Backblaze (Backblaze) EBIT : $-55.9 Mil (TTM As of Dec. 2023)

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What is Backblaze EBIT?

Backblaze's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-11.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-55.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Backblaze's annualized ROC % for the quarter that ended in Dec. 2023 was -31.99%. Backblaze's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -77.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Backblaze's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -14.44%.

Backblaze EBIT Historical Data

The historical data trend for Backblaze's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Backblaze EBIT Chart

Backblaze Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

0.95

-3.73

-17.93

-47.15

-55.92

Backblaze Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial											-12.99	-16.19	-13.40	-15.12	-11.22

Competitive Comparison of Backblaze's EBIT

For the Software - Infrastructure subindustry, Backblaze's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Backblaze's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Backblaze's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Backblaze's EV-to-EBIT falls into.

Backblaze EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-55.9 Mil.

Backblaze (NAS:BLZE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Backblaze's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-46.5 * ( 1 - 0% )	/	( (146.193	+	144.536)	/ 2 )
=	-46.5	/	145.3645
=	-31.99 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	134.749	-	4.648	-	( 29.748	-	max(0, 60.975	-	44.883	+	29.748	))
=	146.193

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	131.687	-	5.724	-	( 29.301	-	max(0, 57.087	-	38.514	+	29.301	))
=	144.536

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Backblaze's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-44.868	/	( ( (60.055 + max(-21.502, 0))	+	(55.58 + max(-31.155, 0)) )	/	2 )
=	-44.868	/	( ( 60.055	+	55.58 )	/	2 )
=	-44.868	/	57.8175
=	-77.60 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.991	+	0	+	10.329)	-	(4.648	+	23.589	+	5.585)
=	-21.502

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.8	+	0	+	4.762)	-	(5.724	+	25.976	+	5.017)
=	-31.155

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Backblaze's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-55.921	/	387.164
	=	-14.44 %

Backblaze EBIT Related Terms

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Backblaze (Backblaze) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Backblaze Inc (NAS:BLZE) » Definitions » EBIT

Comparable Companies

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Traded in Other Exchanges

N/A

Address

500 Ben Franklin Ct, San Mateo, CA, USA, 94401

Website

https://www.backblaze.com

Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States.

Executives

Tina Cessna	officer: Senior VP, Engineering	500 BEN FRANKLIN CT., SAN MATEO CA 94401
Francis P Patchel	officer: Chief Financial Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Investments Plc Tmt	10 percent owner	13 CASTLE STREET, ST. HELIER Y9 JE1 1ES
Gleb Budman	director, 10 percent owner, officer: See Remarks	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Timothy M Nufire	director, 10 percent owner, officer: Chief Cloud Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Brian K Wilson	director, 10 percent owner, officer: Chief Technology Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Charles J. Jones	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Kwok Hang Ng	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Clal Insurance Enterprises Holdings Ltd	10 percent owner	36 RAUL WALENBERG ST, TEL-AVIV L3 6136902
Whetstone Capital Advisors, Llc	10 percent owner	2001 SHAWNEE MISSION PARKWAY, SHAWNEE MISSION KS 66205
Jocelyn Carter-miller	director	3698 NW 15TH STREET, LAUDERHILL FL 33311
An Evelyn D	director	1301 NE 103RD STREET, MIAMI SHORES FL 33138
Earl E Fry	director	C/O INFORMATICA CORPORATION, 2100 SEAPORT BLVD., REDWOOD CITY CA 94063
Barbara H Nelson	director	C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035