NYSE : BLND
Blend Labs, Inc. — Financial statements
Technology · Software - Application · United States
Last price 1.12 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 264.89M
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Financial statements
Blend Labs, Inc. (BLND) reported revenue of 129.79M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 129.79M | 123.58M | 115.76M | 109.55M | 235.20M | 234.50M |
| Cost of Revenue | 32.73M | 32.42M | 32.54M | 33.09M | 145.55M | 118.51M |
| Gross Profit | 97.06M | 91.17M | 83.22M | 76.46M | 89.65M | 115.99M |
| Selling, General & Admin | 76.23M | 79.19M | 80.10M | 118.75M | 224.37M | 212.88M |
| Research & Development | 35.61M | 32.84M | 46.09M | 81.26M | 138.09M | 92.22M |
| Amortization of Goodwill & Intangibles | 8.41M | 8.14M | ||||
| Operating Expenses | 111.84M | 112.03M | 126.18M | 200.01M | 370.87M | 313.23M |
| Operating Income | -14.78M | -20.86M | -42.96M | -123.55M | -281.22M | -197.24M |
| Interest Expense | -6.75M | -30.81M | -24.79M | -11.28M | ||
| Interest & Investment Income | 2.60M | 3.70M | 5.40M | 11.40M | 2.40M | 400.00K |
| Currency Exchange Gain (Loss) | -500.00K | |||||
| Other Non Operating Income (Expenses) | -1.02M | -248.00K | -13.00K | -397.00K | 132.00K | 93.00K |
| EBT Excluding Unusual Items | -13.91M | -17.41M | -44.32M | -143.36M | -303.98M | -208.03M |
| Merger & Restructuring Charges | -790.00K | -871.00K | -5.88M | -20.06M | -15.28M | |
| Impairment of Goodwill | -287.20M | |||||
| Gain (Loss) on Sale of Investments | 17.41M | 17.41M | 4.42M | 2.88M | ||
| Gain (Loss) on Sale of Assets | 8.61M | |||||
| Asset Writedown | -162.48M | |||||
| Other Unusual Items | -5.48M | -3.97M | ||||
| Pretax Income | 2.70M | -878.00K | -42.65M | -167.39M | -766.05M | -208.03M |
| Income Tax Expense | 360.00K | 249.00K | 109.00K | 94.00K | -2.24M | -38.89M |
| Earnings From Continuing Operations | 2.34M | -1.13M | -42.76M | -167.48M | -763.81M | -169.14M |
| Earnings From Discontinued Operations | -2.31M | -5.67M | -585.00K | -11.21M | ||
| Net Income to Company | 31.00K | -6.80M | -43.34M | -178.69M | -763.81M | -169.14M |
| Minority Interest in Earnings | 43.64M | -771.00K | ||||
| Net Income | 31.00K | -6.80M | -43.34M | -178.69M | -720.17M | -169.91M |
| Preferred Dividends & Other Adjustments | 18.91M | 19.09M | 17.14M | 6.63M | 48.44M | 1.43M |
| Net Income to Common | -18.88M | -25.89M | -60.48M | -185.32M | -768.61M | -171.34M |
| Shares Outstanding (Basic) | 253.31M | 258.95M | 253.92M | 245.21M | 234.16M | 131.99M |
| Shares Outstanding (Diluted) | 253.31M | 258.95M | 253.92M | 245.21M | 234.16M | 131.99M |
| EPS (Basic) | -0.07 | -0.10 | -0.24 | -0.76 | -3.28 | -1.30 |
| EPS (Diluted) | -0.07 | -0.10 | -0.24 | -0.76 | -3.28 | -1.30 |
| Free Cash Flow | 7.55M | -81.00K | -22.79M | -127.66M | -192.49M | -129.39M |
