Backblaze Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	225	269	305	285	201	512
Market Cap Growth	-39.28%	-11.85%	6.84%	42.22%	-60.81%	-
Enterprise Value	236	283	333	306	167	550
Last Close Price	3.84	4.66	6.02	7.59	6.15	16.89
Forward PE	128.00	191.77	-	-	-	-
PS Ratio	1.55	1.84	2.39	2.80	2.36	7.59
PB Ratio	2.71	3.23	3.93	6.35	2.92	5.36
P/TBV Ratio	5.32	6.34	8.51	22.98	3.86	5.83
P/FCF Ratio	11.96	14.26	28.25	-	-	-
P/OCF Ratio	9.57	11.42	24.38	-	-	145.46
EV/Sales Ratio	1.62	1.94	2.61	3.00	1.97	8.14
EV/EBITDA Ratio	47.26	56.69	-	-	-	-
EV/FCF Ratio	12.50	14.99	30.89	-	-	-
Debt / Equity Ratio	0.74	0.74	0.60	1.04	0.68	0.35
Debt / EBITDA Ratio	3.01	3.01	-	-	-	-
Debt / FCF Ratio	3.27	3.27	4.29	-	-	-
Net Debt / Equity Ratio	0.12	0.12	-0.11	0.39	-0.27	-0.75
Net Debt / EBITDA Ratio	2.05	2.05	0.43	-0.54	0.61	17.16
Net Debt / FCF Ratio	0.54	0.54	-0.79	-1.36	0.87	17.71
Asset Turnover	0.81	0.81	0.85	0.72	0.54	0.62
Quick Ratio	0.89	0.89	1.02	0.59	1.22	2.37
Current Ratio	1.07	1.07	1.10	0.68	1.32	2.47
Return on Equity (ROE)	-31.85%	-31.85%	-79.20%	-105.05%	-62.59%	-47.48%
Return on Assets (ROA)	-7.15%	-7.15%	-17.25%	-23.78%	-19.03%	-10.77%
Return on Capital Employed (ROCE)	-15.80%	-15.80%	-38.10%	-72.50%	-50.00%	-15.90%
Earnings Yield	-11.36%	-9.53%	-15.92%	-20.92%	-25.61%	-4.24%
FCF Yield	8.36%	7.01%	3.54%	-4.51%	-10.53%	-0.79%
Buyback Yield / Dilution	-29.09%	-29.09%	-20.91%	-13.74%	-55.62%	-9.33%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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