Backblaze annual debt-to-equity ratio
2021
2022
2023
2024
2025
Backblaze Debt-to-Equity Ratio Growth & History (BLZE)
Backblaze's debt-to-equity ratio was 0.73 for fiscal 2025.
View full Backblaze company overviewBackblaze annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.73 | 0.17 | +30.67% |
| 2024 | 2024-12-31 | 0.56 | −0.24 | −29.62% |
| 2023 | 2023-12-31 | 0.80 | 0.24 | +43.04% |
| 2022 | 2022-12-31 | 0.56 | 0.56 | — |
| 2021 | 2021-12-31 | 0.00 | — | — |
Backblaze quarterly debt-to-equity ratio
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.93 | 0.17 | +23.01% |
| Q1 2026 | 2026-03-31 | 0.73 | 0.15 | +24.69% |
| Q4 2025 | 2025-12-31 | 0.73 | 0.17 | +30.67% |
| Q3 2025 | 2025-09-30 | 0.74 | −0.23 | −23.70% |
| Q2 2025 | 2025-06-30 | 0.76 | 0.03 | +4.02% |
| Q1 2025 | 2025-03-31 | 0.59 | −0.12 | −17.06% |
| Q4 2024 | 2024-12-31 | 0.56 | −0.24 | −29.62% |
| Q3 2024 | 2024-09-30 | 0.96 | 0.01 | +0.96% |
| Q2 2024 | 2024-06-30 | 0.73 | 0.62 | +586.59% |
| Q1 2024 | 2024-03-31 | 0.71 | 0.60 | +558.54% |
| Q4 2023 | 2023-12-31 | 0.80 | 0.24 | +43.04% |
| Q3 2023 | 2023-09-30 | 0.96 | 0.45 | +89.22% |
| Q2 2023 | 2023-06-30 | 0.11 | −0.37 | −77.75% |
| Q1 2023 | 2023-03-31 | 0.11 | −0.30 | −73.65% |
| Q4 2022 | 2022-12-31 | 0.56 | 0.56 | — |
| Q3 2022 | 2022-09-30 | 0.50 | — | — |
| Q2 2022 | 2022-06-30 | 0.48 | — | — |
| Q1 2022 | 2022-03-31 | 0.41 | — | — |
| Q4 2021 | 2021-12-31 | 0.00 | — | — |
Backblaze debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Backblaze's debt-to-equity ratio increased from 0.00 to 0.73, a change of 0.73. The latest reported quarter, Q2 2026, shows 0.93.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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