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6Material company update
May 7, 2026·SEC
Material company update
Mar 10, 2026·SEC
Material company update
Mar 2, 2026·SEC
Blend Labs, Inc.(BLND)Earnings, Financials & Key Ratios
BLND•NYSE
$1.73
Price updated Jun 27, 2026
AboutBlend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. It also provides a suite of mortgage products that facilitates homeownership journey for consumers comprising close, income verification for mortgage, homeowners insurance, and realty. In addition, the company offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and professional and consulting services. It serves banks, credit unions, financial technology companies, and non-bank mortgage lenders. Blend Labs, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.Show more
- Revenue$124M-23.7%
- EBITDA-$17M+62.0%
- Net Income-$8M+83.8%
- EPS (Diluted)-0.10+58.3%
- Gross Margin73.77%+32.0%
- EBITDA Margin-13.79%+50.1%
- Operating Margin-16.88%+44.9%
- Net Margin-6.52%+78.7%
BLND Price & Volume
Blend Labs, Inc. (BLND) stock price & volume — 10-year historical chart
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Persistent Mortgage Cyclicality Challenges Financial Stability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial Position:Vulnerable
Cash Flow:Mixed
Primary Risk:Mortgage market cyclicality
"Blend Labs faces a precarious outlook as its reliance on transaction-based mortgage fees leaves it highly vulnerable to interest rate volatility, evidenced by revenue fluctuations between $23.8M and $45.2M over the last ten quarters. While management has successfully reduced SG&A expenses from $26.5M in 2023Q4 to $18.4M in 2026Q1, the company continues to struggle with structural profitability and a deteriorating equity position. Investors should monitor the recent surge in total debt to $165.6M in 2026Q1, which, combined with ongoing operational cash burn, may necessitate further dilutive capital raises to maintain liquidity."
Verdict Logic
the company's precarious liquidity position, highlighted by a $55.9M equity deficit and a sudden increase in debt to $165.6M, suggests significant solvency risks that outweigh the potential for near-term operational recovery.
BLND Growth Metrics
Blend Labs, Inc. (BLND) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years5.18%
3 Years-19.31%
TTM-10.14%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM85.19%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM54%
Return on Capital
10 Years-48.9%
5 Years-47.34%
3 Years-33.92%
Last Year-15.48%
BLND Recent Earnings
Blend Labs, Inc. (BLND) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.03-250.0%
$0.02
Rev
$31M+2.7%
$30M
Q2 2026
Mar 10, 2026Metric
Actual
Est
EPS
$0.03-400.0%
$0.01
Rev
$32M+1.9%
$32M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.03-250.0%
$0.02
Rev
$33M+3.4%
$32M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.03-250.0%
$0.02
Rev
$32M-14.1%
$37M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.03vs $0.02-250.0% | $31Mvs $30M+2.7% |
| Q2 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Blend Labs, Inc. (BLND)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1.73 | $439.17M | -17.30 | -23.72% | -6.52% | — | — | |
| $2.18 | $339.09M | 18.17 | 65.83% | 2.14% | 4.07% | — | |
| $25.67 | $402.23M | -2.37 | 59.41% | -91.86% | -428.29% | — | |
| $86.08 | $4.49B | 9.26 | 173.81% | 14.31% | 12.02% | — | |
| $20.01 | $439.06M | 12.83 | 60.87% | 9.71% | 10.27% | — | |
| $123.86 | $70.04B | 21.47 | 7.46% | 29.98% | 13.54% | — |
Compare BLND vs Peers
Blend Labs, Inc. (BLND) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BLND SEC Filings & Documents
Blend Labs, Inc. (BLND) SEC filings — annual & quarterly reports (10-K, 10-Q)
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BLND Frequently Asked Questions
Blend Labs, Inc. (BLND) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Blend Labs, Inc.'s revenue?
Blend Labs, Inc. (BLND) reported $127.7M in revenue for fiscal year 2025. This represents a 152% increase from $50.7M in 2019.
How fast is Blend Labs, Inc. growing?
Blend Labs, Inc. (BLND) saw revenue decline by 23.7% over the past year.
Is BLND profitable?
Blend Labs, Inc. (BLND) reported a net loss of $5.6M for fiscal year 2025.
Dividend & Returns
What is Blend Labs, Inc.'s free cash flow?
Blend Labs, Inc. (BLND) had negative free cash flow of $9.6M in fiscal year 2025, likely due to heavy capital investments.