Last 24 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -31.22 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 5.91 | 5.64 | 1.32 | 1.73 | 3.56 | 2.11 | 1.89 | 1.94 | 2.13 | 2.07 | 3.43 | 2.53 | 1.99 | 1.55 | 1.83 | 2.21 | 1.80 | 1.97 | 4.18 | 5.65 | — |
| — | +167.8% | -29.9% | -10.6% | +66.8% | +1.6% | -45.1% | -23.2% | +7.0% | +34.1% | +87.5% | +14.5% | +10.5% | -21.5% | -56.2% | -60.9% | — | — | — | — | — | |
| P/B Ratio | 9.70 | 10.89 | 2.42 | 3.15 | 6.38 | 3.84 | 3.36 | 3.38 | 6.49 | 5.76 | 8.67 | 6.46 | 4.26 | 2.81 | 2.83 | 2.94 | 2.08 | 1.97 | 3.72 | 4.42 | — |
| — | +183.5% | -28.0% | -6.8% | -1.7% | -33.3% | -61.3% | -47.7% | +52.5% | +105.0% | +206.6% | +119.5% | +104.9% | +42.9% | -24.0% | -33.5% | — | — | — | — | — | |
| P/FCF | 76.36 | 20.54 | 85.66 | 8.88 | 147.70 | 109.27 | 14.70 | 46.58 | 67.43 | — | — | 25.91 | — | — | — | — | — | — | — | — | — |
| — | -81.2% | +482.6% | -80.9% | +119.1% | — | — | +79.8% | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 478.19 | 93.29 | 43.37 | 47.60 | 51.76 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.9% | 62.8% | 60.9% | 62.0% | 62.1% | 63.5% | 55.6% | 54.8% | 54.6% | 55.1% | 52.8% | 52.5% | 46.5% | 49.0% | 46.9% | 51.1% | 50.9% | 53.8% | 50.3% | 52.6% | 50.8% |
| — | -1.0% | +9.4% | +13.3% | +13.7% | +15.3% | +5.4% | +4.3% | +17.6% | +12.4% | +12.5% | +2.8% | -8.7% | -8.9% | -6.8% | -2.9% | +0.1% | +5.7% | +3.0% | +1.5% | -18.4% | |
| Operating Margin | -16.2% | -9.8% | -13.8% | -12.4% | -8.9% | -18.5% | -25.3% | -40.8% | -37.4% | -31.4% | -35.1% | -40.5% | -61.5% | -56.6% | -71.8% | -59.1% | -54.7% | -52.3% | -60.0% | -40.5% | -26.9% |
| — | +47.2% | +45.4% | +69.7% | +76.1% | +41.0% | +27.7% | -0.8% | +39.2% | +44.6% | +51.2% | +31.5% | -12.5% | -8.2% | -19.7% | -45.8% | -103.0% | -126.2% | -226.0% | -137.9% | -3461.1% | |
| Net Margin | -17.6% | -11.9% | -15.9% | -14.3% | -10.2% | -19.6% | -26.9% | -42.6% | -39.1% | -33.1% | -36.9% | -42.5% | -63.5% | -58.3% | -73.2% | -63.2% | -58.0% | -56.0% | -64.3% | -51.4% | -34.6% |
| — | +39.1% | +41.0% | +66.3% | +74.0% | +40.9% | +27.0% | -0.2% | +38.3% | +43.3% | +49.6% | +32.8% | -9.3% | -4.2% | -13.8% | -23.1% | -67.8% | -273.7% | -166.9% | -119.3% | -552.9% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -31.8% | -5.9% | -7.3% | -6.5% | -4.7% | -9.0% | -12.0% | -23.9% | -29.0% | -22.4% | -23.9% | -26.5% | -31.6% | -25.0% | -26.5% | -20.0% | -16.0% | -13.6% | -13.7% | -23.8% | — |