| Free Cash Flow Per Share | 0.03 | 0.00 | -0.09 | -0.52 | -0.82 | -0.98 |
| Gross Margin | 74.78% | 73.77% | 71.89% | 69.79% | 38.12% | 49.46% |
| Operating Margin | -11.38% | -16.88% | -37.11% | -112.78% | -119.57% | -84.11% |
| Profit Margin | -14.55% | -20.95% | -52.25% | -169.17% | -326.79% | -73.07% |
| Free Cash Flow Margin | 5.82% | -0.07% | -19.68% | -116.53% | -81.84% | -55.18% |
| EBITDA | -14.48M | -20.68M | -42.12M | -122.04M | -270.46M | -186.63M |
| EBITDA Margin | -11.16% | -16.73% | -36.39% | -111.40% | -114.99% | -79.59% |
| D&A For EBITDA | 292.00K | 188.00K | 839.00K | 1.51M | 10.77M | 10.61M |
| EBIT | -14.78M | -20.86M | -42.96M | -123.55M | -281.22M | -197.24M |
| EBIT Margin | -11.38% | -16.88% | -37.11% | -112.78% | -119.57% | -84.11% |
| Revenue as Reported | 129.79M | 123.58M | 115.76M | 109.55M | 235.20M | 234.50M |
| Advertising Expenses | 3.50M | 1.80M | 3.90M | 5.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.31M | 43.58M | 38.01M | 30.96M | 124.20M | 213.08M |
| Short-Term Investments | 21.56M | 24.74M | 56.23M | 105.96M | 229.95M | 334.15M |
| Cash & Short-Term Investments | 44.87M | 68.32M | 94.24M | 136.92M | 354.15M | 547.23M |
| Receivables | 18.58M | 14.05M | 17.20M | 19.94M | 23.97M | 39.44M |
| Prepaid Expenses | 7.71M | 6.85M | 6.35M | 9.61M | 11.30M | 14.26M |
| Restricted Cash | 1.94M | 5.02M | ||||
| Other Current Assets | 2.80M | 8.65M | 12.43M | 3.36M | 6.68M | 12.09M |
| Total Current Assets | 75.89M | 97.86M | 135.24M | 169.84M | 396.10M | 613.02M |
| Property, Plant & Equipment | 23.89M | 24.39M | 12.01M | 12.51M | 17.41M | 20.87M |
| Long-Term Investments | 39.35M | 40.07M | 9.80M | 5.38M | 5.50M | |
| Goodwill | 287.23M | |||||
| Other Intangible Assets | 2.11M | 2.13M | 173.01M | |||
| Long-Term Deferred Charges | 3.21M | 3.52M | 2.97M | 2.45M | 1.89M | 4.18M |
| Other Long-Term Assets | 1.23M | 4.19M | 7.56M | 8.27M | 15.24M | 8.69M |
| Total Assets | 143.57M | 170.04M | 178.09M | 206.06M | 432.76M | 1.11B |
| Accounts Payable | 418.00K | 1.83M | 1.62M | 2.17M | 1.26M | 6.16M |
| Accrued Expenses | 12.93M | 12.91M | 10.31M | 14.94M | 18.94M | 35.17M |
| Current Portion of Leases | 407.00K | 254.00K | 2.66M | 4.38M | 4.09M | 3.86M |
| Current Unearned Revenue | 31.48M | 19.39M | 19.24M | 8.98M | 8.70M | 8.07M |
| Other Current Liabilities | 1.46M | 5.08M | 5.19M | 1.10M | 2.49M | 6.77M |
| Total Current Liabilities | 46.70M | 39.45M | 39.02M | 31.57M | 35.47M | 60.03M |
| Long-Term Debt | 138.33M | 216.80M | 213.84M | |||
| Long-Term Leases | 1.64M | 1.22M | 6.98M | 11.09M | 14.61M | |
| Long-Term Deferred Tax Liabilities | 2.86M | |||||
| Other Long-Term Liabilities | 448.00K | 346.00K | 1.38M | 2.23M | 5.48M | 10.55M |
| Total Liabilities | 48.79M | 41.02M | 40.40M | 179.12M | 268.84M | 301.89M |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 1.33B | 1.36B | 1.33B | 1.32B | 1.29B | 1.22B |
