Backblaze (BLZE) Enterprise Value (2021 - 2025)
Backblaze (BLZE) reported Enterprise Value of $217.5 million for Q4 2025, up 5.0% from $207.21 million a year earlier but down 55.2% from the prior quarter.
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Analysis
Backblaze (BLZE) Enterprise Value (2021 - 2025) Analysis & Trends
For FY2025, Backblaze posted Enterprise Value of $151.53 million, down 26.9% from FY2024.
- Enterprise Value has a four-year compound annual growth rate of -22.0% (FY2021 to FY2025).
- By year, Enterprise Value came in at $207.21 million in FY2024 (-26.9%), $283.41 million in FY2023 (+102.5%), $139.95 million in FY2022 (-65.7%) and $408.36 million in FY2021.
- Five-year quarterly Enterprise Value spans a low of $84.59 million in Q2 2022 and a high of $485.18 million in Q3 2025.
- Year over year, Enterprise Value has now increased in each of the last three quarters, with growth averaging 44.7% over the last eight quarters.
- The high point for year-over-year Enterprise Value in five years was Q1 2024 (growth of 217.7%); the low point was Q4 2022 (a decline of 65.7%).
- Per Business Quant data, the three quarters before Q4 2025 came in at $485.18 million (Q3 2025), $260.21 million (Q2 2025) and $211.93 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn |
| 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 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 217.50 Mn |
| Sep 30, 2025 | 485.18 Mn |
| Jun 30, 2025 | 260.21 Mn |
| Mar 31, 2025 | 211.93 Mn |
| Dec 31, 2024 | 207.21 Mn |
| Sep 30, 2024 | 262.83 Mn |
| Jun 30, 2024 | 240.62 Mn |
| Mar 31, 2024 | 396.38 Mn |
| Dec 31, 2023 | 283.41 Mn |
| Sep 30, 2023 | 229.78 Mn |
| Jun 30, 2023 | 119.49 Mn |
| Mar 31, 2023 | 124.76 Mn |
| Dec 31, 2022 | 139.95 Mn |
| Sep 30, 2022 | 108.58 Mn |
| Jun 30, 2022 | 84.59 Mn |
| Mar 31, 2022 | 229.66 Mn |
| Dec 31, 2021 | 408.36 Mn |
API Access
Backblaze Enterprise Value 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=enterprise-value&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();