Blend Labs, Inc. R&D Expense History
BLND / Information Technology|6 years of SEC 10-K data (FY2019-FY2024)
$46M in FY2024 with a 5-year CAGR of -1.1%.
Declined from $138M to $46M over the past 2 years.
Blend Labs, Inc.'s r&d expense of $46M is lower than 87% of companies in the Information Technology sector (FY2024). Declined from $138M to $46M over the past 2 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.33 (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
- -20.6%
- 5-Year CAGR
- -1.1%
- 10-Year CAGR
- -
R&D Expense Trend
Bottom 13% in Information TechnologyTop 87% of 264This company $46.1M Sector average $1.0B
▼
-95.5% below sector average
Key Insights
- 5-year CAGR of -1.1%, indicating a declining trend.
- In FY2024, r&d expense decreased 43.5% year-over-year.
- Ranks #230 out of 264 companies in the Information Technology sector.
- Peak r&d expense was recorded in FY2022.
Annual Data
| Year | R&D Expense | YoY Growth |
|---|---|---|
| FY2024 | $46.1M | -43.5% |
| FY2023 | $81.6M | -40.9% |
| FY2022 | $138.1M | +49.8% |
| FY2021 | $92.2M | +66.1% |
| FY2020 | $55.5M | +14.2% |
| FY2019 | $48.6M | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026