Backblaze (BLZE) Depreciation and Depletion (2020 - 2025)
Backblaze (BLZE) recorded Depreciation and Depletion of -$12.74 million in Q4 2025, compared with $4.9 million a year earlier.
Powered by 
Analysis
Backblaze (BLZE) Depreciation and Depletion (2020 - 2025) Analysis & Trends
For FY2025, Backblaze reported Depreciation and Depletion of -$2.8 million.
- Across earlier years, Depreciation and Depletion came in at $21.3 million in FY2024 (unchanged), $21.3 million in FY2023 (+18.3%), $18 million in FY2022 (+23.3%) and $14.6 million in FY2021 (+24.8%).
- The Q4 2025 figure is the lowest quarterly Depreciation and Depletion in data going back to Q3 2020.
- On a year-over-year basis, Depreciation and Depletion rose in two of the last seven quarters, with an average decline of 12.3%.
- Peak year-over-year performance for Depreciation and Depletion in the last five years was growth of 33.3% in Q3 2022, against a decline of 43.6% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.29 million (Q3 2025), $3.1 million (Q2 2025) and $5.25 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,808.57 Bn | 3,731.72 Bn | 60.48 Bn | 10.30 Bn |
| 2 | International Business Machines | 212.61 Bn | 163.51 Bn | 9.91 Bn | 533.00 Mn |
| 3 | Cloudflare | 113.06 Bn | 96.59 Bn | 499.52 Mn | 51.50 Mn |
| 4 | Equinix | 99.89 Bn | 88.44 Bn | 1.40 Bn | - |
| 5 | Nebius | 58.77 Bn | 32.20 Bn | 448.70 Mn | 253.80 Mn |
| 6 | CoreWeave | 48.80 Bn | 35.89 Bn | 1.70 Bn | 1.40 Bn |
| 7 | Verisign | 25.94 Bn | 23.15 Bn | 384.60 Mn | - |
| 8 | Nutanix | 19.35 Bn | 11.04 Bn | 651.35 Mn | 16.30 Mn |
| 9 | Akamai Technologies | 15.35 Bn | 8.76 Bn | 613.75 Mn | - |
| 10 | Backblaze | 818.19 Mn | 612.76 Mn | - | -1.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -1.10 Mn |
| Sep 30, 2025 | 3.29 Mn |
| Jun 30, 2025 | 3.10 Mn |
| Mar 31, 2025 | 5.25 Mn |
| Dec 31, 2024 | 4.90 Mn |
| Sep 30, 2024 | 5.40 Mn |
| Jun 30, 2024 | 5.50 Mn |
| Mar 31, 2024 | 5.50 Mn |
| Dec 31, 2023 | 5.50 Mn |
| Sep 30, 2023 | 5.50 Mn |
| Jun 30, 2023 | 5.30 Mn |
| Mar 31, 2023 | 5.00 Mn |
| Dec 31, 2022 | 4.90 Mn |
| Sep 30, 2022 | 4.80 Mn |
| Jun 30, 2022 | 4.00 Mn |
| Mar 31, 2022 | 4.40 Mn |
| Dec 31, 2021 | 3.80 Mn |
| Sep 30, 2021 | 3.60 Mn |
| Jun 30, 2021 | 3.60 Mn |
| Mar 31, 2021 | 3.60 Mn |
API Access
Backblaze Depreciation and Depletion 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=depreciation-and-depletion&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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=depreciation-and-depletion&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();