Backblaze, Inc.
BLZENasdaqTechnology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $145.8M | $127.6M | $102.0M | $85.2M | $67.5M | $53.8M |
| Operating income | −$23.6M | −$46.3M | −$57.9M | −$48.1M | −$18.8M | −$3.7M |
| Net income | −$25.6M | −$48.5M | −$59.7M | −$51.4M | −$21.7M | −$6.6M |
| Total assets | $191.8M | $168.6M | $131.7M | $152.5M | $163.6M | $54.5M |
| Total liabilities | $108.6M | $90.9M | $86.7M | $83.7M | $68.1M | $58.5M |
| Equity | $83.2M | $77.6M | $44.9M | $68.7M | $95.5M | −$6.8M |
| EPS (diluted) | $-0.46 | $-1.11 | $-1.66 | $-1.62 | $-1.07 | $-0.36 |
| Shares out. | 54.3M | 41.2M | 36.0M | 31.7M | 20.3M | 18.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −16.2%
- Net margin
- −17.6%
- Return on equity
- −30.8%
- Return on assets
- −13.4%
- Return on capital (ROCE)
- −18.1%
- Liabilities / assets
- 56.6%
- Debt / equity
- 1.31×
- Book value / share
- $1.53
- Revenue growth (YoY)
- 14.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -3.65distress
- Accruals / assets
- −25.6%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 3 good- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Awm Investment Company, Inc.Passive (13G)May 4, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Blackrock, Inc.Passive (13G)Apr 17, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 1.7M | 1.0 | +49.3% |
| Apr 30, 2026 | 1.1M | 2.6 | -18.2% |
| Apr 15, 2026 | 1.4M | 2.7 | -23.8% |
| Mar 31, 2026 | 1.8M | 3.6 | -9.6% |
| Mar 13, 2026 | 2.0M | 1.9 | +37.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Shareholder voteMay 27, 2026
- Results of operationsMay 4, 2026
- Results of operationsFeb 23, 2026
- Results of operations · Other material eventNov 6, 2025
- Entered a material agreement · Results of operations · Other material eventAug 7, 2025
- Director / officer changeJun 13, 2025
- Entered a material agreement · New financial obligationJun 5, 2025
- Shareholder voteJun 2, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.