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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 $133M
LTM EBITDA $16.3M
$237M
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 of $133M and a last 12-month EBITDA of $16.3M.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $102M | $128M | XXX | XXX | XXX |
| Gross Profit | $43.9M | $49.9M | XXX | XXX | XXX |
| Gross Margin | 43% | 39% | XXX | XXX | XXX |
| EBITDA | -$31.0M | -$16.5M | XXX | XXX | XXX |
| EBITDA Margin | -30% | -13% | XXX | XXX | XXX |
| Net Profit | -$51.4M | -$59.7M | XXX | XXX | XXX |
| Net Margin | -50% | -47% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Backblaze's stock price is $5.
Backblaze has current market cap of $246M, and EV of $237M.
See Backblaze trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $237M | $246M | XXX | XXX | XXX | XXX | $-0.33 |
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Sign UpAs of April 15, 2025, Backblaze has market cap of $246M and EV of $237M.
Backblaze's trades at 1.8x LTM EV/Revenue multiple, and 14.6x LTM EBITDA.
Analysts estimate Backblaze's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Backblaze and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $237M | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | -14.4x | XXX | XXX | XXX |
| P/E | -5.1x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -141.6x | 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.
Sign UpBackblaze's NTM/LTM revenue growth is 14%
Backblaze's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Backblaze's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Backblaze's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Backblaze and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -13% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -47% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 1% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 35% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 23% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 33% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 91% | XXX | 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 |
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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 |
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Sign Up| 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 $246M |
| What is the current revenue of Backblaze? | Backblaze's last 12-month revenue is $133M. |
| What is the current EBITDA of Backblaze? | Backblaze's last 12-month EBITDA is $16.3M. |
| What is the current EV/Revenue multiple of Backblaze? | Current revenue multiple of Backblaze is 1.8x. |
| What is the current EV/EBITDA multiple of Backblaze? | Current EBITDA multiple of Backblaze is 14.6x. |
| What is the current revenue growth of Backblaze? | Backblaze revenue growth between 2023 and 2024 was 25%. |
| Is Backblaze profitable? | Yes, Backblaze is EBITDA-positive (as of the last 12 months). |
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