8-K Announcements
6May 7, 2026·SEC
Mar 10, 2026·SEC
Mar 2, 2026·SEC
Blend Labs, Inc. (BLND) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Blend Labs, Inc. (BLND) stock price & volume — 10-year historical chart
Blend Labs, Inc. (BLND) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Blend Labs, Inc. (BLND) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 10, 2026 | $0.03vs $0.01-400.0% | $32Mvs $32M+1.9% |
| Q4 2025 | Nov 6, 2025 | $0.03vs $0.02-250.0% | $33Mvs $32M+3.4% |
| Q3 2025 | Aug 7, 2025 | $0.03vs $0.02-250.0% | $32Mvs $37M-14.1% |
| Q2 2025 | May 8, 2025 | $0.01vs $0.01+0.0% | $27Mvs $32M-16.2% |
Blend Labs, Inc. (BLND) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison
Blend Labs, Inc. (BLND) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Blend Labs, Inc. (BLND) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 50.67M | 96.03M | 234.5M | 235.2M | 156.85M | 162.02M | 123.51M | 127.59M |
| Revenue Growth % | - | 89.51% | 144.19% | 0.3% | -33.31% | 3.3% | -23.77% | -10.18% |
| Cost of Goods Sold | 19.55M | 34.29M | 118.51M | 145.55M | 75.71M | 71.47M | 32.42M | 32.08M |
| COGS % of Revenue | 38.58% | 35.71% | 50.54% | 61.88% | 48.27% | 44.12% | 26.25% | - |
| Gross Profit | 31.12M▲ 0% | 61.74M▲ 98.4% | 115.99M▲ 87.9% | 89.65M▼ 22.7% | 81.14M▼ 9.5% | 90.54M▲ 11.6% | 91.09M▲ 0.6% | 95.5M▲ 0% |
| Gross Margin % | 61.42% | 64.29% | 49.46% | 38.12% | 51.73% | 55.88% | 73.75% | 74.84% |
| Gross Profit Growth % | - | 98.37% | 87.87% | -22.71% | -9.5% | 11.6% | 0.6% | - |
| Operating Expenses | 112.85M | 137.03M | 313.23M | 835.83M | 237.36M | 140.16M | 112.03M | 113.14M |
| OpEx % of Revenue | 222.7% | 142.7% | 133.58% | 355.37% | 151.33% | 86.51% | 90.71% | - |
| Selling, General & Admin | 64.25M | 81.53M | 212.88M | 224.37M | 130.82M | 86.61M | 79.19M | 79.13M |
| SG&A % of Revenue | 126.8% | 84.9% | 90.78% | 95.39% | 83.41% | 53.45% | 64.12% | - |
| Research & Development | 48.6M | 55.5M | 92.22M | 138.09M | 81.59M | 46.09M | 32.84M | 34.08M |
| R&D % of Revenue | 95.91% | 57.8% | 39.33% | 58.71% | 52.02% | 28.45% | 26.59% | - |
| Other Operating Expenses | 0 | 0 | 8.14M | 473.37M | 24.95M | 7.47M | 0 | -60K |
| Operating Income | -81.72M▲ 0% | -75.29M▲ 7.9% | -197.24M▼ 162.0% | -746.18M▼ 278.3% | -156.22M▲ 79.1% | -49.62M▲ 68.2% | -20.94M▲ 57.8% | -18.2M▲ 0% |
| Operating Margin % | -161.28% | -78.4% | -84.11% | -317.25% | -99.6% | -30.63% | -16.96% | -14.26% |
| Operating Income Growth % | - | 7.87% | -161.97% | -278.31% | 79.06% | 68.24% | 57.79% | - |
| EBITDA | -76.96M | -68.94M | -183.43M | -731.76M | -150.46M | -44.8M | -17.12M | -14.86M |
| EBITDA Margin % | -151.88% | -71.8% | -78.22% | -311.12% | -95.93% | -27.65% | -13.86% | -11.65% |
| EBITDA Growth % | - | 10.41% | -166.05% | -298.94% | 79.44% | 70.22% | 61.78% | 53% |
| D&A (Non-Cash Add-back) | 4.76M | 6.35M | 13.81M | 14.42M | 5.76M | 4.82M | 3.82M | 3.33M |
| EBIT | -81.44M | -74.59M | -196.75M | -741.26M | -148.97M | -36.56M | -20.94M | -14.36M |
| Net Interest Income | 0 | 1M | -11.28M | -24.79M | -30.81M | -6.75M | 0 | 0 |
| Interest Income | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 11.28M | 24.79M | 30.81M | 6.75M | 0 | 0 |
| Other Income/Expense | 283K | 700K | -10.79M | -19.87M | -23.56M | 6.31M | 19.99M | 19.75M |
