Quick Answer
Blend Labs, Inc. reported R&D Expense of $32.84 million for fiscal year 2025.
Blend Labs, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $32.84M | -28.7% |
| 2024 | $46.09M | -43.3% |
| 2023 | $81.26M | -41.2% |
| 2022 | $138.09M | +49.8% |
| 2021 | $92.22M | +66.1% |
| 2020 | $55.50M | +14.2% |
| 2019 | $48.60M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $8.52M | -15.8% | +16.2% |
| June 30, 2025 | $7.33M | -43.2% | -2.5% |
| March 31, 2025 | $7.52M | -47.0% | -25.7% |
| September 30, 2024 | $10.13M | -46.2% | -21.6% |
| June 30, 2024 | $12.92M | -41.5% | -8.9% |
| March 31, 2024 | $14.18M | -46.0% | -24.7% |
| September 30, 2023 | $18.83M | -45.0% | -14.8% |
| June 30, 2023 | $22.09M | -37.8% | -15.9% |
- Blend Labs, Inc. showed a decrease of -28.7% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, Blend Labs, Inc.’s r&d expense has declined by 32.4% (from $48.60 million to $32.84 million).
- The most recent figure is from Blend Labs, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 16, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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