| Retained Earnings | -1.40B | -1.39B | -1.38B | -1.34B | -1.16B | -442.76M |
| Comprehensive Income & Other | 623.00K | 597.00K | 602.00K | 441.00K | -708.00K | -808.00K |
| Total Common Equity | -74.37M | -30.47M | -56.36M | -19.24M | 123.17M | 774.64M |
| Minority Interest | 52.38M | 46.19M | 40.75M | 35.95M | ||
| Shareholders' Equity | 94.78M | 129.02M | 137.68M | 26.95M | 163.92M | 810.59M |
| Total Liabilities & Equity | 143.57M | 170.04M | 178.09M | 206.06M | 432.76M | 1.11B |
| Total Debt | 2.04M | 1.48M | 2.66M | 149.69M | 231.98M | 232.31M |
| Net Cash (Debt) | 42.83M | 66.84M | 91.58M | -12.77M | 122.17M | 314.92M |
| Net Cash Per Share | 0.17 | 0.26 | 0.36 | -0.05 | 0.52 | 2.39 |
| Filing Date Shares Outstanding | 236.51M | 257.11M | 259.66M | 252.05M | 242.85M | 232.41M |
| Total Common Shares Outstanding | 236.51M | 256.04M | 258.17M | 249.91M | 240.93M | 230.32M |
| Working Capital | 29.18M | 58.41M | 96.22M | 138.26M | 360.62M | 552.99M |
| Book Value Per Share | -0.31 | -0.12 | -0.22 | -0.08 | 0.51 | 3.36 |
| Tangible Book Value | -74.37M | -30.47M | -56.36M | -21.35M | 121.05M | 314.41M |
| Tangible Book Value Per Share | -0.31 | -0.12 | -0.22 | -0.09 | 0.50 | 1.37 |
| Machinery | 1.43M | 1.37M | 783.00K | 8.15M | 7.73M | 5.85M |
| Leasehold Improvements | 4.89M | 4.88M | 4.94M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 31.00K | -6.80M | -43.34M | -178.69M | -720.17M | -169.91M |
| Depreciation & Amortization | 834.00K | 719.00K | 2.90M | 4.33M | 14.42M | 13.81M |
| Other Amortization | 6.47M | 4.73M | 2.26M | 5.95M | 7.70M | 6.42M |
| Loss (Gain) From Sale of Assets | -9.21M | |||||
| Asset Writedown & Restructuring Costs | 2.99M | 449.68M | ||||
| Loss (Gain) From Sale of Investments | -16.58M | -16.58M | -4.42M | -2.88M | ||
| Stock-Based Compensation | 29.04M | 28.95M | 27.94M | 45.56M | 109.70M | 70.84M |
| Other Operating Activities | 2.11M | 4.54M | 4.13M | 9.93M | -44.37M | -35.60M |
| Change in Accounts Receivable | 603.00K | 5.76M | 4.76M | 765.00K | 12.29M | -5.84M |
| Change in Accounts Payable | -815.00K | 206.00K | -291.00K | 1.22M | -4.90M | 1.56M |
| Change in Unearned Revenue | -881.00K | -627.00K | 10.26M | 289.00K | 627.00K | -5.55M |
| Change in Other Net Operating Assets | -5.32M | -6.50M | -6.18M | -6.15M | -12.50M | -3.24M |
| Operating Cash Flow | 13.18M | 11.51M | -13.04M | -127.62M | -190.42M | -127.50M |
| Capital Expenditures | -5.62M | -11.59M | -9.74M | -35.00K | -2.07M | -1.89M |
| Cash Acquisitions | -400.01M | |||||
| Divestitures | 9.07M | |||||
| Investment in Securities | 30.27M | 28.07M | 51.45M | 130.39M | 101.50M | -229.01M |
| Other Investing Activities | 3.29M | 2.06M | -5.39M | -3.05M | -3.00M | |
| Investing Cash Flow | 27.93M | 18.54M | 45.40M | 127.31M | 99.43M | -633.91M |
