Backblaze Inc (BLZE) - Total Assets
Based on the latest financial reports, Backblaze Inc (BLZE) holds total assets worth $191.53 Million USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See Backblaze Inc (BLZE) shareholders funds for net asset value and shareholders' equity analysis.
Backblaze Inc - Total Assets Trend (2019–2024)
This chart illustrates how Backblaze Inc's total assets have evolved over time, based on quarterly financial data.
Backblaze Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Backblaze Inc's total assets of $191.53 Million consist of 39.0% current assets and 61.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 27.2% |
| Accounts Receivable | $6.04 Million | 3.6% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $41.80 Million | 24.8% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Backblaze Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see how much is Backblaze Inc worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Backblaze Inc's current assets represent 39.0% of total assets in 2024, an increase from 23.5% in 2019.
- Cash Position: Cash and equivalents constituted 27.2% of total assets in 2024, up from 18.1% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 24.0% of total assets, an increase from 10.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 24.8% of total assets.
Backblaze Inc Competitors by Total Assets
Key competitors of Backblaze Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shanghai Precise Packaging Co Ltd
SHE:300442
|
China | CN¥42.04 Billion |
|
Lakala Payment Co Ltd
SHE:300773
|
China | CN¥10.58 Billion |
|
UCloud Technology Co Ltd
SHG:688158
|
China | CN¥3.42 Billion |
|
TIZA Information Industry Corporation Inc
SHE:300209
|
China | CN¥1.17 Billion |
|
Eastcompeace Technology Co Ltd
SHE:002017
|
China | CN¥2.97 Billion |
|
Tyro Payments Ltd
AU:TYR
|
Australia | AU$547.56 Million |
|
Datawalk SA
WAR:DAT
|
Poland | zł111.50 Million |
|
Tucows Inc.
TO:TC
|
Canada | CA$735.49 Million |
Backblaze Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.10 | 0.54 | 0.25 |
| Quick Ratio | 1.10 | 0.54 | 0.23 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $5.71 Million | $-27.30 Million | $-27.14 Million |
Backblaze Inc - Advanced Valuation Insights
This section examines the relationship between Backblaze Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.88 |
| Latest Market Cap to Assets Ratio | 1.41 |
| Asset Growth Rate (YoY) | 28.0% |
| Total Assets | $168.56 Million |
| Market Capitalization | $238.21 Million USD |
Valuation Analysis
Above Book Valuation: The market values Backblaze Inc's assets above their book value (1.41x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Backblaze Inc's assets grew by 28.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Backblaze Inc (2019–2024)
The table below shows the annual total assets of Backblaze Inc from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $168.56 Million | +28.00% |
| 2023-12-31 | $131.69 Million | -13.62% |
| 2022-12-31 | $152.46 Million | -6.80% |
| 2021-12-31 | $163.58 Million | +200.32% |
| 2020-12-31 | $54.47 Million | +41.02% |
| 2019-12-31 | $38.63 Million | -- |
About 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