Blend Labs, Inc.
Blend Labs, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 23 | 37 | 44 | 55 | 36 | 56 | 38 | 51 | 42 | 78 | 31 | 85 | |||||
Short Term Investments | 22 | 22 | 25 | 22 | 52 | 49 | 56 | 62 | 67 | 44 | 106 | 160 | |||||
Accounts And Other Receivables Net Current | 14 | 18 | 9 | 12 | 15 | 11 | 15 | 16 | 20 | 18 | 18 | 20 | |||||
Prepaid Expense And Other Assets Current | 17 | 16 | 15 | 20 | 17 | 16 | 17 | 14 | 10 | 13 | 15 | 19 | |||||
Assets Of Disposal Group Including Discontinued Op… | 0 | 0 | 6 | 6 | 6 | 9 | 10 | - | - | - | - | - | |||||
Assets Current | 76 | 93 | 98 | 116 | 127 | 140 | 135 | 146 | 143 | 160 | 170 | 283 | |||||
Property Plant And Equipment Net | 22 | 23 | 23 | 23 | 21 | 17 | 12 | 10 | 8 | 6 | 4 | 4 | |||||
Operating Lease Right Of Use Asset | 2 | 1 | 1 | 2 | 2 | 0 | 0 | 2 | 8 | 8 | 9 | 9 | |||||
Intangible Assets Net Excluding Goodwill | - | - | - | 0 | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Capitalized Contract Cost Net Noncurrent | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | |||||
Restricted Cash Noncurrent | - | - | - | - | - | - | - | 7 | 7 | 7 | 7 | 7 | |||||
Other Assets Noncurrent | 41 | 41 | 41 | 43 | 26 | 22 | 22 | 17 | 16 | 16 | 19 | 10 | |||||
Disposal Group Including Discontinued Operation As… | 0 | 0 | 3 | 3 | 4 | 6 | 6 | - | - | - | - | - | |||||
Assets | 144 | 161 | 170 | 190 | 183 | 188 | 178 | 186 | 185 | 202 | 206 | 318 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 0 | 0 | 2 | 1 | 1 | 3 | 2 | 2 | 1 | 2 | 2 | 2 | |||||
Contract With Customer Liability Current | 31 | 34 | 19 | 25 | 33 | 33 | 19 | 20 | 21 | 22 | 9 | 10 | |||||
Employee Related Liabilities Current | 4 | 4 | 5 | 5 | 3 | 4 | 3 | 6 | 3 | 5 | 6 | 10 | |||||
Other Liabilities Current | 11 | 13 | 9 | 9 | 10 | 11 | 10 | 17 | 16 | 14 | 15 | 15 | |||||
Liabilities Of Disposal Group Including Discontinu… | 0 | 0 | 5 | 6 | 6 | 7 | 5 | - | - | - | - | - | |||||
Operating Lease Liability Noncurrent | - | - | 1 | - | - | - | 0 | 1 | 5 | 6 | 7 | 8 | |||||
Liabilities Current | 47 | 51 | 39 | 46 | 53 | 58 | 39 | 45 | 42 | 43 | 32 | 37 | |||||
Long Term Debt | - | - | 0 | - | - | - | 0 | 0 | 0 | 139 | 138 | 219 | |||||
Other Liabilities Noncurrent | 2 | 1 | 1 | 1 | 2 | 0 | 0 | 1 | 2 | 2 | 2 | 3 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | - | 0 | 0 | 1 | 1 | 1 | - | - | - | - | - | |||||
Liabilities | 49 | 53 | 41 | 47 | 55 | 59 | 40 | 47 | 48 | 190 | 179 | 267 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | - | - | 0 | 0 | 0 | 0 | 52 | 51 | 49 | 48 | 46 | 45 | |||||
Preferred Stock Value | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Temporary Equity Carrying Amount Attributable To P… | 169 | 164 | 159 | 155 | 150 | 146 | 142 | 137 | 133 | - | 0 | - | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 1,326 | 1,343 | 1,361 | 1,375 | 1,378 | 1,377 | 1,328 | 1,334 | 1,336 | 1,326 | 1,322 | 1,318 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | -0 | |||||
Retained Earnings Accumulated Deficit | -1,401 | -1,400 | -1,392 | -1,388 | -1,401 | -1,394 | -1,385 | -1,384 | -1,382 | -1,362 | -1,342 | -1,311 | |||||
