Backblaze (BLZE) Operating Leases (2022 - 2025)
Backblaze (BLZE) posted quarterly Operating Leases of $20.2 million for Q4 2025, up 57.01% year-over-year from $12.8 million in Q4 2024, and down 23.09% quarter-over-quarter from $26.2 million in Q3 2025.
Backblaze (BLZE) Operating Leases (2022 - 2025) Analysis & Trends
Backblaze's Operating Leases history runs 4 years deep, the most recent figure standing at $20.2 million for Q4 2025.
- In Q4 2025, Operating Leases rose 57.01% year-over-year to $20.2 million; the TTM figure through Dec 2025 stood at $20.2 million (up 57.01% YoY), while the FY2025 annual figure was $20.2 million, up 57.01% from the prior year.
- Operating Leases for Q4 2025 stood at $20.2 million, down from $26.2 million in the prior quarter.
- The five-year high for Operating Leases was $27.2 million in Q2 2025, with the low at $4.8 million in Q1 2023.
- The 4-year median for Operating Leases is $8.7 million (2023), against an average of $11.3 million.
- The sharpest annual moves came in 2023 and 2025: Operating Leases slipped 7.11% in 2023, then surged 194.08% in 2025.
- Backblaze's Operating Leases stood at $5.0 million in 2022, then jumped by 61.98% to $8.2 million in 2023, then surged by 57.58% to $12.8 million in 2024, then jumped by 57.01% to $20.2 million in 2025.
- Business Quant data shows BLZE's Operating Leases at $20.2 million in Q4 2025, $26.2 million in Q3 2025, and $27.2 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 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 |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 20.17 Mn |
| Sep 30, 2025 | 26.22 Mn |
| Jun 30, 2025 | 27.17 Mn |
| Mar 31, 2025 | 11.83 Mn |
| Dec 31, 2024 | 12.84 Mn |
| Sep 30, 2024 | 16.30 Mn |
| Jun 30, 2024 | 9.24 Mn |
| Mar 31, 2024 | 7.95 Mn |
| Dec 31, 2023 | 8.15 Mn |
| Sep 30, 2023 | 10.52 Mn |
| Jun 30, 2023 | 5.73 Mn |
| Mar 31, 2023 | 4.75 Mn |
| Dec 31, 2022 | 5.03 Mn |
| Sep 30, 2022 | 4.92 Mn |
| Jun 30, 2022 | 5.55 Mn |
| Mar 31, 2022 | 5.12 Mn |