Blend Labs, Inc. engages in the provision of a cloud-based software platform for financial services firms that is designed to power the end-to-end consumer journey for banking products. The company is headquartered in San Francisco, California and currently employs 540 full-time employees. The company went IPO on 2021-07-16. Financial providers, from large banks, fintechs, and credit unions to community and independent mortgage banks, use its platform to transform banking experiences for their customers. Its segments include Blend Platform and Title. The Blend Platform segment comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. The Blend Platform segment also includes Blend Builder, which offers a set of low-code, drag-and-drop design tools, modular components and integrations to allow its customers to create and deploy their own new product offerings. The Title segment comprises a suite of title products and services, such as instant title and other title search options, insurance solutions, closing and settlement services, including mobile signing and e-sign capabilities, and various post-closing solutions, such as disbursement and recording handling.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue
123
123
115
156
235
234
Revenue Growth (YoY)
-24%
7%
-26%
-34%
0%
144%
Cost of Revenue
32
32
32
75
145
118
Gross Profit
91
91
83
81
89
116
Selling, General & Admin
79
79
80
130
224
212
Research & Development
32
32
46
81
138
92
Operating Expenses
111
112
126
212
370
313
Other Non Operating Income (Expenses)
9
20
12
7
4
0
Pretax Income
0
0
-42
-179
-766
-208
Income Tax Expense
0
0
0
0
-2
-38
Net Income
-25
-25
-60
-185
-768
-171
Net Income Growth
-57.99%
-57.99%
-68%
-76%
349%
131%
Shares Outstanding (Diluted)
258.12
258.94
253.92
245.2
234.2
227
Shares Change (YoY)
1%
2%
4%
5%
3%
3%
EPS (Diluted)
-0.09
-0.1
-0.23
-0.75
-3.28
-0.75
EPS Growth
-62%
-56.99%
-70%
-77%
337%
121%
Free Cash Flow
0
0
-22
-128
-192
-129
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
73.98%
73.98%
72.17%
51.92%
37.87%
49.57%
Operating Margin
-15.44%
-16.26%
-36.52%
-83.97%
-119.57%
-84.18%
Profit Margin
-20.32%
-20.32%
-52.17%
-118.58%
-326.8%
-73.07%
Free Cash Flow Margin
0%
0%
-19.13%
-82.05%
-81.7%
-55.12%
EBITDA
-16
-17
-40
-129
-271
-187
EBITDA Margin
-13%
-13.82%
-34.78%
-82.69%
-115.31%
-79.91%
D&A For EBITDA
3
3
2
2
10
10
EBIT
-19
-20
-42
-131
-281
-197
EBIT Margin
-15.44%
-16.26%
-36.52%
-83.97%
-119.57%
-84.18%
Effective Tax Rate
0%
0%
0%
0%
0.26%
18.26%
Follow-Up Questions
What are Blend Labs Inc's key financial statements?
According to the latest financial statement (Form-10K), Blend Labs Inc has a total asset of $170, Net loss of $-25
What are the key financial ratios for BLND?
Blend Labs Inc's Current ratio is 4.14, has a Net margin is -20.32, sales per share of $0.47.
How is Blend Labs Inc's revenue broken down by segment or geography?
Blend Labs Inc largest revenue segment is Blend Platform, at a revenue of 115,762,000 in the most earnings release.For geography, United States is the primary market for Blend Labs Inc, at a revenue of 162,019,000.
Is Blend Labs Inc profitable?
no, according to the latest financial statements, Blend Labs Inc has a net loss of $-25
Does Blend Labs Inc have any liabilities?
yes, Blend Labs Inc has liability of 41
How many outstanding shares for Blend Labs Inc?
Blend Labs Inc has a total outstanding shares of 256.04