Backblaze (BLZE) Share-based Compensation (2020 - 2025)
Backblaze (BLZE) recorded Share-based Compensation of $5.45 million in Q3 2025, down 35.5% from $8.44 million a year earlier and down 25.5% from the prior quarter.
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Analysis
Backblaze (BLZE) Share-based Compensation (2020 - 2025) Analysis & Trends
On a TTM basis, Backblaze's Share-based Compensation came in at $29.24 million as of Sep 30, 2025, up 12.5% year-over-year; for FY2024, it came in at $28.63 million, up 13.7% from FY2023.
- Annual Share-based Compensation has increased for four straight years, with a four-year compound annual growth rate of 97.6% (FY2020 to FY2024).
- Across earlier years, Share-based Compensation came in at $25.18 million in FY2023 (+47.7%), $17.05 million in FY2022 (+202.9%), $5.63 million in FY2021 (+199.6%) and $1.88 million in FY2020.
- The Q3 2025 figure is the lowest quarterly Share-based Compensation since Q2 2023.
- On a year-over-year basis, Share-based Compensation rose in six of the last eight quarters, with growth averaging 18.2%.
- Peak year-over-year performance for Share-based Compensation in the last five years was growth of 322.4% in Q1 2022, against a decline of 35.5% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $7.3 million (Q2 2025), $7.36 million (Q1 2025) and $9.13 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 3.12 Bn |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 498.00 Mn |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | 159.87 Mn |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 145.00 Mn |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | 102.50 Mn |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | 165.00 Mn |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 19.40 Mn |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 94.53 Mn |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 146.29 Mn |
| 10 | Backblaze | 781.26 Mn | 575.83 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 5.45 Mn |
| Jun 30, 2025 | 7.30 Mn |
| Mar 31, 2025 | 7.36 Mn |
| Dec 31, 2024 | 9.13 Mn |
| Sep 30, 2024 | 8.44 Mn |
| Jun 30, 2024 | 5.53 Mn |
| Mar 31, 2024 | 5.53 Mn |
| Dec 31, 2023 | 6.51 Mn |
| Sep 30, 2023 | 7.96 Mn |
| Jun 30, 2023 | 4.88 Mn |
| Mar 31, 2023 | 5.83 Mn |
| Dec 31, 2022 | 4.04 Mn |
| Sep 30, 2022 | 4.83 Mn |
| Jun 30, 2022 | 4.35 Mn |
| Mar 31, 2022 | 3.84 Mn |
| Dec 31, 2021 | 2.02 Mn |
| Sep 30, 2021 | 1.45 Mn |
| Jun 30, 2021 | 1.26 Mn |
| Mar 31, 2021 | 908,000.00 |
| Dec 31, 2020 | 665,000.00 |
API Access
Backblaze Share-based Compensation 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=share-based-compensation&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();