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BLND

Blend Labs, Inc.

Price Chart
Latest Quote

$1.57

-0.02 (-1.26%)
Current Price
Previous Close $1.59
Open $1.63
Day High $1.64
Day Low $1.56
Volume 1,615,413
Fetched: 2026-06-18T16:03:38
Stock Information
Shares Outstanding 238.86M
Total Debt $1.36M
Cash Equivalents $59.04M
Revenue $127.58M
Net Income $-20.57M
Sector Technology
Industry Software - Application
Market Cap $380.12M
EPS (TTM) $-0.07
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$535.09M
Sales$127.58M
Income$-20.57M
Book/sh$-0.23
Cash/sh$0.25
Employees419
Financial Ratios
Quick Ratio1.56
Current Ratio1.81
Debt/Eq1.25
Returns & Margins
ROA-6.44%
ROE0.26%
Gross Margin74.88%
Operating Margin-14.26%
Profit Margin-4.18%
Ownership
Insider Ownership9.26%
Institutional Ownership75.55%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E15.39
P/S2.98
P/B-6.95
Analyst Data
Recommendationnone
Target Price$3.58
Technical Indicators
SMA20$1.65
SMA50$1.56
SMA200$2.51
RSI39.22
ATR0.1221
Shares Float172.33M
Short Float6.40%
Short Ratio2.95
Volatility1.09
Rel Volume0.51
Performance History
Week-10.29%
Month+6.08%
Quarter-5.42%
6 Months-48.36%
YTD-48.01%
Year-50.00%
3 Years+45.37%
10 Years-92.49%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-18 $1.57 1,615,413
2026-06-17 $1.59 2,790,400
2026-06-16 $1.77 2,531,200
2026-06-15 $1.68 2,851,500
2026-06-12 $1.69 1,965,600
2026-06-11 $1.75 3,625,200
2026-06-10 $1.66 1,863,600
2026-06-09 $1.69 2,202,700
2026-06-08 $1.71 2,885,100
2026-06-05 $1.62 2,270,300
2026-06-04 $1.72 3,381,400
2026-06-03 $1.59 3,540,800
2026-06-02 $1.66 2,909,900
2026-06-01 $1.74 3,391,900
2026-05-29 $1.79 7,863,900
2026-05-28 $1.72 4,468,900
2026-05-27 $1.56 2,861,800
2026-05-26 $1.47 3,388,500
2026-05-22 $1.47 4,250,600
2026-05-21 $1.52 3,154,500
2026-05-20 $1.53 5,090,500
2026-05-19 $1.48 6,001,200
2026-05-18 $1.58 6,277,500
About Blend Labs, Inc.

Blend Labs, Inc. provides a cloud-based software platform for financial services firms in the United States, India, and Mexico. The company offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, rapid home lending, personal loans, credit cards, and deposit accounts; and a suite of add-on products that offers to enhance consumers' journeys to homeownership, such as close, income verification for mortgage and home equity lines of credit, and home equity loans. It also provides Blend Builder to configure or build custom workflows from a pre-built set of components; verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; AI capabilities; and workflow intelligence components to manage data collection and automate tasks throughout the loan origination process. In addition, the company offers application programming interfaces, which integrate the capabilities of technology, data, and service providers into software platform, as well as support services, professional and consulting services. It serves banks, credit unions, fintechs, and other non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in Novato, California.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $32,418,000 $32,541,000 $33,090,000 $139,545,000
Cost Of Revenue $32,418,000 $32,541,000 $33,090,000 $145,550,000
