What is BLZE's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for BLZE.

Stock Ratings / Technology / BLZE / options

IIIV (45) DDD (24) MTC (33) MTLS (53) ⌘ Pro Terminal →

Backblaze Inc. (Class A) (BLZE) Options Positioning, Max Pain & Unusual Sweeps

$7.59 -13.06% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $7.40

Backblaze Inc. (Class A) (BLZE) carries a Roarable Rating of E (Strong Sell) with 34/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $469.8M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is BLZE stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Backblaze Inc. (Class A) (NASDAQ: BLZE) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 34/100 at a spot price of $7.59 (-13.06% 1D, market cap $469.8M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 7/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 8/20. Across 715 tracked Technology issuers, BLZE ranks #531 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does BLZE compare to IIIV and DDD in the Technology sector?

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Within the Technology sector (Computer Software: Prepackaged Software), BLZE carries a Roarable E (34/100 RQD), trailing P/E of N/A, gross margin of 60.9%, and ROIC of -34.5%. By comparison, IIIV (i3 Verticals Inc. (Class A)) holds a D grade (45/100 RQD, P/E 25.5x, ROIC 0.9%, cap $462.7M) and DDD (3D Systems Corporation) posts a E grade (24/100 RQD, P/E 16.3x, ROIC -32.8%, cap $461.9M). Among the 5-stock peer group, DDD leads on earnings multiple (16.3x) while IIIV leads on capital efficiency (0.9% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for BLZE?

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Per BLZE's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001462056), Backblaze Inc. (Class A) generated $145.8M in revenue (+14.3% YoY), -$25.6M in net income, and $18.9M in free cash flow against $191.8M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $7.40 (-2.54%)🧬 Disciplined Float (-0.12% YoY Shares)⚙️ Cash Engine: 10/20 (D) • 12.9% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (34/100 · E) historically underperformed SPY in 71% of rolling 90-day windows (-8.7% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk E

Each axis scored 0–20

12M PRICE TARGET CONE-10.8% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BLZE)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (34/100 Composite)

🔍 WHY BLZE SCORES 34/100 (E) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+10/20 pts (29% of score)

SEC XBRL FY 2025 (10-K): 12.9% FCF Margin ($18.9M FCF) & 60.9% Gross Margin

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+8/20 pts (24% of score)

SEC Form 4 / 13F Thermometer: 40% Net Buy • Disciplined Float (-0.12% YoY Shares)

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$12.51-26.7% Next Q

Q2 (-2Q)

Grade E$9.17+0.9% Next Q

Q3 (-1Q)

Grade E$9.25-17.9% Next Q

Current

Grade E$7.59-8.7% Hist 90D α

Trajectory: D (42) → E (34)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a BLZE Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While BLZE currently carries a cautious 34/100 (E) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($12.16) and Max Pain ($7.97) forces dealer call-delta covering toward $25.19.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.12% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BLZE• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “BLZE Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 34%NO 66%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±12.5%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (BLZE)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for BLZE.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BLZE)

✓Walkthrough of BLZE's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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BLZE // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +63.58%🛡️ HOLDING TREND SUPPORT

2026-11-03O $8.73H $8.73L $7.59C $7.59VOL 2.23M

RES: $13.29SUP: $7.25SMA50: $12.16SMA200: $9.23

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BLZE Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BLZE Butterfly Map → + Track BLZE →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

8.0%/yr Implied 5Y Growth

vs. +14.3% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on BLZE today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BLZE. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for BLZE today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BLZE)

