Backblaze Inc (BLZE) - Net Assets
Based on the latest financial reports, Backblaze Inc (BLZE) has net assets worth $88.54 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($223.84 Million) and total liabilities ($135.30 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. Check BLZE strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $88.54 Million |
| % of Total Assets | 39.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | -12.84% |
| 10-Year Change | N/A |
| Growth Volatility | 42.58 |
Backblaze Inc - Net Assets Trend (2019–2025)
This chart illustrates how Backblaze Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Backblaze Inc market cap and net worth.
Annual Net Assets for Backblaze Inc (2019–2025)
The table below shows the annual net assets of Backblaze Inc from 2019 to 2025. Also explore Backblaze Inc net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $83.22 Million | +7.21% |
| 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 21331400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.00K | 0.01% |
| Other Components | $304.81 Million | 366.27% |
| Total Equity | $83.22 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 |
|---|---|
|
GR Engineering Services Ltd
AU:GNG
|
$819.09 Million |
|
Jiajiayue Group Co Ltd
SHG:603708
|
$819.20 Million |
|
Jiangsu Huachang Chemical Co Ltd
SHE:002274
|
$819.44 Million |
|
Oxford Lane Capital Corp
NASDAQ:OXLC
|
$819.60 Million |
|
Shanghai Runda Med Tech Co
SHG:603108
|
$818.88 Million |
|
EUREKA FORBES LTD
NSE:EUREKAFORB
|
$818.39 Million |
|
Beijing Shenzhou Aerospace Software Technology Co. Ltd. A
SHG:688562
|
$817.70 Million |
|
TPK Holding Co Ltd
TW:3673
|
$817.41 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 2024 to 2025, total equity changed from 77,622,000 to 83,221,000, a change of 5,599,000 (7.2%).
- Net loss of 25,612,000 reduced equity.
- Share repurchases of 1,983,000 reduced equity.
- Other factors increased equity by 33,194,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-25.61 Million | -30.78% |
| Share Repurchases | $1.98 Million | -2.38% |
| Other Changes | $33.19 Million | +39.89% |
| Total Change | $- | 7.21% |
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: 9.31x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.14 | $13.79 | x |
| 2020-12-31 | $-0.23 | $13.79 | x |
| 2021-12-31 | $3.14 | $13.79 | x |
| 2022-12-31 | $2.17 | $13.79 | x |
| 2023-12-31 | $1.25 | $13.79 | x |
| 2024-12-31 | $1.78 | $13.79 | x |
| 2025-12-31 | $1.48 | $13.79 | 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): -30.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.56%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 2.31x
- Recent ROE (-30.78%) is above the historical average (-46.24%), indicating improving 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 |
| 2025 | -30.78% | -17.56% | 0.76x | 2.31x | $-33.93 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: $136,815,339
- Average return on equity (ROE) among peers: -10256.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Backblaze Inc (BLZE) | $88.54 Million | 0.00% | 1.53x | $818.94 Million |
| ACI Worldwide Inc (ACIW) | $122.87 Million | 11.66% | 1.15x | $5.17 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $855.27 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $25.09K | -76047.36% | 3.26x | $906.22 Million |
| Allied Gaming & Entertainment Inc. (AGAE) | $44.22 Million | -37.85% | 0.61x | $22.76 Million |
| Axe Compute Inc. (AGPU) | $-309.44K | 0.00% | 0.00x | $31.41 Million |
| C3 Ai Inc (AI) | $989.48 Million | -19.41% | 0.18x | $1.59 Billion |
| Bitzero Holdings Inc. (AIBZ) | $42.65K | -26761.63% | 1.01x | $228.21 Million |
| All In FutureTech Alliance Inc. (AIFA) | $87.90 Million | -12.31% | 0.11x | $12.82 Million |
| AI Financial Corporation (AIFC) | $2.31 Million | 476.46% | 19.27x | $72.76 Million |
| iLearningEngines, Inc. (AILE) | $22.26 Million | -19.80% | 1.11x | $59.29 Million |
About Backblaze Inc
Backblaze, Inc., a cloud storage platform, provides businesses and consumers cloud services to store, use, and protect data in the United States, the United Kingdom, Canada, and internationally. The company offers cloud services through a web-scale software infrastructure built on commodity hardware. It also provides B2 Cloud Storage, which enables customers to store data, developers to build app… Read more