Blend Labs (BLND) Research & Development (2020 - 2026)
Blend Labs (BLND) posted quarterly Research & Development of $6.2 million for Q1 2026, down 13.77% year-over-year from $7.2 million in Q1 2025, and up 23.0% quarter-over-quarter from $5.0 million in Q4 2025.
Blend Labs (BLND) Research & Development (2020 - 2026) Analysis & Trends
Blend Labs' Research & Development history runs 7 years deep, the most recent figure standing at $6.2 million for Q1 2026.
- In Q1 2026, Research & Development fell 13.77% year-over-year to $6.2 million; the TTM figure through Mar 2026 stood at $27.4 million (up 20.04% YoY), while the FY2025 annual figure was $29.1 million, down 15.51% from the prior year.
- Research & Development for Q1 2026 stood at $6.2 million, up from $5.0 million in the prior quarter.
- The five-year high for Research & Development was $35.5 million in Q2 2022, with the low at -$19.6 million in Q4 2022.
- The 5-year median for Research & Development is $9.3 million (2023), against an average of $12.2 million.
- The sharpest annual moves came in 2022 and 2025: Research & Development slumped 195.13% in 2022, then jumped 278.94% in 2025.
- Blend Labs' Research & Development stood at -$19.6 million in 2022, then soared by 147.35% to $9.3 million in 2023, then slumped by 130.34% to -$2.8 million in 2024, then surged by 278.94% to $5.0 million in 2025, then advanced by 23.0% to $6.2 million in 2026.
- Business Quant data shows BLND's Research & Development at $6.2 million in Q1 2026, $5.0 million in Q4 2025, and $8.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Blend Labs | 354.77 Mn | 309.90 Mn | 24.89 Mn | 8.68 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.68 Mn |
| Mar 31, 2026 | 6.20 Mn |
| Dec 31, 2025 | 5.04 Mn |
| Sep 30, 2025 | 8.71 Mn |
| Jun 30, 2025 | 7.49 Mn |
| Mar 31, 2025 | 7.19 Mn |
| Dec 31, 2024 | -2.82 Mn |
| Sep 30, 2024 | 9.47 Mn |
| Jun 30, 2024 | 9.00 Mn |
| Mar 31, 2024 | 14.18 Mn |
| Dec 31, 2023 | 9.28 Mn |
| Sep 30, 2023 | 14.49 Mn |
| Jun 30, 2023 | 16.13 Mn |
| Mar 31, 2023 | 17.57 Mn |
| Dec 31, 2022 | -19.60 Mn |
| Sep 30, 2022 | 34.24 Mn |
| Jun 30, 2022 | 35.50 Mn |
| Mar 31, 2022 | 35.11 Mn |
| Dec 31, 2021 | 20.60 Mn |
| Sep 30, 2021 | 25.52 Mn |