BLZE (Backblaze) Construction In Progress: $0.4 Mil (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BLZE Backblaze Inc BLZE
40 GF Score
Price $19.26
GF Value $5.82
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Backblaze Construction In Progress?

Backblaze BLZE +2.39% 40 Construction In Progress is $0.4 Mil as of Jun. 2026. GuruFocus rates BLZE with a GF Score™ of 40/100 and a GF Value™ of $5.82 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Backblaze's quarterly construction in progress increased from Dec. 2025 ($0.1 Mil) to Mar. 2026 ($0.1 Mil) and increased from Mar. 2026 ($0.1 Mil) to Jun. 2026 ($0.4 Mil).

Backblaze's annual construction in progress declined from Dec. 2023 ($1.4 Mil) to Dec. 2024 ($0.3 Mil) and declined from Dec. 2024 ($0.3 Mil) to Dec. 2025 ($0.1 Mil).

Backblaze Construction In Progress Historical Data

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The historical data trend for Backblaze's Construction In Progress 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.

Backblaze Construction In Progress Chart

Backblaze Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 0.00 3.64 1.37 0.31 0.09

Backblaze Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.11 0.09 0.13 0.44
BLZE
40GF Score
Backblaze Inc BLZE
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Backblaze Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $0.4 Mil mean?
Backblaze (BLZE) has a Construction In Progress of $0.4 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Backblaze and its competitors.
Is Backblaze's Construction In Progress too high?
Backblaze's current Construction In Progress is $0.4 Mil. Overall, Backblaze has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Backblaze's Construction In Progress compare to CCSI and SABR?
Backblaze's Construction In Progress of $0.4 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Software company?
A good Construction In Progress depends on the Software industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Backblaze and its competitors. Backblaze's current Construction In Progress is $0.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Backblaze stock overvalued right now?
Based on GuruFocus' analysis, Backblaze (BLZE) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.82, compared to a current price of $19.26 — trading 230.9% above its estimated fair value. The current Construction In Progress is $0.4 Mil. Backblaze's overall GF Score™ is 40/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Backblaze (BLZE), the current Construction In Progress is $0.4 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Backblaze (BLZE) Overvalued in 2026?

Based on GuruFocus' analysis, Backblaze stock appears to be overvalued. The current stock price of $19.26 is trading 230.9% above its estimated GF Value™ of $5.82. GuruFocus considers Backblaze to be Significantly Overvalued.

Key valuation signals for BLZE:

  • Construction In Progress: $0.4 Mil
  • GF Value™: $5.82 vs. price of $19.26 (230.9% above fair value)
  • GF Score™: 40/100 with 5 warning signs

No single metric tells the full story. See the BLZE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Backblaze Business Description

Address 2261 Market Street, Suite 81006, San Francisco, CA, USA, 94114
Backblaze Inc offers a cloud storage platform designed to help businesses and consumers store, use, and protect their data. The company delivers its services through the Backblaze Storage Cloud platform, a purpose-built, web-scale software architecture operating on commodity hardware. Backblaze's offerings include B2 Cloud Storage, an Infrastructure-as-a-Service (IaaS) solution, and Computer Backup, a Software-as-a-Service (SaaS) solution. Its customer base includes individuals, developers, MSPs, small and medium-sized businesses, and large enterprises across industries, academic institutions, government agencies, and other enterprises. Geographically, the company generates maximum revenue from its business in the United States, followed by the United Kingdom, Canada, and other markets.
40GF Score

Get the complete analysis for BLZE

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.26
Price
$5.82
GF Value