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Companies / Technology / Backblaze, Inc.
BLZE

Backblaze, Inc.

TechnologyPrepackaged Software
Ticker BLZESAN FRANCISCO, CAFiscal year ends DecemberBook value per share $1.47Diluted shares 60.0M

Backblaze, Inc. (Nasdaq: BLZE) operates a high-performance cloud storage platform designed for data-intensive workloads in the artificial intelligence era and across modern cloud computing environments. The company's website is www.backblaze.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$145.84M
+14.3% year over year
Last 12 mo $156.30M
-16.20%
+20.1 percentage points
Last 12 mo -11.20%
$-25.61M
+47.2% year over year
Last 12 mo $-20.43M
-30.78%
+31.7 percentage points
Last 12 mo -23.07%
Cash & financing
$23.54M
+88.3% year over year
Last 12 mo $28.84M
$11.29M
+773.0% year over year
Last 12 mo $15.44M
0.43
Was 0.38× a year earlier
Last 12 mo 0.53
56.2M
+29.1% year over year
Last 12 mo 60.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Backblaze, Inc. does

In the company’s own words

Backblaze, Inc. (Nasdaq: BLZE) operates a high-performance cloud storage platform designed for data-intensive workloads in the artificial intelligence era and across modern cloud computing environments. The company's website is www.backblaze.com.

The company provides cloud services through a purpose-built, web-scale software infrastructure constructed on commodity hardware, delivering object storage at exabyte scale. Backblaze's core offering, the Backblaze Storage Cloud, manages over one trillion files across hundreds of thousands of hard drives distributed across multiple data centers globally. The platform currently manages approximately five billion gigabytes of data storage under management for customers across more than 175 countries.

Backblaze operates two primary service offerings. B2 Cloud Storage provides direct access to the Backblaze Storage Cloud platform through industry-standard APIs, software development kits, web interfaces, and third-party integrations, serving use cases including AI and machine learning workflows, multi-cloud data storage, application development, content delivery, security and ransomware protection, and media management. The company also offers B2 Overdrive, a premium high-throughput solution featuring throughput up to one terabit per second and unlimited free egress. Computer Backup is a subscription-based software-as-a-service solution that continuously backs up laptops, desktops, and external hard drives with transparent, flat-rate pricing.

As of December 31, 2025, Backblaze served over 500,000 customers, including approximately 400,000 using Computer Backup and approximately 120,000 using B2 Cloud Storage. The company employs approximately 320 full-time employees, predominantly remote, with data center facilities located in California, Arizona, Virginia, Toronto, and Amsterdam.

Backblaze differentiates through operating efficiency, delivering high-performance enterprise-grade cloud storage at lower costs than traditional hyperscale providers. The company emphasizes ease of use, interoperability, and open cloud ecosystem integration. Revenue is substantially recurring in nature, generated through both consumption-based and subscription models. The company operates a land-and-expand business model, with B2 Cloud Storage revenue growing 26 percent and Computer Backup revenue growing 3 percent year-over-year in 2025.

Company details
Sector
Technology
Industry
Prepackaged Software
Headquarters
SAN FRANCISCO, CA
Fiscal year end
December
CIK
1462056
SIC
7372

Financial performance, year by year

Fiscal 2021–2025 · USD
$-81.31M$-16.51M$48.30M$113.10M$177.90M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Backblaze, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

122
funds hold it
1 of 35
superinvestors hold it
$123.66M
held by funds, at market
15.1%
of shares held by funds

Superinvestors in Backblaze, Inc. · what they did last quarter

Polen CapitalNEW
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Backblaze, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.06%of fund net assets
Driehaus Micro Cap Growth Fund
DMCRX · Driehaus Mutual Funds
1.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Backblaze, Inc. and its peers compare on margins and cash generation over ten years?”
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