Blend Labs, Inc. (BLND)
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- Incorporated DE
- Fiscal year ends Dec 31
In fiscal 2025, Blend Labs, Inc. reported revenue of $123.58M, up 6.8% from the prior year. The company ran a net loss, with a net margin of -5.5% and a gross margin of 73.8%. It held $170.04M in total assets against $41.02M in total liabilities.
Key ratios (FY2025)
73.8%
Gross margin
-17.6%
Operating margin
-5.5%
Net margin
+6.8%
Revenue growth (YoY)
| Metric (FY) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $123.58M | $115.76M | $109.55M | $235.20M | $234.50M | $96.03M | $50.67M | — |
| Cost of Revenue | $32.42M | $32.54M | $33.09M | $145.55M | $118.51M | $34.29M | $19.55M | — |
| Gross Profit | $91.17M | $83.22M | $76.46M | $89.65M | $115.99M | $61.74M | $31.12M | — |
| Operating Income | -$21.73M | -$48.84M | -$143.61M | -$746.18M | -$197.24M | -$75.29M | -$81.72M | — |
| Net Income | -$6.80M | -$43.34M | -$178.69M | -$720.17M | -$169.91M | -$74.62M | -$81.45M | — |
| EPS (Diluted) | $-0.10 | $-0.24 | $-0.76 | $-3.28 | $-1.30 | $-1.89 | $-2.49 | — |
| Total Assets | $170.04M | $178.09M | $206.06M | $432.76M | $1.11B | $215.75M | — | — |
| Total Liabilities | $41.02M | $40.40M | $179.12M | $268.84M | $301.89M | $52.41M | — | — |
| Shareholders' Equity | -$30.47M | -$56.36M | -$19.24M | $123.17M | $774.64M | $163.34M | $134.97M | $71.29M |
| Cash & Equivalents | $43.58M | $38.01M | $23.50M | $124.20M | $213.08M | $41.09M | $22.65M | — |
| Operating Cash Flow | $11.51M | -$13.04M | -$127.62M | -$190.42M | -$127.50M | -$65.01M | -$58.94M | — |
| Capital Expenditures | $11.59M | $9.74M | $35.0K | $2.07M | $1.89M | $1.32M | — | — |
| Shares Outstanding | 258.95M | 253.92M | 245.21M | 234.16M | 131.99M | 39.41M | 32.78M | — |