Backblaze (BLZE) Asset Utilization Ratio (2021 - 2025)

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 was 0.75 for Q3 2025 at Backblaze, down from 0.77 in the prior quarter.
• In the past five years, Asset Utilization Ratio ranged from a high of 0.93 in Q3 2024 to a low of 0.44 in Q1 2022.
• Historically, Asset Utilization Ratio has averaged 0.69 across 5 years, with a median of 0.73 in 2023.
• The sharpest annual moves came in 2023 and 2025: Asset Utilization Ratio soared 42.76% in 2023, then retreated 19.08% in 2025.
• A 5-year view of Asset Utilization Ratio shows it stood at 0.6 in 2021, then slipped by 8.64% to 0.55 in 2022, then jumped by 39.11% to 0.77 in 2023, then grew by 9.36% to 0.84 in 2024, then decreased by 10.27% to 0.75 in 2025.
• The last three Asset Utilization Ratio figures came in at 0.75 (Q3 2025), 0.77 (Q2 2025), and 0.78 (Q1 2025), per Business Quant data.