Stockholders Equity | -74 | -56 | -30 | -12 | -23 | -17 | -56 | -50 | -45 | -36 | -19 | 6 | |||||
Liabilities And Stockholders Equity | 144 | 161 | 170 | 190 | 183 | 188 | 178 | 186 | 185 | 202 | 206 | 318 | |||||
Redeemable Convertible Preferred Stock | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11 | 11 | 0 | - | |||||
Common Class A | - | 239 | 0 | 0 | 1 | 255 | 0 | 3 | 7 | 243 | 0 | 3 | |||||
Common Class B | - | 3 | 0 | 0 | -0 | 4 | 0 | -1 | -5 | 9 | 0 | -0 | |||||
Common Class C | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Allowance For Doubtful Accounts Receivable Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | - | - | - | - | - | - | - | - | - | 200 | 200 | 200 | |||||
Preferred Stock Shares Issued | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Temporary Equity Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | - | |||||
Common Stock Shares Authorized | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |||||
Common Stock Shares Issued | 237 | 247 | 256 | 260 | 260 | 259 | 258 | 256 | 254 | 252 | 250 | 248 | |||||
Shares Outstanding | 237 | 247 | 256 | 260 | 260 | 259 | 258 | 256 | 254 | 252 | 250 | 248 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.49% | 6.79% | 4.32% | - | - | - | - | - | - | - | - | - |
| 2025 | 11.25% | -0.30% | 10.03% | 1.40% | 5.32% | -0.28% | 5.69% | 2.01% | -6.35% | -3.40% | -6.12% | 10.20% |
| 2024 | 16.53% | 0.00% | 29.66% | 36.43% | 45.35% | 24.54% | 32.38% | 11.14% | -4.15% | -0.57% | -5.16% | 4.87% |
| 2023 | - | - | - | -6.56% | 12.30% | -1.64% | -8.78% | 72.30% | 71.62% | 28.09% | -1.28% | 17.02% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.62 | 1.81 | 2.48 | 2.54 | 2.40 | 2.41 | 3.47 | 3.24 | 3.43 | 3.75 | 5.38 | 7.69 | |||||
| Quick Ratio | 1.27 | 1.49 | 2.10 | 2.10 | 2.08 | 2.13 | 3.04 | 2.93 | 3.18 | 3.44 | 4.92 | 7.19 | |||||
| Working Capital | 29.18M | 41.65M | 58.41M | 70.32M | 74.09M | 81.85M | 96.22M | 101.16M | 101.00M | 116.97M | 138.26M | 246.38M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -0.66 | -0.95 | -1.35 | -3.78 | -2.40 | -3.45 | -0.72 | -0.96 | -1.06 | -5.31 | -9.31 | 42.48 | |||||
| Interest Coverage TTM | - | - | - | - | - | -21.60 | -7.24 | -4.88 | -4.19 | -4.09 | -5.07 | -6.74 | |||||
| Debt Ratio | 0.34 | 0.33 | 0.24 | 0.25 | 0.30 | 0.31 | 0.23 | 0.26 | 0.26 | 0.94 | 0.87 | 0.84 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.79 | 0.73 | 0.71 | 0.65 | 0.66 | 0.61 | 0.60 | 0.48 | 0.48 | 0.49 | 0.49 | 0.40 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.04 | -0.04 | -0.03 | 0.01 | -0.05 | -0.12 | -0.17 | -0.35 | -0.48 | -0.56 | -0.76 | -1.08 | |||||
| Free Cash Flow Per Share TTM | 0.07 | -0.04 | -0.01 | -0.09 | -0.08 | -0.00 | -0.09 | -0.14 | -0.24 | -0.35 | -0.52 | -0.63 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 74.78% | 74.88% | 73.77% | 73.40% | 73.29% | 72.56% | 71.89% | 66.21% | 60.49% | 56.73% | 51.73% | 46.36% | |||||
| Operating Profit Margin TTM | -11.99% | -14.75% | -17.59% | -17.28% | -22.48% | -29.98% | -42.19% | -55.39% | -71.47% | -80.93% | -99.60% | -128.12% | |||||
