Backblaze, Inc. (BLZE) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BLZE SEC filings page.
Backblaze, Inc. (BLZE) reported $156.3M in revenue over the twelve months to Jun 30, 2026, up 13.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Backblaze’s margin improvement now supports positive cash generation, while near-balance working capital and continuing losses constrain financial flexibility.
Gross-margin expansion reached60.9% in FY2025 from48.9% in FY2023, while operating performance also improved, pointing to a mix or cost-structure shift rather than growth alone. Cash conversion has turned positive: operating cash flow of$23.5M exceeded free cash flow of$18.9M , showing that reported losses no longer describe the business’s cash movement by themselves.
Revenue rose to
Despite positive free cash flow, the current ratio was only 1.1x and debt-to-equity was 1.3x in FY2025, leaving a relatively narrow short-term balance-sheet cushion. The combination of positive cash generation and modest liquidity indicates a business improving operationally without a broadly conservative financing structure.
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Backblaze, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Backblaze, Inc. held $51.4M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $23.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Backblaze, Inc. scores 86/100 among other emerging companies.
Backblaze, Inc. had 60M shares outstanding at the end of fiscal year 2025, against 54M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Backblaze, Inc. scores 35/100 among other emerging companies.
Backblaze, Inc. spent $46.1M on research and development in fiscal year 2025, which was 27.2% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Backblaze, Inc. scores 60/100 among other emerging companies.
Backblaze, Inc. reported revenue of $145.8M in fiscal year 2025, against $127.6M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Backblaze, Inc. scores 64/100 among other emerging companies.
Backblaze, Inc.'s operations generated $23.5M of cash in fiscal year 2025, against $12.5M generated in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Backblaze, Inc. scores 99/100 among other emerging companies.
Backblaze, Inc.'s cash, cash equivalents and investments came to $51.4M at the end of fiscal year 2025, against $108.6M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Backblaze, Inc. scores 43/100 among other emerging companies.
Backblaze, Inc. scores 3.67, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($888.9M) relative to total liabilities ($108.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Backblaze, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Backblaze, Inc. reported a net loss of $25.6M while generating $23.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Backblaze, Inc. reported an operating loss of $23.6M against $3.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Backblaze, Inc. generated $42.7M in revenue in Q2 2026. This represents an increase of 17.7% from the same quarter a year earlier. Against the prior quarter it is up 10.5%.
Backblaze, Inc.'s EBITDA was $2.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 471.1% from the same quarter a year earlier. Against the prior quarter it is up 105.0%.
Backblaze, Inc. reported -$5.1M in net income in Q2 2026. This represents an increase of 28.3% from the same quarter a year earlier. Against the prior quarter it is up 17.2%.
Backblaze, Inc. earned -$0.08 per diluted share (EPS) in Q2 2026. This represents an increase of 38.5% from the same quarter a year earlier. Against the prior quarter it is up 20.0%.
Cash & Balance Sheet
Backblaze, Inc. generated $9.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 248.6% from the same quarter a year earlier. Against the prior quarter it is up 255.3%.
Backblaze, Inc. held $32.4M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Backblaze, Inc.'s gross margin was 62.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.
Backblaze, Inc.'s operating margin was -9.8% in Q2 2026, reflecting core business profitability. This is up 7.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.1 percentage points.
Backblaze, Inc.'s net profit margin was -11.9% in Q2 2026, showing the share of revenue converted to profit. This is up 7.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.0 percentage points.
Backblaze, Inc.'s ROE was -5.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.
Capital Allocation
Backblaze, Inc. invested $11.0M in research and development in Q2 2026. This represents a decrease of 7.4% from the same quarter a year earlier. Against the prior quarter it is down 2.5%.
Backblaze, Inc. spent $566K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 30.0%.
Backblaze, Inc. invested $802K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 2.3% from the same quarter a year earlier. Against the prior quarter it is up 23.2%.
