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.

Revenue
+25.5%
EPS
+46.0%
Free cash flow
+229.3%
Total debt
+1,030.7%

Quarter to September 2026, against a year earlier

7.64 0.76 −9.05%
Market cap
$479.7M
P/E
0.0×
Fwd P/E
−20.7×
Dividend yield
—
F-score
4/9
Altman Z
0.21
Beneish M
−2.92
Dividend safety
n/a

Backblaze, Inc. (BLZE) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, Backblaze, Inc. (BLZE) trades at a EV/Sales of 2.9×. Over the past ten years it has ranged from 1.1× (November 2022) to 9.8× (November 2021); the current reading is higher than 75% of that period. That is in line with the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.6×.

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
Sep 2026 5.3× (12.74%)
Jun 2026 6.1× 382.85%
Mar 2026 1.3× (22.81%)
Dec 2025 1.6× (54.15%)
22 more quarters

Against its own ten years

Low 1.1× High 9.8×
Ten-year median 2.2×
Current reading's percentile 75

EV/Sales against peers

Company EV/Sales
RZLV Rezolve AI PLC compare n/m
CGNT Cognyte Software Ltd. compare 1.3×
PRTH Priority Technology Holdings, Inc. compare 1.5×
IIIV i3 Verticals, Inc. compare 2.4×
BLZE Backblaze, Inc. 2.9×
RPAY Repay Holdings Corporation compare 3.0×
ALLT Allot Ltd. compare 3.4×
AEVA Aeva Technologies, Inc. compare 23.7×
BRUN Boost Run Inc. compare —
Software Infrastructure industry median 2.9×
Technology sector median 2.6×
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)

The full definition of EV/Sales →

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