Technology Rank #531 of 715 ⚔️ IIIV vs BLZE Full Matrix →

1. Head-to-Head Technology Peer Comparison (BLZE vs. IIIV, DDD, MTC, MTLS)

Industry: Computer Software: Prepackaged Software (222 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Backblaze Inc. (Class A) (BLZE) ranks #531 by composite RQD confidence (34/100, grade E) and #417 by equity capitalization ($469.8M). Within this direct 5-issuer industry benchmark cohort, DDD leads on earnings valuation at 16.3x trailing P/E, while IIIV leads on capital efficiency and profitability with 0.9% ROIC and — gross margin. MTLS currently holds the highest overall quantitative score in the immediate peer group at 53/100 (D+) compared with BLZE at 34/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
BLZE ACTIVE Backblaze Inc. (Class A)	E	34/100	—	60.9%	-34.5%	-13.06%	$469.8M	Benchmark Subject
IIIV i3 Verticals Inc. (Class A)	D	45/100	25.5x	—	0.9%	+1.56%	$462.7M	/iiiv-vs-blze →
DDD 3D Systems Corporation	E	24/100	16.3x	33.9%	-32.8%	-5.12%	$461.9M	/ddd-vs-blze →
MTC MMTec Inc.	E	33/100	—	21.6%	-12.0%	-1.79%	$492.0M	/mtc-vs-blze →
MTLS Materialise NV	D+	53/100	—	—	—	-0.83%	$424.1M	/mtls-vs-blze →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001462056 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Backblaze Inc. (Class A) (BLZE) reported GAAP revenue of $145.8M (+14.3% vs. FY2024 revenue of $127.6M , and +42.9% cumulative change since FY2023) , GAAP net income of -$25.6M, operating cash flow of $23.5M, and free cash flow of $18.9M (+74.6% YoY). On the balance sheet, BLZE closed FY2025 with $191.8M in total assets against $0 in total debt (Altman Z-Score: 1.75, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$145.8M	-$25.6M	$23.5M	$18.9M	$191.8M	—
FY2024 (FY)	2024-12-31	$127.6M	-$48.5M	$12.5M	$10.8M	$168.6M	—
FY2023 (FY)	2023-12-31	$102.0M	-$59.7M	-$7.3M	-$7.3M	—	—

3. BLZE Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BLZE stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does BLZE compare to IIIV and DDD in the Technology sector?

What are the biggest fundamental strengths and SEC risk factors for BLZE?

Where is BLZE trading relative to its 50-day, 200-day, and 52-week technical levels?

BLZE last traded at $7.59 (-13.06% on volume of 2,226,338 shares), positioning the stock -37.58% below its 50-day simple moving average ($12.16) and -17.77% below its 200-day simple moving average ($9.23). Across its 52-week range of $3.26 to $23.99, BLZE sits at the 20.9% percentile with a 14-day RSI of 32.7 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($6.64 to $8.54).

Direct Sub-Reports: BLZE RQD Cockpit BLZE 12M Forecast BLZE Earnings & Move BLZE Dividends & DRIP BLZE Insiders & 13F BLZE Whale Options BLZE Profit Sankey BLZE News & Why

ROARABLE RATING BRIEF • RQD 34/100 (E) ✓ SEC XBRL & RQD VERIFIED

BLZE — Backblaze Inc. (Class A): What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Backblaze Inc. (Class A) (BLZE) earns a live Roarable RQD composite score of 34/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $7.59 (-13.06% 1D, market capitalization $469.8M).

Fundamental Cash Engine (10/20): Anchored by return on invested capital (ROIC) of -34.5%, gross margin of 60.9%, operating margin of -16.2%, and free cash flow yield of 3.49%.
Whale 13F & Options Flow (3/20) + Insider Conviction (8/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (6/20) + Forensic Balance Sheet (7/20): Incorporates a 1.00x equity beta, Altman Z-Score of 1.75, Piotroski F-Score of 7/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Backblaze Inc. (Class A) is a NASDAQ-listed issuer classified in the Technology sector and the Computer Software: Prepackaged Software industry. The company reported revenue of $145.8M for FY 2025, up from $127.6M in FY 2024 and $102.0M in FY 2023. Gross margin is reported at 60.9%, indicating a product-level margin structure that the source does not further explain.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Backblaze Inc. (Class A) (BLZE) reported $145.8M in annual revenue (up from $127.6M in FY2024, +14.3% YoY) and -$25.6M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($102.0M revenue, -$59.7M net income) through FY2025, BLZE scaled operating cash flow to $23.5M and free cash flow to $18.9M, backed by $191.8M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (E • RQD 34/100): Established market leader in Technology with deep daily trading liquidity. Free cash flow yield of 3.49% and institutional whale pillar of 3/20. With Fundamental Cash Engine at 10/20 and Institutional Whale Flow at 3/20, sustained execution supports upside toward the upper end of the $3.26 – $23.99 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -16.2% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

The source therefore provides no upstream or downstream dependency mapping, no sector correlation data beyond the Technology/Prepackaged Software classification, and no identified 2nd-order bottlenecks. The only ripple referenced in the news wire is the CoreWeave deal and associated funding concern noted in the kalkine.ca headline, which a prospective investor should examine against independent sources.

