Blend Labs (BLND) Interest Expenses (2021 - 2024)
Blend Labs' quarterly Interest Expenses came in at $1.6 million in Q2 2024, down 79.26% year-on-year from $7.9 million in Q3 2023, and down 67.68% quarter-over-quarter from $5.1 million in Q1 2024.
Blend Labs has reported Interest Expenses for 4 years, with the latest figure at $1.6 million in Q2 2024.
- For the quarter ending Q2 2024, Interest Expenses fell 79.26% year-over-year to $1.6 million; the trailing twelve-month figure through Mar 2025 stood at $1.6 million (down 94.19% YoY), and the FY2024 full-year result was $6.7 million, down 78.1% from the prior year.
- Interest Expenses for Q2 2024 stood at $1.6 million, down from $5.1 million in the prior quarter.
- The five-year high for Interest Expenses was $8.2 million in Q3 2023, with the low at $1.6 million in Q2 2024.
- Average Interest Expenses over 4 years is $6.1 million, with a median of $5.9 million recorded in 2022.
- Year-over-year, Interest Expenses jumped 38.79% in 2023 and plunged 79.26% in 2024.
- Tracing BLND's Interest Expenses over 4 years: stood at $5.7 million in 2021, then climbed by 29.73% to $7.3 million in 2022, then retreated by 3.58% to $7.1 million in 2023, then sank 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 | 253.17 Bn | 235.20 Bn | 8.16 Bn | -341.86 Mn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | - |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 108.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | - |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | - |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 31.61 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 63.00 Mn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 78.70 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 70.00 Mn |
| 10 | Blend Labs | 375.78 Mn | 316.77 Mn | 23.37 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2021 | 5.66 Mn |
| Dec 31, 2021 | 5.66 Mn |
| Sep 30, 2021 | 5.62 Mn |
| Sep 30, 2021 | 5.62 Mn |