Total Revenue $123,585,000 $115,762,000 $109,549,000 $235,201,000
Operating Revenue $123,585,000 $115,762,000 $109,549,000 $235,201,000
Expenses
Interest Expense $0 $6,747,000 $30,811,000 $24,790,000
Total Expenses $144,449,000 $158,725,000 $233,101,000 $516,423,000
Other Income Expense $19,986,000 $7,059,000 $-13,023,000 $-460,039,000
Other Non Operating Income Expenses $20,857,000 $12,941,000 $7,033,000 $4,916,000
Net Non Operating Interest Income Expense $0 $-6,747,000 $-30,811,000 $-24,790,000
Interest Expense Non Operating $0 $6,747,000 $30,811,000 $24,790,000
Operating Expense $112,031,000 $126,184,000 $200,011,000 $370,873,000
Selling And Marketing Expense $29,073,000 $34,410,000 $57,470,000 $85,248,000
General And Administrative Expense $50,115,000 $45,687,000 $61,284,000 $139,120,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-2,199,000 $-48,945,000 $-172,921,000 $-768,610,000
Net Interest Income $0 $-6,747,000 $-30,811,000 $-24,790,000
Normalized Income $-1,510,910 $-44,298,220 $-157,076,760 $-305,015,176
Net Income From Continuing And Discontinued Operation $-8,055,000 $-49,604,000 $-185,320,000 $-768,610,000
Total Operating Income As Reported $-21,735,000 $-48,845,000 $-143,608,000 $-746,177,000
Net Income Common Stockholders $-25,887,000 $-60,483,000 $-185,320,000 $-768,610,000
Net Income $-8,055,000 $-49,604,000 $-185,320,000 $-768,610,000
Net Income Including Noncontrolling Interests $-6,983,000 $-43,419,000 $-179,879,000 $-763,810,000
Net Income Discontinuous Operations $-5,856,000 $-659,000 $-12,399,000 -
Net Income Continuous Operations $-1,127,000 $-42,760,000 $-167,480,000 $-763,810,000
Pretax Income $-878,000 $-42,651,000 $-167,386,000 $-766,051,000
Special Income Charges $-871,000 $-5,882,000 $-20,056,000 $-464,955,000
Operating Income $-20,864,000 $-42,963,000 $-123,552,000 $-281,222,000
Gross Profit $91,167,000 $83,221,000 $76,459,000 $89,651,000
Depreciation Amortization Depletion Income Statement - $0 $0 $8,411,000
Depreciation And Amortization In Income Statement - $0 $0 $8,411,000
Amortization Of Intangibles Income Statement - $0 $0 $8,411,000
Per Share
Diluted EPS $-0.10 $-0.24 $-0.76 $-3.28
Basic EPS $-0.10 $-0.24 $-0.76 $-3.28
Other
Tax Effect Of Unusual Items $-182,910 $-1,235,220 $-4,211,760 $-1,360,176
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $3,812,000 $-26,621,000 $-112,194,000 $-261,890,000
Total Unusual Items $-871,000 $-5,882,000 $-20,056,000 $-464,955,000
Total Unusual Items Excluding Goodwill $-871,000 $-5,882,000 $-20,056,000 $-464,955,000
Reconciled Depreciation $3,819,000 $3,401,000 $4,325,000 $14,416,000
EBITDA (Bullshit earnings) $2,941,000 $-32,503,000 $-132,250,000 $-726,845,000
EBIT $-878,000 $-35,904,000 $-136,575,000 $-741,261,000
Diluted Average Shares $258,949,000 $253,921,000 $245,206,000 $234,161,000
Basic Average Shares $258,949,000 $253,921,000 $245,206,000 $234,161,000
Diluted NI Availto Com Stockholders $-25,887,000 $-60,483,000 $-185,320,000 $-768,610,000
Preferred Stock Dividends $17,832,000 $10,879,000 - -
Minority Interests $-1,072,000 $-6,185,000 $-5,441,000 $-4,800,000
Tax Provision $249,000 $109,000 $94,000 $-2,241,000
Restructuring And Mergern Acquisition $871,000 $5,882,000 $20,056,000 $15,275,000
