Blend Labs (BLND) Operating Leases (2020 - 2024)
Blend Labs (BLND) posted Operating Leases of $3.8 million for Q4 2024, down 27.27% on a QoQ basis from $5.3 million in Q3 2024, and down 45.12% year-over-year from $7.0 million in Q1 2024.
Analysis
Blend Labs (BLND) Operating Leases (2020 - 2024) Analysis & Trends
Blend Labs has reported Operating Leases for 5 years, with the latest figure at $3.8 million in Q4 2024.
- On a quarterly basis, Operating Leases fell 45.12% year-over-year to $3.8 million in Q4 2024; TTM through Dec 2024 was $3.8 million, a 45.12% decrease from a year earlier, with the FY2024 full-year figure at $3.8 million, down 45.12% from the prior year.
- Operating Leases was $3.8 million for Q4 2024 at Blend Labs, down from $5.3 million in the prior quarter.
- The five-year high for Operating Leases was $18.7 million in Q2 2021, with the low at $3.8 million in Q4 2024.
- Average Operating Leases over 5 years is $12.8 million, with a median of $13.7 million recorded in 2020.
- The sharpest annual moves came in 2021 and 2024: Operating Leases grew 4.31% in 2021, then plunged 57.61% in 2024.
- Over 5 years, Operating Leases stood at $14.0 million in 2020, then gained by 4.31% to $14.6 million in 2021, then fell by 24.07% to $11.1 million in 2022, then sank by 37.05% to $7.0 million in 2023, then sank by 45.12% to $3.8 million in 2024.
- The last three Operating Leases figures came in at $3.8 million (Q4 2024), $5.3 million (Q3 2024), and $9.9 million (Q2 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 3.83 Mn |
| Sep 30, 2024 | 5.27 Mn |
| Jun 30, 2024 | 9.87 Mn |
| Mar 31, 2024 | 10.97 Mn |
| Dec 31, 2023 | 6.98 Mn |
| Sep 30, 2023 | 12.43 Mn |
| Jun 30, 2023 | 13.46 Mn |
| Mar 31, 2023 | 14.37 Mn |
| Dec 31, 2022 | 11.09 Mn |
| Sep 30, 2022 | 16.75 Mn |
| Jun 30, 2022 | 16.94 Mn |
| Mar 31, 2022 | 17.82 Mn |
| Dec 31, 2021 | 14.61 Mn |
| Sep 30, 2021 | 17.75 Mn |
| Jun 30, 2021 | 18.67 Mn |
| Dec 31, 2020 | 14.00 Mn |