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Financials · BLND

Blend Labs Inc. (BLND) financials

For the twelve months ended Sep 30, 2026, Blend Labs Inc. reported $129.22M of revenue and -$18.32M of net income.

Revenue, TTM
$129.22M
Revenue growth, YoY
+6.5%
Net income, TTM
-$18.32M
Net margin
-14.2%
Free cash flow, TTM
$13.41M
EPS, diluted, TTM
-$0.13
Cash
$20.68M
P/S
1.82
Market cap
$234.9M
Annual revenue$123.58M
FY2019FY2025
Annual net income-$6.80M
FY2019FY2025
Annual free cash flow-$81.0K
FY2019FY2025

BLND revenue and earnings growth

BLND revenueQ3 2026$32.91M

Quarter YoY
+0.7%
QoQ
-2.7%
FY YoY
+6.8%
5Y CAGR
+5.2%

BLND revenue was $32.91M in fiscal Q3 2026 (ended Sep 30, 2026), up 0.7% from a year earlier and down 2.7% from the prior quarter. For the full fiscal 2025 it was $123.58M, up 6.8% from fiscal 2024. Compound annual growth was +5.2% over 5 years. It rose in 5 of the last 6 fiscal years.

BLND net incomeQ3 2026-$1.95M

BLND net income was -$1.95M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $12.10M a year earlier. For the full fiscal 2025 it was -$6.80M, compared with -$43.34M in fiscal 2024.

BLND EPSQ3 2026-$0.03

BLND diluted EPS was -$0.03 in fiscal Q3 2026 (ended Sep 30, 2026), compared with $0.02 a year earlier. For the full fiscal 2025 it was -$0.10, compared with -$0.24 in fiscal 2024.

BLND free cash flowQ3 2026$94.0K

QoQ
-98.7%

BLND free cash flow was $94.0K in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$5.76M a year earlier and down 98.7% from the prior quarter. For the full fiscal 2025 it was -$81.0K, compared with -$22.79M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
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
Research and development$32.84M$46.09M$81.26M$138.09M$92.22M$55.50M$48.60M
Selling, general and admin$50.12M$45.69M$61.28M$139.12M$128.80M$30.11M$26.59M
Operating income-$21.73M-$48.84M-$143.61M-$746.18M-$197.24M-$75.29M-$81.72M
Interest expense$0$6.75M$30.81M$24.79M$11.28M$0$0
Pre-tax income-$878.0K-$42.65M-$167.39M-$766.05M-$208.03M-$74.59M-$81.44M
Income tax$249.0K$109.0K$94.0K-$2.24M-$38.89M$26.0K$13.0K
Net income-$6.80M-$43.34M-$178.69M-$720.17M-$169.91M-$74.62M-$81.45M
EPS, basic-$0.10-$0.24-$0.76-$3.28-$1.30-$1.89-$2.49
EPS, diluted-$0.10-$0.24-$0.76-$3.28-$1.30-$1.89-$2.49
Diluted shares258.9M253.9M245.2M234.2M132.0M39.4M32.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$45.06M$38.01M$23.50M$124.20M$218.44M$46.29M$28.46M
Short-term investments$24.74M$56.23M$105.96M$229.95M$334.15M--
Current assets$99.80M$135.24M$169.84M$396.10M$613.02M$186.15M-
Goodwill---$0$287.23M$0-
Total assets$170.04M$178.09M$206.06M$432.76M$1.11B$215.75M-
Current liabilities$39.45M$39.02M$31.57M$35.47M$60.03M$35.03M-
Total debt$0$0$138.33M$216.80M$213.84M$0-
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

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
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$580.0K
Free cash flow-$81.0K-$22.79M-$127.66M-$192.49M-$129.39M-$66.33M-$59.52M
Investing cash flow$18.54M$45.40M$127.31M$99.43M-$633.91M-$7.92M-$65.51M
Financing cash flow-$32.59M-$21.06M-$90.96M$2.22M$933.57M$90.76M$132.67M
Share repurchases$24.87M$0$0----
Stock-based compensation$28.95M$27.94M$45.56M$109.70M$70.84M$10.12M$9.89M
Depreciation and amortization$3.29M$1.34M$1.51M$10.77M$10.61M$3.99M$4.76M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY6.8%5.7%-53.4%0.3%144.2%89.5%-
Gross margin73.8%71.9%69.8%38.1%49.5%64.3%61.4%
Operating margin-17.6%-42.2%-131.1%-317.3%-84.1%-78.4%-161.3%
Net margin-5.5%-37.4%-163.1%-306.2%-72.5%-77.7%-160.7%
Free cash flow margin-0.1%-19.7%-116.5%-81.8%-55.2%-69.1%-117.5%
Return on equity----584.7%-21.9%-45.7%-60.3%
Return on assets-4.0%-24.3%-86.7%-166.4%-15.3%-34.6%-
Current ratio2.533.475.3811.1710.215.31-
Debt to equity---1.760.280.00-

Source: XBRL data Blend Labs Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BLND peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BLND$129.22M+6.5%-$18.32M-14.2%$234.9M
GOOGL$471.10B+22.2%$235.69B50.0%$3.54T
GOOG$471.10B+22.2%$235.69B50.0%$3.52T
META$241.61B+27.5%$75.25B31.1%$1.64T
APP$7.61B+57.8%$5.01B65.9%$135.84B
NBIS$529.80M+479.0%$82.50M15.6%$38.45B
BIDUCN¥129.08B-3.0%CN¥5.59B4.3%$27.57B

BLND FAQ

9 questions
  • What is BLND revenue?
    Blend Labs Inc. (BLND) reported $129.22M of revenue for the twelve months ended Sep 30, 2026. That is up 6.5% from the year before. Revenue for fiscal 2025 was $123.58M.
  • Is BLND profitable?
    No. Blend Labs Inc. reported a net loss of $18.32M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does BLND have?
    Blend Labs Inc. reported $20.68M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is BLND revenue growing?
    Blend Labs Inc.'s revenue changed +6.8% in fiscal 2025, to $123.58M. Its compound annual growth rate was +5.2% over 5 years.
  • What is BLND gross margin?
    Blend Labs Inc.'s gross profit was $95.36M on $129.22M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 73.8%.
  • What is BLND free cash flow?
    Blend Labs Inc. generated $13.41M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $17.68M less capital expenditures.
  • What is BLND earnings per share?
    Diluted earnings per share were -$0.13 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BLND last report financial results?
    The latest statements here come from Blend Labs Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this BLND financial data come from?
    Quantisnow builds these statements from the structured XBRL data Blend Labs Inc. files with the SEC. It is provided for information only and is not investment advice.