SequelSEC

Blend Labs, Inc. BLND

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

AnnualQuarterlyTTM
Revenue
$121.29M
Fiscal year ended 2025-09-30
Operating income
-$21.42M
Fiscal year ended 2025-09-30
Free cash flow
Unavailable
Fiscal year ended 2025-09-30

Valuation, from the filing

Public float$696.50MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float / revenue5.6×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Services-Computer Programming, Data Processing, Etc. filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
SBC / revenue23.4%83th
R&D / revenue26.6%72th
Current ratio2.53x69th
Gross margin73.8%60th
Operating margin-17.6%41th
Revenue YoY growth6.8%59th
Net margin-5.5%51th

Blend Labs, Inc. (BLND) reported revenue of $121.29M and net income of -$5.09M for the fiscal year ended 2025-09-30. This page shows 1 annual period 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.
Metric2025-09-30
Revenue$121.29M
Cost of revenue$32.32M
Gross profit$88.97M
Operating income-$21.42M
Net income-$5.09M
Research & development$32.89M
Weighted-average diluted sharesUnavailable
Pretax income-$878.00K
Income tax expense$114.00K
Diluted EPSUnavailable
Selling, general & administrative$76.57M
General & administrative$48.38M
Selling & marketing$28.19M

Balance

Blend Labs, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-09-30
Cash & equivalents$55.02M
Total assets$188.61M
Current assets$115.69M
Total liabilities$47.22M
Current liabilities$45.64M
Total equity incl. NCI-$13.41M
Temporary (mezzanine) equity$154.80M
InventoryUnavailable
Accounts receivableUnavailable
GoodwillUnavailable
Long-term debt$0
Accounts payable$772.00K

Cash flow

Blend Labs, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-09-30
Operating cash flow$5.39M
Capital expendituresUnavailable
Investing cash flow$18.46M
Financing cash flow-$21.35M
Net change in cash$2.50M
Stock-based compensation$27.53M
Common dividends paidUnavailable
Common share repurchases$9.14M
Depreciation & amortization$2.36M

Derived

Blend Labs, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-09-30
Free cash flowUnavailable
Gross margin73.4%
Operating margin-17.7%
FCF marginUnavailable
SBC / revenue22.7%
Current ratio2.53x
Revenue YoY growth62.9%
Net margin-4.2%
R&D / revenue27.1%
CapEx / revenueUnavailable
Long-term debt / equityUnavailable
Effective tax rateUnavailable

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

Companies in the same industry

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.