Blend Labs (BLND) Research & Development (2020 - 2026)
Blend Labs' (BLND) quarterly Research & Development came in at $6.2 million in Q1 2026, down 13.77% year-on-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.
- On a quarterly basis, Research & Development fell 13.77% year-over-year to $6.2 million in Q1 2026; TTM through Mar 2026 was $27.4 million, a 20.04% increase from a year earlier, with the FY2025 full-year figure at $29.1 million, down 15.51% from the prior year.
- Research & Development advanced to $6.2 million in Q1 2026 per BLND's latest filing, from $5.0 million in the prior quarter.
- Across five years, Research & Development topped out at $35.5 million in Q2 2022 and bottomed 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.
- Across the five-year window, Research & Development tumbled 195.13% in 2022 and jumped 278.94% in 2025, its largest moves.
- Year by year, Research & Development stood at -$19.6 million in 2022, then jumped by 147.35% to $9.3 million in 2023, then sank by 130.34% to -$2.8 million in 2024, then soared by 278.94% to $5.0 million in 2025, then climbed by 23.0% to $6.2 million in 2026.
- Per Business Quant, the three latest BLND Research & Development figures stand at $6.2 million (Q1 2026), $5.0 million (Q4 2025), and $8.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Blend Labs | 420.47 Mn | 361.46 Mn | 23.37 Mn | 6.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 18.27 Mn |