BLZE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $42.7M+17.7% | $38.7M+11.7% | $37.8M+11.8% | $37.2M+14.0% | $36.3M+16.0% | $34.6M+15.5% | $33.8M+17.6% | $32.6M+28.8% |
| Cost of Revenue | $15.9M+19.8% | $15.1M-1.4% | $14.3M-6.2% | $14.1M-4.7% | $13.3M-5.7% | $15.4M+8.5% | $15.3M+11.9% | $14.8M+9.2% |
| Gross Profit | $26.8M+16.5% | $23.5M+22.2% | $23.4M+26.6% | $23.1M+29.6% | $23.0M+33.7% | $19.3M+21.8% | $18.5M+22.7% | $17.8M+51.5% |
| R&D Expenses | $11.0M-7.4% | $11.3M-4.8% | $11.1M-7.4% | $11.2M+4.7% | $11.9M+23.9% | $11.9M+21.6% | $12.0M+27.6% | $10.7M+11.4% |
| SG&A Expenses | $9.8M+35.4% | $7.3M+5.8% | $8.6M+0.8% | $6.2M-18.3% | $7.2M+12.0% | $6.9M+5.4% | $8.5M+19.0% | $7.5M+8.6% |
| Operating Income | -$4.2M+33.1% | -$5.4M+39.0% | -$5.3M+61.6% | -$3.3M+72.8% | -$6.2M+36.4% | -$8.8M+16.5% | -$13.8M-18.5% | -$12.2M+21.6% |
| EBITDA | $2.8M+471.1% | $1.4M+237.7% | $1.0M+110.0% | $2.7M+190.1% | -$766K+33.4% | -$1.0M+72.0% | -$10.2M+6.0% | -$3.0M+50.7% |
| Interest Expense | $1.3M+43.5% | $1.2M+41.7% | $1.2M+23.9% | $934K+7.6% | $880K-2.3% | $853K-7.4% | $968K-2.3% | $868K-7.3% |
| Income Tax | $40K | $28K-66.7% | $0 | $0 | $0 | $84K+1300.0% | $0 | $0 |
| Net Income | -$5.1M+28.3% | -$6.1M+34.1% | -$5.4M+62.3% | -$3.8M+70.4% | -$7.1M+31.4% | -$9.3M+15.6% | -$14.4M-17.8% | -$12.8M+20.6% |
| EPS (Basic) | -$0.08+38.5% | -$0.10+41.2% | -$0.10+66.7% | -$0.07+75.9% | -$0.13+48.0% | -$0.17+37.0% | -$0.30+3.2% | -$0.29+34.1% |
| EPS (Diluted) | -$0.08+38.5% | -$0.10+41.2% | -$0.10+66.7% | -$0.07+75.9% | -$0.13+48.0% | -$0.17+37.0% | -$0.30+3.2% | -$0.29+34.1% |
| Diluted Shares (Avg) | 61M+9.3% | 59M+9.7% | N/A | 57M+30.9% | 56M+32.0% | 54M+34.4% | N/A | 44M+18.7% |
BLZE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $223.8M+20.3% | $192.7M+13.2% | $191.8M+13.8% | $191.5M+40.6% | $186.0M+45.6% | $170.2M+29.0% | $168.6M+28.0% | $136.2M+1.1% |
| Current Assets | $68.7M+6.6% | $62.8M-3.4% | $65.7M-0.1% | $65.0M+103.7% | $64.5M+91.2% | $65.0M+67.9% | $65.7M+70.7% | $31.9M-28.9% |
| Cash & Equivalents | $32.4M+0.7% | $26.3M-35.3% | $29.2M-36.3% | $29.1M+885.7% | $32.2M+247.1% | $40.6M+542.6% | $45.8M+266.1% | $3.0M-67.3% |
| Short-Term Investments | $17.5M-4.9% | $19.2M+52.1% | $22.2M+142.9% | $21.2M+18.2% | $18.4M+27.7% | $12.6M-42.2% | $9.1M-45.6% | $17.9M-13.5% |
| Accounts Receivable | $5.3M+62.5% | $4.3M+140.7% | $3.5M+90.2% | $3.4M+21.7% | $3.2M+78.6% | $1.8M+9.2% | $1.8M+128.9% | $2.8M+38.7% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $135.3M+27.2% | $108.0M+16.9% | $108.6M+19.4% | $108.7M+16.4% | $106.4M+28.7% | $92.4M+9.4% | $90.9M+4.8% | $93.4M+6.9% |
| Current Liabilities | $68.8M+14.8% | $59.9M+0.8% | $61.6M+3.0% | $59.3M+0.1% | $59.9M+8.8% | $59.5M+6.9% | $59.8M+4.8% | $59.2M-2.9% |
| Non-Current Liabilities | $66.5M+43.1% | $48.1M+46.1% | $47.0M+50.9% | $49.4M+44.4% | $46.5M+68.3% | $32.9M+14.4% | $31.1M+5.0% | $34.2M+29.5% |
| Total Equity | $88.5M+11.2% | $84.6M+8.8% | $83.2M+7.2% | $82.8M+93.4% | $79.6M+76.6% | $77.8M+63.9% | $77.6M+72.7% | $42.8M-9.6% |
| Retained Earnings | -$232.8M-9.6% | -$227.7M-10.9% | -$221.6M-13.1% | -$216.2M-19.0% | -$212.4M-25.8% | -$205.3M-29.5% | -$196.0M-32.9% | -$181.6M-34.3% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
