Backblaze (BLZE) Market Capitalization (2021 - 2025)
Backblaze's Market Capitalization came in at $268.88 million for Q4 2025, up 2.6% from $262.13 million a year earlier but down 49.8% from the prior quarter.
Powered by 
Analysis
Backblaze (BLZE) Market Capitalization (2021 - 2025) Analysis & Trends
For FY2025, Backblaze's Market Capitalization was $202.91 million, down 22.6% from FY2024.
- Market Capitalization carries a four-year compound annual growth rate of -20.7% (FY2021 to FY2025).
- Going back by year, Market Capitalization was $262.13 million in FY2024 (-16.2%), $312.71 million in FY2023 (+52.3%), $205.37 million in FY2022 (-60.0%) and $513.2 million in FY2021.
- The five-year range for quarterly Market Capitalization is $156.31 million (Q2 2023) to $535.46 million (Q3 2025).
- Year-over-year, Market Capitalization has increased for three consecutive quarters, with growth averaging 34.6% over the last eight quarters.
- The fastest year-over-year change in Market Capitalization over five years came in Q1 2024 (growth of 143.6%), and the weakest in Q4 2022 (a decline of 60.0%).
- Business Quant data shows BLZE's Market Capitalization at $535.46 million (Q3 2025), $310.75 million (Q2 2025) and $265.17 million (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,780.05 Bn | 3,703.20 Bn | 60.48 Bn |
| 2 | International Business Machines | 207.28 Bn | 158.18 Bn | 9.91 Bn |
| 3 | Cloudflare | 113.42 Bn | 96.95 Bn | 499.52 Mn |
| 4 | Equinix | 100.18 Bn | 88.73 Bn | 1.40 Bn |
| 5 | Nebius | 60.05 Bn | 33.49 Bn | 448.70 Mn |
| 6 | CoreWeave | 47.35 Bn | 34.44 Bn | 1.70 Bn |
| 7 | Verisign | 25.30 Bn | 22.51 Bn | 384.60 Mn |
| 8 | Nutanix | 18.96 Bn | 10.65 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 15.57 Bn | 8.98 Bn | 613.75 Mn |
| 10 | Backblaze | 772.03 Mn | 566.60 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 268.88 Mn |
| Sep 30, 2025 | 535.46 Mn |
| Jun 30, 2025 | 310.75 Mn |
| Mar 31, 2025 | 265.17 Mn |
| Dec 31, 2024 | 262.13 Mn |
| Sep 30, 2024 | 283.72 Mn |
| Jun 30, 2024 | 264.26 Mn |
| Mar 31, 2024 | 424.54 Mn |
| Dec 31, 2023 | 312.71 Mn |
| Sep 30, 2023 | 259.52 Mn |
| Jun 30, 2023 | 156.31 Mn |
| Mar 31, 2023 | 174.31 Mn |
| Dec 31, 2022 | 205.37 Mn |
| Sep 30, 2022 | 161.21 Mn |
| Jun 30, 2022 | 165.43 Mn |
| Mar 31, 2022 | 328.79 Mn |
| Dec 31, 2021 | 513.20 Mn |
API Access
Backblaze Market Capitalization API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=market-capitalization&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "ticker": "BLZE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=market-capitalization&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();