Backblaze (BLZE) Return on Equity [ROE] (2021 - 2025)
Backblaze (BLZE) reported Return on Equity [ROE] of -42.56% for Q3 2025, up 62.89 percentage points from -105.45% a year earlier and up 12.77 percentage points from the prior quarter.
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Analysis
Backblaze (BLZE) Return on Equity [ROE] (2021 - 2025) Analysis & Trends
For FY2024, Backblaze posted Return on Equity [ROE] of -79.20%, up 25.85 percentage points from FY2023.
- Return on Equity [ROE] has a three-year change of -30.23 percentage points (FY2021 to FY2024).
- By year, Return on Equity [ROE] came in at -105.05% in FY2023 (-42.46 pp), -62.59% in FY2022 (-13.62 pp) and -48.97% in FY2021.
- The Q3 2025 figure ranks as the highest quarterly Return on Equity [ROE] since Q1 2022.
- Year over year, Return on Equity [ROE] has now increased in each of the last five quarters, with an average year-over-year change of +17.89 percentage points over the last eight quarters.
- The high point for year-over-year Return on Equity [ROE] in five years was Q3 2025 (a gain of 62.89 percentage points); the low point was Q3 2023 (a drop of 63.79 percentage points).
- Per Business Quant data, the three quarters before Q3 2025 came in at -55.33% (Q2 2025), -60.24% (Q1 2025) and -80.58% (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,809.31 Bn | 3,732.47 Bn | 60.48 Bn | 31.22% |
| 2 | International Business Machines | 207.26 Bn | 158.16 Bn | 9.91 Bn | 31.73% |
| 3 | Cloudflare | 111.87 Bn | 95.40 Bn | 499.52 Mn | -13.11% |
| 4 | Equinix | 99.81 Bn | 88.37 Bn | 1.40 Bn | 10.67% |
| 5 | Nebius | 59.68 Bn | 33.11 Bn | 448.70 Mn | 0.70% |
| 6 | CoreWeave | 48.00 Bn | 35.10 Bn | 1.70 Bn | -39.41% |
| 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 | 8.51% |
| 10 | Backblaze | 807.22 Mn | 601.80 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -42.56% |
| Jun 30, 2025 | -55.33% |
| Mar 31, 2025 | -60.24% |
| Dec 31, 2024 | -80.58% |
| Sep 30, 2024 | -105.45% |
| Jun 30, 2024 | -107.32% |
| Mar 31, 2024 | -116.14% |
| Dec 31, 2023 | -129.39% |
| Sep 30, 2023 | -122.11% |
| Jun 30, 2023 | -102.38% |
| Mar 31, 2023 | -86.58% |
| Dec 31, 2022 | -70.76% |
| Sep 30, 2022 | -58.32% |
| Jun 30, 2022 | -46.56% |
| Mar 31, 2022 | -33.37% |
| Dec 31, 2021 | -53.87% |
API Access
Backblaze Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();