Backblaze (BLZE) Invested Capital (2020 - 2025)

Backblaze's Invested Capital history runs 6 years deep, the most recent figure standing at $83.2 million for Q4 2025.

• In Q4 2025, Invested Capital fell 20.27% year-over-year to $83.2 million; the TTM figure through Dec 2025 stood at $83.2 million (down 20.27% YoY), while the FY2025 annual figure was $83.2 million, down 20.27% from the prior year.
• Invested Capital was $83.2 million for Q4 2025 at Backblaze, down from $117.6 million in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $117.6 million in Q3 2025 to a low of -$12.9 million in Q3 2021.
• Historically, Invested Capital has averaged $66.6 million across 5 years, with a median of $71.0 million in 2022.
• Biggest YoY gain for Invested Capital was 1669.32% in 2021; the steepest drop was 211.81% in 2021.
• A 5-year view of Invested Capital shows it stood at $97.5 million in 2021, then slipped by 27.43% to $70.7 million in 2022, then tumbled by 35.21% to $45.8 million in 2023, then soared by 127.71% to $104.4 million in 2024, then fell by 20.27% to $83.2 million in 2025.
• The last three Invested Capital figures came in at $83.2 million (Q4 2025), $117.6 million (Q3 2025), and $112.6 million (Q2 2025), per Business Quant data.