Company / R&D Expense
Blend Labs, Inc. R&D Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$15.3M
FY2025
5-year range
$15.3M / $92.2M
FY2021-FY2025
Trend
-66.7%
vs FY2024
Sector context
#254 of 264
Information Technology
What the data says
Among 264 Information Technology companies, Blend Labs, Inc. is in the bottom 4% for r&d expense. R&D Expense has fluctuated over the past 7 years, ranging from $15M in FY2025 to $92M in FY2021.
Based on SEC 10-K filings.
$15M in FY2025 with a 5-year CAGR of -22.7%.
Declined from $81M to $15M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -34.9%
- 5-Year CAGR
- -22.7%
- 10-Year CAGR
- -
Sector benchmark
Bottom 4% in Information TechnologyTop 96% of 264This company $15.3M Sector average $924.6M
▼
-98.3% below sector average
Key checks
Key Insights
- 5-year CAGR of -22.7%, indicating a declining trend.
- In FY2025, r&d expense decreased 66.7% year-over-year.
- Ranks #254 out of 264 companies in the Information Technology sector.
- Peak r&d expense was recorded in FY2021.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $15.3M | -66.7% |
| FY2024 | $46.1M | -43.3% |
| FY2023 | $81.3M | +46.4% |
| FY2022 | $55.5M | -39.8% |
| FY2021 | $92.2M | +66.1% |
| FY2020 | $55.5M | +14.2% |
| FY2019 | $48.6M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026