Blend Labs, Inc.
About Blend Labs, Inc.
Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Its operating segment is Blend Platform segment which comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. The key revenue for the company is generated from the Blend Platform segment. Company has it's assets in united states, India and Mexico regions.
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Financial summary
- Revenue FY2025
- $123.6M
- Net income
- -$6.8M
- Total assets
- $170.0M
- Market cap
- $392.2M
- Gross margin
- 51.7%
- Operating margin
- -99.6%
- Net margin
- -114.7%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $156.8M
- Cost of revenue
- $75.7M
- Gross profit
- $81.1M
- Operating expenses
- $237.4M
- Operating income
- -$156.2M
- Income tax
- $94.0K
- Net income
- -$179.9M
- EPS (basic)
- $-0.76
- EPS (diluted)
- $-0.76
Balance sheet
- Total assets
- $206.1M
- Current assets
- $169.8M
- Total liabilities
- $179.1M
- Current liabilities
- $31.6M
- Shareholders’ equity
- -$19.2M
Cash flow
- Operating cash flow
- -$127.6M
- Investing cash flow
- $127.3M
- Financing cash flow
- -$91.0M
- Net cash flow
- -$91.3M
Statements via Polygon.io (SEC filings)
- Market cap
- $392.2M
- EPS (diluted)
- $-0.76
- Shares outstanding
- 229.4M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Jul 16, 2021
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Reported a net loss of $6.8M in FY2025.
- Revenue declined 33% from FY2021 to FY2023.
- Gross margin of 51.7%, net margin -114.7%.
- Trading 61% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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