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Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States and the rest from the United Kingdom, Canada, and Other regions.
2007
346
LTM Revenue $135M
LTM EBITDA $18.1M
$307M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Backblaze has a last 12-month revenue (LTM) of $135M and a last 12-month EBITDA of $18.1M.
In the most recent fiscal year, Backblaze achieved revenue of $128M and an EBITDA of -$16.5M.
Backblaze expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Backblaze valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $135M | XXX | $128M | XXX | XXX | XXX |
| Gross Profit | $105M | XXX | $69.3M | XXX | XXX | XXX |
| Gross Margin | 78% | XXX | 54% | XXX | XXX | XXX |
| EBITDA | $18.1M | XXX | -$16.5M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | -13% | XXX | XXX | XXX |
| EBIT | -$11.3M | XXX | -$46.3M | XXX | XXX | XXX |
| EBIT Margin | -8% | XXX | -36% | XXX | XXX | XXX |
| Net Profit | -$42.7M | XXX | -$48.5M | XXX | XXX | XXX |
| Net Margin | -32% | XXX | -38% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Backblaze's stock price is $6.
Backblaze has current market cap of $313M, and EV of $307M.
See Backblaze trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $307M | $313M | XXX | XXX | XXX | XXX | $-0.29 |
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Start Free TrialAs of May 30, 2025, Backblaze has market cap of $313M and EV of $307M.
Backblaze's trades at 2.4x EV/Revenue multiple, and -18.6x EV/EBITDA.
Equity research analysts estimate Backblaze's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Backblaze has a P/E ratio of -7.3x.
See valuation multiples for Backblaze and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $313M | XXX | $313M | XXX | XXX | XXX |
| EV (current) | $307M | XXX | $307M | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | 17.0x | XXX | -18.6x | XXX | XXX | XXX |
| EV/EBIT | -27.1x | XXX | -6.6x | XXX | XXX | XXX |
| EV/Gross Profit | 2.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | -7.3x | XXX | -6.4x | XXX | XXX | XXX |
| EV/FCF | -55.8x | XXX | -183.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialBackblaze's last 12 month revenue growth is 14%
Backblaze's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.
Backblaze's rule of 40 is -17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Backblaze's rule of X is 48% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Backblaze and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | -13% | XXX | XXX | XXX |
| EBITDA Growth | 60% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -17% | XXX | 1% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 35% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 33% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 91% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Dropsuite | XXX | XXX | XXX | XXX | XXX | XXX |
| Dubber | XXX | XXX | XXX | XXX | XXX | XXX |
| DUG Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| Megaport | XXX | XXX | XXX | XXX | XXX | XXX |
| Nextdc | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Backblaze acquired XXX companies to date.
Last acquisition by Backblaze was XXXXXXXX, XXXXX XXXXX XXXXXX . Backblaze acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Backblaze founded? | Backblaze was founded in 2007. |
| Where is Backblaze headquartered? | Backblaze is headquartered in United States of America. |
| How many employees does Backblaze have? | As of today, Backblaze has 346 employees. |
| Who is the CEO of Backblaze? | Backblaze's CEO is Mr. Gleb Budman. |
| Is Backblaze publicy listed? | Yes, Backblaze is a public company listed on NAS. |
| What is the stock symbol of Backblaze? | Backblaze trades under BLZE ticker. |
| When did Backblaze go public? | Backblaze went public in 2021. |
| Who are competitors of Backblaze? | Similar companies to Backblaze include e.g. Dropsuite, Dubber, DUG Tech, Megaport. |
| What is the current market cap of Backblaze? | Backblaze's current market cap is $313M |
| What is the current revenue of Backblaze? | Backblaze's last 12 months revenue is $135M. |
| What is the current revenue growth of Backblaze? | Backblaze revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Backblaze? | Current revenue multiple of Backblaze is 2.3x. |
| Is Backblaze profitable? | Yes, Backblaze is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Backblaze? | Backblaze's last 12 months EBITDA is $18.1M. |
| What is Backblaze's EBITDA margin? | Backblaze's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Backblaze? | Current EBITDA multiple of Backblaze is 17.0x. |
| What is the current FCF of Backblaze? | Backblaze's last 12 months FCF is -$5.5M. |
| What is Backblaze's FCF margin? | Backblaze's last 12 months FCF margin is -4%. |
| What is the current EV/FCF multiple of Backblaze? | Current FCF multiple of Backblaze is -55.8x. |
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