BLZE Hisse Senedi Özeti Fiyat, piyasa değeri, P/E, EPS, ROE, borç/öz sermaye, 52 haftalık aralık

03

Fiyat $14.36

P/E (TTM) -42.2

Hisse Başına Kâr (TTM) $-0.34

Gelir (TTM) $156M

ROE (TTM) -24.3%

52 Haftlık Aralık $3–$24

BLZE Hisse Senedi Fiyat Grafiği Teknik göstergeler ile günlük OHLCV — kaydır, yakınlaştır ve görünümünüzü özelleştirin

04

aralık

çubuklar

Çubuk çözünürlüğü seçilen döneme uyum sağlar — bir çubuk için açılış/yüksek/düşük/kapanış değerlerini görmek için grafiğin üzerine gelin.

10 Yıllık Performans Gelir, net kar, marjlar ve EPS trendleri

06

Gelir$146M

2020-12-31 → 2025-12-31

Hisse Başına Kâr$-0.46

2020-12-31 → 2025-12-31

Serbest Nakit Akışı$19M

2021-12-31 → 2025-12-31

Net kar marjı-13.1%

2021-12-31 → 2025-12-31

Değerleme ve Oranlar 07–12

Değerleme P/E, P/S, P/B, EV/EBITDA oranları — hisse senedi pahalı mı ucuz mu?

Metrik	5 Yıllık trend	BLZE	5Y ort.	Akran Ortalaması	Sonuç
P/E (TTM)		-42.25Y ort. ≈-7.9	≈-7.9	·	·
Price / Tangible Book (Fiyat / Maddi Defter Değeri)		4.15Y ort. ≈4.8	≈4.8	·	·

Akran ortalaması, metrik başına standartlaştırılmış bir temelde hesaplanır ve bu hisse senedi için gösterilen TTM/MRQ temelini her zaman eşleşmeyebilir.

Kârlılık Brüt, faaliyet ve net kâr marjları; ROE, ROA, ROIC

Metrik	BLZE	5Y ort.	Akran Ortalaması	Sonuç
Brüt Kar Marjı (TTM)	62.0%5Y ort. ≈53.0%	≈53.0%	61.7%	Aynı seviyede
Faaliyet Kâr Marjı (TTM)	-11.2%5Y ort. ≈-39.3%	≈-39.3%	-13.4%	En üst düzey
FAVÖK Marjı (TTM)	5.5%5Y ort. ≈-16.9%	≈-16.9%	-13.4%	En üst düzey
Vergi Öncesi Kar Marjı (TTM)	-13.0%5Y ort. ≈-42.1%	≈-42.1%	-12.0%	Aynı seviyede
Net Kâr Marjı (TTM)	-13.1%5Y ort. ≈-42.2%	≈-42.2%	-12.2%	Aynı seviyede
ROA (TTM)	-10.0%5Y ort. ≈-27.2%	≈-27.2%	-7.7%	Zayıf
ROE (TTM)	-24.3%5Y ort. ≈-71.4%	≈-71.4%	-31.4%	Aynı seviyede
ROIC	-28.5%5Y ort. ≈-61.8%	≈-61.8%	-7.4%	Zayıf

Finansal Sağlık Borç, likidite, solventlik — bilanço gücü

Metrik	5 Yıllık trend	BLZE	5Y ort.	Akran Ortalaması	Sonuç
Cari Oran (MRQ)		1.05Y ort. ≈1.4	≈1.4	1.2	Ortalamanın altında
Cari Oran (MRQ)		0.85Y ort. ≈1.2	≈1.2	0.7	Güçlü likidite

Büyüme Gelir, EPS ve net gelir büyümesi: YOY, 3 Yıllık CAGR, 5 Yıllık CAGR

Metrik	BLZE	5Y ort.	Akran Ortalaması	Sonuç
Revenue YoY (Gelir Yıllık Bazda)	14.3%5Y ort. ≈22.2%	≈22.2%	·	·
Revenue CAGR 3Y (Gelir 3 Yıllık Bileşik Büyüme Oranı)	19.6%5Y ort. ≈22.4%	≈22.4%	·	·
Revenue CAGR 5Y (Gelir 5 Yıllık Bileşik Büyüme Oranı)	22.1%	·	·	·

Hisse Başı Metrikler Hisse Başı Kâr, hisse başına defter değeri, hisse başına nakit akışı, hisse başına temettü

Metrik	BLZE	5Y ort.	Akran Ortalaması	Sonuç
EPS (Diluted) (Hisse Başına Kar (Seyreltilmiş))	$-0.465Y ort. ≈$-1.18	≈$-1.18	·	·
Revenue / Share (Hisse Başına Gelir)	$2.595Y ort. ≈$2.86	≈$2.86	·	·
Cash Flow / Share (Hisse Başına Nakit Akışı)	$0.425Y ort. ≈$-0.01	≈$-0.01	·	·

Sermaye Verimliliği Aktif devir hızı, stok devir hızı, alacak devir hızı

Metrik	BLZE	5Y ort.	Akran Ortalaması	Sonuç
Asset Turnover (Aktif Devir Hızı)	0.85Y ort. ≈0.7	≈0.7	0.8	Aynı seviyede
Receivables Turnover (Alacak Devir Hızı)	54.95Y ort. ≈146.2	≈146.2	9.5	En üst düzey
Revenue / Employee (Çalışan Başına Gelir)	≈$455.7K	·	·	·

değer · ≈ 5Y ort. · sektör ortalaması · ortalamaya göre değerlendirme

Kazanç Geçmişi EPS gerçekleşen vs tahmin, sürpriz %, kazanma oranı, bir sonraki kazanç tarihi

14

Ort. Sürpriz 20.6%

Sonraki Rapor Kas 04, 2026

Dönem	Rapor	EPS Gerçek	EPS Tahmin	Sürpriz
30 Haziran 2026	Ağu 11, 2026	$-0.08	$-0.11	25.3%
31 Mart 2026	May 13, 2026	$-0.10	$-0.09	-8.9%
31 Aralık 2025		$-0.09	$-0.11	16.0%
30 Eylül 2025		$-0.06	$-0.12	51.8%
30 Haziran 2025		$-0.13	$-0.18	28.5%
31 Mart 2025		$-0.17	$-0.19	10.7%

Tüm Temeller Tüm metrikler yıla göre — gelir tablosu, bilanço, nakit akışı

15

Gelir Tablosu 17

Metrik	2025	2024	2023	2022	2021	2020
Revenue	$146M	$128M	$102M	$85M	$67M	$54M
Cost of Revenue	$57M	$58M	$52M	$41M	$33M	$26M
Gross Profit	$89M	$69M	$50M	$44M	$34M	$28M
R&D Expense	$46M	$42M	$40M	$33M	$21M	$13M
SG&A Expense	$29M	$29M	$27M	$23M	$13M	$7M
Operating Expenses	$112M	$116M	$108M	$92M	$53M	$32M
Operating Income	$-24M	$-46M	$-58M	$-48M	$-19M	$-4M
Interest Expense	·	·	$4M	$4M	$4M	$3M
Interest Income	$2M	$1M	$2M	$965.0K	$0	·
Pretax Income	$-26M	$-49M	$-60M	$-51M	$-22M	$-7M
Income Tax	$84.0K	$6.0K	$0	$-39.0K	$96.0K	$5.0K
Net Income	$-26M	$-49M	$-60M	$-51M	$-22M	$-7M
EPS (Basic)	$-0.46	$-1.11	$-1.66	$-1.62	$-1.07	$-0.36
EPS (Diluted)	$-0.46	$-1.11	$-1.66	$-1.62	$-1.07	$-0.36
Shares (Basic)	56,209,667	43,543,023	36,011,446	31,662,301	20,345,655	18,609,422
Shares (Diluted)	56,209,667	43,543,023	36,011,446	31,662,301	20,345,655	18,609,422
EBITDA	$2M	·	$-33M	$-28M	$-2M	·

Bilanço 26

Metrik	2025	2024	2023	2022	2021	2020
Cash & Equivalents	$29M	$46M	$13M	$7M	$105M	$6M
Short-term Investments	$22M	$9M	$17M	$59M	$0	·
Receivables	$3M	$2M	$800.0K	$856.0K	$309.0K	$209.0K
Prepaid Expense	$4M	$3M	$8M	$8M	$6M	$3M
Other Current Assets	$7M	$6M	·	·	·	·
Current Assets	$66M	$66M	$39M	$74M	$111M	$9M
PP&E (Net)	·	·	·	·	$43M	$39M
PP&E (Gross)	·	·	·	·	$86M	$71M
Accum. Depreciation	·	·	·	·	$43M	$32M
Intangibles	$41M	·	·	·	·	·
Other Non-current Assets	$5M	$2M	$944.0K	$793.0K	$2M	$809.0K
Total Assets	$192M	$169M	$132M	$152M	$164M	$54M
Accounts Payable	$2M	$1M	$2M	$3M	$2M	$2M
Accrued Liabilities	$2M	$1M	$1M	$3M	$2M	$1M
Current Liabilities	$62M	$60M	$57M	$56M	$45M	$36M
Capital Leases	$20M	$13M	$8M	$5M	$0	·
Other Non-current Liabilities	·	·	·	$0	$298.0K	$820.0K
Total Liabilities	$109M	$91M	$87M	$84M	$68M	$59M
Total Debt	·	·	·	·	$0	·
Common Stock	·	·	·	·	·	$5.0K
Paid-in Capital	$307M	$274M	$192M	$156M	$132M	$8M
Retained Earnings	$-222M	$-196M	$-147M	$-88M	$-36M	$-15M
Treasury Stock	$2M	$0	·	·	·	·
Stockholders' Equity	$83M	$78M	$45M	$69M	$95M	$-7M
Liabilities + Equity	$192M	$169M	$132M	$152M	$164M	$54M
Shares Outstanding	·	53,375,770	39,150,610	33,393,737	30,384,834	18,614,905

Nakit Akışı 14

Metrik	2025	2024	2023	2022	2021	2020
D&A	$26M	$28M	$25M	$20M	$16M	$13M
Stock-based Comp	$26M	$29M	$25M	$17M	$6M	$2M
Deferred Tax	$0	$0	$0	$-38.0K	$38.0K	$0
Restructuring	$2M	$5M	$4M	·	·	·
Other Non-cash	$-3M	·	$2M	$455.0K	$3M	·
Operating Cash Flow	$24M	$13M	$-7M	$-14M	$4M	$13M
CapEx	$5M	$2M	$6M	$7M	$8M	$2M
Investing Cash Flow	$-25M	$-6M	$22M	$-74M	$-11M	$-5M
Stock Repurchased	$2M	$0	$0	·	·	·
Net Stock Activity	$-2M	·	·	·	·	·
Financing Cash Flow	$-15M	$23M	$-9M	$-6M	$107M	$-9M
Net Change in Cash	$-17M	$29M	$5M	$-94M	$99M	$-902.0K
Free Cash Flow	$19M	·	$-13M	$-21M	$-4M	·
Levered FCF	·	·	$-17M	$-25M	$-8M	·

Kârlılık 8

Metrik	2025	2024	2023	2022	2021	2020
Gross Margin	60.9%	·	48.9%	51.5%	50.9%	·
Operating Margin	-16.2%	·	-56.8%	-56.5%	-27.9%	·
Net Margin	-17.6%	·	-58.5%	-60.4%	-32.2%	·
Pretax Margin	-17.5%	·	-58.5%	-60.4%	-32.0%	·
EBITDA Margin	1.4%	·	-32.3%	-32.8%	-3.7%	·
ROA	-14.2%	·	-42.0%	-32.5%	-19.9%	·
ROE	-31.4%	·	-129.4%	-70.8%	-53.9%	·
ROIC	-28.5%	·	-128.9%	-69.9%	-19.8%	·

Likidite ve Solventlik 4

Metrik	2025	2024	2023	2022	2021	2020
Current Ratio	1.1	·	0.7	1.3	2.5	·
Quick Ratio	0.9	·	0.5	1.2	2.3	·
Debt / Equity	·	·	·	·	0.0	·
Interest Coverage	·	·	-15.3	-11.2	-5.1	·

Verimlilik 2

Metrik	Eğilim	2025	2024	2023	2022	2021	2020
Asset Turnover		0.8	·	0.7	0.5	0.6	·
Receivables Turnover		54.9	·	123.2	146.2	260.5	·

Hisse Başına 5

Metrik	2025	2024	2023	2022	2021	2020
Book Value / Share	·	·	$1.15	$2.06	$3.14	·
Revenue / Share	$2.59	·	$2.83	$2.69	$3.32	·
Cash Flow / Share	$0.42	·	$-0.20	$-0.44	$0.17	·
Cash / Share	·	·	$0.32	$0.20	$3.45	·
EPS (TTM)	$-0.46	$-1.11	$-1.66	$-1.62	$-1.07	·

Büyüme Oranları 3

Metrik	2025	2024	2023	2022	2021	2020
Revenue YoY	14.3%	25.1%	19.8%	26.2%	25.5%	·
Revenue CAGR 3Y	19.6%	23.7%	23.8%	·	·	·
Revenue CAGR 5Y	22.1%	·	·	·	·	·

Değerleme (TTM) 14

Metrik	2025	2024	2023	2022	2021	2020
Revenue TTM	$146M	$128M	$102M	$85M	$67M	·
Net Income TTM	$-26M	$-49M	$-60M	$-51M	$-22M	·
Market Cap	·	·	$297M	$205M	$513M	·
Enterprise Value	·	·	·	·	$408M	·
P/E	-10.1	-5.4	-4.6	-3.8	-15.8	·
P/S	·	·	2.9	2.4	7.6	·
P/B	·	·	6.6	3.0	5.4	·
P / Tangible Book	·	4.1	6.6	3.0	5.4	·
P / Cash Flow	·	·	-40.4	-14.9	145.8	·
P / FCF	·	·	-23.1	-9.7	-126.4	·
EV / EBITDA	·	·	·	·	-165.2	·
EV / FCF	·	·	·	·	-100.6	·
EV / Revenue	·	·	·	·	6.1	·
Earnings Yield	-9.9%	-18.4%	-21.9%	-26.3%	-6.3%	·

Gelir Tablosu 18

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$43M	$39M	$38M	$37M	$36M	$35M	$34M	$33M	$31M	$30M	$29M	$25M	$25M	$23M	$23M	$22M
Cost of Revenue	$16M	$15M	$14M	$14M	$13M	$15M	$15M	$15M	$14M	$14M	$14M	$14M	$13M	$12M	$11M	$11M
Gross Profit	$27M	$24M	$23M	$23M	$23M	$19M	$19M	$18M	$17M	$16M	$15M	$12M	$12M	$11M	$12M	$11M
R&D Expense	$11M	$11M	$11M	$11M	$12M	$12M	$12M	$11M	$10M	$10M	$9M	$10M	$10M	$11M	$9M	$8M
SG&A Expense	$10M	$7M	$8M	$6M	$7M	$7M	$9M	$8M	$6M	$7M	$7M	$7M	$6M	$7M	$7M	$5M
Operating Expenses	$31M	$29M	$28M	$26M	$29M	$28M	$32M	$30M	$27M	$26M	$27M	$27M	$26M	$28M	$25M	$23M
Operating Income	$-4M	$-5M	$-5M	$-3M	$-6M	$-9M	$-14M	$-12M	$-10M	$-11M	$-12M	$-16M	$-14M	$-17M	$-14M	$-12M
Interest Expense	·	·	·	·	·	·	·	·	·	$921.0K	·	$936.0K	$942.0K	$923.0K	$1M	$950.0K
Interest Income	$381.0K	$404.0K	$451.0K	$477.0K	$500.0K	$533.0K	$363.0K	$313.0K	$362.0K	$384.0K	$408.0K	$447.0K	$519.0K	$610.0K	$560.0K	$210.0K
Other Non-op	$7.0K	$39.0K	·	·	$-477.0K	$-149.0K	·	·	·	·	·	·	·	·	·	·
Pretax Income	$-5M	$-6M	$-5M	$-4M	$-7M	$-9M	$-14M	$-13M	$-10M	$-11M	$-12M	$-16M	$-14M	$-17M	$-14M	$-13M
Income Tax	$40.0K	$28.0K	$0	$0	$0	$84.0K	$0	$0	$0	$6.0K	$0	$0	$0	$0	$30.0K	$0
Net Income	$-5M	$-6M	$-5M	$-4M	$-7M	$-9M	$-14M	$-13M	$-10M	$-11M	$-12M	$-16M	$-14M	$-17M	$-14M	$-13M
EPS (Basic)	$-0.08	$-0.10	$-0.09	$-0.07	$-0.13	$-0.17	$-0.30	$-0.29	$-0.25	$-0.27	$-0.31	$-0.44	$-0.41	$-0.50	$-0.44	$-0.40
EPS (Diluted)	$-0.08	$-0.10	$-0.09	$-0.07	$-0.13	$-0.17	$-0.30	$-0.29	$-0.25	$-0.27	$-0.31	$-0.44	$-0.41	$-0.50	$-0.44	$-0.40
Shares (Basic)	60,793,955	59,290,195	·	56,977,764	55,627,214	54,060,249	·	43,515,110	42,151,850	40,225,239	·	36,665,195	35,149,000	33,922,683	·	31,994,391
Shares (Diluted)	60,793,955	59,290,195	·	56,977,764	55,627,214	54,060,249	·	43,515,110	42,151,850	40,225,239	·	36,665,195	35,149,000	33,922,683	·	31,994,391
EBITDA	$-4M	$1M	·	$-3M	$-7M	$-1M	·	$-12M	$-10M	$-4M	·	$-16M	$-14M	$-11M	·	$-12M

Bilanço 22

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$32M	$26M	$29M	$29M	$32M	$41M	$46M	$3M	$9M	$6M	$13M	$9M	$6M	$4M	$7M	$25M
Short-term Investments	$17M	$19M	$22M	$21M	$18M	$13M	$9M	$18M	$14M	$22M	·	$21M	$31M	$46M	$59M	$53M
Receivables	$5M	$4M	$3M	$3M	$3M	$2M	$2M	$3M	$2M	$2M	·	$2M	$826.0K	$789.0K	$856.0K	$720.0K
Prepaid Expense	$4M	$6M	$4M	$4M	$3M	$10M	$3M	$8M	$8M	$9M	·	$7M	$7M	$8M	$8M	$6M
Other Current Assets	$9M	$7M	$7M	$7M	$7M	·	$6M	·	·	·	·	·	·	·	·	·
Current Assets	$69M	$63M	$66M	$65M	$64M	$65M	$66M	$32M	$34M	$39M	·	$45M	$45M	$58M	$74M	$85M
Intangibles	$42M	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Other Non-current Assets	$10M	$6M	$5M	$4M	$4M	$2M	$2M	$1M	$1M	$963.0K	·	$868.0K	$483.0K	$595.0K	$793.0K	$2M
Total Assets	$224M	$193M	$192M	$192M	$186M	$170M	$169M	$136M	$128M	$132M	·	$135M	$135M	$143M	$152M	$157M
Accounts Payable	·	·	$2M	·	·	·	$1M	$2M	$1M	$1M	·	$2M	$2M	$3M	$3M	$3M
Accrued Liabilities	·	·	$2M	·	·	·	$1M	$1M	$1M	$1M	·	$2M	$1M	$2M	$3M	$2M
Current Liabilities	$69M	$60M	$62M	$59M	$60M	$59M	$60M	$59M	$55M	$56M	·	$61M	$51M	$53M	$56M	$54M
Capital Leases	$31M	$19M	$20M	$21M	$22M	$12M	$13M	$12M	$8M	$8M	·	$9M	$4M	$5M	$5M	$3M
Other Non-current Liabilities	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$0
Total Liabilities	$135M	$108M	$109M	$109M	$106M	$92M	$91M	$93M	$83M	$84M	·	$87M	$80M	$82M	$84M	$80M
Total Debt	·	·	·	·	·	·	·	·	·	·	·	$6M	·	·	·	·
Paid-in Capital	$325M	$315M	$307M	$300M	$292M	$283M	$274M	$224M	$214M	$206M	·	$183M	$173M	$165M	$156M	$150M
Retained Earnings	$-233M	$-228M	$-222M	$-216M	$-212M	$-205M	$-196M	$-182M	$-169M	$-159M	·	$-135M	$-119M	$-105M	$-88M	$-73M
Treasury Stock	$3M	$3M	$2M	$1M	·	·	$0	·	·	·	·	·	·	·	·	·
Stockholders' Equity	$89M	$85M	$83M	$83M	$80M	$78M	$78M	$43M	$45M	$47M	$45M	$47M	$54M	$61M	$69M	$77M
Liabilities + Equity	$224M	$193M	$192M	$192M	$186M	$170M	$169M	$136M	$128M	$132M	·	$135M	$135M	$143M	$152M	$157M
Shares Outstanding	·	·	·	·	56,462,752	54,869,647	·	44,265,173	42,886,281	41,469,779	·	37,464,639	35,984,501	34,517,414	33,393,737	32,436,389

Nakit Akışı 14

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$7M	$7M	$6M	$6M	$5M	$8M	$7M	$7M	$7M	$7M	$7M	$6M	$6M	$6M	$5M	$5M
Stock-based Comp	$9M	$7M	$6M	$5M	$7M	$7M	$9M	$8M	$6M	$6M	$7M	$8M	$5M	$6M	$4M	$5M
Amort. of Intangibles	$3M	·	·	·	$2M	·	·	·	·	·	·	·	·	·	·	·
Restructuring	·	·	·	·	·	·	·	·	·	·	$0	$12.0K	$1M	$2M	·	·
Other Non-cash	·	$-4M	·	·	·	$-856.0K	·	·	·	$2M	·	·	·	$361.0K	·	·
Operating Cash Flow	$10M	$3M	$9M	$6M	$4M	$5M	$2M	$5M	$2M	$3M	$3M	$-170.0K	$-5M	$-5M	$-3M	$-2M
CapEx	$802.0K	$651.0K	$265.0K	$3M	$784.0K	$503.0K	$826.0K	$191.0K	$271.0K	$423.0K	$446.0K	$347.0K	$2M	$3M	$3M	$3M
Investing Cash Flow	$-2M	$289.0K	$-3M	$-8M	$-9M	$-6M	$6M	$-7M	$4M	$-9M	$-423.0K	$5M	$10M	$7M	$-12M	$23M
Stock Repurchased	$566.0K	$809.0K	$798.0K	$1M	$0	$0	$0	·	·	·	·	·	·	·	·	·
Net Stock Activity	·	$-809.0K	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Financing Cash Flow	$-2M	$-7M	$-6M	$-1M	$-3M	$-4M	$30M	$-4M	$-3M	$-264.0K	$-1M	$-4M	$-2M	$-2M	$-1M	$-471.0K
Net Change in Cash	$6M	$-3M	$105.0K	$-3M	$-8M	$-5M	$38M	$-6M	$3M	$-6M	$2M	$1M	$2M	$352.0K	$-16M	$20M
Free Cash Flow	·	$3M	·	·	·	$4M	·	·	·	$3M	·	·	·	$-8M	·	·
Levered FCF	·	·	·	·	·	·	·	·	·	$2M	·	·	·	$-9M	·	·

Kârlılık 8

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Gross Margin	62.8%	60.9%	·	62.1%	63.5%	55.6%	·	54.6%	55.1%	52.8%	·	46.5%	49.0%	46.9%	·	50.9%
Operating Margin	-9.8%	-13.8%	·	-8.9%	-18.5%	-25.8%	·	-37.4%	-31.4%	-35.1%	·	-61.5%	-56.6%	-71.8%	·	-54.7%
Net Margin	-11.9%	-15.9%	·	-10.2%	-19.6%	-26.9%	·	-39.1%	-33.1%	-36.9%	·	-63.5%	-58.3%	-73.2%	·	-58.1%
Pretax Margin	-11.8%	-15.8%	·	-10.2%	-19.6%	-26.7%	·	-39.1%	-33.1%	-36.9%	·	-63.5%	-58.3%	-73.2%	·	-58.1%
EBITDA Margin	-9.8%	3.6%	·	-8.9%	-18.5%	-3.3%	·	-37.4%	-31.4%	-12.0%	·	-61.5%	-56.6%	-47.3%	·	-54.7%
ROA	-2.5%	-3.4%	·	-2.3%	-4.5%	-6.2%	·	-9.4%	-7.9%	-8.0%	·	-11.0%	-9.7%	-11.1%	·	-11.8%
ROE	-6.0%	-7.6%	·	-6.0%	-11.4%	-14.9%	·	-28.3%	-20.8%	-20.5%	·	-25.9%	-20.9%	-23.1%	·	-41.5%
ROIC	-4.8%	-6.3%	·	-4.0%	-8.4%	-11.6%	·	-28.5%	-21.8%	-22.2%	·	-29.1%	-25.7%	-27.7%	·	-15.8%

Likidite ve Solventlik 4

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	1.0	1.0	·	1.1	1.1	1.1	·	0.5	0.6	0.7	·	0.7	0.9	1.1	·	1.6
Quick Ratio	0.8	0.8	·	0.9	0.9	0.9	·	0.4	0.5	0.5	·	0.5	0.7	0.9	·	1.4
Debt / Equity	·	·	·	·	·	·	·	·	·	·	·	0.1	·	·	·	·
Interest Coverage	·	·	·	·	·	·	·	·	·	-11.4	·	-16.6	-14.8	-18.2	·	-12.7

Verimlilik 2

Metrik	Eğilim	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2	0.2	0.2	·	0.2
Receivables Turnover		10.0	12.8	·	12.1	14.4	20.4	·	13.7	23.7	24.9	·	18.7	40.4	45.4	·	52.8

Hisse Başına 5

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	·	·	·	·	$1.41	$1.42	·	$0.97	$1.05	$1.14	·	$1.26	$1.51	$1.75	·	$2.36
Revenue / Share	$0.70	$0.65	·	$0.65	$0.65	$0.64	·	$0.75	$0.74	$0.74	·	$0.69	$0.70	$0.69	·	$0.69
Cash Flow / Share	·	$0.06	·	·	·	$0.09	·	·	·	$0.08	·	·	·	$-0.15	·	·
Cash / Share	·	·	·	·	$0.57	$0.74	·	$0.07	$0.22	$0.15	·	$0.24	$0.16	$0.12	·	$0.77
EPS (TTM)	$-0.34	$-0.39	·	$-0.67	$-0.89	$-1.01	·	$-1.12	$-1.27	$-1.43	·	$-1.79	$-1.75	$-1.71	·	$-1.60

