Backblaze, Inc.
Description
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, Canada, and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. This service is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; repository for analytics, artificial intelligence and machine learning; and Internet of Things. In addition, the company offers Backblaze Computer Backup that automatically backs up data from laptops and desktops for businesses and individuals, which provides a subscription-based Software-as-a-Service and serves use cases, including computer backup, ransomware protection, theft and loss protection, and remote access. It serves the public cloud IaaS storage and Data-Protection-as-a-Service markets. The company was incorporated in 2007 and is headquartered in San Mateo, California.
About
CEO
Mr. Gleb Budman
Employees
381
Instrument type
Common Stock
Sector
Technology
Industry
Software - Infrastructure
MIC code
XNMS
Address
201 Baldwin Ave., San Mateo, CA 94401, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 13, 2025 | -0.23 | — | — | — |
| Nov 8, 2024 | -0.24 | -0.29 | -0.05 | 20.83% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 7 |
| Average estimate | — | -0.08 | — | -0.20 |
| Low estimate | — | -0.10 | — | -0.30 |
| High estimate | — | -0.05 | — | -0.11 |
| Last year EPS | — | -0.14 | — | -0.44 |
[stock_revenue_estimate]
Growth estimates
Current qtr
40.000%
Next qtr. (Mar 2025)
44.050%
Current year
48.170%
Next year (Dec 2025)
54.280%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 102.02M | 85.16M | 67.48M | 53.78M | 40.75M |
| Cost of revenue | 52.16M | 41.29M | 33.14M | 25.80M | 20.13M |
| Gross profit | 49.86M | 43.86M | 34.34M | 27.98M | 20.62M |
| Operating expense | |||||
| Research & development | 39.53M | 33.11M | 20.54M | 13.07M | 8.44M |
| Selling general and admin | 68.24M | 58.87M | 32.60M | 18.65M | 11.24M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -57.91M | -48.11M | -18.79M | -3.73M | 949,000 |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 3.79M | 4.29M | 3.68M | 2.89M | 1.93M |
| Other income expense | 1.98M | 965,000 | 863,000 | — | — |
| Pretax income | -59.71M | -51.44M | -21.61M | -6.62M | -980,000 |
| Tax provision | — | -39,000 | 96,000 | 5,000 | 16,000 |
| Net income | -59.71M | -51.40M | -21.70M | -6.62M | -996,000 |
| Basic EPS | -1.63 | -1.63 | -1.07 | -0.30 | -0.05 |
| Diluted EPS | -1.63 | -1.63 | -1.07 | -0.30 | -0.05 |
| Basic average shares | 36.01M | 31.66M | 20.35M | 22.05M | 21.97M |
| Diluted average shares | 36.01M | 31.66M | 20.35M | 22.05M | 21.97M |
| EBITDA | -33.01M | -27.91M | -2.47M | 9.22M | 10.27M |
| Net income from continuing op. | -59.71M | -51.40M | -21.70M | -6.62M | -996,000 |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 131.69M | 152.46M | 163.58M | 54.47M | 38.63M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 12.50M | 6.69M | 104.84M | 6.08M | 6.98M |
| Other short term investments | 16.80M | 58.73M | — | — | — |
| Accounts receivable | 800,000 | 856,000 | 309,000 | 209,000 | 81,000 |
| Other receivables | 3.65M | 2.28M | 1.51M | 1.11M | 1.03M |
| Inventory | — | — | — | — | — |
| Prepaid assets | 3.31M | 4.15M | 3.51M | 990,000 | 994,000 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 1.45M | 1.69M | 910,000 | 848,000 | 3,000 |
| Non current assets | |||||
| Properties | 115.98M | 97.71M | 75.76M | 62.39M | 43.30M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 16.48M | 14.12M | 9.43M | 5.55M | 4.14M |
| Construction in progress | 1.37M | 3.64M | — | 2.36M | 280,000 |
| Leases | 1.11M | 1.27M | 956,000 | 876,000 | 450,000 |
| Accumulated depreciation | -79.36M | -60.48M | -43.08M | -32.42M | -23.34M |
| Goodwill | 32.52M | 16.70M | 7.64M | 5.68M | 3.88M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 32.52M | 16.70M | 7.64M | 5.68M | 3.88M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 5.07M | 5.10M | 1.79M | 809,000 | 835,000 |
| Total liabilities | 86.75M | 83.71M | 68.10M | 61.31M | 41.22M |
| Current liabilities | |||||
| Accounts payable | 2.28M | 3.28M | 2.08M | 1.71M | 1.55M |
| Accrued expenses | 2.18M | 4.43M | 1.65M | 1.28M | 235,000 |
| Short term debt | 20.37M | 20.66M | 13.65M | 11.95M | 8.23M |
| Deferred revenue | 25.98M | 22.91M | 21.72M | 17.59M | 15.77M |
| Tax payable | 1.27M | 1.22M | 3.72M | 2.14M | 2.01M |
