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Side-by-side financial comparison of Backblaze, Inc. (BLZE) and Pioneer Bancorp, Inc. (PBFS). Click either name above to swap in a different company.

Backblaze, Inc. is the larger business by last-quarter revenue ($37.8M vs $25.0M, roughly 1.5× Pioneer Bancorp, Inc.). Pioneer Bancorp, Inc. runs the higher net margin — 82.1% vs -14.3%, a 96.4% gap on every dollar of revenue. Over the past eight quarters, Pioneer Bancorp, Inc.'s revenue compounded faster (144.9% CAGR vs 12.3%).

Backblaze, Inc. is an American cloud storage and data backup company based in San Mateo, California. It was founded in 2007 by Gleb Budman and others. Its services are intended for both business and personal markets.

Pioneer Bancorp, Inc. (MD) is a bank holding company operating as the parent entity of Pioneer Bank. It provides a full suite of retail and commercial banking products and services, including deposit accounts, residential and commercial mortgages, consumer loans, and small business financing, primarily serving individual and corporate customers across local communities in Maryland, U.S.

BLZE vs PBFS — Head-to-Head

Bigger by revenue
BLZE
BLZE
1.5× larger
BLZE
$37.8M
$25.0M
PBFS
Higher net margin
PBFS
PBFS
96.4% more per $
PBFS
82.1%
-14.3%
BLZE
Faster 2-yr revenue CAGR
PBFS
PBFS
Annualised
PBFS
144.9%
12.3%
BLZE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BLZE
BLZE
PBFS
PBFS
Revenue
$37.8M
$25.0M
Net Profit
$-5.4M
$3.7M
Gross Margin
62.0%
Operating Margin
-12.4%
21.3%
Net Margin
-14.3%
82.1%
Revenue YoY
11.8%
Net Profit YoY
62.3%
EPS (diluted)
$-0.09
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BLZE
BLZE
PBFS
PBFS
Q4 25
$37.8M
$25.0M
Q3 25
$37.2M
$24.0M
Q2 25
$36.3M
$24.4M
Q1 25
$34.6M
$22.8M
Q4 24
$33.8M
Q3 24
$32.6M
$22.0M
Q2 24
$31.3M
$20.9M
Q1 24
$30.0M
$21.6M
Net Profit
BLZE
BLZE
PBFS
PBFS
Q4 25
$-5.4M
$3.7M
Q3 25
$-3.8M
$4.3M
Q2 25
$-7.1M
$6.5M
Q1 25
$-9.3M
$5.8M
Q4 24
$-14.4M
Q3 24
$-12.8M
$6.3M
Q2 24
$-10.3M
$3.9M
Q1 24
$-11.1M
$4.7M
Gross Margin
BLZE
BLZE
PBFS
PBFS
Q4 25
62.0%
Q3 25
62.1%
Q2 25
63.5%
Q1 25
55.6%
Q4 24
54.8%
Q3 24
54.6%
Q2 24
55.1%
Q1 24
52.8%
Operating Margin
BLZE
BLZE
PBFS
PBFS
Q4 25
-12.4%
21.3%
Q3 25
-8.9%
23.4%
Q2 25
-18.5%
33.3%
Q1 25
-25.8%
32.5%
Q4 24
-40.8%
Q3 24
-37.4%
37.2%
Q2 24
-31.4%
24.1%
Q1 24
-35.1%
28.1%
Net Margin
BLZE
BLZE
PBFS
PBFS
Q4 25
-14.3%
82.1%
Q3 25
-10.2%
18.0%
Q2 25
-19.6%
26.4%
Q1 25
-26.9%
25.3%
Q4 24
-42.6%
Q3 24
-39.1%
28.7%
Q2 24
-33.1%
107.4%
Q1 24
-36.9%
21.9%
EPS (diluted)
BLZE
BLZE
PBFS
PBFS
Q4 25
$-0.09
$0.16
Q3 25
$-0.07
$0.18
Q2 25
$-0.13
$0.26
Q1 25
$-0.17
$0.23
Q4 24
$-0.30
Q3 24
$-0.29
$0.25
Q2 24
$-0.25
$0.15
Q1 24
$-0.27
$0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLZE
BLZE
PBFS
PBFS
Cash + ST InvestmentsLiquidity on hand
$51.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$83.2M
$323.9M
Total Assets
$191.8M
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLZE
BLZE
PBFS
PBFS
Q4 25
$51.4M
Q3 25
$50.3M
Q2 25
$50.5M
Q1 25
$53.2M
Q4 24
$54.9M
Q3 24
$20.9M
Q2 24
$23.6M
Q1 24
$28.2M
Stockholders' Equity
BLZE
BLZE
PBFS
PBFS
Q4 25
$83.2M
$323.9M
Q3 25
$82.8M
$314.2M
Q2 25
$79.6M
$314.2M
Q1 25
$77.8M
$310.7M
Q4 24
$77.6M
Q3 24
$42.8M
$303.8M
Q2 24
$45.1M
$296.5M
Q1 24
$47.5M
$289.0M
Total Assets
BLZE
BLZE
PBFS
PBFS
Q4 25
$191.8M
$2.2B
Q3 25
$191.5M
$2.2B
Q2 25
$186.0M
$2.1B
Q1 25
$170.2M
$2.1B
Q4 24
$168.6M
Q3 24
$136.2M
$2.0B
Q2 24
$127.8M
Q1 24
$131.9M
$2.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BLZE
BLZE
PBFS
PBFS
Operating Cash FlowLast quarter
$9.3M
$11.1M
Free Cash FlowOCF − Capex
$9.0M
FCF MarginFCF / Revenue
24.0%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
2.97×
TTM Free Cash FlowTrailing 4 quarters
$18.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLZE
BLZE
PBFS
PBFS
Q4 25
$9.3M
$11.1M
Q3 25
$5.7M
$3.9M
Q2 25
$3.5M
$5.1M
Q1 25
$4.9M
$-3.5M
Q4 24
$2.2M
Q3 24
$4.6M
$1.9M
Q2 24
$2.2M
$9.0M
Q1 24
$3.4M
$3.3M
Free Cash Flow
BLZE
BLZE
PBFS
PBFS
Q4 25
$9.0M
Q3 25
$2.6M
Q2 25
$2.8M
Q1 25
$4.4M
Q4 24
$1.4M
Q3 24
$4.4M
Q2 24
$2.0M
Q1 24
$3.0M
FCF Margin
BLZE
BLZE
PBFS
PBFS
Q4 25
24.0%
Q3 25
7.0%
Q2 25
7.6%
Q1 25
12.8%
Q4 24
4.2%
Q3 24
13.6%
Q2 24
6.3%
Q1 24
10.0%
Capex Intensity
BLZE
BLZE
PBFS
PBFS
Q4 25
0.7%
Q3 25
8.5%
Q2 25
2.2%
Q1 25
1.5%
Q4 24
2.4%
Q3 24
0.6%
Q2 24
0.9%
Q1 24
1.4%
Cash Conversion
BLZE
BLZE
PBFS
PBFS
Q4 25
2.97×
Q3 25
0.90×
Q2 25
0.78×
Q1 25
-0.61×
Q4 24
Q3 24
0.30×
Q2 24
2.30×
Q1 24
0.70×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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