Backblaze (BLZE) Equity Ratio (2020 - 2025)

Backblaze's Equity Ratio history runs 6 years deep, the most recent figure standing at 0.43 for Q4 2025.

• In Q4 2025, Equity Ratio fell 5.79% year-over-year to 0.43; the TTM figure through Dec 2025 stood at 0.43 (down 5.79% YoY), while the FY2025 annual figure was 0.43, down 5.79% from the prior year.
• Equity Ratio was 0.43 for Q4 2025 at Backblaze, roughly flat from 0.43 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.58 in Q4 2021 to a low of 0.25 in Q3 2021.
• Historically, Equity Ratio has averaged 0.39 across 5 years, with a median of 0.43 in 2025.
• The sharpest annual moves came in 2021 and 2023: Equity Ratio jumped 564.84% in 2021, then decreased 27.93% in 2023.
• A 5-year view of Equity Ratio shows it stood at 0.58 in 2021, then declined by 22.75% to 0.45 in 2022, then decreased by 24.32% to 0.34 in 2023, then jumped by 34.95% to 0.46 in 2024, then dropped by 5.79% to 0.43 in 2025.
• The last three Equity Ratio figures came in at 0.43 (Q4 2025), 0.43 (Q3 2025), and 0.43 (Q2 2025), per Business Quant data.