Research And Development $32,843,000 $46,087,000 $81,257,000 $138,094,000
Selling General And Administration $79,188,000 $80,097,000 $118,754,000 $224,368,000
Other Gand A $50,115,000 $45,687,000 $61,284,000 $139,120,000
Impairment Of Capital Assets - $0 $0 $449,680,000
Amortization - $0 $0 $8,411,000
Otherunder Preferred Stock Dividend - - - $48,438,000
Fetched: 2026-06-14
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $-30,473,000 $-56,356,000 $-21,351,000 $121,045,000
Total Assets $170,045,000 $178,085,000 $206,065,000 $432,764,000
Total Non Current Assets $72,181,000 $42,842,000 $36,229,000 $36,668,000
Other Non Current Assets $4,293,000 $7,662,000 $8,274,000 $15,440,000
Non Current Deferred Assets $3,425,000 $2,868,000 $2,453,000 $1,691,000
Non Current Note Receivables $0 $10,500,000 $5,500,000 -
Investmentin Financial Assets $30,380,000 $9,801,000 - -
Current Assets $97,864,000 $135,243,000 $169,836,000 $396,096,000
Other Current Assets $1,195,000 $1,535,000 $1,879,000 $2,302,000
Assets Held For Sale Current $5,640,000 $9,618,000 - -
Current Deferred Assets $1,812,000 $1,277,000 $1,015,000 $3,518,000
Restricted Cash $0 $5,023,000 $0 -
Prepaid Assets $6,848,000 $6,351,000 $10,082,000 $12,159,000
Receivables $14,052,000 $17,195,000 $19,938,000 $23,970,000
Other Receivables $5,266,000 $2,539,000 $1,593,000 $1,252,000
Accounts Receivable $8,786,000 $14,656,000 $18,345,000 $22,718,000
Allowance For Doubtful Accounts Receivable $-112,000 $-50,000 $-149,000 $-436,000
Gross Accounts Receivable $8,898,000 $14,706,000 $18,494,000 $23,154,000
Cash Cash Equivalents And Short Term Investments $68,317,000 $94,244,000 $136,922,000 $354,147,000
Cash And Cash Equivalents $43,578,000 $38,011,000 $30,962,000 $124,199,000
Goodwill And Other Intangible Assets - $2,081,000 $2,108,000 $2,127,000
Other Intangible Assets - $2,081,000 $2,108,000 $2,127,000
Debt
Total Debt $1,477,000 $2,660,000 $149,695,000 $231,981,000
Long Term Debt And Capital Lease Obligation $1,223,000 $0 $145,316,000 $227,892,000
Current Debt And Capital Lease Obligation $254,000 $2,660,000 $4,379,000 $4,089,000
Net Debt - - $107,372,000 $92,602,000
Long Term Debt - - $138,334,000 $216,801,000
Liabilities
Total Liabilities Net Minority Interest $200,518,000 $182,066,000 $179,118,000 $268,843,000
Total Non Current Liabilities Net Minority Interest $161,064,000 $143,044,000 $147,544,000 $233,370,000
Other Non Current Liabilities $192,000 $278,000 $1,881,000 $4,124,000
Liabilities Heldfor Sale Non Current $154,000 $1,103,000 - -
Current Liabilities $39,454,000 $39,022,000 $31,574,000 $35,473,000
Other Current Liabilities $5,077,000 $5,190,000 - -
Current Deferred Liabilities $19,385,000 $19,240,000 $8,984,000 $8,695,000
Payables And Accrued Expenses $10,183,000 $8,617,000 $12,649,000 $12,630,000
Payables $1,826,000 $1,620,000 $2,170,000 $1,260,000
Accounts Payable $1,826,000 $1,620,000 $2,170,000 $1,260,000
Tradeand Other Payables Non Current - $261,000 $347,000 $1,354,000
Interest Payable - $0 $101,000 $73,000
Non Current Deferred Liabilities - - - $0
Non Current Deferred Taxes Liabilities - - - $0
Other Payable - - - -
Equity
Common Stock Equity $-30,473,000 $-56,356,000 $-19,243,000 $123,172,000
