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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn | 483.06 Bn |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - | 172.60 Bn |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn | 27.83 Bn |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn | 5.89 Bn |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn | 2.05 Bn |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn | 2.91 Bn |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn | 42.21 Bn |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn | 28.34 Bn |
| 10 | Backblaze | 762.65 Mn | 711.27 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 85.28 Mn |
| Dec 31, 2024 | 77.62 Mn |
| Sep 30, 2024 | 47.51 Mn |
| Jun 30, 2024 | 49.78 Mn |
| Mar 31, 2024 | 52.14 Mn |
| Dec 31, 2023 | 49.07 Mn |
| Sep 30, 2023 | 53.44 Mn |
| Jun 30, 2023 | 62.02 Mn |
| Mar 31, 2023 | 67.87 Mn |
| Dec 31, 2022 | 73.05 Mn |
| Sep 30, 2022 | 79.07 Mn |
| Dec 31, 2021 | 95.49 Mn |
| Sep 30, 2021 | -14.91 Mn |
| Dec 31, 2020 | -4.57 Mn |