Backblaze (BLZE) Interest Coverage Ratio (2020 - 2025)
Backblaze (BLZE) recorded quarterly Interest Coverage Ratio of 3.56 in Q3 2025, up 53.42% quarter-over-quarter from 7.63 in Q2 2025, and up 74.7% on a YoY basis from 2.04 in Q3 2024.
Backblaze (BLZE) Interest Coverage Ratio (2020 - 2025) Analysis & Trends
Backblaze's Interest Coverage Ratio history runs 6 years deep, the most recent figure standing at 3.56 for Q3 2025.
- In Q3 2025, Interest Coverage Ratio rose 74.7% year-over-year to 3.56; the TTM figure through Sep 2025 stood at 8.96 (up 25.26% YoY), while the FY2024 annual figure was 12.65, up 17.13% from the prior year.
- Interest Coverage Ratio was 3.56 for Q3 2025 at Backblaze, up from 7.63 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 3.23 in Q1 2021 to a low of 18.2 in Q1 2023.
- Historically, Interest Coverage Ratio has averaged 10.5 across 5 years, with a median of 11.41 in 2024.
- The sharpest annual moves came in 2022 and 2025: Interest Coverage Ratio tumbled 281.24% in 2022, then jumped 74.7% in 2025.
- A 5-year view of Interest Coverage Ratio shows it stood at 7.65 in 2021, then declined by 19.86% to 9.16 in 2022, then declined by 28.0% to 11.73 in 2023, then slipped by 21.28% to 14.23 in 2024, then surged by 75.01% to 3.56 in 2025.
- The last three Interest Coverage Ratio figures came in at 3.56 (Q3 2025), 7.63 (Q2 2025), and 10.28 (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 49.35 |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | - |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 4.63 |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | - |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 1.83 |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 138.10 |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 1.25 |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | -24.19 |
| 10 | Backblaze | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -3.56 |
| Jun 30, 2025 | -7.63 |
| Mar 31, 2025 | -10.28 |
| Dec 31, 2024 | -14.23 |
| Sep 30, 2024 | -14.05 |
| Jun 30, 2024 | -10.89 |
| Mar 31, 2024 | -11.41 |
| Dec 31, 2023 | -11.73 |
| Sep 30, 2023 | -16.63 |
| Jun 30, 2023 | -14.77 |
| Mar 31, 2023 | -18.20 |
| Dec 31, 2022 | -9.16 |
| Sep 30, 2022 | -12.69 |
| Jun 30, 2022 | -11.85 |
| Mar 31, 2022 | -12.33 |
| Dec 31, 2021 | -7.65 |
| Sep 30, 2021 | -4.82 |
| Jun 30, 2021 | -4.41 |
| Mar 31, 2021 | -3.23 |
| Dec 31, 2020 | -2.64 |