Blend Labs, Inc. is a digital origination platform serving banks, credit unions, and mortgage lenders. The company is headquartered in San Francisco, California and currently employs 419 full-time employees. The company went IPO on 2021-07-16. The firm has built a cloud-based software platform and suite of products for financial services firms. From mortgages to consumer loans to deposit accounts, the Company helps financial institutions streamline workflows and deliver customer experiences. The firm has technology, data, and service providers on its software platform, including access to an extensive marketplace of insurance carriers and settlement agencies. The firm's platform also includes Blend Builder, which gives its customers the ability to easily configure or build custom workflows from a pre-built set of components, all while leveraging existing infrastructure. Financial services firms can create custom solutions with Blend Builder, or choose from pre-built solutions for Mortgage and Consumer Banking, including Home Equity, Deposit Accounts, Credit Cards, Personal Lending, Auto Lending and more.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2025
09/30/2025
06/30/2025
03/31/2025
12/31/2024
Revenue
123
32
32
31
26
41
Revenue Growth (YoY)
-24%
-22%
-28.99%
-23%
-24%
14%
Cost of Revenue
32
7
8
8
7
16
Gross Profit
91
24
24
23
18
24
Selling, General & Admin
79
19
20
20
18
17
Research & Development
32
9
8
7
7
8
Operating Expenses
112
28
29
27
25
26
Other Non Operating Income (Expenses)
4
1
0
1
1
0
Pretax Income
0
-3
12
-3
-6
0
Income Tax Expense
0
0
0
0
0
0
Net Income
-25
-8
7
-11
-14
-6
Net Income Growth
-57.99%
33%
-188%
-52%
-36%
-81%
Shares Outstanding (Diluted)
258.11
258.11
268.71
259.21
258.83
256.75
Shares Change (YoY)
1%
1%
5%
2%
3%
3%
EPS (Diluted)
-0.1
-0.03
0.02
-0.03
-0.04
-0.02
EPS Growth
-57.99%
22%
-190%
-67%
-53%
-80%
Free Cash Flow
0
0
-5
-10
15
-7
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
73.98%
75%
75%
74.19%
69.23%
58.53%
Operating Margin
-16.26%
-12.5%
-12.5%
-12.9%
-23.07%
-2.43%
Profit Margin
-20.32%
-25%
21.87%
-35.48%
-53.84%
-14.63%
Free Cash Flow Margin
0%
0%
-15.62%
-32.25%
57.69%
-17.07%
EBITDA
-17
-3
-3
-4
-6
-1
EBITDA Margin
-13.82%
-9.37%
-9.37%
-12.9%
-23.07%
-2.43%
D&A For EBITDA
3
1
1
0
0
0
EBIT
-20
-4
-4
-4
-6
-1
EBIT Margin
-16.26%
-12.5%
-12.5%
-12.9%
-23.07%
-2.43%
Effective Tax Rate
0%
0%
0%
0%
0%
0%
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 $0, Net loss of $0
What are the key financial ratios for BLND?
Blend Labs Inc's Current ratio is 0, has a Net margin is 0, sales per share of $0.
How is Blend Labs Inc's revenue broken down by segment or geography?
Blend Labs Inc largest revenue segment is Mortgage Suite, at a revenue of 69,223,000 in the most earnings release.For geography, United States is the primary market for Blend Labs Inc, at a revenue of 123,585,000.
Is Blend Labs Inc profitable?
no, according to the latest financial statements, Blend Labs Inc has a net loss of $0
Does Blend Labs Inc have any liabilities?
no, Blend Labs Inc has liability of 0
How many outstanding shares for Blend Labs Inc?
Blend Labs Inc has a total outstanding shares of 0