BLZE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.4M+194.1% | $3.4M-32.0% | $9.3M+317.1% | $5.7M+24.1% | $3.5M+59.2% | $4.9M+44.7% | $2.2M-31.3% | $4.6M+2822.9% |
| Depreciation & Amortization | $7.0M+28.2% | $6.7M-13.2% | $6.3M-10.6% | $6.0M-34.1% | $5.5M-36.8% | $7.8M+12.3% | $7.1M+7.4% | $9.2M-2.7% |
| Stock-Based Compensation | $9.2M+25.4% | $6.9M-6.2% | N/A | N/A | $7.3M+32.1% | $7.4M+33.1% | N/A | $8.4M+6.0% |
| Capital Expenditures | $802K+2.3% | $651K+29.4% | $265K-67.9% | $3.1M+1545.0% | $784K+189.3% | $503K+18.9% | $826K+85.2% | $191K-45.0% |
| Free Cash Flow | $9.6M+248.6% | $2.7M-39.0% | $9.0M+543.1% | $2.6M-41.4% | $2.8M+41.2% | $4.4M+48.3% | $1.4M-49.8% | $4.4M+958.4% |
| Investing Cash Flow | -$2.1M+75.3% | $289K+104.7% | -$3.1M-154.3% | -$7.5M-8.5% | -$8.6M-322.9% | -$6.1M+30.2% | $5.8M+1459.6% | -$6.9M-237.3% |
| Financing Cash Flow | -$2.2M+36.5% | -$6.6M-64.7% | -$6.1M-120.2% | -$1.3M+67.0% | -$3.4M-9.5% | -$4.0M-1408.0% | $30.2M+2439.8% | -$4.0M-9.1% |
| Share Buybacks | $566K | $809K | $798K | $1.2M | $0 | $0 | $0 | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
BLZE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.8%-0.7pp | 60.9%+5.2pp | 62.0%+7.3pp | 62.1%+7.5pp | 63.5%+8.4pp | 55.6%+2.9pp | 54.8%+2.3pp | 54.6%+8.2pp |
| Operating Margin | -9.8%+7.4pp | -13.8%+11.5pp | -14.0%+26.8pp | -8.9%+28.5pp | -17.2%+14.2pp | -25.3%+9.7pp | -40.8%-0.3pp | -37.4%+24.1pp |
| Net Margin | -11.9%+7.6pp | -15.9%+11.0pp | -14.3%+28.2pp | -10.2%+29.0pp | -19.6%+13.5pp | -26.9%+9.9pp | -42.5%-0.1pp | -39.1%+24.3pp |
| Return on Equity | -5.8%+3.2pp | -7.3%+4.7pp | -6.5%+12.0pp | -4.6%+25.2pp | -8.9%+14.0pp | -12.0%+11.3pp | -18.5%+8.6pp | -29.8%+4.1pp |
| Return on Assets | -2.3%+1.5pp | -3.2%+2.3pp | -2.8%+5.7pp | -2.0%+7.4pp | -3.8%+4.3pp | -5.5%+2.9pp | -8.5%+0.7pp | -9.4%+2.5pp |
| Current Ratio | 1.00-0.1x | 1.050.0x | 1.070.0x | 1.10+0.6x | 1.08+0.5x | 1.09+0.4x | 1.10+0.4x | 0.54-0.2x |
| Debt-to-Equity | 1.53+0.2x | 1.28+0.1x | 1.30+0.1x | 1.31-0.9x | 1.34-0.5x | 1.19-0.6x | 1.17-0.8x | 2.18+0.3x |
| Asset Turnover | 0.190.0x | 0.200.0x | 0.200.0x | 0.190.0x | 0.200.0x | 0.200.0x | 0.200.0x | 0.24+0.1x |
| FCF Margin | 22.5%+14.9pp | 7.0%-5.8pp | 24.0%+19.8pp | 7.0%-6.6pp | 7.6%+1.4pp | 12.8%+2.8pp | 4.2%-5.6pp | 13.6%+15.7pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Backblaze, Inc. BLZE | FY2025 | $145.8M | -$25.6M | -17.6% | $888.9M | 65/100 |
| Repay Holdings Corporation RPAY | FY2025 | $309.3M | -$256.7M | -83.0% | $316.7M | 40/100 |
| Consensus Cloud Solutions, Inc. CCSI | FY2025 | $349.7M | $84.5M | 24.2% | $648.0M | 64/100 |
| Bandwidth Inc. BAND | FY2025 | $753.8M | -$12.9M | -1.7% | $2.1B | 32/100 |
| Arqit Quantum Inc. ARQQ | FY2024 | $293K | -$54.6M | N/A | $428.4M | — |
| OneSpan Inc. OSPN | FY2025 | $243.2M | $72.9M | 30.0% | $667.8M | 53/100 |
Where Backblaze, Inc. Ranks
Frequently Asked Questions
What is Backblaze, Inc.'s annual revenue?
Backblaze, Inc. (BLZE) reported $145.8M in total revenue for fiscal year 2025. This represents a 14.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Backblaze, Inc.'s revenue growing?
