Blend Labs (BLND) Operating Expenses (2020 - 2026)
Blend Labs' 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 has reported Operating Expenses for 7 years, with the latest figure at $28.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 5.36% year-over-year to $28.4 million; the trailing twelve-month figure through Mar 2026 stood at $114.3 million (down 6.11% YoY), and the FY2025 full-year result 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.
- Average Operating Expenses over 5 years is $78.2 million, with a median of $35.8 million recorded in 2024.
- Year-over-year, Operating Expenses surged 737.07% in 2022 and plunged 87.88% in 2023.
- Tracing BLND's Operating Expenses over 5 years: stood at $89.6 million in 2022, then slumped by 72.87% to $24.3 million in 2023, then climbed by 5.38% to $25.6 million in 2024, then rose by 9.78% to $28.1 million in 2025, then increased by 1.11% to $28.4 million in 2026.
- The last three Operating Expenses figures came in at $28.4 million (Q1 2026), $28.1 million (Q4 2025), and $29.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 6.82 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.16 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 2.33 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 1.04 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 3.32 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.54 Bn |
| 10 | Blend Labs | 375.78 Mn | 316.77 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 |
| Mar 31, 2021 | 48.22 Mn |
| Dec 31, 2020 | 37.90 Mn |
| Sep 30, 2020 | 33.74 Mn |
| Jun 30, 2020 | 34.06 Mn |