Blend Labs (BLND) Invested Capital (2020 - 2026)

Blend Labs (BLND) recorded quarterly Invested Capital of -$55.9 million in Q1 2026, down 83.48% quarter-over-quarter from -$30.5 million in Q4 2025, and down 225.59% on a YoY basis from $44.5 million in Q1 2025.

Blend Labs (BLND) Invested Capital (2020 - 2026) Analysis & Trends

Blend Labs' Invested Capital history runs 7 years deep, the most recent figure standing at -$55.9 million for Q1 2026.

  • In Q1 2026, Invested Capital fell 225.59% year-over-year to -$55.9 million; the TTM figure through Mar 2026 stood at -$55.9 million (down 225.59% YoY), while the FY2025 annual figure was -$30.5 million, up 45.93% from the prior year.
  • Invested Capital was -$55.9 million for Q1 2026 at Blend Labs, down from -$30.5 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $941.5 million in Q1 2022 to a low of -$56.4 million in Q4 2024.
  • Historically, Invested Capital has averaged $168.9 million across 5 years, with a median of $103.1 million in 2024.
  • The sharpest annual moves came in 2022 and 2026: Invested Capital soared 103.58% in 2022, then slumped 225.59% in 2026.
  • A 5-year view of Invested Capital shows it stood at $340.0 million in 2022, then slumped by 64.97% to $119.1 million in 2023, then sank by 147.32% to -$56.4 million in 2024, then jumped by 45.93% to -$30.5 million in 2025, then tumbled by 83.48% to -$55.9 million in 2026.
  • The last three Invested Capital figures came in at -$55.9 million (Q1 2026), -$30.5 million (Q4 2025), and -$13.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 60.16 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 5.83 Bn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 24.75 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 12.50 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 73.52 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 6.99 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 11.73 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 6.35 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 16.32 Bn
10 Blend Labs 458.86 Mn 399.85 Mn 23.37 Mn -55.91 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -55.91 Mn
Dec 31, 2025 -30.47 Mn
Sep 30, 2025 -13.41 Mn
Jun 30, 2025 -23.05 Mn
Mar 31, 2025 -17.17 Mn
Dec 31, 2024 -56.36 Mn
Sep 30, 2024 -49.60 Mn
Jun 30, 2024 -45.47 Mn
Mar 31, 2024 103.09 Mn
Dec 31, 2023 119.09 Mn
Sep 30, 2023 225.30 Mn
Jun 30, 2023 259.51 Mn
Mar 31, 2023 288.85 Mn
Dec 31, 2022 339.97 Mn
Sep 30, 2022 391.52 Mn
Jun 30, 2022 494.42 Mn
Mar 31, 2022 941.50 Mn
Dec 31, 2021 988.49 Mn
Sep 30, 2021 1.04 Bn
Jun 30, 2021 682.03 Mn