40.00 K | 28.00 K | 0.00 | 0.00 | 0.00 | 84.00 K |
| Net Income | -5.09 M | -6.15 M | -5.41 M | -3.78 M | -7.10 M | -9.32 M |
| EPS (Basic) | -0.08 | -0.10 | -0.09 | -0.07 | -0.13 | -0.17 |
| EPS (Diluted) | -0.08 | -0.10 | -0.09 | -0.07 | -0.13 | -0.17 |
| Shares Outstanding | 60.79 M | 59.29 M | 56.21 M | 56.98 M | 55.63 M | 54.06 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.