Key Question #1: Can BLZE sustain or expand its -16.2% operating margin and -34.5% ROIC against Computer Software: Prepackaged Software peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $145.8M and free cash flow of $18.9M, how will capital allocation balance growth reinvestment against $0 in total debt?
Key Question #3: How sensitive is BLZE's equity valuation to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

BLZE Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Backblaze Inc. (Class A) (BLZE) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to BLZE Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 1d ago

Earnings To Watch: Backblaze Inc (BLZE) Q3 2026 -- GF Value Sees 14% Downside

Yahoo Finance report covering Backblaze Inc. (Class A) (BLZE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Simply Wall St • 1d ago

Backblaze (NasdaqGM:BLZE) Stock Forecast & Analyst Predictions

Simply Wall St report covering Backblaze Inc. (Class A) (BLZE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Backblaze, Inc. Estimates – NASDAQ:BLZE

TradingView report covering Backblaze Inc. (Class A) (BLZE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE www.debelegger.nl • 1d ago

Backblaze (BLZE) Stock Price, Chart & Analysis

www.debelegger.nl report covering Backblaze Inc. (Class A) (BLZE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE kalkine.ca • 1d ago

Why Did Backblaze (NASDAQ:BLZE) Plunge 22.26% on October 14 After Surging 196% This Year, With a USD 335 Million CoreWeave Deal Exposed to Funding Fears?

kalkine.ca report covering Backblaze Inc. (Class A) (BLZE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Moomoo • 1d ago

B. Riley Securities Maintains Backblaze(BLZE.US) With Buy Rating, Maintains Target Price $24

Moomoo report covering Backblaze Inc. (Class A) (BLZE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Backblaze (BLZE) Institutional Ownership 2026

MarketBeat report covering Backblaze Inc. (Class A) (BLZE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Trefis • 1d ago

Market Movers | Winners: LQDA, SCTX, ALMR | Losers: BLZE, DFH, EOSE

Trefis report covering Backblaze Inc. (Class A) (BLZE) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

BLZE Bull vs. Bear Conversation Board — What's Your Call at $7.59?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON BLZE 🐻 33% BEARISH CONVICTION

MA MacroHawk_NYC RQD DEBATE OPENER • Cross-Asset Macro Desk 🐂 BULLISH 🎯 Target: $9.79 (+29.0%)

📌 Pinned Debate

Free cash flow turned positive to $18.9M in FY 2025 while operating losses narrowed from -$57.9M in FY 2023 to -$23.6M.

The street is overcomplicating Backblaze Inc. (Class A) (BLZE). Free cash flow turned positive to $18.9M in FY 2025 while operating losses narrowed from -$57.9M in FY 2023 to -$23.6M.. With an RQD score of 34/100 (E) and Forensic Balance Sheet at 7/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $8.20.

CapAlloc_Nerd 🐂 BULL

@MacroHawk_NYC Agree on the RQD 34/100 quality, though with 1.0 beta I'm scaling in with half-size at $7.59 and keeping dry powder in case we test $7.06.

SK SkepticalCFA RQD DEBATE OPENER • Fundamental Contrarian 🐻 BEARISH 🎯 Target: $5.77 (-24.0%)

Spot @ $7.59

The Roarable RQD rating is a D- Sell with ROIC of -34.5%, an Altman Z-Score of 1.75, and cash falling to $29.2M.

Sitting on the sidelines or leaning short BLZE above $7.59. The Roarable RQD rating is a D- Sell with ROIC of -34.5%, an Altman Z-Score of 1.75, and cash falling to $29.2M.. Until Fundamental Cash Engine (10/20) and FCF yield (3.49%) inflect higher, upside is capped near $23.99.