Backblaze (BLZE) Debt Ratio (2020 - 2025)

Backblaze's Debt Ratio history runs 5 years deep, the most recent figure standing at 0.01 for Q3 2025.

• In Q3 2025, Debt Ratio fell 62.72% year-over-year to 0.01; the TTM figure through Sep 2025 stood at 0.01 (down 62.72% YoY), while the FY2023 annual figure was 0.03, up 10.99% from the prior year.
• Debt Ratio was 0.01 for Q3 2025 at Backblaze, down from 0.03 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.06 in Q2 2023 to a low of 0.01 in Q3 2025.
• Historically, Debt Ratio has averaged 0.03 across 4 years, with a median of 0.03 in 2024.
• The sharpest annual moves came in 2023 and 2025: Debt Ratio surged 178.32% in 2023, then plunged 62.72% in 2025.
• A 4-year view of Debt Ratio shows it stood at 0.03 in 2022, then increased by 10.99% to 0.03 in 2023, then rose by 9.63% to 0.03 in 2024, then slumped by 62.72% to 0.01 in 2025.
• The last three Debt Ratio figures came in at 0.01 (Q3 2025), 0.03 (Q3 2024), and 0.04 (Q2 2024), per Business Quant data.