Blend Labs (BLND) Research & Development (2020 - 2026)
Blend Labs (BLND) posted Research & Development of $8.7 million for Q2 2026, down 7.76% on a QoQ basis from $9.4 million in Q1 2026, and up 15.99% year-over-year from $7.5 million in Q2 2025.
Analysis
Blend Labs (BLND) Research & Development (2020 - 2026) Analysis & Trends
Blend Labs has reported Research & Development for 7 years, with the latest figure at $8.7 million in Q2 2026.
- On a quarterly basis, Research & Development rose 15.99% year-over-year to $8.7 million in Q2 2026; TTM through Jun 2026 was $34.3 million, a 0.08% change from a year earlier, with the FY2025 full-year figure at $32.8 million, down 28.74% from the prior year.
- Research & Development was $8.7 million for Q2 2026 at Blend Labs, down from $9.4 million in the prior quarter.
- The five-year high for Research & Development was $35.5 million in Q2 2022, with the low at $7.5 million in Q2 2025.
- Average Research & Development over 5 years is $17.5 million, with a median of $13.5 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Research & Development surged 105.61% in 2022, then sank 57.64% in 2023.
- Over 5 years, Research & Development stood at $33.2 million in 2022, then slumped by 57.64% to $14.1 million in 2023, then tumbled by 37.08% to $8.9 million in 2024, then decreased by 15.52% to $7.5 million in 2025, then rose by 15.99% to $8.7 million in 2026.
- The last three Research & Development figures came in at $8.7 million (Q2 2026), $9.4 million (Q1 2026), and $7.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn | 114.51 Mn |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn | 17.35 Mn |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - | 58.49 Mn |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - | -17.53 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 | 2.92 Mn |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn | 8.68 Mn |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn | -21.62 Mn |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn | 1.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.68 Mn |
| Mar 31, 2026 | 9.41 Mn |
| Dec 31, 2025 | 7.49 Mn |
| Sep 30, 2025 | 8.71 Mn |
| Jun 30, 2025 | 7.49 Mn |
| Mar 31, 2025 | 7.84 Mn |
| Dec 31, 2024 | 8.86 Mn |
| Sep 30, 2024 | 10.13 Mn |
| Jun 30, 2024 | 12.92 Mn |
| Mar 31, 2024 | 14.18 Mn |
| Dec 31, 2023 | 14.08 Mn |
| Sep 30, 2023 | 18.83 Mn |
| Jun 30, 2023 | 22.09 Mn |
| Mar 31, 2023 | 26.26 Mn |
| Dec 31, 2022 | 33.25 Mn |
| Sep 30, 2022 | 34.24 Mn |
| Jun 30, 2022 | 35.50 Mn |
| Mar 31, 2022 | 35.11 Mn |
| Dec 31, 2021 | 28.74 Mn |
| Sep 30, 2021 | 25.52 Mn |