| Pretax Income | -81.44M▲ 0% | -74.59M▲ 8.4% | -208.03M▼ 178.9% | -766.05M▼ 268.2% | -179.78M▲ 76.5% | -43.31M▲ 75.9% | -878K▲ 98.0% | 1.56M▲ 0% |
| Pretax Margin % | -160.72% | -77.68% | -88.71% | -325.7% | -114.63% | -26.73% | -0.71% | 1.22% |
| Income Tax | 13K | 26K | -38.89M | -2.24M | 94K | 109K | 249K | 156K |
| Effective Tax Rate % | -0.02% | -0.03% | 18.69% | 0.29% | -0.05% | -0.25% | -28.36% | 10.02% |
| Net Income | -81.45M▲ 0% | -74.62M▲ 8.4% | -171.34M▼ 129.6% | -768.61M▼ 348.6% | -185.32M▲ 75.9% | -49.6M▲ 73.2% | -6.8M▲ 86.3% | -9.47M▲ 0% |
| Net Margin % | -160.75% | -77.7% | -73.07% | -326.79% | -118.15% | -30.62% | -5.51% | -7.43% |
| Net Income Growth % | - | 8.39% | -129.63% | -348.58% | 75.89% | 73.23% | 86.29% | 75.04% |
| Net Income (Continuing) | -81.45M | -74.62M | -169.14M | -763.81M | -179.88M | -43.42M | -1.13M | -6.42M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | -5.86M | -1.05M |
| Minority Interest | 0 | 0 | 35.95M | 40.75M | 46.19M | 52.38M | 0 | 0 |
| EPS (Diluted) | -0.37▲ 0% | -0.34▲ 8.1% | -0.74▼ 117.6% | -3.28▼ 343.2% | -0.76▲ 76.8% | -0.24▲ 68.4% | -0.10▲ 58.3% | -0.04▲ 0% |
| EPS Growth % | - | 8.11% | -117.65% | -343.24% | 76.83% | 68.42% | 58.33% | 58.81% |
| EPS (Basic) | -0.37 | -0.34 | -0.74 | -3.28 | -0.76 | -0.24 | -0.10 | - |
| Diluted Shares Outstanding | 219.59M | 219.59M | 230.32M | 234.16M | 245.21M | 253.92M | 258.95M | 255.63M |
| Basic Shares Outstanding | 219.59M | 219.59M | 230.32M | 234.16M | 245.21M | 253.92M | 258.95M | 255.63M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Blend Labs, Inc. (BLND) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 144.85M | 186.15M | 613.02M | 396.1M | 169.84M | 135.17M | 97.86M | 93.1M |
| Cash & Short-Term Investments | 127.27M | 151.72M | 547.23M | 354.15M | 136.92M | 98.48M | 68.32M | 59.04M |
| Cash Only | 22.65M | 41.09M | 213.08M | 124.2M | 30.96M | 42.24M | 43.58M | 37.43M |
| Short-Term Investments | 104.62M | 110.63M | 334.15M | 229.95M | 105.96M | 56.23M | 24.74M | 21.61M |
| Accounts Receivable | 10.84M | 24.22M | 39.44M | 23.97M | 19.94M | 19.9M | 14.05M | 17.88M |
| Days Sales Outstanding | 78.07 | 92.05 | 61.38 | 37.2 | 46.4 | 44.84 | 41.53 | 41.66 |
| Inventory | 3.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 72.32 | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 6.08M | 7.85M | 5.82M | 2.89M | 7.9M | 15.49M | 16.18M |
| Total Non-Current Assets | 16.45M | 29.6M | 499.47M | 36.67M | 36.23M | 42.84M | 72.18M | 68.16M |
| Property, Plant & Equipment | 2.96M | 17.28M | 20.87M | 17.41M | 12.51M | 13.79M | 24.39M | 23.89M |
| Fixed Asset Turnover | 17.11x | 5.56x | 11.24x | 13.51x | 12.54x | 11.75x | 5.06x | 5.33x |
| Goodwill | 0 | 0 | 287.23M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.14M | 1.21M | 173.01M | 2.13M | 2.11M | 2.08M | 0 | 0 |
| Long-Term Investments | 5.2M | 0 | 0 | 0 | 5.38M | 9.8M | 40.07M | 84.25M |
| Other Non-Current Assets | 9.36M | 11.11M | 18.36M | 17.13M | 16.23M | 17.17M | 7.72M | 89.97M |
| Total Assets | 161.3M▲ 0% | 215.75M▲ 33.8% | 1.11B▲ 415.6% | 432.76M▼ 61.1% | 206.06M▼ 52.4% | 178.01M▼ 13.6% | 170.04M▼ 4.5% | 161.26M▲ 0% |
| Asset Turnover | 0.31x | 0.45x | 0.21x | 0.54x | 0.76x | 0.91x | 0.73x | 0.73x |
| Asset Growth % | - | 33.75% | 415.65% | -61.1% | -52.38% | -13.61% | -4.48% | -18.23% |
