Backblaze BLZE

NASDAQ BLZE
$9.29 +0.69 (+8.02%)
At close: Oct 19, 2026 · 4:00 PM EDT

Backblaze (BLZE) stock price is $9.29, up 8.02% on the day, as of Oct 19, 2026. It has a market cap of $528.75Mn, and is classified in the Cloud Platforms industry (Technology sector).

Key Stats
Market Cap528.75 Mn
P/E-27.68
Div. Yield0.00
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About

Backblaze is a cloud infrastructure provider that operates a high-performance, web-scale cloud storage platform, specializing in data-intensive workloads across the modern artificial intelligence (“AI”) era. The company’s core objective is to address complex data storage requirements by mitigating vendor lock-in, operational complexity, and escalating costs for its users. Backblaze achieves this by deploying a purpose-built software infrastructure that runs on…

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Sector: Technology Sector rationale Backblaze is a cloud infrastructure provider that designs and operates its own proprietary web-scale software architecture to sell cloud storage and backup services. Its revenue is derived from B2 Cloud Storage and Computer Backup services, which fall under the 'Cloud Platforms' and 'Data Infrastructure' industries within the Technology sector. Industries: Cloud Platforms Cloud Platforms Primary Backblaze operates a web-scale cloud storage platform, specifically the B2 Cloud Storage segment, which provides on-demand infrastructure-as-a-service (IaaS) for object storage. The company generates revenue from the volume of data stored and managed on its own purpose-built software infrastructure and physical hardware. Data Infrastructure Data Infrastructure Secondary The company provides foundational data infrastructure through its B2 Cloud Storage, which allows users to store, protect, and orchestrate massive scale data using industry-standard APIs. This serves as the data layer for AI workflow development and machine learning workloads. Classified using BQ-MICS CIK: 0001462056

Product and Service Breakdown of Revenue (2024)

History

Geographical Breakdown of Revenue (2024)

History
Peer percentiles

How Backblaze ranks

Ranked against the 38 companies in Cloud Computing58 metrics · as of Oct 16, 2026

Valuation

12 metrics · Lower multiples rank higher; a negative multiple ranks last
  • P/ENegative earnings −29.6xMedian 25.3x 49th
  • P/FCF —Median 16.0x No data —
  • P/Operating cash flow —Median 15.8x No data —
  • P/S —Median 5.54x No data —
  • P/B 6.87xMedian 4.13x 30th
  • P/Tangible book 13.5xMedian 4.11x 15th
  • EV/EBITDA —Median 22.1x No data —
  • EV/EBIT —Median 25.5x No data —
  • EV/Revenue —Median 4.81x No data —
  • EV/FCF —Median 15.9x No data —
  • EV/Operating cash flow —Median 13.7x No data —
  • PEG (3Y EPS CAGR)Negative earnings −0.72Median 0.35 Not meaningful —
Peer group

Peer Comparison

Companies in the Cloud Platforms
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S.No. Ticker Company Market CapP/EP/STotal Debt (Qtr)
1 MSFT Microsoft Corp 3,964.86 Bn29.6411.9540.29 Bn
2 IBM International Business Machines Corp 222.38 Bn20.733.2261.99 Bn
3 NET Cloudflare, Inc. 105.62 Bn-512.0342.041.29 Bn
4 EQIX Equinix Inc 96.25 Bn62.789.8219.70 Bn
5 NBIS Nebius Group N.V. 41.41 Bn46.2330.568.55 Bn
6 CRWV CoreWeave, Inc. 33.73 Bn-17.494.443.66 Bn
7 VRSN Verisign Inc/Ca 27.82 Bn32.7316.292.33 Bn
8 BLZE Backblaze, Inc. 0.53 Bn-27.68--