Blend Labs (BLND) Cost of Revenue (2020 - 2026)

Blend Labs' (BLND) quarterly Cost of Revenue came in at $7.5 million in Q1 2026, down 4.68% year-on-year from $7.8 million in Q1 2025, and down 5.15% quarter-over-quarter from $7.9 million in Q4 2025.

Blend Labs (BLND) Cost of Revenue (2020 - 2026) Analysis & Trends

Blend Labs' Cost of Revenue history runs 7 years deep, the most recent figure standing at $7.5 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue fell 4.68% year-over-year to $7.5 million in Q1 2026; TTM through Mar 2026 was $32.1 million, a 1.64% decrease from a year earlier, with the FY2025 full-year figure at $32.4 million, changed 0.38% from the prior year.
  • Cost of Revenue retreated to $7.5 million in Q1 2026 per BLND's latest filing, from $7.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $42.7 million in Q1 2022 and bottomed at -$26.2 million in Q4 2023.
  • The 5-year median for Cost of Revenue is $8.4 million (2025), against an average of $14.8 million.
  • Across the five-year window, Cost of Revenue soared 292.77% in 2022 and sank 192.48% in 2023, its largest moves.
  • Year by year, Cost of Revenue stood at $28.4 million in 2022, then sank by 192.48% to -$26.2 million in 2023, then jumped by 129.66% to $7.8 million in 2024, then climbed by 1.28% to $7.9 million in 2025, then dropped by 5.15% to $7.5 million in 2026.
  • Per Business Quant, the three latest BLND Cost of Revenue figures stand at $7.5 million (Q1 2026), $7.9 million (Q4 2025), and $8.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 199.59 Bn 179.36 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 193.24 Bn 190.53 Bn - -
3 Shopify 164.78 Bn 159.04 Bn 1.55 Bn 1.62 Bn
4 Salesforce 150.52 Bn 138.68 Bn 8.56 Bn 2.57 Bn
5 Uber Technologies 139.79 Bn 138.58 Bn 5.95 Bn 7.26 Bn
6 ServiceNow 109.10 Bn 104.44 Bn 2.82 Bn 1.17 Bn
7 Automatic Data Processing 102.68 Bn 99.45 Bn 2.87 Bn 3.07 Bn
8 Adobe 95.80 Bn 90.17 Bn 5.90 Bn 715.00 Mn
9 Snowflake 93.75 Bn 90.79 Bn 926.45 Mn 464.50 Mn
10 Blend Labs 451.19 Mn 392.18 Mn 23.37 Mn 7.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 7.48 Mn
Mar 31, 2026 7.48 Mn
Dec 31, 2025 7.88 Mn
Dec 31, 2025 7.88 Mn
Sep 30, 2025 8.42 Mn
Sep 30, 2025 8.42 Mn
Jun 30, 2025 8.27 Mn
Jun 30, 2025 8.27 Mn
Mar 31, 2025 7.85 Mn
Mar 31, 2025 7.85 Mn
Dec 31, 2024 7.78 Mn
Dec 31, 2024 7.78 Mn
Sep 30, 2024 8.60 Mn
Sep 30, 2024 8.60 Mn
Jun 30, 2024 8.36 Mn
Jun 30, 2024 8.36 Mn
Mar 31, 2024 7.80 Mn
Mar 31, 2024 7.80 Mn
Dec 31, 2023 -26.24 Mn
Dec 31, 2023 -26.24 Mn