Backblaze (BLZE) Debt to Equity (2020 - 2025)

Backblaze's Debt to Equity history runs 5 years deep, the most recent figure standing at $0.03 for Q3 2025.

• In Q3 2025, Debt to Equity fell 72.9% year-over-year to $0.03; the TTM figure through Sep 2025 stood at $0.03 (down 72.9% YoY), while the FY2023 annual figure was $0.09, up 46.66% from the prior year.
• Debt to Equity was $0.03 for Q3 2025 at Backblaze, down from $0.11 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $0.14 in Q2 2023 to a low of $0.03 in Q3 2025.
• Historically, Debt to Equity has averaged $0.09 across 4 years, with a median of $0.1 in 2024.
• The sharpest annual moves came in 2023 and 2025: Debt to Equity jumped 286.2% in 2023, then tumbled 72.9% in 2025.
• A 4-year view of Debt to Equity shows it stood at $0.06 in 2022, then jumped by 46.66% to $0.09 in 2023, then gained by 19.0% to $0.11 in 2024, then sank by 72.9% to $0.03 in 2025.
• The last three Debt to Equity figures came in at $0.03 (Q3 2025), $0.11 (Q3 2024), and $0.1 (Q2 2024), per Business Quant data.