Backblaze (BLZE) Current Leases (2020 - 2025)
Backblaze (BLZE) posted quarterly Current Leases of $14.9 million for Q4 2025, down 8.91% year-over-year from $16.3 million in Q4 2024, and down 2.2% quarter-over-quarter from $15.2 million in Q3 2025.
Analysis
Backblaze (BLZE) Current Leases (2020 - 2025) Analysis & Trends
Backblaze's Current Leases history runs 6 years deep, the most recent figure standing at $14.9 million for Q4 2025.
- In Q4 2025, Current Leases fell 8.91% year-over-year to $14.9 million; the TTM figure through Dec 2025 stood at $14.9 million (down 8.91% YoY), while the FY2025 annual figure was $14.9 million, down 8.91% from the prior year.
- Current Leases for Q4 2025 stood at $14.9 million, down from $15.2 million in the prior quarter.
- The five-year high for Current Leases was $19.1 million in Q3 2023, with the low at $12.0 million in Q3 2021.
- The 5-year median for Current Leases is $16.7 million (2024), against an average of $16.5 million.
- The sharpest annual moves came in 2022 and 2024: Current Leases surged 57.08% in 2022, then declined 13.4% in 2024.
- Backblaze's Current Leases stood at $13.6 million in 2021, then surged by 35.81% to $18.5 million in 2022, then decreased by 0.21% to $18.5 million in 2023, then declined by 11.71% to $16.3 million in 2024, then slipped by 8.91% to $14.9 million in 2025.
- Business Quant data shows BLZE's Current Leases at $14.9 million in Q4 2025, $15.2 million in Q3 2025, and $15.2 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn | - |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - | - |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn | - |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn | 22.07 Mn |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn | - |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn | 78.24 Mn |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn | 137.84 Mn |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn | - |
| 10 | Backblaze | 762.65 Mn | 711.27 Mn | - | 14.87 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 14.87 Mn |
| Sep 30, 2025 | 15.21 Mn |
| Jun 30, 2025 | 15.25 Mn |
| Mar 31, 2025 | 16.36 Mn |
| Dec 31, 2024 | 16.33 Mn |
| Sep 30, 2024 | 16.52 Mn |
| Jun 30, 2024 | 16.95 Mn |
| Mar 31, 2024 | 17.35 Mn |
| Dec 31, 2023 | 18.49 Mn |
| Sep 30, 2023 | 19.08 Mn |
| Jun 30, 2023 | 18.18 Mn |
| Mar 31, 2023 | 17.45 Mn |
| Dec 31, 2022 | 18.53 Mn |
| Sep 30, 2022 | 18.80 Mn |
| Jun 30, 2022 | 17.64 Mn |
| Mar 31, 2022 | 15.11 Mn |
| Dec 31, 2021 | 13.65 Mn |
| Sep 30, 2021 | 11.97 Mn |
| Dec 31, 2020 | 11.32 Mn |