Blend Labs, Inc. (BLND) Financial Statements
Industry: Computer Programming, Data Processing, Etc. (Services)
In fiscal 2025, Blend Labs reported revenue of $123.6M, down 23.7% from $162.0M the year before. Net income was -$6.8M (a -5.5% net margin), or -$0.10 per diluted share. Gross margin was 73.8% and operating margin was -17.6%. Operating activities generated $11.5M of cash, leaving -$81,000 of free cash flow. At fiscal year end, Blend Labs held $170.0M in total assets against $41.0M in total liabilities, including $43.6M of cash and equivalents.
Open the full interactive Blend Labs financials → Quarterly statements, key ratios, valuation history and price charts.
Blend Labs Key Stats
| Share Price | $0.95 |
|---|---|
| Market Cap | $229.1M |
| Revenue YoY Growth | -23.7% |
| 52-Week Range | $0.95 – $3.56 |
| Shares Outstanding | 239.9 million (basic, 2026 Q2) |
Blend Labs Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $234.5M | $235.2M | $156.8M | $162.0M | $123.6M |
| Cost of Goods Sold | $118.5M | $145.6M | $75.7M | $71.5M | $32.4M |
| Gross Profit | $116.0M | $89.7M | $81.1M | $90.5M | $91.2M |
| Operating Income | -$197.2M | -$746.2M | -$156.2M | -$49.6M | -$21.7M |
| Pre-Tax Income | -$208.0M | -$766.1M | -$179.8M | -$43.3M | -$878,000 |
| Income Tax | -$38.9M | -$2.2M | $94,000 | $109,000 | $249,000 |
| Net Income | -$169.9M | -$720.2M | -$178.7M | -$43.3M | -$6.8M |
| Diluted EPS | -$1.30 | -$3.28 | -$0.76 | -$0.24 | -$0.10 |
Blend Labs Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $32.9M | $32.4M | $30.8M | $33.8M |
| Net Income | $12.5M | -$3.5M | -$8.0M | -$1.5M |
| Diluted EPS | $0.02 | -$0.01 | -$0.05 | -$0.03 |
Blend Labs Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $213.1M | $124.2M | $31.0M | $42.2M | $43.6M |
| Current Assets | $613.0M | $396.1M | $169.8M | $135.2M | $97.9M |
| Total Assets | $1.11B | $432.8M | $206.1M | $178.0M | $170.0M |
| Current Liabilities | $60.0M | $35.5M | $31.6M | $38.9M | $39.5M |
| Total Long-Term Debt | $213.8M | $216.8M | $138.3M | — | — |
| Total Liabilities | $301.9M | $268.8M | $179.1M | $40.3M | $41.0M |
| Shareholders' Equity | $774.6M | $123.2M | -$19.2M | -$56.4M | -$30.5M |
Blend Labs Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$127.5M | -$190.4M | -$127.6M | -$13.0M | $11.5M |
| Cash From Investing | -$633.9M | $99.4M | $127.3M | $45.4M | $18.5M |
| Cash From Financing | $933.6M | $2.2M | -$91.0M | -$21.1M | -$32.6M |
| Free Cash Flow | -$129.2M | -$192.5M | -$128.2M | -$22.9M | -$81,000 |
Figures from Blend Labs' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Blend Labs financials page for every line item.
Blend Labs Company Profile
| Ticker | BLND |
|---|---|
| Exchange | NYSE |
| Industry | Computer Programming, Data Processing, Etc. (Services) |
| Headquarters | Novato, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001855747 |
Frequently Asked Questions
What was Blend Labs' revenue in fiscal 2025?
Blend Labs (BLND) reported revenue of $123.6M for fiscal 2025.
What is Blend Labs' annual revenue history?
Blend Labs' annual revenue by fiscal year: 2021: $234.5M; 2022: $235.2M; 2023: $156.8M; 2024: $162.0M; 2025: $123.6M.
What was Blend Labs' net income in fiscal 2025?
Blend Labs reported net income of -$6.8M for fiscal 2025.
What was Blend Labs' earnings per share (EPS) in fiscal 2025?
Blend Labs' diluted EPS was -$0.10 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Blend Labs generate in fiscal 2025?
Blend Labs generated -$81,000 of free cash flow in fiscal 2025.
What was Blend Labs' revenue last quarter?
In its most recent reported quarter (2026 Q2), Blend Labs reported revenue of $33.8M.
How many shares of Blend Labs are outstanding?
Blend Labs reported a weighted average of 239.9 million basic shares outstanding in 2026 Q2.
What is Blend Labs' market cap?
Based on its latest closing price, Blend Labs (BLND) has a market capitalization of about $229.1M.
When does Blend Labs' fiscal year end?
Blend Labs' fiscal year end, as registered with the SEC, is December 31.
Where is Blend Labs headquartered?
Blend Labs lists its business address in Novato, California in its SEC filings.