Backblaze Inc
Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect data in the United States and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides Backblaze B2 Cloud Storage, which enables customers to store data, developers to build applications, and part… Read more
Backblaze Inc (BLZE) - Net Assets
Latest net assets as of September 2025: $82.83 Million USD
Based on the latest financial reports, Backblaze Inc (BLZE) has net assets worth $82.83 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($191.53 Million) and total liabilities ($108.70 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $82.83 Million |
| % of Total Assets | 43.25% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 49.12 |
Backblaze Inc - Net Assets Trend (2019–2024)
This chart illustrates how Backblaze Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Backblaze Inc (2019–2024)
The table below shows the annual net assets of Backblaze Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $77.62 Million | +72.73% |
| 2023-12-31 | $44.94 Million | -34.63% |
| 2022-12-31 | $68.75 Million | -28.00% |
| 2021-12-31 | $95.49 Million | +1495.99% |
| 2020-12-31 | $-6.84 Million | -163.69% |
| 2019-12-31 | $-2.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Backblaze Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 18770200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.00K | 0.01% |
| Other Components | $273.60 Million | 352.48% |
| Total Equity | $77.62 Million | 100.00% |
Backblaze Inc Competitors by Market Cap
The table below lists competitors of Backblaze Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tongqinglou Dining Co Ltd
SHG:605108
|
$193.25 Million |
|
Huasi Agricultural Development Co Ltd
SHE:002494
|
$193.25 Million |
|
Koatsu Gas Kogyo Co. Ltd
PINK:KTSUF
|
$193.28 Million |
|
Bus Online Co Ltd
SHE:002188
|
$193.28 Million |
|
Rackspace Technology Inc
NASDAQ:RXT
|
$193.15 Million |
|
Datawalk SA
WAR:DAT
|
$193.14 Million |
|
Yunnan Jianzhijia Health-Chain Co Ltd
SHG:605266
|
$193.12 Million |
|
Pure Cycle Corporation
NASDAQ:PCYO
|
$193.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Backblaze Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 44,938,000 to 77,622,000, a change of 32,684,000 (72.7%).
- Net loss of 48,531,000 reduced equity.
- New share issuances of 37,434,000 increased equity.
- Other factors increased equity by 43,781,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-48.53 Million | -62.52% |
| Share Issuances | $37.43 Million | +48.23% |
| Other Changes | $43.78 Million | +56.4% |
| Total Change | $- | 72.73% |
Book Value vs Market Value Analysis
This analysis compares Backblaze Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.14 | $3.69 | x |
| 2020-12-31 | $-0.23 | $3.69 | x |
| 2021-12-31 | $3.14 | $3.69 | x |
| 2022-12-31 | $2.17 | $3.69 | x |
| 2023-12-31 | $1.25 | $3.69 | x |
| 2024-12-31 | $1.78 | $3.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Backblaze Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -62.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -38.03%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 2.17x
- Recent ROE (-62.52%) is below the historical average (-48.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -2.44% | 1.05x | 0.00x | $-736.60K |
| 2020 | 0.00% | -12.31% | 0.99x | 0.00x | $-5.94 Million |
| 2021 | -22.73% | -32.16% | 0.41x | 1.71x | $-31.25 Million |
| 2022 | -74.76% | -60.36% | 0.56x | 2.22x | $-58.27 Million |
| 2023 | -132.88% | -58.53% | 0.77x | 2.93x | $-64.21 Million |
| 2024 | -62.52% | -38.03% | 0.76x | 2.17x | $-56.29 Million |
Industry Comparison
This section compares Backblaze Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $237,144,588
- Average return on equity (ROE) among peers: -85.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Backblaze Inc (BLZE) | $82.83 Million | 0.00% | 1.31x | $193.20 Million |
| Automatic Bank Services Limited (ABANF) | $231.37 Million | 16.52% | 0.19x | $269.02 Million |
| ACI Worldwide Inc (ACIW) | $76.50 Million | 16.47% | 0.61x | $4.01 Billion |
| Adyen N.V (ADYYF) | $389.78 Million | 18.29% | 1.92x | $34.24 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $418.95 Million |
| Aeva Technologies, Inc. Warrants (AEVAW) | $456.38 Million | -22.32% | 0.05x | $3.74 Million |
| Affluence Corporation (AFFU) | $-639.00K | 0.00% | 0.00x | $3.98K |
| Axe Compute Inc. (AGPU) | $923.68K | -706.52% | 2.04x | $2.86 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.15 Billion |
| iLearningEngines, Inc. (AILE) | $264.32 Million | 1.83% | 0.09x | $17.39 Million |
| PowerFleet, Inc. (AIOT) | $15.17 Million | 5.61% | 0.31x | $383.57 Million |