Backblaze price to free cash flow BLZE

Market value divided by free cash flow over the last twelve months, since 2024.

Today, Oct 23, 2026: 21.5×
2-year median: 25.4×
Against its 2-year history: 10th; percentile: 0 is its lowest day, 100 its highest
2-year range: 10.8× to 61.7×
Peer median: 18.5×

Backblaze's price to free cash flow is 21.5× as of Oct 23, 2026.

That is below its 2-year median of 25.4×, lower than on 90% of days in the last 2 years.

Over that time it ranged from 10.8× in Mar 2026 to 61.7× in Jul 2026.

The median for 10 infrastructure software stocks of a similar size is 18.5×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	21.5×	10.8×	61.7×
2025	24.9×	19.7×	45.2×
2024	22.7×	22.7×	43.5×

Against its peers

Companies in Software - Infrastructure nearest Backblaze's size, closest first, today.

Company	Price to free cash flow
BLZEBackblaze	21.5×
IIIVi3 Verticals	9.2×
CCSIConsensus Cloud Solutions	5.9×
GDYNGrid Dynamics	43.9×
OSPNOneSpan	18.5×
MKTWMarketwise	6.5×
RPDRapid7	6.9×
RBBNRibbon Communications	34.1×
MKLYMcKinley Acquisition	n/m
RDVTRed Violet	38.6×
XZOExzeo	18.7×
Peer median	18.5×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Backblaze

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.