Backblaze (BLZE) Invested Capital (2020 - 2025)
Backblaze (BLZE) posted quarterly Invested Capital of $34.7 million for Q3 2025, up 38.86% year-over-year from $25.0 million in Q3 2024, and up 5.32% quarter-over-quarter from $33.0 million in Q2 2025.
Backblaze (BLZE) Invested Capital (2020 - 2025) Analysis & Trends
Backblaze's Invested Capital history runs 4 years deep, the most recent figure standing at $34.7 million for Q3 2025.
- In Q3 2025, Invested Capital rose 38.86% year-over-year to $34.7 million; the TTM figure through Dec 2025 stood at $98.0 million (down 1.11% YoY), while the FY2024 annual figure was $26.8 million, changed N/A from the prior year.
- Invested Capital for Q3 2025 stood at $34.7 million, up from $33.0 million in the prior quarter.
- The five-year high for Invested Capital was $34.7 million in Q3 2025, with the low at $6.1 million in Q3 2023.
- The 3-year median for Invested Capital is $25.9 million (2024), against an average of $25.4 million.
- The sharpest annual moves came in 2024 and 2025: Invested Capital soared 311.53% in 2024, then grew 27.07% in 2025.
- Backblaze's Invested Capital stood at $6.1 million in 2023, then surged by 340.24% to $26.8 million in 2024, then climbed by 29.81% to $34.7 million in 2025.
- Business Quant data shows BLZE's Invested Capital at $34.7 million in Q3 2025, $33.0 million in Q2 2025, and $30.3 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 9.23 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 160.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | - |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 1.29 Bn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 22.12 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 221.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 572.39 Mn |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 34.73 Mn |
| Jun 30, 2025 | 32.98 Mn |
| Mar 31, 2025 | 30.32 Mn |
| Dec 31, 2024 | 26.76 Mn |
| Sep 30, 2024 | 25.01 Mn |
| Jun 30, 2024 | 23.51 Mn |
| Mar 31, 2024 | 23.86 Mn |
| Sep 30, 2023 | 6.08 Mn |
| Dec 31, 2020 | 628,000.00 |