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	May '26 May 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 Cap	466	274	321	297	205	513
Market Cap Growth	61.88%	-14.86%	8.13%	44.69%	-59.98%	-
Enterprise Value	482.89	263.65	292.39	293.44	164.77	427.96
Last Close Price	7.77	4.66	6.02	7.59	6.15	16.89
Forward PE	69.13	191.77	-	-	-	-
PS Ratio	3.11	1.88	2.52	2.91	2.41	7.61
PB Ratio	5.44	3.29	4.14	6.61	2.99	5.37
P/TBV Ratio	5.28	3.15	3.38	6.08	2.83	3.60
P/FCF Ratio	27.22	14.51	29.77	-	-	-
P/OCF Ratio	21.22	11.62	25.70	-	-	145.79
EV/Sales Ratio	3.22	1.81	2.29	2.88	1.93	6.34
EV/EBITDA Ratio	-	133.97	-	-	-	-
EV/FCF Ratio	28.21	13.99	27.09	-	-	-
Debt / Equity Ratio	0.50	0.50	0.33	0.57	0.36	0.21
Debt / EBITDA Ratio	13.82	31.29	-	-	-	-
Debt / FCF Ratio	3.64	3.27	4.29	-	-	-
Net Debt / Equity Ratio	0.20	0.12	-0.11	0.37	-0.29	-0.75
Net Debt / EBITDA Ratio	3.74	5.18	0.48	-0.50	0.71	28.96
Net Debt / FCF Ratio	0.99	0.54	-0.79	-1.29	0.94	17.71
Asset Turnover	0.78	0.81	0.85	0.72	0.54	0.62
Quick Ratio	0.83	0.89	0.95	0.53	1.18	2.33
Current Ratio	1.05	1.07	1.10	0.67	1.32	2.47
Return on Equity (ROE)	-26.73%	-31.85%	-79.20%	-105.05%	-62.59%	-47.48%
Return on Assets (ROA)	-10.45%	-13.15%	-30.84%	-40.76%	-30.42%	-17.31%
Return on Invested Capital (ROIC)	-15.02%	-20.25%	-47.18%	-69.77%	-77.93%	-41.67%
Return on Capital Employed (ROCE)	-15.26%	-19.77%	-50.49%	-67.81%	-44.82%	-27.51%
FCF Yield	3.67%	6.89%	3.36%	-	-	-
Buyback Yield / Dilution	-22.37%	-29.09%	-20.91%	-13.74%	-55.62%	-9.33%
Total Shareholder Return	-22.37%	-29.09%	-20.91%	-13.74%	-55.62%	-9.33%

Updated May 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q