| Total Current Liabilities | 21.73M | 35.03M | 60.03M | 35.47M | 31.57M | 38.95M | 39.53M | 51.45M |
| Accounts Payable | 3.14M | 3.44M | 6.16M | 1.26M | 2.17M | 2.42M | 1.83M | 259K |
| Days Payables Outstanding | 58.71 | 36.59 | 18.97 | 3.16 | 10.46 | 12.34 | 20.56 | 11.54 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 12.4M | 13.62M | 8.07M | 8.7M | 8.98M | 19.24M | 19.46M | 53.49M |
| Other Current Liabilities | 2.86M | 9.38M | 18.14M | 10.06M | 5.56M | 4.05M | 17.99M | 17.43M |
| Current Ratio | 6.67x | 5.31x | 10.21x | 11.17x | 5.38x | 3.47x | 2.48x | 2.48x |
| Quick Ratio | 6.49x | 5.31x | 10.21x | 11.17x | 5.38x | 3.47x | 2.48x | 2.48x |
| Cash Conversion Cycle | 91.68 | - | - | - | - | - | - | 30.12 |
| Total Non-Current Liabilities | 4.6M | 17.38M | 241.87M | 233.37M | 147.54M | 143.04M | 161.06M | 1.5M |
| Long-Term Debt | 0 | 0 | 213.84M | 216.8M | 138.33M | 0 | 159.5M | 0 |
| Capital Lease Obligations | 0 | 14M | 14.61M | 11.09M | 6.98M | 801K | 1.22M | 3.95M |
| Deferred Tax Liabilities | 0 | 0 | 2.86M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.6M | 3.38M | 10.55M | 5.48M | 2.23M | 142.24M | 346K | 3.35M |
| Total Liabilities | 26.33M | 52.41M | 301.89M | 268.84M | 179.12M | 181.99M | 200.6M | 52.95M |
| Total Debt | 0 | 16.58M | 232.31M | 231.98M | 149.69M | 3.83M | 160.97M | 0 |
| Net Debt | -22.65M | -24.51M | 19.22M | 107.78M | 118.73M | -38.41M | 117.39M | -37.43M |
| Debt / Equity | - | 0.10x | 0.29x | 1.42x | 5.56x | - | - | -0.00x |
| Debt / EBITDA | - | - | - | - | - | - | - | -0.00x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 2.52x |
| Interest Coverage | - | - | -17.44x | -29.90x | -4.84x | -5.42x | - | - |
| Total Equity | 134.97M▲ 0% | 163.34M▲ 21.0% | 810.59M▲ 396.3% | 163.92M▼ 79.8% | 26.95M▼ 83.6% | -3.98M▼ 114.8% | -30.55M▼ 667.4% | -55.91M▲ 0% |
| Equity Growth % | - | 21.02% | 396.27% | -79.78% | -83.56% | -114.77% | -667.45% | -902.82% |
| Book Value per Share | 0.61 | 0.74 | 3.52 | 0.70 | 0.11 | -0.02 | -0.12 | -0.22 |
| Total Shareholders' Equity | 134.97M | 163.34M | 774.64M | 123.17M | -19.24M | -56.36M | -30.55M | -55.91M |
| Common Stock | 1K | 1K | 2K | 2K | 2K | 2K | 2K | 2K |
| Retained Earnings | -198.24M | -272.85M | -442.76M | -1.16B | -1.34B | -1.38B | -1.39B | -1.4B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 93K | -5K | -808K | -708K | 441K | 602K | 597K | 663K |
| Minority Interest | 0 | 0 | 35.95M | 40.75M | 46.19M | 52.38M | 0 | 0 |
Blend Labs, Inc. (BLND) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -58.94M | -65.01M | -127.5M | -190.42M | -127.62M | -13.04M | 11.51M | 11.51M |
| Operating CF Margin % | -116.32% | -67.7% | -54.37% | -80.96% | -81.37% | -8.05% | 9.32% | - |
| Operating CF Growth % | - | -10.31% | -96.12% | -49.34% | 32.98% | 89.78% | 188.26% | -200.77% |
| Net Income | -81.45M | -74.62M | -169.14M | -763.81M | -179.88M | -43.42M | -25.97M | -9.47M |
| Depreciation & Amortization | 4.76M | 6.35M | 13.81M | 14.42M | 5.76M | 4.82M | 3.82M | 5.22M |
| Stock-Based Compensation | 9.89M | 10.12M | 70.84M | 109.7M | 46.02M | 28.08M | 28.95M | 29.59M |
| Deferred Taxes | 0 | 0 | -39.31M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 3.8M | 4.37M | 9.36M | 453.76M | 4.73M | -4.41M | 7.43M | -6.07M |
| Working Capital Changes | 4.06M | -11.23M | -13.07M | -4.48M | -4.25M | 1.89M | -2.73M | -22.71M |