Değerleme (TTM) 11

Metrik	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$156M	$150M	·	$142M	$137M	$132M	·	$123M	$115M	$109M	·	$96M	$93M	$89M	·	$81M
Net Income TTM	$-20M	$-22M	·	$-35M	$-44M	$-47M	·	$-46M	$-50M	$-54M	·	$-62M	$-59M	$-56M	·	$-47M
Market Cap	·	·	·	·	$311M	$265M	·	$283M	$264M	$424M	·	$206M	$156M	$174M	·	$161M
Enterprise Value	·	·	·	·	·	·	·	·	·	·	·	$182M	·	·	·	·
P/E	-46.6	-8.8	·	-13.9	-6.2	-4.8	·	-5.7	-4.9	-7.2	·	-3.1	-2.5	-3.0	·	-3.1
P/S	·	·	·	·	2.3	2.0	·	2.3	2.3	3.9	·	2.1	1.7	2.0	·	2.0
P/B	·	·	·	·	3.9	3.4	·	6.6	5.9	8.9	·	4.4	2.9	2.9	·	2.1
P / Tangible Book	·	·	·	·	3.9	3.4	·	6.6	5.9	8.9	·	4.4	2.9	2.9	·	2.1
P / Cash Flow	·	·	·	·	·	53.6	·	·	·	124.2	·	·	·	-33.6	·	·
EV / Revenue	·	·	·	·	·	·	·	·	·	·	·	1.9	·	·	·	·
Earnings Yield	-2.1%	-11.3%	·	-7.2%	-16.2%	-20.9%	·	-17.5%	-20.6%	-14.0%	·	-32.6%	-40.4%	-33.9%	·	-32.2%

En son dönem solda · null değerler · olarak gösterilir

Finansal Tablolar Gelir tablosu, bilanço, nakit akışı — yıllık, son 5 yıl

16

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Gelir	$146M	$128M	$102M	$85M	$67M
Brüt Kâr Marjı %	60.9%	·	48.9%	51.5%	50.9%
Faaliyet Kâr Marjı %	-16.2%	·	-56.8%	-56.5%	-27.9%
Net Gelir	$-26M	$-49M	$-60M	$-51M	$-22M
Seyreltilmiş Hisse Başı Kâr	$-0.46	$-1.11	$-1.66	$-1.62	$-1.07

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Borç / Öz Sermaye	·	·	·	·	0.0
Cari Oran	1.1	·	0.7	1.3	2.5
Cari Oran	0.9	·	0.5	1.2	2.3

Metrik	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Serbest Nakit Akışı	$19M	·	$-13M	$-21M	$-4M

Kurumsal Sahipler (13F) 185 dosya · $555.6M toplam · Tarih itibarıyla 30 Haziran 2026

17

Çeyreklik SEC Form 13F'lerinde bu hisse senedini tuttuklarını bildiren kurumlar. Yalnızca uzun pozisyonlar; tek bir başvuru sahibi, ayrı opsiyon bacakları için iki kez görünebilir. Büyük dengeleyici alım/satım bacakları genellikle piyasa yapımını veya korunmuş envanteri yansıtır, yönlü bir inancı değil.

Sahipler 185

Tutulan Değer $555.6M

Yeni pozisyonlar 67

Çıkan pozisyonlar 23

Kurumsal faaliyet — Q2 2026 ve önceki çeyrek

Yeni pozisyonlar	Çıkan pozisyonlar	Artırıldı	Azaldı	Net hisse senedi değişimi
67 (+41 önceki Ç'ye göre)	23 (-7 önceki Ç'ye göre)	71 (+29 önceki Ç'ye göre)	29 (-17 önceki Ç'ye göre)	+7.5M

Q1 2026 ile karşılaştırıldı. SEC Form 13F başvuruları, çeyrek sonundan itibaren 45 gün içinde ve geç başvuranlar için kısa bir ek süre içinde tamamlanmalıdır — bu pencere içindeki çeyrekler, en son tam olarak raporlanan çifte tercih edilerek atlanır.

