Backblaze (BLZE) Operating Leases (2022 - 2025)

Backblaze's (BLZE) quarterly Operating Leases came in at $20.2 million in Q4 2025, up 57.01% year-on-year from $12.8 million in Q4 2024, and down 5.09% quarter-over-quarter from $21.2 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.

  • On a quarterly basis, Operating Leases rose 57.01% year-over-year to $20.2 million in Q4 2025; TTM through Dec 2025 was $20.2 million, a 57.01% increase from a year earlier, with the FY2025 full-year figure at $20.2 million, up 57.01% from the prior year.
  • Operating Leases slipped to $20.2 million in Q4 2025 per BLZE's latest filing, from $21.2 million in the prior quarter.
  • Across five years, Operating Leases topped out at $22.2 million in Q2 2025 and bottomed at $2.9 million in Q3 2022.
  • The 4-year median for Operating Leases is $8.7 million (2023), against an average of $10.0 million.
  • Across the five-year window, Operating Leases surged 267.44% in 2023 and advanced 18.31% in 2024, its largest moves.
  • Year by year, Operating Leases 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.
  • Per Business Quant, the three latest BLZE Operating Leases figures stand at $20.2 million (Q4 2025), $21.2 million (Q3 2025), and $22.2 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn
3 Oracle 329.59 Bn 297.69 Bn -
4 Repay Holdings 314.63 Bn 314.48 Bn -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn
10 Backblaze 664.36 Mn 612.98 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 20.17 Mn
Sep 30, 2025 21.25 Mn
Jun 30, 2025 22.20 Mn
Mar 31, 2025 11.83 Mn
Dec 31, 2024 12.84 Mn
Sep 30, 2024 12.44 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 4.36 Mn
Mar 31, 2023 4.75 Mn
Dec 31, 2022 5.03 Mn
Sep 30, 2022 2.86 Mn
Jun 30, 2022 2.94 Mn
Mar 31, 2022 3.17 Mn