Backblaze, Inc. (BLZE) revenue grew by 14.3% year-over-year, from $127.6M to $145.8M in fiscal year 2025.
Is Backblaze, Inc. profitable?
No, Backblaze, Inc. (BLZE) reported a net income of -$25.6M in fiscal year 2025, with a net profit margin of -17.6%.
What is Backblaze, Inc.'s EBITDA?
Backblaze, Inc. (BLZE) had EBITDA of $2.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Backblaze, Inc.'s gross margin?
Backblaze, Inc. (BLZE) had a gross margin of 60.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Backblaze, Inc.'s operating margin?
Backblaze, Inc. (BLZE) had an operating margin of -16.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Backblaze, Inc.'s net profit margin?
Backblaze, Inc. (BLZE) had a net profit margin of -17.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Backblaze, Inc.'s return on equity (ROE)?
Backblaze, Inc. (BLZE) has a return on equity of -30.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Backblaze, Inc.'s free cash flow?
Backblaze, Inc. (BLZE) generated $18.9M in free cash flow during fiscal year 2025. This represents a 74.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Backblaze, Inc.'s operating cash flow?
Backblaze, Inc. (BLZE) generated $23.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Backblaze, Inc.'s total assets?
Backblaze, Inc. (BLZE) had $191.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Backblaze, Inc.'s capital expenditures?
Backblaze, Inc. (BLZE) invested $4.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Backblaze, Inc. spend on research and development?
Backblaze, Inc. (BLZE) invested $46.1M in research and development during fiscal year 2025.
What is Backblaze, Inc.'s current ratio?
Backblaze, Inc. (BLZE) had a current ratio of 1.07 as of fiscal year 2025, which is considered adequate.
What is Backblaze, Inc.'s debt-to-equity ratio?
Backblaze, Inc. (BLZE) had a debt-to-equity ratio of 1.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Backblaze, Inc.'s return on assets (ROA)?
Backblaze, Inc. (BLZE) had a return on assets of -13.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Backblaze, Inc.'s P/E ratio?
Backblaze, Inc. (BLZE) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $888.9M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Backblaze, Inc.'s price-to-sales ratio?
Backblaze, Inc. (BLZE) trades at 5.7x sales, its market capitalization divided by revenue of $156.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $888.9M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Backblaze, Inc.'s Altman Z-Score?
Backblaze, Inc. (BLZE) has an Altman Z-Score of 3.67, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Backblaze, Inc.'s Piotroski F-Score?
Backblaze, Inc. (BLZE) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Backblaze, Inc.'s earnings high quality?
Backblaze, Inc. (BLZE) reported a net loss of $25.6M while generating $23.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Backblaze, Inc. cover its interest payments?
Backblaze, Inc. (BLZE) reported an operating loss of $23.6M against $3.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Backblaze, Inc.?
Backblaze, Inc. (BLZE) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.