| Pensions | 4.53M | 3.14M | 1.65M | 1.30M | 389,000 |
| Other current liabilities | 486,000 | 629,000 | 606,000 | 414,000 | 67,000 |
| Non current liabilities | |||||
| Long term debt | 25.59M | 24.83M | 19.60M | 19.53M | 8.53M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | 298,000 | 820,000 | — |
| Shareholders equity | |||||
| Common stock | 4,000 | 4,000 | 3,000 | 5,000 | 5,000 |
| Retained earnings | -147.45M | -87.74M | -36.34M | -14.64M | -8.28M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 44.94M | 68.75M | 95.49M | -6.84M | -2.59M |
| Additional paid in capital | 192.39M | 156.49M | 131.83M | 7.79M | 5.68M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -59.71M | -51.40M | -21.70M | -6.62M | -996,000 |
| Depreciation | 24.90M | 20.20M | 16.32M | 12.95M | 9.32M |
| Deferred Taxes | — | — | — | — | — |
| Stock-Based Compensation | 25.18M | 17.05M | 5.63M | 1.88M | 1.39M |
| Other Non-Cash Items | 2.36M | 2.41M | 1.57M | 664,000 | — |
| Accounts Receivable | 56,000 | -547,000 | -100,000 | -128,000 | -20,000 |
| Accounts Payable | -295,000 | 1.63M | 502,000 | 143,000 | 482,000 |
| Other Assets & Liabilities | 1.67M | -945,000 | 4.43M | 2.95M | 2.73M |
| Operating Cash Flow | -5.84M | -11.61M | 6.64M | 11.84M | 12.91M |
| Investing Activities | |||||
| Capital Expenditures | -5.14M | -7.35M | -7.56M | -2.12M | -1.23M |
| Net Intangibles | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — |
| Purchase of Investments | -26.36M | -145.87M | — | — | — |
| Sale of Investments | 67.87M | 88.00M | — | — | — |
| Investing Cash Flow | 36.37M | -65.22M | -7.56M | -2.12M | -1.23M |
| Financing Activities | |||||
| Long-Term Debt Issuance | 8.72M | 4.31M | 17.81M | 2.27M | — |
| Long-Term Debt Payments | -23.96M | -16.49M | -15.65M | -10.86M | -7.73M |
| Other Financing Charges | -652,000 | -788,000 | -2.98M | -176,000 | — |
| Financing Cash Flow | -15.89M | -12.98M | 109.63M | -8.77M | -7.73M |
| Other Cash Details | |||||
| End Cash Position | 16.63M | 11.17M | 105.01M | 6.08M | 6.98M |
| Income Tax Paid | 59,000 | 31,000 | 14,000 | 11,000 | 4,000 |
| Interest Paid | 3.73M | 3.78M | 3.53M | 2.88M | 1.96M |
| Free Cash Flow | -27.58M | -29.76M | -7.67M | 7.84M | 9.63M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,147,339 | 7.24M | 2.58% |
| First Eagle Small Opportunity Fund | Oct 31, 2024 | 1,015,439 | 6.41M | 2.29% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 949,303 | 5.99M | 2.14% |
| Oberweis Micro-Cap Portfolio | Sep 30, 2024 | 538,700 | 3.40M | 1.21% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 532,084 | 3.36M | 1.20% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 407,932 | 2.57M | 0.92% |
| iShares Russell 2000 Growth ETF | Nov 30, 2024 | 358,793 | 2.26M | 0.81% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 208,471 | 1.32M | 0.47% |
| Vanguard Russell 2000 Index Fund | Nov 30, 2024 | 187,014 | 1.18M | 0.42% |
| Schwab Capital Trust-Small Cap Index Fund | Oct 31, 2024 | 99,478 | 627,706 | 0.22% |
Article
Backblaze to Announce Fourth Quarter and Full Year 2024 Results on February 25, 2025
SAN MATEO, Calif.--(BUSINESS WIRE)--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its fourth quarter and full year ending December 31, 2024 on Tuesday, February 25, 2025 after market close. Following the release of results, Backblaze will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) on February 25, 2025 to discuss the results. Attend the webcast: https://events.q4i.
Feb 7, 2025
Article
Backblaze B2 Cloud Storage Winter Update Makes Cloud Workloads More Secure and Streamlined
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #Cloud--Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, announces the Winter Release of its B2 Cloud Storage platform. This latest Infrastructure-as-a-Service (IaaS) release includes updates to help larger organizations secure and manage their data workflows. “Our high-performance, S3-compatible Backblaze B2 cloud object storage is used by more than 100,000 businesses and organizations, large.
Jan 30, 2025
Article
Backblaze Launches New Data Center in Canada, Now Open for Business
SAN MATEO, Calif.--(BUSINESS WIRE)---- $blze #BigData--Backblaze, Inc. (Nasdaq: BLZE), today announced the opening of a new data region in Canada. Located in Toronto, Ontario.
Jan 7, 2025
