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
DateValue
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