Blend Labs (BLND) Operating Expenses (2020 - 2026)
Blend Labs' (BLND) quarterly Operating Expenses came in at $28.4 million in Q1 2026, up 5.36% year-on-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.
- On a quarterly basis, Operating Expenses rose 5.36% year-over-year to $28.4 million in Q1 2026; TTM through Mar 2026 was $114.3 million, a 6.11% decrease from a year earlier, with the FY2025 full-year figure at $112.9 million, down 14.51% from the prior year.
- Operating Expenses climbed to $28.4 million in Q1 2026 per BLND's latest filing, from $28.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $496.7 million in Q2 2022 and bottomed 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.
- Across the five-year window, Operating Expenses surged 737.07% in 2022 and plunged 87.88% in 2023, its largest moves.
- Year by year, Operating Expenses stood at $89.6 million in 2022, then sank by 72.87% to $24.3 million in 2023, then advanced by 5.38% to $25.6 million in 2024, then increased by 9.78% to $28.1 million in 2025, then grew by 1.11% to $28.4 million in 2026.
- Per Business Quant, the three latest BLND Operating Expenses figures stand at $28.4 million (Q1 2026), $28.1 million (Q4 2025), and $29.6 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Blend Labs | 420.47 Mn | 361.46 Mn | 23.37 Mn | 28.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 59.34 Mn |