Backblaze (BLZE) Asset Utilization Ratio (2021 - 2025)
Backblaze (BLZE) posted quarterly Asset Utilization Ratio of 0.75 for Q3 2025, down 19.08% year-over-year from 0.93 in Q3 2024, and down 2.52% quarter-over-quarter from 0.77 in Q2 2025.
Backblaze (BLZE) Asset Utilization Ratio (2021 - 2025) Analysis & Trends
Backblaze's Asset Utilization Ratio history runs 5 years deep, the most recent figure standing at 0.75 for Q3 2025.
- In Q3 2025, Asset Utilization Ratio fell 19.08% year-over-year to 0.75; the TTM figure through Sep 2025 stood at 0.75 (down 19.08% YoY), while the FY2024 annual figure was 0.85, up 18.39% from the prior year.
- Asset Utilization Ratio for Q3 2025 stood at 0.75, down from 0.77 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.93 in Q3 2024, with the low at 0.44 in Q1 2022.
- The 5-year median for Asset Utilization Ratio is 0.73 (2023), against an average of 0.69.
- The sharpest annual moves came in 2023 and 2025: Asset Utilization Ratio surged 42.76% in 2023, then fell 19.08% in 2025.
- Backblaze's Asset Utilization Ratio stood at 0.6 in 2021, then decreased by 8.64% to 0.55 in 2022, then soared by 39.11% to 0.77 in 2023, then climbed by 9.36% to 0.84 in 2024, then retreated by 10.27% to 0.75 in 2025.
- Business Quant data shows BLZE's Asset Utilization Ratio at 0.75 in Q3 2025, 0.77 in Q2 2025, and 0.78 in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 0.46 |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 0.27 |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 0.56 |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 0.30 |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 0.73 |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 0.40 |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 0.17 |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 0.11 |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 0.63 |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 0.75 |
| Jun 30, 2025 | 0.77 |
| Mar 31, 2025 | 0.78 |
| Dec 31, 2024 | 0.84 |
| Sep 30, 2024 | 0.93 |
| Jun 30, 2024 | 0.89 |
| Mar 31, 2024 | 0.82 |
| Dec 31, 2023 | 0.77 |
| Sep 30, 2023 | 0.71 |
| Jun 30, 2023 | 0.67 |
| Mar 31, 2023 | 0.60 |
| Dec 31, 2022 | 0.55 |
| Sep 30, 2022 | 0.51 |
| Jun 30, 2022 | 0.47 |
| Mar 31, 2022 | 0.44 |
| Dec 31, 2021 | 0.60 |