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 6, 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	435	274	321	297	205	513
Market Cap Growth	80.10%	-14.86%	8.13%	44.69%	-59.98%	-
Enterprise Value	447.78	263.65	292.39	293.44	164.77	427.96
Last Close Price	7.25	4.66	6.02	7.59	6.15	16.89
PE Ratio	-	-10.13	-5.42	-4.57	-3.80	-15.78
Forward PE	73.75	191.77	-	-	-	-
PS Ratio	2.87	1.88	2.52	2.91	2.41	7.61
PB Ratio	5.38	3.29	4.14	6.61	2.99	5.37
P/TBV Ratio	4.92	3.15	3.38	6.08	2.83	3.60
P/FCF Ratio	25.17	14.51	29.77	-23.10	-9.72	-126.97
P/OCF Ratio	19.62	11.62	25.70	-40.43	-14.90	145.79
EV/Sales Ratio	2.99	1.81	2.29	2.88	1.93	6.34
EV/EBITDA Ratio	-	133.97	-16.28	-8.89	-5.89	-173.12
EV/EBIT Ratio	-	-11.16	-6.32	-5.07	-3.42	-22.77
EV/FCF Ratio	26.16	13.99	27.09	-22.81	-7.80	-105.88
Debt / Equity Ratio	0.50	0.50	0.33	0.57	0.36	0.21
Debt / EBITDA Ratio	13.82	31.29	-2.58	-1.39	-1.63	-13.45
Debt / FCF Ratio	3.64	3.27	4.29	-3.57	-2.15	-8.23
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%
Earnings Yield	-5.21%	-9.87%	-18.44%	-21.87%	-26.34%	-6.34%
FCF Yield	3.97%	6.89%	3.36%	-4.33%	-10.29%	-0.79%
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