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| Date | Value |
|---|---|
| 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 |