Kurum	Değer	Hisse senetleri	% izlenen 13F'nin	Tür
BlackRock, Inc.	$74.898.579	4.722.483	13,48%	Hisse senetleri
Driehaus Capital Management LLC	$42.632.378	2.688.044	7,67%	Hisse senetleri
VANGUARD CAPITAL MANAGEMENT LLC	$39.882.175	2.514.639	7,18%	Hisse senetleri
GEODE CAPITAL MANAGEMENT, LLC	$24.194.147	1.525.097	4,35%	Hisse senetleri
AWM Investment Company, Inc.	$22.206.633	1.400.166	4,00%	Hisse senetleri
Pillsbury Lake Capital LLC	$21.249.815	1.339.837	3,82%	Hisse senetleri
STATE STREET CORP	$19.301.588	1.216.998	3,47%	Hisse senetleri
Connor, Clark & Lunn Investment Management Ltd.	$18.346.087	1.156.752	3,30%	Hisse senetleri
AQR CAPITAL MANAGEMENT LLC	$16.682.293	1.051.847	3,00%	Hisse senetleri
VANGUARD GROUP INC	$14.430.710	3.096.719	2,60%	Hisse senetleri
Qube Research & Technologies Ltd	$12.151.932	766.200	2,19%	Hisse senetleri
RENAISSANCE TECHNOLOGIES LLC	$12.094.963	762.608	2,18%	Hisse senetleri
NEXT CENTURY GROWTH INVESTORS LLC	$10.903.718	687.498	1,96%	Hisse senetleri
DIMENSIONAL FUND ADVISORS LP	$9.966.563	628.636	1,79%	Hisse senetleri
VANGUARD PORTFOLIO MANAGEMENT LLC	$9.734.614	613.784	1,75%	Hisse senetleri
Nuveen, LLC	$9.164.559	577.841	1,65%	Hisse senetleri
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$8.724.110	550.070	1,57%	Hisse senetleri
MILLENNIUM MANAGEMENT LLC	$7.857.599	495.435	1,41%	Hisse senetleri
NORTHERN TRUST CORP	$7.669.865	483.598	1,38%	Hisse senetleri
Jump Financial, LLC	$7.439.926	469.100	1,34%	Hisse senetleri
GOLDMAN SACHS GROUP INC	$7.427.714	468.330	1,34%	Hisse senetleri
Halter Ferguson Financial Inc.	$7.259.963	457.753	1,31%	Hisse senetleri
VANGUARD FIDUCIARY TRUST CO	$6.718.994	423.644	1,21%	Hisse senetleri
MORGAN STANLEY	$6.469.469	407.911	1,16%	Hisse senetleri
FMR LLC	$5.622.265	354.493	1,01%	Hisse senetleri
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$5.341.648	336.800	0,96%	Alım opsiyonu
PRELUDE CAPITAL MANAGEMENT, LLC	$5.025.257	316.851	0,90%	Hisse senetleri
MARSHALL WACE, LLP	$5.017.168	316.341	0,90%	Hisse senetleri
PERKINS CAPITAL MANAGEMENT INC	$4.896.378	308.725	0,88%	Hisse senetleri
LAZARD ASSET MANAGEMENT LLC	$4.712.609	297.138	0,85%	Hisse senetleri
RAYMOND JAMES FINANCIAL INC	$3.960.019	249.686	0,71%	Hisse senetleri
TUDOR INVESTMENT CORP ET AL	$3.884.162	244.903	0,70%	Hisse senetleri
BOOTHBAY FUND MANAGEMENT, LLC	$3.844.242	242.386	0,69%	Hisse senetleri
JPMORGAN CHASE & CO	$3.642.815	243.341	0,66%	Hisse senetleri
JANE STREET GROUP, LLC	$3.589.118	226.300	0,65%	Alım opsiyonu
Trexquant Investment LP	$3.585.867	226.095	0,65%	Hisse senetleri
UBS Group AG	$3.421.335	215.721	0,62%	Hisse senetleri
NORGES BANK	$3.416.244	215.400	0,61%	Hisse senetleri
Bank of New York Mellon Corp	$3.073.852	193.812	0,55%	Hisse senetleri
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$2.691.727	169.718	0,48%	Hisse senetleri
Kultura Capital Management LP	$2.650.206	167.100	0,48%	Alım opsiyonu
Regal Partners Ltd	$2.586.385	163.076	0,47%	Hisse senetleri
AMERIPRISE FINANCIAL INC	$2.488.863	156.927	0,45%	Hisse senetleri
Squarepoint Ops LLC	$2.464.914	155.417	0,44%	Hisse senetleri
Cerity Partners LLC	$2.342.396	147.692	0,42%	Hisse senetleri
IEQ CAPITAL, LLC	$2.100.118	132.416	0,38%	Hisse senetleri
FRANKLIN RESOURCES INC	$2.043.593	128.852	0,37%	Hisse senetleri
TWO SIGMA INVESTMENTS, LP	$1.954.158	123.213	0,35%	Hisse senetleri
Scientech Research LLC	$1.783.790	112.471	0,32%	Hisse senetleri
Cubist Systematic Strategies, LLC	$1.704.263	183.649	0,31%	Hisse senetleri

Tüm 185 kurumsal sahibi göster →

Şirket yöneticileri 15 içeriden öğrenenler · 5 yöneticiler · 7 yönetim kurulu üyeleri

19

İçeriden Öğrenen	Rol	Son işlem	Sahip olunan hisse senetleri	Satışlar 12ay	Net 12ay
Gleb Budman	CEO and Chairperson	21 Ağustos 2026 S	2.192.103	1	$-203.366
Marc Suidan	Chief Financial Officer	21 Ağustos 2026 S	349.518	1	$-33.380
Francis P Patchel	Chief Financial Officer	23 Ağustos 2024 S	148.245	0	$0
Daniel Spraggins	Senior VP of Engineering	10 Mart 2026 A	234.220	0	$0
Tina Cessna	Senior VP, Engineering	20 Ağustos 2025 F	184.776	0	$0
An Evelyn D	Yönetim kurulu üyesi	26 Mayıs 2026 A	118.307	0	$0
Barbara H Nelson	Yönetim kurulu üyesi	26 Mayıs 2026 A	106.862	0	$0
Earl E Fry	Yönetim kurulu üyesi	26 Mayıs 2026 A	118.307	0	$0
Miller Joycelyn Carter	Yönetim kurulu üyesi	26 Mayıs 2026 A	122.862	0	$0
Jocelyn Carter-Miller	Yönetim kurulu üyesi	27 Mayıs 2025 A	103.556	0	$0
Timothy M Nufire	Yönetim kurulu üyesi	05 Haziran 2023 S	1.026.000	0	$0
TMT INVESTMENTS PLC	10% sahip	01 Eylül 2023 S	3.594.030	0	$0
Charles J. Jones	10% sahip	24 Şubat 2023 S	1.164.000	0	$0
Brian K Wilson	10% sahip	24 Şubat 2023 S	1.164.000	0	$0
Kwok Hang Ng	10% sahip	23 Şubat 2023 S	1.169.128	0	$0

