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| 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 |