Total Equity Gross Minority Interest $-30,473,000 $-3,981,000 $26,947,000 $163,921,000
Stockholders Equity $-30,473,000 $-56,356,000 $-19,243,000 $123,172,000
Gains Losses Not Affecting Retained Earnings $597,000 $602,000 $441,000 $-708,000
Other Equity Adjustments $597,000 $602,000 $441,000 $-708,000
Retained Earnings $-1,391,776,000 $-1,384,975,000 $-1,341,630,000 $-1,162,937,000
Preferred Securities Outside Stock Equity $159,495,000 $141,663,000 $0 -
Long Term Equity Investment $9,692,000 $0 $5,384,000 -
Other
Ordinary Shares Number $256,043,000 $258,173,235 $249,910,000 $240,931,000
Share Issued $256,043,000 $258,173,235 $249,910,000 $240,931,000
Tangible Book Value $-30,473,000 $-56,356,000 $-21,351,000 $121,045,000
Invested Capital $-30,473,000 $-56,356,000 $119,091,000 $339,973,000
Working Capital $58,410,000 $96,221,000 $138,262,000 $360,623,000
Capital Lease Obligations $1,477,000 $2,660,000 $11,361,000 $15,180,000
Total Capitalization $-30,473,000 $-56,356,000 $119,091,000 $339,973,000
Minority Interest $0 $52,375,000 $46,190,000 $40,749,000
Additional Paid In Capital $1,360,704,000 $1,328,015,000 $1,321,944,000 $1,286,815,000
Capital Stock $2,000 $2,000 $2,000 $2,000
Common Stock $2,000 $2,000 $2,000 $2,000
Long Term Capital Lease Obligation $1,223,000 $0 $6,982,000 $11,091,000
Current Deferred Revenue $19,385,000 $19,240,000 $8,984,000 $8,695,000
Current Capital Lease Obligation $254,000 $2,660,000 $4,379,000 $4,089,000
Pensionand Other Post Retirement Benefit Plans Current $4,555,000 $3,315,000 $5,562,000 $10,059,000
Current Accrued Expenses $8,357,000 $6,997,000 $10,479,000 $11,370,000
Investments And Advances $40,072,000 $9,801,000 $5,384,000 -
Available For Sale Securities $30,380,000 $9,801,000 - -
Net PPE $24,391,000 $12,011,000 $12,510,000 $17,410,000
Accumulated Depreciation $-4,429,000 $-1,152,000 $-9,155,000 $-6,871,000
Gross PPE $28,820,000 $13,163,000 $21,665,000 $24,281,000
Other Properties $1,394,000 $339,000 $8,565,000 $11,668,000
Machinery Furniture Equipment $27,426,000 $12,824,000 $8,214,000 $7,729,000
Other Short Term Investments $24,739,000 $56,233,000 $105,960,000 $229,948,000
Leases - $0 $4,886,000 $4,884,000
Properties - $0 $0 $0
Preferred Stock - - $0 $0
Dueto Related Parties Current - - - $0
Goodwill - - - $0
Fetched: 2026-06-14
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-81,000 $-22,785,000 $-127,656,000 $-192,486,000
Operating Activities
Operating Cash Flow $11,512,000 $-13,044,000 $-127,621,000 $-190,418,000
Cash From Discontinued Operating Activities $-2,886,000 $-4,844,000 $-10,803,000 -
Cash Flow From Continuing Operating Activities $14,398,000 $-8,200,000 $-116,818,000 $-190,418,000
Operating Gains Losses $-17,405,000 $-8,154,000 $3,970,000 $-2,884,000
Investing Activities
Capital Expenditure $-11,593,000 $-9,741,000 $-35,000 $-2,068,000
Investing Cash Flow $18,536,000 $45,395,000 $127,306,000 $99,431,000
Cash From Discontinued Investing Activities $-195,000 $-103,000 $-552,000 -
Cash Flow From Continuing Investing Activities $18,731,000 $45,498,000 $127,858,000 $99,431,000
Net Other Investing Changes - $-5,283,000 $-2,500,000 -
Financing Activities
Repurchase Of Capital Stock $-24,870,000 $0 $0 $-391,000
