Blend Labs (BLND) Research & Development (2020 - 2026)
Blend Labs' Research & Development came in at $8.68 million for Q2 2026, up 16.0% from $7.49 million a year earlier but down 7.8% from the prior quarter.
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Analysis
Blend Labs (BLND) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Blend Labs reported Research & Development of $34.29 million, down 0.1% year-over-year; for FY2025, it came in at $32.84 million, down 28.7% from FY2024.
- Research & Development has declined in each of the last three years, with a five-year compound annual growth rate of -10.0% (FY2020 to FY2025).
- Going back by year, Research & Development was $46.09 million in FY2024 (-43.3%), $81.26 million in FY2023 (-41.2%), $138.09 million in FY2022 (+49.8%) and $92.22 million in FY2021 (+66.1%).
- The five-year range for quarterly Research & Development is $7.49 million (Q2 2025) to $35.5 million (Q2 2022).
- Year-over-year, Research & Development increased in two of the last eight quarters, with an average decline of 20.4%.
- The fastest year-over-year change in Research & Development over five years came in Q1 2022 (growth of 105.6%), and the weakest in Q4 2023 (a decline of 57.6%).
- Business Quant data shows BLND's Research & Development at $9.41 million (Q1 2026), $7.49 million (Q4 2025) and $8.71 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Blend Labs | 257.80 Mn | 6.80 Mn | 24.89 Mn | 8.68 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 |
API Access
Blend Labs Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=BLND&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "BLND", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=BLND&period=max&api_key=YOUR_API_KEY");
const data = await res.json();