Not at all, we don’t want to keep user data hostage. We use argon2id to derive the key from the backup password (parameters can be retrieved from the source code or we can just tell you which ones) and with that key one can decrypt the backup using AES-GCM, decrypting into a JSON with the data. Both of these tools are industry standard.
Yes, plaintext is available on iOS and Android, and we are going to allow this export to happen on desktop also.