| Long-Term Debt Issued | 218.79M | |||||
| Long-Term Debt Repaid | -144.50M | -85.06M | ||||
| Net Debt Issued (Repaid) | -144.50M | -85.06M | 218.79M | |||
| Issuance of Common Stock | 955.00K | 1.65M | 1.66M | 268.00K | 2.61M | 394.91M |
| Repurchase of Common Stock | -63.92M | -34.24M | -18.11M | -6.17M | ||
| Other Financing Activities | -9.48M | -391.00K | ||||
| Financing Cash Flow | -62.97M | -32.59M | -21.06M | -90.96M | 2.22M | 933.57M |
| Foreign Exchange Rate Adjustments | -24.00K | -5.00K | -31.00K | -116.00K | -9.00K | |
| Net Cash Flow | -21.88M | -2.54M | 11.28M | -91.30M | -88.88M | 172.15M |
| Free Cash Flow | 7.55M | -81.00K | -22.79M | -127.66M | -192.49M | -129.39M |
| Free Cash Flow Margin | 5.82% | -0.07% | -19.68% | -116.53% | -81.84% | -55.18% |
| Free Cash Flow Per Share | 0.03 | 0.00 | -0.09 | -0.52 | -0.82 | -0.98 |
| Levered Free Cash Flow | 23.51M | 24.06M | -6.63M | -35.84M | -62.46M | -50.93M |
| Unlevered Free Cash Flow | 23.51M | 24.06M | -3.10M | -19.55M | -50.03M | -45.27M |
| Cash Interest Paid | 6.15M | 27.81M | 25.06M | 6.43M | ||
| Cash Income Tax Paid | 248.00K | 389.00K | 76.00K | 107.00K | 276.00K | 884.00K |
| Change in Working Capital | -6.41M | -1.16M | 8.55M | -3.88M | -4.48M | -13.07M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 264.89M | 789.63M | 1.08B | 632.91M | 342.29M | 1.69B |
| Enterprise Value | 222.07M | 868.79M | 1.15B | 664.13M | 213.71M | 1.37B |
| Last Close Price | 1.12 | 3.04 | 4.21 | 2.55 | 1.44 | 7.34 |
| Forward PE | 17.45 | 31.44 | 74.51 | |||
| PS Ratio | 2.04 | 6.39 | 9.31 | 5.78 | 1.46 | 7.20 |
| PB Ratio | 2.79 | 6.12 | 7.83 | 23.49 | 2.09 | 2.08 |
| P/TBV Ratio | 2.83 | 5.37 | ||||
| P/OCF Ratio | 20.10 | 68.59 | ||||
| PEG Ratio | 0.87 | 1.57 | 3.73 | |||
| EV/Sales Ratio | 1.71 | 7.03 | 9.97 | 6.06 | 0.91 | 5.85 |
| Debt / Equity Ratio | 0.02 | 0.01 | 0.02 | 5.55 | 1.42 | 0.29 |
| Debt / FCF Ratio | 0.27 | |||||
| Net Debt / Equity Ratio | -0.45 | -0.52 | -0.67 | 0.47 | -0.74 | -0.39 |
| Net Debt / EBITDA Ratio | 2.96 | 3.23 | 2.17 | -0.10 | 0.45 | 1.69 |
| Net Debt / FCF Ratio | -5.67 | 825.18 | 4.02 | -0.10 | 0.64 | 2.43 |
| Asset Turnover | 0.80 | 0.71 | 0.60 | 0.34 | 0.30 | 0.35 |
| Quick Ratio | 1.36 | 2.09 | 2.86 | 4.97 | 10.66 | 9.77 |
| Current Ratio | 1.62 | 2.48 | 3.47 | 5.38 | 11.17 | 10.21 |
| Return on Equity (ROE) | 2.10% | -0.84% | -51.95% | -175.49% | -156.76% | -34.73% |
| Return on Assets (ROA) | -5.65% | -7.49% | -13.98% | -24.18% | -22.75% | -18.56% |
| Return on Capital Employed (ROCE) | -15.30% | -16.00% | -30.90% | -70.80% | -70.80% | -18.70% |
| Earnings Yield | -6.66% | -0.86% | -4.02% | -28.23% | -210.40% | -10.07% |
| FCF Yield | 2.85% | -0.01% | -2.11% | -20.17% | -56.23% | -7.67% |
| Buyback Yield / Dilution | 1.60% | -1.98% | -3.55% | -4.72% | -77.42% | -234.93% |