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Companies / Information Technology / Backblaze, Inc.
BLZE

Backblaze, Inc.

Information TechnologyPrepackaged Software
Ticker BLZESAN FRANCISCO, CAFiscal year ends DecemberBook value per share $1.34Diluted shares 60.9M

Backblaze, Inc. (Nasdaq: BLZE) provides cloud storage and backup services through its Backblaze Storage Cloud platform, serving individuals, developers, managed service providers, small and medium-sized businesses, and large enterprises. Its two primary services are B2 Cloud Storage, an infrastructure-as-a-service… From the company’s description.

Over the twelve months to Sep 30, 2026, Backblaze, Inc. reported revenue of $165.79M, up 16.9% from a year earlier, and a net loss of $19.01M. Its operating margin was −9.4%, and operations generated $32.10M in cash. In fiscal 2025, it reported revenue of $145.84M, up 14.3% from fiscal 2024, and a net loss of $25.61M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$145.84MFY2025
+14.3% year over year
Last 12 mo $165.79M
-16.20%FY2025
+20.1 percentage points
Last 12 mo -9.41%
$-25.61MFY2025
+47.2% year over year
Last 12 mo $-19.01M
-30.78%FY2025
+31.7 percentage points
Last 12 mo -23.39%
Cash & financing
$23.54MFY2025
+88.3% year over year
Last 12 mo $32.10M
$11.29MFY2025
+773.0% year over year
Last 12 mo $17.90M
0.43FY2025
Was 0.38× a year earlier
Last 12 mo 3.03
56.2MFY2025
+29.1% year over year
Last 12 mo 60.9M

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) provides cloud storage and backup services through its Backblaze Storage Cloud platform, serving individuals, developers, managed service providers, small and medium-sized businesses, and large enterprises. Its two primary services are B2 Cloud Storage, an infrastructure-as-a-service offering for application storage, AI and machine-learning workflows, backup, media, and other data needs, and Computer Backup, a subscription service that automatically backs up computers and external drives. B2 Overdrive is a premium, high-throughput option within B2 Cloud Storage, while the Powered by Backblaze program lets partners offer the company’s storage under their own brands. Backblaze sells through self-service and direct sales, as well as channel and technology partners. As of December 31, 2025, it served more than 500,000 customers in over 175 countries and managed approximately five billion gigabytes of stored data. The company was incorporated in 2007 and completed its initial public offering in 2021. Its website is www.backblaze.com.

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

Financial performance, year by year

Fiscal 2021–2025 · USD
$-82.26M$-14.61M$53.04M$120.69M$188.35M20212022202320242025Last 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
14.8%
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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