GROSSPATTERN / FUNDAMENTAL STATE / POINT IN TIME

BLZE · Jun 30, 2026

Backblaze, Inc.. A multidimensional configuration derived from the filing available at this observation—never a composite score or recommendation.

STATE CAPABILITYLEVEL 4[email protected]

Inspectable configuration

State dimensions

Filing0001628280-26-051818General Corporate

Capex intensity39thOwn-history percentile · N=18

Evidence method

Level · gp.fundamentals.capex_revenue_ratio

1.88% · OPTIONAL · VALID

Operating cash generation100thOwn-history percentile · N=18

Evidence method

Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue

24.41% · OPTIONAL · VALID

Revenue growth40thOwn-history percentile · N=15

Evidence method

Yoy · gp.fundamentals.revenue

17.67% · CORE · VALID

Gross margin95thOwn-history percentile · N=19

Evidence method

Level · gp.fundamentals.gross_margin

62.82% · CORE · VALID

Operating margin95thOwn-history percentile · N=19

Evidence method

Level · gp.fundamentals.operating_margin

-9.77% · CORE · VALID

R&D intensity0thOwn-history percentile · N=19

Evidence method

Ratio · gp.fundamentals.rnd + gp.fundamentals.revenue

25.76% · OPTIONAL · VALID

SBC intensity68thOwn-history percentile · N=19

Evidence method

Level · gp.fundamentals.sbc_revenue_ratio

21.44% · OPTIONAL · VALID

As-filed lineage

Fundamental state history

Each observation is tied to the filing and facts available at that report date. Amendments remain separate.

History20 statesSelf-history eligible

Period transition

What moved in the state?

Capex Intensity Increased

Previous: 1.68%
Current: 1.88%
Delta: 0.19%

Cash Generation Increased

Previous: 8.69%
Current: 24.41%
Delta: 15.72%

Growth Increased

Previous: 11.71%
Current: 17.67%
Delta: 5.96%

Margin Increased

Previous: 60.85%
Current: 62.82%
Delta: 1.97%

Profitability Increased

Previous: -13.84%
Current: -9.77%
Delta: 4.07%

R And D Intensity Decreased

Previous: 29.19%
Current: 25.76%
Delta: -3.43%

Sbc Intensity Increased

Previous: 17.85%
Current: 21.44%
Delta: 3.59%

Self-history only

Previous similar states

Similarity compares compatible valid dimensions from this issuer's own point-in-time history. No market-return claim is attached.

Jun 30, 2025

Similarity: 81%
Compared: 7 dimensions
Coverage: 100%

Growth 21.8 · Margin 5.3 · Profitability 5.3 · Sbc Intensity 21.8 · Capex Intensity 4.0 · Cash Generation 28.6 · R And D Intensity 26.7

Dec 31, 2024

Similarity: 79%
Compared: 7 dimensions
Coverage: 100%

Growth 4.4 · Margin 10.1 · Profitability 25.5 · Sbc Intensity 0.8 · Capex Intensity 22.2 · Cash Generation 16.7 · R And D Intensity 38.5

Dec 31, 2025

Similarity: 77%
Compared: 7 dimensions
Coverage: 100%

Growth 32.3 · Margin 6.5 · Profitability 0.6 · Sbc Intensity 44.9 · Capex Intensity 11.1 · Cash Generation 0.0 · R And D Intensity 23.5

Mar 31, 2024

Similarity: 75%
Compared: 6 dimensions
Coverage: 86%

Margin 4.7 · Profitability 14.7 · Sbc Intensity 48.4 · Capex Intensity 27.8 · Cash Generation 0.0 · R And D Intensity 20.0

Research Graph

Related governed research

Compared To · Services-Prepackaged Software peers →Analogous To · BLZE state analogue 2 →Analogous To · BLZE state analogue 3 →Analogous To · BLZE state analogue 4 →Analogous To · BLZE state analogue 1 →Transitioned To · BLZE Fundamental State →Transitioned To · BLZE CAPEX_INTENSITY_INCREASED →Transitioned To · BLZE CASH_GENERATION_INCREASED →Transitioned To · BLZE GROWTH_INCREASED →Transitioned To · BLZE MARGIN_INCREASED →Transitioned To · BLZE PROFITABILITY_INCREASED →Transitioned To · BLZE R_AND_D_INTENSITY_DECREASED →

Method Percentiles and historical matches use only observations available at each point in time. Missing dimensions remain missing. Public price outcomes and cross-market analogues are deliberately absent.