| Net Profit Margin TTM | -7.28% | -7.75% | -5.50% | 1.70% | -11.64% | -26.03% | -37.44% | -72.71% | -94.43% | -98.54% | -118.15% | -163.36% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 6.65% | 7.42% | 6.76% | -0.24% | -5.83% | -17.15% | -26.19% | -25.55% | -27.52% | -28.69% | -33.31% | -46.43% | |||||
| Net Income Growth (1Y) | -33.33% | -68.03% | -84.31% | -102.33% | -88.39% | -78.11% | -76.61% | -66.86% | -66.04% | -81.36% | -75.74% | -63.95% | |||||
| EPS Growth (1Y) | -27.97% | -67.63% | -84.61% | -102.28% | -88.67% | -78.78% | -77.41% | -67.97% | -67.22% | -82.07% | -76.83% | -65.58% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -43.44 | -43.98 | -115.75 | 460.03 | -60.38 | -28.05 | -24.66 | -10.80 | -4.89 | -5.77 | -3.37 | -1.26 | |||||
| P/B TTM | -5.52 | -7.77 | -25.83 | -75.90 | -37.10 | -50.49 | -18.97 | -19.27 | -13.13 | -22.80 | -32.49 | 53.65 | |||||
| P/S TTM | 3.16 | 3.41 | 6.37 | 7.80 | 7.03 | 7.30 | 9.23 | 7.85 | 4.62 | 5.69 | 3.99 | 2.06 | |||||
| Market Cap | 410.24M | 434.57M | 787.20M | 947.65M | 855.40M | 867.09M | 1.07B | 955.91M | 597.24M | 815.53M | 625.28M | 337.58M | |||||
| Enterprise Value | 385.00M | 397.14M | 743.63M | 887.61M | 818.90M | 805.82M | 1.03B | 900.32M | 555.48M | 871.78M | 725.36M | 464.74M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 16.54M | -11.08M | -1.51M | -24.38M | -19.96M | -1.15M | -22.79M | -36.47M | -61.04M | -87.08M | -128.21M | -155.23M | |||||
| Net Debt | -25.25M | -37.43M | -43.58M | -60.04M | -36.50M | -61.27M | -43.03M | -55.59M | -41.76M | 56.25M | 100.08M | 127.16M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
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| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
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| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| EV EBITDA TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Blend Labs, Inc. (BLND) — SEC Financial Statements & Analysis
Blend Labs, Inc. (BLND) is a services-computer programming, data processing, etc. company, incorporated in DE. Blend Labs, Inc. trades on NYSE as: BLND. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Blend Labs, Inc. reported a 6.65% year-over-year revenue growth, a Gross Profit Margin of 74.78% (TTM), a Debt-to-Equity ratio of -0.66x, a Price-to-Sales (P/S) ratio of 3.16x (TTM), a Price-to-Book (P/B) ratio of -5.52x (TTM), at a market cap of $410.24M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 6.65%
- Gross Profit Margin TTM
- 74.78%
- Debt To Equity
- -0.66x
- P/S TTM
- 3.16x
- P/B TTM
- -5.52x
- Market Cap
- $410.24M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Blend Labs, Inc. in?
Blend Labs, Inc. (BLND) operates in the Services-Computer Programming, Data Processing, Etc. industry.
What is BLND's market cap?
Blend Labs, Inc. (BLND) has a market capitalization of $410.24M as of 2026-06-30.
What exchange does BLND trade on?
Blend Labs, Inc. (BLND) trades on the NYSE.
Where is Blend Labs, Inc. incorporated?
Blend Labs, Inc. is incorporated in DE.