Company research / BLND

Blend Labs, Inc. (BLND)

CIK 0001855747 · NYSE · Services-Computer Programming, Data Processing, Etc.

  • Sector Services
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Blend Labs, Inc. reported revenue of $123.58M. Revenue grew 6.8% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $129.79M.

Key ratios (year ended 2025-12-31)

73.8%
Gross margin
-17.6%
Operating margin
-5.5%
Net margin
6.8%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-21

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-12-312025-09-302025-06-302025-03-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$129.79M$123.58Mn/an/an/a$115.76M$109.55M$235.20M$234.50M$96.03M$50.67M
Cost of Revenue$32.73M$32.42Mn/an/an/a$32.54M$33.09M$145.55M$118.51M$34.29M$19.55M
Gross Profit$97.06M$91.17Mn/an/an/a$83.22M$76.46M$89.65M$115.99M$61.74M$31.12M
R&D Expense$35.61M$32.84Mn/an/an/a$46.09M$81.26M$138.09M$92.22M$55.50M$48.60M
Operating Income-$15.57M-$21.73Mn/an/an/a-$48.84M-$143.61M-$746.18M-$197.24M-$75.29M-$81.72M
Depreciation & Amortization$5.09M$3.29Mn/an/an/a$1.34M$1.51M$10.77M$10.61M$3.99M$4.76M
EBITDA-$10.47M-$18.45Mn/an/an/a-$47.51M-$142.09M-$735.41M-$186.63M-$71.30M-$76.96M
Net Income$31.0K-$6.80Mn/an/an/a-$43.34M-$178.69M-$720.17M-$169.91M-$74.62M-$81.45M
EPS (Diluted)n/a-$0.10n/an/an/a-$0.24-$0.76-$3.28-$1.30-$1.89-$2.49
Total Assets$143.57M$170.04M$188.61M$182.19M$187.47M$178.09M$206.06M$432.76M$1.11B$215.75Mn/a
Total Liabilities$48.79M$41.02M$47.22M$55.01M$58.78M$40.40M$179.12M$268.84M$301.89M$52.41Mn/a
Long-Term Debtn/a$0$0n/an/a$0$138.33M$216.80M$213.84M$0n/a
Shareholders' Equity-$74.37M-$30.47M-$13.41M-$23.05M-$17.17M-$56.36M-$19.24M$123.17M$774.64M$163.34M$134.97M
Cash & Equivalents$23.31M$43.58M$55.02M$36.50M$56.24M$38.01M$23.50M$124.20M$213.08M$41.09M$22.65M
Operating Cash Flow$13.18M$11.51Mn/an/an/a-$13.04M-$127.62M-$190.42M-$127.50M-$65.01M-$58.94M
Capital Expenditures$5.62M$11.59Mn/an/an/a$9.74M$35.0K$2.07M$1.89M$1.32Mn/a
Free Cash Flow$7.55M-$81.0Kn/an/an/a-$22.79M-$127.66M-$192.49M-$129.39M-$66.33Mn/a
Share Repurchases$57.99M$24.87Mn/an/an/a$0$0n/an/an/an/a
Shares Outstanding236.51M256.04Mn/an/an/a258.17M249.91M240.93M230.32Mn/an/a
Weighted Average Diluted Sharesn/a258.95Mn/an/an/a253.92M245.21M234.16M131.99M39.41M32.78M
EPS (Basic)n/a-$0.10n/an/an/a-$0.24-$0.76-$3.28-$1.30-$1.89-$2.49

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