Backblaze (BLZE) Current Leases (2020 - 2025)
Backblaze (BLZE) reported Current Leases of $14.87 million for Q4 2025, down 8.9% from $16.33 million a year earlier and down 2.2% from the prior quarter.
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Analysis
Backblaze (BLZE) Current Leases (2020 - 2025) Analysis & Trends
Dating back to Q4 2020, Backblaze's Current Leases record includes 19 quarters.
- Current Leases has declined for three consecutive years, though with a five-year compound annual growth rate of 5.6% (FY2020 to FY2025).
- By year, Current Leases came in at $16.33 million in FY2024 (-11.7%), $18.49 million in FY2023 (-0.2%), $18.53 million in FY2022 (+35.8%) and $13.65 million in FY2021 (+20.5%).
- The Q4 2025 figure ranks as the lowest quarterly Current Leases since Q4 2021.
- Year over year, Current Leases has now declined in each of the last nine quarters, with an average decline of 8.1% over the last eight quarters.
- The high point for year-over-year Current Leases in five years was Q3 2022 (growth of 57.1%); the low point was Q3 2024 (a decline of 13.4%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $15.21 million (Q3 2025), $15.25 million (Q2 2025) and $16.36 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | - |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | - |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | - |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 176.00 Mn |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | - |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | 7.00 Mn |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | - |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | - |
| 10 | Backblaze | 781.26 Mn | 575.83 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 |
API Access
Backblaze Current Leases 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=current-leases&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-leases", "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=current-leases&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();