Backblaze, Inc.
BLZE Technology Software Infrastructure
Backblaze, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $145.8 million, up 14.3% from fiscal 2024. In the quarter to June 2026, revenue grew 17.7%, EPS grew 38.5%, free cash flow grew 819.1% and total debt rose 56.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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Backblaze, Inc. (BLZE) EV/Sales
As of 16 October 2026, Backblaze, Inc. (BLZE) trades at a EV/Sales of 3.2×. Over the past ten years it has ranged from 1.1× (November 2022) to 9.8× (November 2021); the current reading is higher than 80% of that period. That is above the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 1.6× | (8.04%) |
| FY2024 | 1.8× | (30.38%) |
| FY2023 | 2.5× | 26.91% |
| FY2022 | 2.0× | (50.20%) |
| FY2021 | 4.0× | (36.35%) |
| FY2020 | 6.3× | 0.00% |
| FY2019 | 6.3× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 6.1× | 382.85% |
| Mar 2026 | 1.3× | (22.81%) |
| Dec 2025 | 1.6× | (54.15%) |
| Sep 2025 | 3.6× | 74.07% |
| 21 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| HQ Horizon Quantum Holdings Ltd. compare | n/m |
| CGNT Cognyte Software Ltd. compare | 1.4× |
| SABR Sabre Corporation compare | 1.5× |
| PRTH Priority Technology Holdings, Inc. compare | 1.5× |
| YEXT Yext compare | 1.7× |
| OSPN ONESPAN INC compare | 2.5× |
| CCSI Consensus Cloud Solutions, Inc. compare | 3.1× |
| BLZE Backblaze, Inc. | 3.2× |
| AEVA Aeva Technologies, Inc. compare | 26.3× |
| Software Infrastructure industry median | 2.9× |
| Technology sector median | 2.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)