Backblaze (BLZE) Price to Book (2021 - 2025)
Backblaze's (BLZE) Price to Book was 3.23 for Q4 2025, down 4.3% from 3.38 a year earlier and down 50.0% from the prior quarter.
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Analysis
Backblaze (BLZE) Price to Book (2021 - 2025) Analysis & Trends
For FY2025, Price to Book at Backblaze was 2.44, down 27.8% from FY2024.
- By year, Price to Book came in at 3.38 in FY2024 (-51.5%), 6.96 in FY2023 (+132.9%), 2.99 in FY2022 (-44.4%) and 5.37 in FY2021.
- The Q4 2025 figure ranks as the lowest quarterly Price to Book since Q2 2023.
- Year over year, Price to Book has now declined in each of the last five quarters, with growth averaging 22.7% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q1 2024 (growth of 210.9%); the low point was Q1 2025 (a decline of 61.9%).
- Per Business Quant data, the three quarters before Q4 2025 came in at 6.46 (Q3 2025), 3.90 (Q2 2025) and 3.41 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,809.31 Bn | 3,732.47 Bn | 60.48 Bn |
| 2 | International Business Machines | 207.26 Bn | 158.16 Bn | 9.91 Bn |
| 3 | Cloudflare | 111.87 Bn | 95.40 Bn | 499.52 Mn |
| 4 | Equinix | 99.81 Bn | 88.37 Bn | 1.40 Bn |
| 5 | Nebius | 59.68 Bn | 33.11 Bn | 448.70 Mn |
| 6 | CoreWeave | 48.00 Bn | 35.10 Bn | 1.70 Bn |
| 7 | Verisign | 25.49 Bn | 22.71 Bn | 384.60 Mn |
| 8 | Nutanix | 19.05 Bn | 10.74 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 15.27 Bn | 8.68 Bn | 613.75 Mn |
| 10 | Backblaze | 807.22 Mn | 601.80 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 3.23 |
| Sep 30, 2025 | 6.46 |
| Jun 30, 2025 | 3.90 |
| Mar 31, 2025 | 3.41 |
| Dec 31, 2024 | 3.38 |
| Sep 30, 2024 | 6.62 |
| Jun 30, 2024 | 5.86 |
| Mar 31, 2024 | 8.95 |
| Dec 31, 2023 | 6.96 |
| Sep 30, 2023 | 5.48 |
| Jun 30, 2023 | 2.88 |
| Mar 31, 2023 | 2.88 |
| Dec 31, 2022 | 2.99 |
| Sep 30, 2022 | 2.11 |
| Jun 30, 2022 | 1.99 |
| Mar 31, 2022 | 3.75 |
| Dec 31, 2021 | 5.37 |
API Access
Backblaze Price to Book 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=price-to-book&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();