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

Blend Labs' Cost of Revenue history runs 7 years deep, the most recent figure standing at $6.2 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 13.77% year-over-year to $6.2 million; the TTM figure through Mar 2026 stood at $28.1 million (down 12.05% YoY), while the FY2025 annual figure was $29.1 million, down 10.66% from the prior year.
• Cost of Revenue was $6.2 million for Q1 2026 at Blend Labs, down from $7.1 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $40.3 million in Q2 2022 to a low of -$31.9 million in Q4 2022.
• Historically, Cost of Revenue has averaged $9.1 million across 5 years, with a median of $7.9 million in 2025.
• The sharpest annual moves came in 2022 and 2024: Cost of Revenue slumped 169.33% in 2022, then soared 129.66% in 2024.
• A 5-year view of Cost of Revenue shows it stood at -$31.9 million in 2022, then gained by 17.8% to -$26.2 million in 2023, then jumped by 129.66% to $7.8 million in 2024, then fell by 9.26% to $7.1 million in 2025, then fell by 12.25% to $6.2 million in 2026.
• The last three Cost of Revenue figures came in at $6.2 million (Q1 2026), $7.1 million (Q4 2025), and $7.9 million (Q3 2025), per Business Quant data.