Blend Labs (BLND) Operating Expenses (2020 - 2026)
Blend Labs (BLND) posted quarterly Operating Expenses of $28.4 million for Q1 2026, up 5.36% year-over-year from $27.0 million in Q1 2025, and up 1.11% quarter-over-quarter from $28.1 million in Q4 2025.
Blend Labs (BLND) Operating Expenses (2020 - 2026) Analysis & Trends
Blend Labs' Operating Expenses history runs 7 years deep, the most recent figure standing at $28.4 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 5.36% year-over-year to $28.4 million; the TTM figure through Mar 2026 stood at $114.3 million (down 6.11% YoY), while the FY2025 annual figure was $112.9 million, down 14.51% from the prior year.
- Operating Expenses for Q1 2026 stood at $28.4 million, up from $28.1 million in the prior quarter.
- The five-year high for Operating Expenses was $496.7 million in Q2 2022, with the low at $24.3 million in Q4 2023.
- The 5-year median for Operating Expenses is $35.8 million (2024), against an average of $78.2 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 737.07% in 2022, then tumbled 87.88% in 2023.
- Blend Labs' Operating Expenses stood at $89.6 million in 2022, then slumped by 72.87% to $24.3 million in 2023, then gained by 5.38% to $25.6 million in 2024, then grew by 9.78% to $28.1 million in 2025, then climbed by 1.11% to $28.4 million in 2026.
- Business Quant data shows BLND's Operating Expenses at $28.4 million in Q1 2026, $28.1 million in Q4 2025, and $29.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Blend Labs | 354.77 Mn | 309.90 Mn | 24.89 Mn | 26.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.46 Mn |
| Mar 31, 2026 | 28.43 Mn |
| Dec 31, 2025 | 28.11 Mn |
| Sep 30, 2025 | 29.63 Mn |
| Jun 30, 2025 | 28.18 Mn |
| Mar 31, 2025 | 26.98 Mn |
| Dec 31, 2024 | 25.61 Mn |
| Sep 30, 2024 | 35.78 Mn |
| Jun 30, 2024 | 33.41 Mn |
| Mar 31, 2024 | 37.26 Mn |
| Dec 31, 2023 | 24.30 Mn |
| Sep 30, 2023 | 58.26 Mn |
| Jun 30, 2023 | 60.21 Mn |
| Mar 31, 2023 | 77.29 Mn |
| Dec 31, 2022 | 89.56 Mn |
| Sep 30, 2022 | 150.97 Mn |
| Jun 30, 2022 | 496.68 Mn |
| Mar 31, 2022 | 98.62 Mn |
| Dec 31, 2021 | 94.81 Mn |
| Sep 30, 2021 | 110.86 Mn |