Is Backblaze, Inc. (BLZE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 20.8% / 30% | 24.7% / 30% | 2.7% / 30% | 1.11% / 5% | ✓ HALAL |
| DJIM | 20.8% / 33% | 24.7% / 33% | 2.7% / 33% | 1.11% / 5% | ✓ HALAL |
| MSCI | 27.5% / 33% | 32.6% / 33% | 3.6% / 33% | 1.11% / 5% | ✓ HALAL |
| S&P | 20.8% / 33% | 24.7% / 33% | 2.7% / 33% | 1.11% / 5% | ✓ HALAL |
| FTSE | 27.5% / 33% | 32.6% / 33% | 3.6% / 50% | 1.11% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 61.0% | |
| Operating Margin | -4.4% | |
| Net Margin | -17.6% | |
| Return on Equity (ROE) | -31.8% | |
| Return on Assets (ROA) | -7.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $24M |
| Free Cash Flow | $11M |
| Total Debt | $62M |
| Debt-to-Equity | 74.0 |
| Current Ratio | 1.1 |
| Total Assets | $192M |
Price & Trading
| Last Close | $3.51 |
| 50-Day MA | $4.10 |
| 200-Day MA | $6.13 |
| Avg Volume | 836K |
| Beta | 1.3 |
|
52-Week Range
$3.36
| |
About Backblaze, Inc. (BLZE)
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides B2 Cloud Storage, which enables customers to store data, developers to build applications, and partners to expand their use cases. In addition, the company offers cloud storage solutions for a range of cases, such as public, hybrid, and multi-cloud data storage; application development and DevOps; content delivery and edge computing; security and ransomware protection; media management; backup, archive, and tape replacement; and Internet of Things. Further, it provides computer backup that automatically backs up data from laptops and desktops for businesses and individuals, which offers a subscription-based software-as-a-service and serves use cases, including MAC and PC backup; ransomware protection; theft and loss recovery; data archiving; organization and managed service provider level management; and remote access. The company serves individuals, developers, MSPS, small and medium-sized businesses, and large enterprises across industries, including media, AI innovators, creative agencies, academic institutions, government agencies, research institutes, and gaming companies. Backblaze, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
Purification Calculator
As a halal stock with 1.11% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Backblaze, Inc. (BLZE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Backblaze, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Backblaze, Inc.'s debt ratio?
Backblaze, Inc.'s debt ratio is 20.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 27.5%.
Does Backblaze, Inc. require dividend purification?
Yes, Backblaze, Inc. has an impermissible income ratio of 1.11%, which means 1.11% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Backblaze, Inc.'s key financial metrics?
Backblaze, Inc. has a market capitalization of $204M, and revenue of $146M. The company maintains a gross margin of 61.0% and a net margin of -17.6%. Return on equity stands at -31.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.