Backblaze (BLZE)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	7.63 mm	7.63 mm	7.63 mm	7.63 mm	7.63 mm	7.63 mm
Cash burn (monthly)	3.00 mm	323.75 k	4.25 mm	4.61 mm	250.00 k	242.42 k
Cash used (since last report)	8.40 mm	906.36 k	11.90 mm	12.91 mm	699.89 k	678.66 k
Cash remaining	-764.80 k	6.73 mm	-4.27 mm	-5.28 mm	6.93 mm	6.95 mm
Runway (months of cash)	-0.3	20.8	-1.0	-1.1	27.7	28.7

Beta Read what these cash burn values mean

Financial data from Backblaze earnings reports.

Institutional ownership, Q2 2024

BLZE institutional ownership history Ownership history

41.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	97	76	+27.6%
Opened positions	39	39	–
Closed positions	18	12	+50.0%
Increased positions	21	18	+16.7%
Reduced positions	22	11	+100.0%

13F shares	Current	Prev Q	Change
Total value	78.46 bn	91.41 bn	-14.2%
Total shares	15.47 mm	11.82 mm	+30.8%
Total puts	75.90 k	38.80 k	+95.6%
Total calls	241.10 k	746.50 k	-67.7%
Total put/call ratio	0.3	0.1	+505.7%

Largest owners	Shares	Value	Change
BLK BlackRock	2.60 mm	$16.02 bn	+313.1%
Vanguard	1.77 mm	$10.88 bn	+21.5%
Whetstone Capital Advisors	1.60 mm	$9.86 mm	0.0%
First Eagle Investment Management	1.09 mm	$6.74 bn	+50.6%
Geode Capital Management	842.97 k	$5.19 bn	+137.3%
Millennium Management	647.83 k	$3.99 bn	NEW
Acadian Asset Management	632.77 k	$3.90 mm	-8.2%
Oberweis Asset Management	538.70 k	$3.32 bn	+50.6%
STT State Street	467.40 k	$2.88 bn	+307.9%
Marshall Wace	358.22 k	$2.21 bn	NEW

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	2.60 mm	+1.97 mm	+313.1%
Driehaus Capital Management	0.00	-732.19 k	EXIT
Millennium Management	647.83 k	+647.83 k	NEW
Geode Capital Management	842.97 k	+487.69 k	+137.3%
First Eagle Investment Management	1.09 mm	+367.50 k	+50.6%
Marshall Wace	358.22 k	+358.22 k	NEW
STT State Street	467.40 k	+352.80 k	+307.9%
Vanguard	1.77 mm	+312.26 k	+21.5%
IVZ Invesco	19.26 k	-309.68 k	-94.1%
GS The Goldman Sachs Group, Inc.	46.30 k	-282.45 k	-85.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BLZE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
29 Nov 24	Marc Suidan	Class A Common Stock	Grant	Acquire A	No	No	0	300,000	0.00	300,000
26 Nov 24	Tina Cessna	Class A Common Stock	Sell	Dispose S	No	No	6.42	8,874	56.97 k	144,566
23 Aug 24	Francis P Patchel	Class A Common Stock	Sell	Dispose S	No	No	6.45	4,240	27.35 k	148,245
23 Aug 24	Gleb Budman	Class A Common Stock	Sell	Dispose S	No	No	6.45	4,527	29.20 k	1,874,967
23 Aug 24	Tina Cessna	Class A Common Stock	Sell	Dispose S	No	No	6.45	3,894	25.12 k	153,440
22 Aug 24	Francis P Patchel	Class A Common Stock	Sell	Dispose S	No	No	6.22	3,261	20.28 k	152,485
22 Aug 24	Gleb Budman	Class A Common Stock	Sell	Dispose S	No	No	6.22	3,482	21.66 k	1,879,494
22 Aug 24	Tina Cessna	Class A Common Stock	Sell	Dispose S	No	No	6.22	2,996	18.64 k	157,334
21 Aug 24	Francis P Patchel	Class A Common Stock	Sell	Dispose S	No	No	6.34	3,370	21.37 k	155,746
21 Aug 24	Gleb Budman	Class A Common Stock	Sell	Dispose S	No	No	6.34	3,599	22.82 k	1,882,976