| — | +34.8% | +39.0% | +72.7% | +84.0% | +59.7% | +49.8% | +9.8% | +8.3% | +10.5% | +9.6% | -32.6% | -97.0% | -84.1% | -93.3% | +16.3% | — | — | — | — | — | |
| ROA | -14.2% | -2.4% | -3.2% | -2.8% | -2.0% | -4.0% | -5.5% | -9.4% | -9.7% | -8.0% | -8.4% | -9.2% | -11.9% | -10.3% | -11.6% | -9.4% | -8.1% | -7.1% | -7.6% | -8.6% | -10.7% |
| — | +38.7% | +41.9% | +70.1% | +79.3% | +50.0% | +34.4% | -2.9% | +19.0% | +22.9% | +27.6% | +2.2% | -47.8% | -44.9% | -51.6% | -9.2% | +24.4% | -53.2% | — | -36.7% | — | |
| ROIC | -18.3% | -2.4% | -3.4% | -3.0% | -2.2% | -5.2% | -8.1% | -12.3% | -11.0% | -9.1% | -9.6% | -10.4% | -12.8% | -10.6% | -12.0% | -10.0% | -8.4% | -7.2% | -13.3% | -25.9% | -17.8% |
| — | +53.5% | +57.9% | +75.7% | +80.0% | +42.7% | +16.2% | -18.6% | +14.2% | +14.6% | +20.0% | -4.2% | -51.3% | -47.8% | +9.9% | +61.5% | +52.7% | +72.7% | +35.0% | -79.0% | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.74 | 0.93 | 0.74 | 0.74 | 0.77 | 0.77 | 0.62 | 0.60 | 1.15 | 0.93 | 0.91 | 1.04 | 1.05 | 0.85 | 0.75 | 0.66 | 0.58 | 0.52 | 0.45 | 0.35 | — |
| — | +20.4% | +19.7% | +24.0% | -32.8% | -16.8% | -32.7% | -42.7% | +9.3% | +8.8% | +21.7% | +57.6% | +82.4% | +65.9% | +67.8% | +90.0% | — | — | — | — | — | |
| Debt / EBITDA | 32.93 | 30.33 | 44.96 | 39.83 | 23.55 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.07 | 1.00 | 1.05 | 1.07 | 1.10 | 1.08 | 1.09 | 1.10 | 0.54 | 0.61 | 0.70 | 0.67 | 0.74 | 0.88 | 1.09 | 1.32 | 1.56 | 1.82 | 2.05 | 2.47 | 0.22 |
| — | -7.2% | -4.1% | -3.0% | +103.5% | +75.7% | +57.1% | +63.0% | -26.8% | -30.1% | -36.0% | -49.0% | -52.8% | -51.8% | -47.1% | -46.4% | +623.6% | +1434.6% | — | +871.2% | — | |
| Quick Ratio | 1.07 | 1.00 | 1.05 | 1.07 | 1.10 | 1.08 | 1.09 | 1.10 | 0.54 | 0.61 | 0.70 | 0.67 | 0.74 | 0.88 | 1.09 | 1.32 | 1.56 | 1.82 | 2.05 | 2.47 | 0.22 |
| — | -7.2% | -4.1% | -3.0% | +103.5% | +75.7% | +57.1% | +63.0% | -26.8% | -30.1% | -36.0% | -49.0% | -52.8% | -51.8% | -47.1% | -46.4% | +623.6% | +1434.6% | — | +871.2% | — | |
| Interest Coverage | -5.60 | -3.00 | -4.06 | -3.51 | -3.04 | -7.06 | -9.83 | -13.85 | -13.69 | -10.49 | -10.99 | -11.32 | -16.15 | -14.22 | -17.54 | -8.79 | -12.47 | -11.72 | -12.25 | -8.73 | -5.19 |
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Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying BLZE stock.
Backblaze, Inc.'s current P/E is -31.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Backblaze, Inc.'s current operating margin is -16.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Backblaze, Inc.'s business trajectory between earnings reports.