| Change in Receivables | 301K | -12.17M | -5.84M | 12.29M | 4.27M | 918K | 5.76M | 1.85M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 2.58M | 293K | 1.56M | -4.9M | 910K | -67K | 206K | -2.44M |
| Cash from Investing | -65.51M | -7.92M | -633.91M | 99.43M | 127.31M | 45.4M | 18.54M | 18.2M |
| Capital Expenditures | -580K | -1.32M | -1.89M | -2.07M | -587K | -9.84M | -11.59M | -8.68M |
| CapEx % of Revenue | 1.14% | 1.38% | 0.8% | 0.88% | 0.37% | 6.08% | 9.39% | - |
| Acquisitions | 0 | 0 | -400.01M | 0 | 0 | 9.07M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -40K | 0 | -3M | 0 | -2.5M | -5.28M | 18.89M | 33.4M |
| Cash from Financing | 132.67M | 90.76M | 933.57M | 2.22M | -90.96M | -21.06M | -32.59M | -27.41M |
| Debt Issued (Net) | 4.99M | 0 | 221.67M | 0 | -85.06M | -144.5M | 0 | 0 |
| Equity Issued (Net) | 124.65M | 76.25M | 676.51M | -391K | 268K | 149.38M | -23.22M | -21.44M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -391K | 0 | 0 | -24.87M | -22.3M |
| Other Financing | 3.03M | 14.51M | 35.39M | 2.61M | -6.17M | -25.94M | -9.37M | -5.97M |
| Net Change in Cash | 8.21M▲ 0% | 17.83M▲ 117.0% | 172.15M▲ 865.7% | -88.88M▼ 151.6% | -91.3M▼ 2.7% | 11.28M▲ 112.4% | -3.69M▼ 132.7% | -27.25M▲ 0% |
| Free Cash Flow | -59.56M▲ 0% | -66.33M▼ 11.4% | -129.39M▼ 95.1% | -192.49M▼ 48.8% | -128.21M▲ 33.4% | -22.89M▲ 82.1% | -81K▲ 99.6% | -8.54M▲ 0% |
| FCF Margin % | -117.54% | -69.08% | -55.18% | -81.84% | -81.74% | -14.13% | -0.07% | -6.69% |
| FCF Growth % | - | -11.38% | -95.06% | -48.76% | 33.39% | 82.15% | 99.65% | -589.74% |
| FCF per Share | -0.27 | -0.30 | -0.56 | -0.82 | -0.52 | -0.09 | -0.00 | -0.00 |
| FCF Conversion (FCF/Net Income) | 0.72x | 0.87x | 0.74x | 0.25x | 0.69x | 0.26x | -1.69x | 0.90x |
| Interest Paid | 0 | 0 | 6.43M | 25.06M | 27.81M | 6.15M | 0 | 0 |
| Taxes Paid | 8K | 26K | 884K | 276K | 107K | 76K | 389K | 256K |
Blend Labs, Inc. (BLND) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -50.03% | -35.19% | -157.74% | -194.19% | -431.98% | - | -20.65% |
| Return on Invested Capital (ROIC) | -44.97% | -30.54% | -101.61% | -56.14% | -72.06% | -70.67% | -70.67% |
| Gross Margin | 64.29% | 49.46% | 38.12% | 51.73% | 55.88% | 73.75% | 74.84% |
| Net Margin | -77.7% | -73.07% | -326.79% | -118.15% | -30.62% | -5.51% | -7.43% |
| Debt / Equity | 0.10x | 0.29x | 1.42x | 5.56x | - | - | -0.00x |
| Interest Coverage | - | -17.44x | -29.90x | -4.84x | -5.42x | - | - |
| FCF Conversion | 0.87x | 0.74x | 0.25x | 0.69x | 0.26x | -1.69x | 0.90x |
| Revenue Growth | 89.51% | 144.19% | 0.3% | -33.31% | 3.3% | -23.77% | -10.18% |
Blend Labs, Inc. (BLND) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 7, 2026·SEC
Mar 10, 2026·SEC
Mar 2, 2026·SEC
Blend Labs, Inc. (BLND) stock FAQ — growth, dividends, profitability & financials explained
Blend Labs, Inc. (BLND) reported $127.6M in revenue for fiscal year 2025. This represents a 152% increase from $50.7M in 2019.
Blend Labs, Inc. (BLND) saw revenue decline by 23.8% over the past year.
Blend Labs, Inc. (BLND) reported a net loss of $9.5M for fiscal year 2025.
Blend Labs, Inc. (BLND) had negative free cash flow of $8.5M in fiscal year 2025, likely due to heavy capital investments.
Blend Labs, Inc. (BLND) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates