Backblaze annual net debt
2020
2021
2022
2023
2024
2025
Backblaze Net Debt Growth & History (BLZE)
Backblaze's net debt was $31.9M for fiscal 2025.
View full Backblaze company overviewBackblaze annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $31.9M | $34.1M | — |
| 2024 | 2024-12-31 | −$2.1M | −$25.5M | — |
| 2023 | 2023-12-31 | $23.4M | −$8.3M | −26.21% |
| 2022 | 2022-12-31 | $31.7M | $136.5M | — |
| 2021 | 2021-12-31 | −$104.8M | −$99.4M | — |
| 2020 | 2020-12-31 | −$5.4M | — | — |
Backblaze quarterly net debt
Q4.20
Q3.21
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $49.8M | $21.9M | +78.19% |
| Q1 2026 | 2026-03-31 | $35.8M | $30.7M | +601.39% |
| Q4 2025 | 2025-12-31 | $31.9M | $34.1M | — |
| Q3 2025 | 2025-09-30 | $31.9M | −$6.5M | −16.89% |
| Q2 2025 | 2025-06-30 | $28.0M | $4.5M | +19.13% |
| Q1 2025 | 2025-03-31 | $5.1M | −$22.2M | −81.33% |
| Q4 2024 | 2024-12-31 | −$2.1M | −$25.5M | — |
| Q3 2024 | 2024-09-30 | $38.4M | $2.1M | +5.89% |
| Q2 2024 | 2024-06-30 | $23.5M | $23.6M | — |
| Q1 2024 | 2024-03-31 | $27.3M | $24.8M | +1005.47% |
| Q4 2023 | 2023-12-31 | $23.4M | −$8.3M | −26.21% |
| Q3 2023 | 2023-09-30 | $36.2M | $25.1M | +226.15% |
| Q2 2023 | 2023-06-30 | −$156,000 | −$32.2M | — |
| Q1 2023 | 2023-03-31 | $2.5M | −$14.0M | −85.00% |
| Q4 2022 | 2022-12-31 | $31.7M | $136.5M | — |
| Q3 2022 | 2022-09-30 | $11.1M | $5.4M | +95.72% |
| Q2 2022 | 2022-06-30 | $32.0M | — | — |
| Q1 2022 | 2022-03-31 | $16.5M | — | — |
| Q4 2021 | 2021-12-31 | −$104.8M | −$99.4M | — |
| Q3 2021 | 2021-09-30 | $5.7M | — | — |
| Q4 2020 | 2020-12-31 | −$5.4M | — | — |
Backblaze net debt trends
Over the last five fiscal years, Backblaze's net debt increased from −$5.4M to $31.9M, a change of $37.4M. The latest reported quarter, Q2 2026, shows $49.8M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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