Issuance Of Capital Stock $0 $149,375,000 $0 $0
Financing Cash Flow $-32,587,000 $-21,062,000 $-90,958,000 $2,220,000
Cash Flow From Continuing Financing Activities $-32,587,000 $-21,062,000 $-90,958,000 $2,220,000
Net Other Financing Charges $-9,369,000 $-27,595,000 $-6,171,000 -
Net Preferred Stock Issuance $0 $149,375,000 $0 $0
Preferred Stock Issuance $0 $149,375,000 $0 $0
Net Common Stock Issuance $-24,870,000 $0 $0 $-391,000
Common Stock Issuance - - $0 -
Other
Repayment Of Debt $0 $-144,500,000 $-85,055,000 $0
Interest Paid Supplemental Data $0 $6,150,000 $27,814,000 $25,056,000
Income Tax Paid Supplemental Data $389,000 $76,000 $107,000 $276,000
End Cash Position $46,998,000 $49,537,000 $38,253,000 $129,557,000
Beginning Cash Position $49,537,000 $38,253,000 $129,557,000 $218,440,000
Effect Of Exchange Rate Changes $0 $-5,000 $-31,000 $-116,000
Changes In Cash $-2,539,000 $11,289,000 $-91,273,000 $-88,767,000
Proceeds From Stock Option Exercised $1,652,000 $1,658,000 $268,000 $2,611,000
Common Stock Payments $-24,870,000 $0 $0 $-391,000
Net Issuance Payments Of Debt $0 $-144,500,000 $-85,055,000 $0
Net Long Term Debt Issuance $0 $-144,500,000 $-85,055,000 $0
Long Term Debt Payments $0 $-144,500,000 $-85,055,000 $0
Net Investment Purchase And Sale $30,324,000 $51,447,000 $130,393,000 $101,499,000
Sale Of Investment $69,809,000 $153,477,000 $366,472,000 $247,042,000
Purchase Of Investment $-39,485,000 $-102,030,000 $-236,079,000 $-145,543,000
Net Business Purchase And Sale $0 $9,075,000 $0 $0
Sale Of Business $0 $9,075,000 $0 $0
Net PPE Purchase And Sale $-11,593,000 $-9,741,000 $-35,000 $-2,068,000
Purchase Of PPE $-11,593,000 $-9,741,000 $-35,000 $-2,068,000
Change In Working Capital $-1,158,000 $8,549,000 $-3,884,000 $-4,483,000
Change In Other Working Capital $-1,184,000 $9,841,000 $-473,000 $3,114,000
Change In Other Current Liabilities $-1,317,000 $-3,225,000 $-5,510,000 $-16,279,000
Change In Payables And Accrued Expense $1,013,000 $-2,400,000 $-549,000 $-12,981,000
Change In Accrued Expense $807,000 $-2,109,000 $-1,765,000 $-8,081,000
Change In Payable $206,000 $-291,000 $1,216,000 $-4,900,000
Change In Account Payable $206,000 $-291,000 $1,216,000 $-4,900,000
Change In Prepaid Assets $-5,430,000 $-432,000 $1,883,000 $9,374,000
Change In Receivables $5,760,000 $4,765,000 $765,000 $12,289,000
Other Non Cash Items $1,314,000 $2,823,000 $694,000 $9,825,000
Stock Based Compensation $28,955,000 $27,941,000 $45,557,000 $109,702,000
Depreciation Amortization Depletion $3,819,000 $3,401,000 $4,325,000 $14,416,000
Depreciation And Amortization $3,819,000 $3,401,000 $4,325,000 $14,416,000
Depreciation $3,819,000 $3,401,000 $4,325,000 $14,416,000
Gain Loss On Investment Securities $-17,405,000 $-4,417,000 - $-2,884,000
Gain Loss On Sale Of Business $0 $-9,213,000 $0 $0
Net Income From Continuing Operations $-1,127,000 $-42,760,000 $-167,480,000 $-763,810,000
Provisionand Write Offof Assets - $0 $0 $-2,864,000
Asset Impairment Charge - $0 $0 $449,680,000
Issuance Of Debt - - $0 $0
Long Term Debt Issuance - - $0 $0
Purchase Of Business - - $0 $0
Net Intangibles Purchase And Sale - - - -
Purchase Of Intangibles - - - -
Deferred Tax - - - -
Deferred Income Tax - - - -
Fetched: 2026-06-14