Services-Prepackaged Software · SIC 7372

Backblaze, Inc.

BLZE

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Latest revenue

$38.7M

as of 2026-03-31

Latest net income

$-6.1M

as of 2026-03-31

Net margin

-15.9%

as of 2026-03-31

Price · 5Y

-20.8% / yr 34.6 pts / yr vs S&P 500 65.2% total
Compare:

Live market

delayed ≤15 min
$7.67
4.07%
Market cap
$463.9M
Enterprise value
$463.9M
P/E (trailing)
Forward P/E
P/B
Dividend yield
0.0%
52-wk high
$10.86
52-wk low
$3.26
Beta
Shares out
60.5M

5-year trend

What this company does

AI

Table of Contents Part I Item 1. Business Overview We are a high-performance cloud storage platform for data-intensive use cases in the artificial intelligence (“AI”) era and across a broad range of modern cloud workloads, designed to help customers address complex storage needs by reducing the barriers of lock-in, complexity, and cost. Our mission is to make customers succeed by solving their toughest data storage challenges. We aim to achieve this mission through our purpose-built, web-scale software infrastructure, which is essential to the global data center and compute infrastructure buildout. We provide cloud services through a purpose-built, web-scale software infrastructure built on…

AI summary unavailable — showing raw filing excerpt

Generated from BLZE's filing dated 2026-03-10

Key risks

AI

Item 1A. Risk Factors Certain factors may have a material adverse effect on our business, financial condition, and results of operations. You should carefully consider the risks and uncertainties described below, together with all of the other information in this Annual Report on Form 10-K, including the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and the accompanying notes, included elsewhere in this Annual Report on Form 10-K. Our business, financial condition, results of operations, or prospects could also be harmed by risks and uncertainties not currently known to us or that we currently…

AI summary unavailable — showing raw filing excerpt

Generated from BLZE's filing dated 2026-03-10

Profitability

Gross margin

60.9%

12.1%

Operating margin

-16.2%

55.3%

Net margin

-17.6%

53.8%

Return on equity

-30.8%

50.8%

Return on assets

-13.4%

53.6%

Leverage

Debt / equity

1.31×

11.4%

Debt / assets

56.6%

4.9%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$38.7M+11.7%$-6.1M+34.1%-15.9%

Q4 2025

2025-12-31

$37.8M+11.8%$-5.4M+62.3%-14.3%

Q3 2025

2025-09-30

$37.2M+14.0%$-3.8M+70.4%-10.2%

Q2 2025

2025-06-30

$36.3M+16.0%$-7.1M+31.4%-19.6%

Q1 2025

2025-03-31

$34.6M+15.5%$-9.3M+15.6%-26.9%

Q4 2024

2024-12-31

$33.8M$-14.4M-42.6%

Q3 2024

2024-09-30

$32.6M+28.8%$-12.8M+20.6%-39.1%

Q2 2024

2024-06-30

$31.3M+27.2%$-10.3M+27.8%-33.1%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Services-Prepackaged Software · SIC 7372

No data yet for industry average

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Insider activity

Insider buying

$0

Insider selling

$0

Net activity

+$0

Distinct insiders

0

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns BLZE

Institutional value

$36.8M

Total shares held

12.6M

Distinct holders

62

-82 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.3.7M$12.7M-56.1K (-1.5%)Trimmed
2VANGUARD CAPITAL MANAGEMENT LLC2.3M$8.1MNew
3Connor, Clark & Lunn Investment Management Ltd.833.3K$2.9M-122.4K (-12.8%)Trimmed
4VANGUARD PORTFOLIO MANAGEMENT LLC707.9K$2.4MNew
5DIMENSIONAL FUND ADVISORS LP517.6K$1.8M+312.5K (+152.3%)Added
6VANGUARD FIDUCIARY TRUST CO388.6K$1.3MNew
7P.A.W. CAPITAL CORP360.0K$1.2M+60.0K (+20.0%)Added
8PERKINS CAPITAL MANAGEMENT INC339.0K$1.2M+60.3K (+21.6%)Added
9UBS Group AG304.1K$1.0M+130.5K (+75.2%)Added
10Bank of New York Mellon Corp180.5K$622.8K-11.2K (-5.8%)Trimmed
11JPMORGAN CHASE & CO135.5K$448.4K-470.5K (-77.6%)Trimmed
12JANE STREET GROUP, LLC76.0K$262.1K-223.9K (-74.7%)Trimmed
13Penbrook Management LLC72.2K$248.9K+800 (+1.1%)Added
14Nuveen, LLC71.1K$245.4K+0 (+0.0%)No change
15Russell Investments Group, Ltd.68.0K$234.6K+639 (+0.9%)Added
16RHUMBLINE ADVISERS66.9K$230.9K+786 (+1.2%)Added
17DEUTSCHE BANK AG\58.7K$202.6K+7.0K (+13.4%)Added
18BNP PARIBAS FINANCIAL MARKETS49.2K$169.9K-23.4K (-32.2%)Trimmed
19Invesco Ltd.45.5K$156.9K+1.4K (+3.1%)Added
20Mariner, LLC42.1K$145.2KNew

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once BLZE's latest filing finishes processing.