Blend Labs (BLND) Interest Expenses (2021 - 2024)

Blend Labs (BLND) recorded quarterly Interest Expenses of $1.6 million in Q2 2024, down 67.68% quarter-over-quarter from $5.1 million in Q1 2024, and down 79.26% on a YoY basis from $7.9 million in Q3 2023.

Blend Labs (BLND) Interest Expenses (2021 - 2024) Analysis & Trends

Blend Labs' Interest Expenses history runs 4 years deep, the most recent figure standing at $1.6 million for Q2 2024.

  • In Q2 2024, Interest Expenses fell 79.26% year-over-year to $1.6 million; the TTM figure through Mar 2025 stood at $1.6 million (down 94.19% YoY), while the FY2024 annual figure was $6.7 million, down 78.1% from the prior year.
  • Interest Expenses was $1.6 million for Q2 2024 at Blend Labs, down from $5.1 million in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of $8.2 million in Q3 2023 to a low of $1.6 million in Q2 2024.
  • Historically, Interest Expenses has averaged $6.1 million across 4 years, with a median of $5.9 million in 2022.
  • The sharpest annual moves came in 2023 and 2024: Interest Expenses surged 38.79% in 2023, then plunged 79.26% in 2024.
  • A 4-year view of Interest Expenses shows it stood at $5.7 million in 2021, then advanced by 29.73% to $7.3 million in 2022, then fell by 3.58% to $7.1 million in 2023, then slumped by 76.74% to $1.6 million in 2024.
  • The last three Interest Expenses figures came in at $1.6 million (Q2 2024), $5.1 million (Q1 2024), and $7.1 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Int Expense (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn -341.86 Mn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 108.00 Mn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn -
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 317.00 Mn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 31.61 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn -
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 78.70 Mn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 65.00 Mn
10 Blend Labs 458.86 Mn 399.85 Mn 23.37 Mn -

Historic Data

Download Data
DateValue
Jun 30, 2024 1.65 Mn
Jun 30, 2024 1.65 Mn
Mar 31, 2024 5.10 Mn
Mar 31, 2024 5.10 Mn
Dec 31, 2023 7.09 Mn
Dec 31, 2023 7.09 Mn
Sep 30, 2023 8.21 Mn
Sep 30, 2023 8.21 Mn
Jun 30, 2023 7.95 Mn
Jun 30, 2023 7.95 Mn
Mar 31, 2023 7.57 Mn
Mar 31, 2023 7.57 Mn
Dec 31, 2022 7.35 Mn
Dec 31, 2022 7.35 Mn
Sep 30, 2022 6.16 Mn
Sep 30, 2022 6.16 Mn
Jun 30, 2022 5.73 Mn
Jun 30, 2022 5.73 Mn
Mar 31, 2022 5.56 Mn
Mar 31, 2022 5.56 Mn