Backblaze (BLZE) Capital Expenditures (2020 - 2025)
Backblaze (BLZE) recorded Capital Expenditures of $3.14 million in Q3 2025, compared with $191,000 a year earlier and up 300.8% from the prior quarter.
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Analysis
Backblaze (BLZE) Capital Expenditures (2020 - 2025) Analysis & Trends
On a TTM basis, Backblaze's Capital Expenditures came in at $5.26 million as of Sep 30, 2025, up 294.8% year-over-year; for FY2024, it came in at $1.71 million, down 69.0% from FY2023.
- Annual Capital Expenditures has declined for three straight years, with a four-year compound annual growth rate of -5.3% (FY2020 to FY2024).
- Across earlier years, Capital Expenditures came in at $5.51 million in FY2023 (-25.0%), $7.35 million in FY2022 (-2.8%), $7.56 million in FY2021 (+255.9%) and $2.13 million in FY2020.
- The Q3 2025 figure is the highest quarterly Capital Expenditures since Q4 2022.
- On a year-over-year basis, Capital Expenditures rose in three of the last seven quarters, with an average decline of 1.1%.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 487.0% in Q1 2023, against a decline of 86.4% in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $784,000 (Q2 2025), $503,000 (Q1 2025) and $826,000 (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn | 35.80 Bn |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn | 229.00 Mn |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn | 49.96 Mn |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn | 1.58 Bn |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn | -5.66 Bn |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn | 6.42 Bn |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn | 18.80 Mn |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn | 37.44 Mn |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn | 144.93 Mn |
| 10 | Backblaze | 772.03 Mn | 566.60 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 3.14 Mn |
| Jun 30, 2025 | 784,000.00 |
| Mar 31, 2025 | 503,000.00 |
| Dec 31, 2024 | 826,000.00 |
| Sep 30, 2024 | 191,000.00 |
| Jun 30, 2024 | 271,000.00 |
| Mar 31, 2024 | 423,000.00 |
| Dec 31, 2023 | 446,000.00 |
| Sep 30, 2023 | 347,000.00 |
| Jun 30, 2023 | 1.70 Mn |
| Mar 31, 2023 | 3.02 Mn |
| Dec 31, 2022 | 3.29 Mn |
| Sep 30, 2022 | 2.56 Mn |
| Jun 30, 2022 | 986,000.00 |
| Mar 31, 2022 | 515,000.00 |
| Dec 31, 2021 | 686,000.00 |
| Sep 30, 2021 | 2.42 Mn |
| Jun 30, 2021 | 1.85 Mn |
| Mar 31, 2021 | 2.61 Mn |
| Dec 31, 2020 | 349,000.00 |
API Access
Backblaze Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "BLZE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();