Blend Labs BLND
NYSE BLND
$1.53 +0.02 (+1.32%)
At close: Sep 4, 2026 · 4:00 PM EDT

Blend Labs (BLND) Operating Expenses (2020 - 2026)

Blend Labs (BLND) posted Operating Expenses of $26.5 million for Q2 2026, down 6.91% on a QoQ basis from $28.4 million in Q1 2026, and down 6.11% year-over-year from $28.2 million in Q2 2025.

Analysis

Blend Labs (BLND) Operating Expenses (2020 - 2026) Analysis & Trends

Blend Labs has reported Operating Expenses for 7 years, with the latest figure at $26.5 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 6.11% year-over-year to $26.5 million in Q2 2026; TTM through Jun 2026 was $112.7 million, a 3.31% decrease from a year earlier, with the FY2025 full-year figure at $112.9 million, down 14.51% from the prior year.
  • Operating Expenses was $26.5 million for Q2 2026 at Blend Labs, down from $28.4 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 $75.3 million, with a median of $34.6 million recorded in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 737.07% in 2022, then tumbled 87.88% in 2023.
  • Over 5 years, Operating Expenses 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 grew by 10.04% to $28.2 million in 2025, then slipped by 6.11% to $26.5 million in 2026.
  • The last three Operating Expenses figures came in at $26.5 million (Q2 2026), $28.4 million (Q1 2026), and $28.2 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Upstart Holdings 2.73 Bn 2.28 Bn 303.39 Mn 350.07 Mn
2 Pagaya Technologies 1.92 Bn 1.72 Bn 168.33 Mn 281.24 Mn
3 Qfin Holdings 1.10 Bn 108.74 Mn - 354.54 Mn
4 FinVolution 856.70 Mn -70.30 Mn - -423.57 Mn
5 X Financial 432.29 Mn -136.02 Mn 84.09 Mn 117.70 Mn
6 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn 16.27 Mn
7 Blend Labs 361.86 Mn 317.00 Mn 24.89 Mn 26.46 Mn
8 LexinFintech Holdings 294.80 Mn 294.80 Mn 73.06 Mn -88.58 Mn
9 Antalpha Platform Holding 85.61 Mn -804.10 Mn 11.94 Mn 37.28 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 26.46 Mn
Mar 31, 2026 28.43 Mn
Dec 31, 2025 28.18 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