Company / Cost of Revenue
Blend Labs, Inc. Cost of Revenue History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$16.1M
FY2025
5-year range
$16.1M / $118.5M
FY2021-FY2025
Trend
-50.5%
vs FY2024
Sector context
#268 of 276
Information Technology
What the data says
Among 276 Information Technology companies, Blend Labs, Inc. is in the top 3% for cost of revenue. Cost of Revenue has declined for 4 consecutive years, from $119M in FY2021 to $16M in FY2025.
Based on SEC 10-K filings.
$16M in FY2025 with a 5-year CAGR of -14.0%.
Improved from $33M to $16M over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- -22.2%
- 5-Year CAGR
- -14.0%
- 10-Year CAGR
- -
Sector benchmark
Top 3% in Information TechnologyTop 3% of 276This company $16.1M Sector average $4.0B
▼
-99.6% below sector average
Key checks
Key Insights
- Blend Labs, Inc.'s cost of revenue has declined for 4 consecutive years.
- 5-year CAGR of -14.0%, indicating a declining trend.
- In FY2025, cost of revenue decreased 50.5% year-over-year.
- Ranks #268 out of 276 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score -5.92 (distress zone, below 1.8 threshold)
- Negative profit margin: -26.8%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $16.1M | -50.5% |
| FY2024 | $32.5M | -1.7% |
| FY2023 | $33.1M | -3.5% |
| FY2022 | $34.3M | -71.1% |
| FY2021 | $118.5M | +245.6% |
| FY2020 | $34.3M | +75.4% |
| FY2019 | $19.5M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026