Share Price | Backblaze, Inc. Stock Analysis & Recommendation

Q: Is Backblaze, Inc. technically bullish or bearish?

As of 24 October 2025, the technical trend for Backblaze, Inc. has changed from mildly bullish to bullish. The weekly and monthly MACD indicators are both bullish, supporting a positive outlook. Additionally, the Bollinger Bands are bullish on both time frames, and the daily moving averages also indicate a bullish stance. However, the KST shows a bearish signal on the monthly, and the OBV is mildly bearish on the weekly, suggesting some caution. There is no available return data to compare the company's performance against the S&P 500. Overall, the current technical stance is bullish, with a strong emphasis on the positive MACD and Bollinger Bands.

Q: How big is Backblaze, Inc.?

Market Cap: As of Jun 18, Backblaze, Inc. has a market capitalization of 282.19 million, categorizing it as a Micro Cap company.Recent Quarterly Performance: For the latest four quarters, Backblaze reported net sales of 132.28 million and a net profit of -46.80 million.Balance Sheet Snapshot: As of Dec 24, Backblaze's shareholder's funds amounted to 77.62 million, while total assets were reported at 168.56 million.

Q: What does Backblaze, Inc. do?

Overview: Backblaze, Inc. operates in the IT - Hardware industry and is classified as a micro-cap company.Financial Snapshot: Most recent Net Sales: 35 Million (Quarterly Results - Mar 2025) Most recent Net Profit: -9 Million (Quarterly Results - Mar 2025) Market-cap: USD 282.19 Million (Micro Cap)Key Metrics: P/E: NA (Loss Making) Industry P/E: NA Dividend Yield: 0.00% Debt Equity: -0.43 Return on Equity: -58.58% Price to Book: 3.63Contact Details: Registrar Address: Not available.

Q: Should I buy, sell or hold Backblaze, Inc.?

Based on the latest information regarding Backblaze, Inc., it appears that holding the stock may be the most prudent decision at this time. The company has shown some positive developments, such as achieving the highest operating cash flow of USD 14.03 million and a slight improvement in net profit, although it remains negative at USD -22.46 million. However, the presence of negative EBITDA indicates that the company is facing some financial challenges. Additionally, while the stock has not generated any returns over the past year, there has been a modest increase in profits of 7.4%. On a more positive note, the high institutional ownership at 53.98% suggests that knowledgeable investors are confident in the company's potential, and their stake has increased, indicating a positive outlook. Given these factors, holding Backblaze, Inc. might be a sensible approach while monitoring its performance and market conditions.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

2.92 M

Shareholding (Mar 2026)

FII

7.76%

Held by 48 FIIs

DII

92.20%

Held by 23 DIIs

Promoter

0.04%

Is Backblaze, Inc. technically bullish or bearish?

28-Oct-2025

As of October 24, 2025, Backblaze, Inc. shows a bullish technical trend supported by positive MACD and Bollinger Bands, though caution is advised due to a bearish KST signal and mildly bearish OBV.

View full answer

How big is Backblaze, Inc.?

22-Jun-2025

As of Jun 18, Backblaze, Inc. has a market capitalization of 282.19 million, with net sales of 132.28 million and a net profit of -46.80 million over the latest four quarters. Shareholder's funds are 77.62 million, and total assets are 168.56 million.

View full answer

What does Backblaze, Inc. do?

22-Jun-2025

Backblaze, Inc. is a micro-cap company in the IT - Hardware industry, reporting net sales of $35 million and a net loss of $9 million as of March 2025. It has a market cap of $282.19 million, with key metrics indicating no dividend yield and negative return on equity.

View full answer

Should I buy, sell or hold Backblaze, Inc.?

