Blend Labs, Inc. Cost of Revenue History
BLND / Information Technology|7 years of SEC 10-K data (FY2019-FY2025)
$16M in FY2025 with a 5-year CAGR of -14.0%.
Improved from $33M to $16M over the past 2 years.
Among 262 Information Technology companies, Blend Labs, Inc. is in the top 3% for cost of revenue. Cost of Revenue has declined for 3 consecutive years, from $146M in FY2022 to $16M in FY2025.
Based on SEC 10-K filings.
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.
- 3-Year CAGR
- -52.0%
- 5-Year CAGR
- -14.0%
- 10-Year CAGR
- -
Cost of Revenue Trend
Top 3% in Information TechnologyTop 3% of 262This company $16.1M Sector average $4.4B
▼
-99.6% below sector average
Key Insights
- Blend Labs, Inc.'s cost of revenue has declined for 3 consecutive years.
- 5-year CAGR of -14.0%, indicating a declining trend.
- In FY2025, cost of revenue decreased 50.5% year-over-year.
- Ranks #254 out of 262 companies in the Information Technology sector.
Annual Data
| Year | Cost of Revenue | YoY Growth |
|---|---|---|
| FY2025 | $16.1M | -50.5% |
| FY2024 | $32.5M | -1.7% |
| FY2023 | $33.1M | -77.3% |
| FY2022 | $145.6M | +22.8% |
| FY2021 | $118.5M | +245.6% |
| FY2020 | $34.3M | +75.4% |
| FY2019 | $19.5M | - |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026