Backblaze Inc (BLZE) Stock Analysis
Verdict: WATCH (do not buy)
B2 Cloud Storage growth and positive FCF ($11.3M) drive loss narrowing, but EV/EBITDA of 93.6x and current ratio below 1.0 restrict near-term upside.
Investment score: 56/100
Analysis as of
Is Backblaze Inc stock worth reviewing? AI model thesis
The AI model evaluates Backblaze as a HOLD. While B2 Cloud Storage expansion and positive free cash flow of $11.29M signal turnaround progress, high EV/EBITDA of 93.64x and current ratio of 0.9987 limit 90-day risk-adjusted upside.
7-factor investment score
- Valuation: 40/100 (weight 20%)
- Financial Health: 55/100 (weight 15%)
- Technical Momentum: 65/100 (weight 15%)
- Earnings Quality: 70/100 (weight 15%)
- Insider Sentiment: 35/100 (weight 10%)
- Analyst Consensus: 80/100 (weight 10%)
- Risk-Adjusted Return: 50/100 (weight 15%)
Backblaze Inc opportunities and risks
What speaks for BLZE
- B2 Cloud Storage segment acceleration driving recurring revenue expansion
What speaks against BLZE
- Tight working capital and debt load limiting financial flexibility
Peers and competitors
| Ticker | P/E | P/S | EV/EBITDA | Gross margin | Net margin | FCF yield |
|---|---|---|---|---|---|---|
| BLZE | n/a | 5.8x | 93.6x | 62.0% | -13.1% | 2.3% |
| FSLY | n/a | 5.3x | n/a | 61.5% | -11.8% | 1.2% |
| SHAZ | n/a | 668.9x | n/a | -69.6% | -15658.3% | -15.2% |
| SHAZ | n/a | 668.9x | n/a | -69.6% | -15658.3% | -15.2% |
| WYFI | n/a | 11.8x | n/a | 61.9% | -44.7% | 18.4% |
| RXT | n/a | 0.3x | 13.7x | 13.9% | -5.9% | 4.9% |
| Peer median | n/a | 11.8x | n/a | 13.9% | -44.7% | 1.2% |
Frequently asked questions about Backblaze Inc (BLZE)
Is BLZE stock a good investment?
The cached TradeMates AI model rates Backblaze Inc as WATCH (do not buy) with an investment score of 56/100. The AI model evaluates Backblaze as a HOLD. While B2 Cloud Storage expansion and positive free cash flow of $11.29M signal turnaround progress, high EV/EBITDA of 93.64x and current ratio of 0.9987 limit 90-day risk-adjusted upside. This is algorithmic model output, not personal investment advice.
Is BLZE stock a buy?
The TradeMates model verdict for BLZE is WATCH (do not buy) with an investment score of 56/100. Treat this as a model signal to review, not a personal buy recommendation.