Backblaze (BLZE) Operating Leases (2022 - 2025)

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 was $20.2 million for Q4 2025 at Backblaze, down from $26.2 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $27.2 million in Q2 2025 to a low of $2.9 million in Q3 2022.
• Historically, Operating Leases has averaged $10.6 million across 4 years, with a median of $8.1 million in 2023.
• The sharpest annual moves came in 2023 and 2025: Operating Leases jumped 48.43% in 2023, then soared 258.88% in 2025.
• A 4-year view of Operating Leases shows it stood at $5.0 million in 2022, then surged by 61.98% to $8.2 million in 2023, then soared by 57.58% to $12.8 million in 2024, then surged by 57.01% to $20.2 million in 2025.
• The last three Operating Leases figures came in at $20.2 million (Q4 2025), $26.2 million (Q3 2025), and $27.2 million (Q2 2025), per Business Quant data.