Obermatt

Flags

Financial distress

Backblaze

NMQ:BLZE · US05637B1052
IT ServicesSmall

360

34
EV / EBIT3
Price / Owner Earnings97
Owner Earnings Yield1
Dividend Yield1
Price/Sales51
EV / Gross Profit30
Price/Book41
Return on Capital4
Cash Return on Capital14
Return on Equity4
EBIT Margin5
Gross Profitability77
Accruals93
Owner Earnings Margin17
Sales growth48
Profit growth16
Reinvestment6
Price momentum81
Debt load43
Refinancing46
Debt Payback1
Liquidity36
Analyst ratings45
Opinion Changes50
Price Target Upside26
Market mood21
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Backblaze clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryIT Services
SizeSmall
TypePublic Company
ExchangeNASDAQGM
Founded2007
Employees320
ISINUS05637B1052
Last UpdateApr 2, 2026
Themes
Cloud InfrastructureCloud StorageCloud Data ServicesStorage ManagementCloud ManagementIaaS (Infrastructure as a Service)DevSecOpsBackup and RecoverySoftware DevelopmentData ProtectionData StorageInformation Technology

Description

Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally. The company provides cloud services through a purpose-…

Analysis

Middle-of-the-road

Backblaze, Inc. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

Valuation data is not available for this company.

The trajectory is solid and the balance sheet is adequate. The company scores 10/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
7
2023202420252026

All-time high

18

Jan 2025

All-time low

1

Mar 2026

Average rank

7

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
51
70
75
62
Price/Earnings
15
57
57
57
Price/Book
41
36
45
98
Dividend Yield
1
1
1
1
Value (overall)
23
43
64
79

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →