Backblaze (BLZE) Tax Rate (2020 - 2025)
Backblaze (BLZE) posted quarterly Tax Rate of 0.91% for Q1 2025, down 85.0% year-over-year from 6.06% in Q1 2024, and down 1573.79% quarter-over-quarter from 0.05% in Q1 2024.
Backblaze (BLZE) Tax Rate (2020 - 2025) Analysis & Trends
Backblaze's Tax Rate history runs 5 years deep, the most recent figure standing at 0.91% for Q1 2025.
- In Q1 2025, Tax Rate fell 85.0% year-over-year to 0.91%; the TTM figure through Sep 2025 stood at 0.24% (down 23.0% YoY), while the FY2024 annual figure was 0.01%, changed N/A from the prior year.
- Tax Rate for Q1 2025 stood at 0.91%, down from 0.05% in the prior quarter.
- The five-year high for Tax Rate was 0.41% in Q4 2021, with the low at 5.96% in Q2 2021.
- The 4-year median for Tax Rate is 0.05% (2024), against an average of 0.88%.
- The sharpest annual moves came in 2022 and 2025: Tax Rate surged 628 bps in 2022, then slumped 85 bps in 2025.
- Backblaze's Tax Rate stood at 0.41% in 2021, then sank by 150 bps to 0.21% in 2022, then soared by 74 bps to 0.05% in 2024, then sank by 1574 bps to 0.91% in 2025.
- Business Quant data shows BLZE's Tax Rate at 0.91% in Q1 2025, 0.05% in Q1 2024, and 0.21% in Q4 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 24.84% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -10.34% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 1.42% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -13.46% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 15.97% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -1.22% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 18.14% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -10.99% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 71.11% |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2025 | -0.91% |
| Mar 31, 2025 | -0.91% |
| Mar 31, 2025 | -0.91% |
| Mar 31, 2024 | -0.05% |
| Mar 31, 2024 | -0.05% |
| Mar 31, 2024 | -0.05% |
| Dec 31, 2022 | -0.21% |
| Dec 31, 2022 | -0.21% |
| Dec 31, 2022 | -0.21% |
| Jun 30, 2022 | 0.32% |
| Jun 30, 2022 | 0.32% |
| Jun 30, 2022 | 0.32% |
| Mar 31, 2022 | 0.25% |
| Mar 31, 2022 | 0.25% |
| Mar 31, 2022 | 0.25% |
| Dec 31, 2021 | 0.41% |
| Dec 31, 2021 | 0.41% |
| Dec 31, 2021 | 0.41% |
| Jun 30, 2021 | -5.96% |
| Jun 30, 2021 | -5.96% |