Dear Concerned,
1. Launch https://demos.telerik.com/kendo-ui/spreadsheet/index
2. Upload the attached sample.xlsx file.
3. Cell B1 getting value from cell A1 using formula "=TEXT(A1, "$#,###")"
4. Delete(Blank) the value of cell A1, see error #VALUE! in cell B1.
5. The same is working fine in Excel.
6. Please suggest any workaround or quick fix.
Check attached Sample.xlsx file in Sample.zip folder
=IF(ISBLANK(A1), "$", TEXT(A1, "$#,###"))