BLZE
Backblaze, Inc.Technology · $813M market cap
Verdict
Share price
$14.36
close of Oct 3, 2026
Fair value
$6.47
Sticker Price
Payback Price
—
no buy price
BLZE is Overpriced: at $14.36 it trades 122% above its fair value of $6.47. There's no buy price: it has lost money 3 years in a row, so its value rests on sales alone. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.
How we valued it
Sales-Based (P/S). It has reported a loss for 3 years in a row. Its free cash flow looks positive ($0.01B), but $0.03B of that is stock paid to employees rather than cash, so we value it on its sales instead.
Business quality
1 of 5 clear the 10% bar. What are the Big Five?
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1 of the investors we track holds BLZE. In Q2 2026, 1 opened a position. Who we track
Moves in Q2 2026
New position: Polen Capital Management
About Backblaze, Inc.
Backblaze, Inc. functions as a cloud storage provider, delivering comprehensive online services for businesses and individual consumers to securely store, manage, and access their data globally. The company's cloud solutions are underpinned by a highly scalable software infrastructure built upon cost-effective, commercial-grade hardware. One of its flagship offerings is Backblaze B2 Cloud Storage, a versatile…
Software - Infrastructure
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works