BLND
Blend Labs Inc
NYSE: BLND · TECHNOLOGY · SOFTWARE - APPLICATION
$1.46
+2.82% today
Updated 2026-04-30
Market cap
$375.39M
P/E ratio
—
P/S ratio
3.04x
EPS (TTM)
$-0.07
Dividend yield
—
52W range
$1 – $4
Volume
3.9M
Blend Labs Inc (BLND) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $50.67M | $96.03M | $234.50M | $235.20M | $156.85M | $162.02M | $123.51M |
| Revenue growth (YoY) | — | +89.5% | +144.2% | +0.3% | -33.3% | +3.3% | -23.8% |
| Cost of revenue | $19.55M | $34.29M | $118.51M | $145.55M | $75.71M | $71.47M | $32.42M |
| Gross profit | $31.12M | $61.74M | $115.99M | $89.65M | $81.14M | $90.54M | $91.09M |
| Gross margin | 61.4% | 64.3% | 49.5% | 38.1% | 51.7% | 55.9% | 73.8% |
| R&D | $48.60M | $55.50M | $92.22M | $138.09M | $81.59M | $46.09M | $32.84M |
| SG&A | $26.59M | $30.11M | $128.80M | $139.12M | $70.69M | $50.56M | $50.12M |
| Operating income | $-81.72M | $-75.29M | $-197.24M | $-746.18M | $-156.22M | $-49.62M | $-20.94M |
| Operating margin | -161.3% | -78.4% | -84.1% | -317.3% | -99.6% | -30.6% | -17.0% |
| EBITDA | $-76.67M | $-68.24M | $-182.94M | $-726.85M | $-143.21M | $-31.74M | $-17.12M |
| EBITDA margin | -151.3% | -71.1% | -78.0% | -309.0% | -91.3% | -19.6% | -13.9% |
| EBIT | $-81.44M | $-74.59M | $-196.75M | $-741.26M | $-148.97M | $-36.56M | $-20.94M |
| Interest expense | $283000.00 | $700000.00 | $11.28M | $24.79M | $30.81M | $6.75M | $0.00 |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-81.45M | $-74.62M | $-171.34M | $-768.61M | $-185.32M | $-49.60M | $-6.80M |
| Net income growth (YoY) | — | +8.4% | -129.6% | -348.6% | +75.9% | +73.2% | +86.3% |
| Profit margin | -160.7% | -77.7% | -73.1% | -326.8% | -118.2% | -30.6% | -5.5% |