BLZE (Backblaze) Total Assets : $136.2 Mil (As of Sep. 2024)

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What is Backblaze Total Assets?

Backblaze's Total Assets for the quarter that ended in Sep. 2024 was $136.2 Mil.

During the past 12 months, Backblaze's average Total Assets Growth Rate was 9.90% per year. During the past 3 years, the average Total Assets Growth Rate was 28.40% per year.

During the past 5 years, Backblaze's highest 3-Year average Total Assets Growth Rate was 40.10%. The lowest was 28.40%. And the median was 34.25%.

Total Assets is connected with ROA %. Backblaze's annualized ROA % for the quarter that ended in Sep. 2024 was -38.64%. Total Assets is also linked to Revenue through Asset Turnover. Backblaze's Asset Turnover for the quarter that ended in Sep. 2024 was 0.25.

Backblaze Total Assets Historical Data

The historical data trend for Backblaze's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Backblaze Total Assets Chart

Backblaze Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

38.63

54.47

163.58

152.46

131.69

Backblaze Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial														134.75	131.69	131.89	127.78	136.24

Backblaze Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Backblaze's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	44.938	+	86.749
	=	131.7

Backblaze's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	42.831	+	93.413
	=	136.2

Backblaze (NAS:BLZE) Total Assets Explanation

Total Assets is connected with ROA %.

Backblaze's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-51.012	/	( (127.776	+	136.244)	/ 2 )
	=	-51.012	/	132.01
	=	-38.64 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Backblaze's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	32.589	/	( (127.776	+	136.244)	/ 2 )
=	32.589	/	132.01
=	0.25

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Backblaze Total Assets Related Terms

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Backblaze Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Backblaze Inc (NAS:BLZE) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

201 Baldwin Avenue, San Mateo, CA, USA, 94401

Website

https://www.backblaze.com

Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States and the rest from the United Kingdom, Canada, and other regions.

Executives

Gleb Budman	director, 10 percent owner, officer: See Remarks	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Tina Cessna	officer: Senior VP, Engineering	500 BEN FRANKLIN CT., SAN MATEO CA 94401
Francis P Patchel	officer: Chief Financial Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Barbara H Nelson	director	C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035
Investments Plc Tmt	10 percent owner	13 CASTLE STREET, ST. HELIER Y9 JE1 1ES
Timothy M Nufire	director, 10 percent owner, officer: Chief Cloud Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Brian K Wilson	director, 10 percent owner, officer: Chief Technology Officer	500 BEN FRANKLIN CT, SAN MATEO CA 94401
Charles J. Jones	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Kwok Hang Ng	10 percent owner	500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Clal Insurance Enterprises Holdings Ltd	10 percent owner	36 RAUL WALENBERG ST, TEL-AVIV L3 6136902
Whetstone Capital Advisors, Llc	10 percent owner	2001 SHAWNEE MISSION PARKWAY, SHAWNEE MISSION KS 66205
Jocelyn Carter-miller	director	3698 NW 15TH STREET, LAUDERHILL FL 33311
An Evelyn D	director	1301 NE 103RD STREET, MIAMI SHORES FL 33138
Earl E Fry	director	C/O INFORMATICA CORPORATION, 2100 SEAPORT BLVD., REDWOOD CITY CA 94063