SequelSEC

Blend Labs, Inc. BLND

Services-Computer Programming, Data Processing, Etc. · CIK 0001855747 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$123.58M
Fiscal year ended 2025-12-31
Operating income
-$21.74M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Blend Labs, Inc. (BLND) reported revenue of $123.58M and net income of -$6.80M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Blend Labs, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Computer Programming, Data Processing, Etc..

Income

Blend Labs, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
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
Operating income-$21.74M-$48.84M-$143.61M-$746.18M-$197.24M-$75.29M-$81.72M
Net income-$6.80M-$43.34M-$178.69M-$720.17M-$169.91M-$74.62M-$81.45M
Research & development$32.84M$46.09M$81.26M$138.09M$92.22M$55.50M$48.60M
Weighted-average diluted sharesshares 258.95Mshares 253.92Mshares 245.21Mshares 234.16Mshares 131.98Mshares 39.41Mshares 32.78M
Pretax income-$878.00K-$42.65M-$167.39M-$766.05M-$208.03M-$74.59M-$81.44M
Income tax expense$249.00K$109.00K$94.00K-$2.24M-$38.89M$26.00K$13.00K
Diluted EPS$-0.10$-0.24$-0.76$-3.28$-1.30$-1.89$-2.49
Selling, general & administrative$79.19M$80.10M$118.75M$224.37M$212.88M$81.53M$64.25M
General & administrative$50.12M$45.69M$61.28M$139.12M$128.80M$30.11M$26.59M
Selling & marketing$29.07M$34.41M$57.47M$85.25M$84.08M$51.42M$37.66M

Balance

Blend Labs, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$45.06M$38.01M$23.50M$124.20M$213.08M$41.09M$22.65M
Total assets$170.04M$178.08M$206.06M$432.76M$1.11B$215.74MUnavailable
Current assets$99.80M$135.24M$169.84M$396.10M$613.02M$186.14MUnavailable
Total liabilities$41.02M$40.40M$179.12M$268.84M$301.90M$52.41MUnavailable
Current liabilities$39.45M$39.02M$31.57M$35.47M$60.03M$35.03MUnavailable
Total equity incl. NCI-$30.47M-$56.36M-$19.24M$123.17M$774.64M$163.34M$134.97M
Temporary (mezzanine) equity$159.50M$141.66M$0$40.75M$35.95M$0Unavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailable$0$287.23M$0Unavailable
Long-term debt$0$0$138.33M$216.80M$213.84M$0Unavailable
Accounts payable$1.86M$1.62M$2.17M$1.26M$6.16M$3.44MUnavailable

Cash flow

Blend Labs, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$11.51M-$13.04M-$127.62M-$190.42M-$127.50M-$65.01M-$58.94M
Capital expendituresUnavailableUnavailableUnavailableUnavailable$1.73M$1.31M$580.00K
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
Net change in cash-$2.54M$11.28M-$91.30M-$88.88M$172.15M$17.83M$8.21M
Stock-based compensation$28.96M$27.94M$45.56M$109.70M$70.84M$10.12M$9.89M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$24.87M$0$0UnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$3.29M$1.34M$1.52M$10.77M$10.61M$3.99M$4.76M

Derived

Blend Labs, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable-$59.52M
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%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable-117.5%
SBC / revenue23.4%24.1%41.6%46.6%30.2%10.5%19.5%
Current ratio2.53x3.47x5.38x11.17x10.21x5.31xUnavailable
Revenue YoY growth6.8%5.7%-53.4%0.3%144.2%89.5%Unavailable
Net margin-5.5%-37.4%-163.1%-306.2%-72.5%-77.7%-160.7%
R&D / revenue26.6%39.8%74.2%58.7%39.3%57.8%95.9%
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable1.1%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BLND in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-03-16View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-08View SEC filing

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2024-12-31

Difference 52375000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.

balance equationreview2023-12-31

Difference 46190000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.