Backblaze (BLZE) Shares Outstanding (2020 - 2025)
Backblaze (BLZE) recorded Shares Outstanding of 56.98 million in Q4 2025, up 30.9% from 43.54 million a year earlier and unchanged from the prior quarter.
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Analysis
Backblaze (BLZE) Shares Outstanding (2020 - 2025) Analysis & Trends
Starting with Q3 2020, Backblaze's Shares Outstanding history includes 22 quarters.
- Annual Shares Outstanding has increased for five straight years, with a five-year compound annual growth rate of 25.1% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 43.54 million in FY2024 (+20.9%), 36.01 million in FY2023 (+13.7%), 31.66 million in FY2022 (+55.6%) and 20.35 million in FY2021 (+9.3%).
- On a year-over-year basis, Shares Outstanding has increased for 18 consecutive quarters, with growth averaging 25.8% over the last eight quarters.
- The year-over-year growth in Shares Outstanding has ranged between 1.7% (Q3 2021) and 69.0% (Q3 2022) over the last five years.
- Per Business Quant, the preceding three quarters came in at 56.98 million (Q3 2025), 55.63 million (Q2 2025) and 54.06 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,809.31 Bn | 3,732.47 Bn | 60.48 Bn | 7.43 Bn |
| 2 | International Business Machines | 207.26 Bn | 158.16 Bn | 9.91 Bn | 941.20 Mn |
| 3 | Cloudflare | 111.87 Bn | 95.40 Bn | 499.52 Mn | 354.33 Mn |
| 4 | Equinix | 99.81 Bn | 88.37 Bn | 1.40 Bn | 98.64 Mn |
| 5 | Nebius | 59.68 Bn | 33.11 Bn | 448.70 Mn | 242.53 Mn |
| 6 | CoreWeave | 48.00 Bn | 35.10 Bn | 1.70 Bn | 551.00 Mn |
| 7 | Verisign | 25.49 Bn | 22.71 Bn | 384.60 Mn | 90.80 Mn |
| 8 | Nutanix | 19.05 Bn | 10.74 Bn | 651.35 Mn | 268.69 Mn |
| 9 | Akamai Technologies | 15.27 Bn | 8.68 Bn | 613.75 Mn | 144.66 Mn |
| 10 | Backblaze | 807.22 Mn | 601.80 Mn | - | 56.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 56.98 Mn |
| Sep 30, 2025 | 56.98 Mn |
| Jun 30, 2025 | 55.63 Mn |
| Mar 31, 2025 | 54.06 Mn |
| Dec 31, 2024 | 43.54 Mn |
| Sep 30, 2024 | 43.52 Mn |
| Jun 30, 2024 | 42.15 Mn |
| Mar 31, 2024 | 40.23 Mn |
| Dec 31, 2023 | 36.01 Mn |
| Sep 30, 2023 | 36.67 Mn |
| Jun 30, 2023 | 35.15 Mn |
| Mar 31, 2023 | 33.92 Mn |
| Dec 31, 2022 | 31.66 Mn |
| Sep 30, 2022 | 31.99 Mn |
| Jun 30, 2022 | 31.18 Mn |
| Mar 31, 2022 | 30.54 Mn |
| Dec 31, 2021 | 20.35 Mn |
| Sep 30, 2021 | 18.94 Mn |
| Jun 30, 2021 | 18.71 Mn |
| Mar 31, 2021 | 18.68 Mn |
API Access
Backblaze Shares Outstanding 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=shares-outstanding&ticker=BLZE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=BLZE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();