22-Jun-2025

Compare Backblaze, Inc. with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

With a growth in Net Sales of 11.71%, the company declared Very Positive results in Mar 26

The company has declared positive results for the last 5 consecutive quarters
OPERATING CASH FLOW(Y) Highest at USD 21.36 MM
ROCE(HY) Highest at -27.63%
NET SALES(Q) Highest at USD 38.67 MM

Risky -

High Institutional Holdings at 69.89%

Market Beating performance in long term as well as near term

Mojo Parameters

Stock DNA

Industry

IT - Hardware

Market cap

USD 204 Million (Micro Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.38

Return on Equity

-27.07%

Price to Book

2.46

Revenue and Profits:

Net Sales:

39 Million

(Quarterly Results - Mar 2026)

Net Profit:

-6 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

236.24%

6 Months

149.38%

1 Year

120.04%

2 Years

117.64%

3 Years

179.02%

4 Years

116.06%

5 Years

0.0%

Backblaze, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

22.08%

EBIT Growth (5y)

-228.52%

EBIT to Interest (avg)

-9.33

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

-0.43

Sales to Capital Employed (avg)

1.45

Tax Ratio

0.18%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

69.89%

ROCE (avg)

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

2.46

EV to EBIT

-8.43

EV to EBITDA

34.94

EV to Capital Employed

3.33

EV to Sales

1.19

PEG Ratio

Dividend Yield

ROCE (Latest)

-39.52%

ROE (Latest)

-27.07%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

Bearish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Moving Averages

Mildly Bearish (Daily)

KST

Mildly Bullish

Bearish

Dow Theory

Mildly Bullish

No Trend

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 39 Schemes (18.94%)

Foreign Institutions

Held by 48 Foreign Institutions (7.76%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Mar'26 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Mar 2026 is 11.85% vs 15.33% in Mar 2025",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Mar 2026 is 34.41% vs 16.22% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
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          "field": "Net Sales",
          "val1": "38.70",
          "val2": "34.60",
          "chgp": "11.85%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "3.40",
          "val2": "-1.20",
          "chgp": "383.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "1.20",
          "val2": "0.90",
          "chgp": "33.33%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-2.20",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-6.10",
          "val2": "-9.30",
          "chgp": "34.41%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-81.80%",
          "val2": "-257.70%",
          "chgp": "17.59%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2025 is 14.26% vs 25.10% in Dec 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2025 is 47.22% vs 18.76% in Dec 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "145.80",
          "val2": "127.60",
          "chgp": "14.26%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "5.00",
          "val2": "-13.10",
          "chgp": "138.17%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "3.90",
          "val2": "3.70",
          "chgp": "5.41%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-3.00",
          "val2": "-4.90",
          "chgp": "38.78%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-25.60",
          "val2": "-48.50",
          "chgp": "47.22%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-141.30%",
          "val2": "-324.60%",
          "chgp": "18.33%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Mar'26 - YoY

Mar'26

Mar'25

Change(%)

Net Sales

38.70

34.60

11.85%

Operating Profit (PBDIT) excl Other Income

3.40

-1.20

383.33%

Interest

1.20

0.90

33.33%

Exceptional Items

-2.20

0.00

Consolidate Net Profit

-6.10

-9.30

34.41%

Operating Profit Margin (Excl OI)

-81.80%

-257.70%

17.59%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Mar 2026 is 11.85% vs 15.33% in Mar 2025

Consolidated Net Profit

YoY Growth in quarter ended Mar 2026 is 34.41% vs 16.22% in Mar 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

145.80

127.60

14.26%

Operating Profit (PBDIT) excl Other Income

5.00

-13.10

138.17%

Interest

3.90

3.70

5.41%

Exceptional Items

-3.00

-4.90

38.78%

Consolidate Net Profit

-25.60

-48.50

47.22%

Operating Profit Margin (Excl OI)

-141.30%

-324.60%

18.33%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is 14.26% vs 25.10% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is 47.22% vs 18.76% in Dec 2024

All Annual Results

Company CV

About Backblaze, Inc.

Backblaze, Inc.

IT - Hardware

No Details Available.

Company Coordinates

No Company Details Available