SEC Form 3/4/5 başvurularından yöneticiler; net = yalnızca açık piyasa Alış/Satış

ETF sahipliği 18 ETF'ler tarafından tutuluyor

20

Ağırlık yalnızca doğrudan öz sermaye varlıklarını (N-PORT) yansıtır; kaldıraçlı veya türev tabanlı fonlar gösterilmeyen ek swap pozisyonlarına sahip olabilir.

Fon	Ağırlık	Birimler	Tarih itibarıyla	Kaynak
JSML · Janus Detroit Street Trust	0,56%	146.720 NS	31 Temmuz 2026	N-PORT
IWC · iShares Trust	0,17%	199.369 SH	11 Eylül 2026	Günlük
VTWG · VANGUARD SCOTTSDALE FUNDS	0,05%	62.866 SH	19 Ağustos 2026	Günlük
IWO · iShares Trust	0,05%	550.829 SH	11 Eylül 2026	Günlük
VTWO · VANGUARD SCOTTSDALE FUNDS	0,03%	337.430 SH	19 Ağustos 2026	Günlük
RSSL · Global X Funds	0,03%	28.023 NS	31 Temmuz 2026	N-PORT
IWM · iShares Trust	0,02%	1.514.123 SH	11 Eylül 2026	Günlük
DFAS · Dimensional ETF Trust	0,02%	198.202 NS	31 Temmuz 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0,01%	688.048 SH	19 Ağustos 2026	Günlük
DCOR · Dimensional ETF Trust	0,00%	4.513 NS	31 Temmuz 2026	N-PORT
DFSU · Dimensional ETF Trust	0,00%	2.829 NS	31 Temmuz 2026	N-PORT
ITOT · iShares Trust	0,00%	90.890 SH	11 Eylül 2026	Günlük
IWV · iShares Trust	0,00%	15.721 SH	10 Eylül 2026	Günlük
DFAU · Dimensional ETF Trust	0,00%	6.769 NS	31 Temmuz 2026	N-PORT
DFUS · Dimensional ETF Trust	0,00%	11.141 NS	31 Temmuz 2026	N-PORT
DFAC · Dimensional ETF Trust	0,00%	8.211 NS	31 Temmuz 2026	N-PORT
VTI · VANGUARD INDEX FUNDS	0,00%	1.768.455 SH	19 Ağustos 2026	Günlük
VTHR · VANGUARD SCOTTSDALE FUNDS	0,00%	5.311 SH	19 Ağustos 2026	Günlük

BLZE Analist Uzlaşması Boğa ve ayı analist görüşleri, 12 aylık fiyat hedefi, yukarı yönlü potansiyel

21

derecelendirme · 13 analist AL

Medyan hedef $23.00 +60,2%

3 23,1% Güçlü Al

8 61,5% Al

2 15,4% Tut

0 0,0% Sat

0 0,0% Güçlü Sat

12 Aylık Fiyat Hedefi

6 analist · 2026-09-27

Ortalama hedef $22.83 +59,0%

← Tüm hedeflerin altında Mevcut fiyat $14.36

Düşük$21.00 Ortalama$22.83 Yüksek$25.00

Akran karşılaştırması (GICS alt sektörü) Anahtar metrikler sektördeki benzerlerine karşı

22

Mali yıl bazında, fiyatlar her şirketin son mali yıl kapanışına göredir.

Hisse Sembolü	Piyasa Değeri	P/E	Gelir YoY	Net Kar Marjı	ROE	Brüt Kar Marjı
BLZE	·	-10.1	14.3%	-17.6%	-31.4%	60.9%
SHAZ	·	·	257.4%	-2529.2%	-401.0%	6.4%
SHAZ	·	·	257.4%	-2529.2%	-401.0%	6.4%
RXT	$238M	-1.0	-1.9%	-8.4%	19.3%	18.9%
WYFI	$606M	-20.3	66.2%	-31.2%	-6.2%	60.2%
USDE	·	·	·	·	·	·
CMRC	$336M	-17.2	2.8%	-5.7%	-49.5%	78.8%
CXDO	$201M	40.4	12.0%	7.4%	8.3%	·
NET	·	-679.8	29.8%	·	·	·

Son Haberler Bu şirketten bahseden son manşetler

23

Backblaze Sees AI Boom Fueling Cloud Storage Demand and Neocloud Deals Yahoo Finance · 3 ay, 3 hafta önce Backblaze Hissesi Bu Sabah Neden %81 Sıçradı Nasdaq · 4 ay, 4 hafta önce

Metriklerim Kişisel izleme listeniz — Tam Temeller'den seçilen satırlar

26

Sizin için önemli olan metrikleri seçin — Yukarıdaki Tam Temeller bölümündeki herhangi bir satırın yanındaki + işaretine tıklayın.

Seçiminiz kaydedildi ve tüm hisse senetlerinde sizinle birlikte gelir.

BLZE Backblaze, Inc. - Common Stock