BLND
Blend Labs, Inc.
NYSE · Technology · Software - Application · US
$1.54
+1.99%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 130.0M | 123.6M | 162.0M | 156.8M | 235.2M |
| Cost of Revenue | 32.8M | 32.4M | 71.5M | 75.7M | 145.6M |
| Gross Profit | 97.2M | 91.2M | 90.5M | 81.1M | 89.7M |
| Operating Expenses | |||||
| R&D Expense | 36.1M | 32.8M | 46.1M | 81.6M | 138.1M |
| SG&A Expense | 76.3M | 79.2M | 86.6M | 130.8M | 224.4M |
| General & Admin Expense | 48.5M | 50.1M | 50.6M | 70.7M | 139.1M |
| Selling & Marketing Expense | 27.9M | 29.1M | 36.0M | 60.1M | 85.2M |
| Other Expenses | 97.0K | — | 7.5M | 24.9M | 473.4M |
| Total Operating Expenses | 112.5M | 112.0M | 140.2M | 237.4M | 835.8M |
| Cost and Expenses | 145.3M | 144.4M | 211.6M | 313.1M | 981.4M |
| Operating Income (EBIT) | (15.4M) | (20.9M) | (49.6M) | (156.2M) | (746.2M) |
| Non-Operating | |||||
| Interest Income | — | — | — | — | — |
| Interest Expense | — | — | 6.7M | 30.8M | 24.8M |
| Net Interest Income | — | — | (6.7M) | (30.8M) | (24.8M) |
| Other Non-Op Income/Expense | 17.9M | 20.0M | 6.3M | (23.6M) | (19.9M) |
| Non-Operating Income (excl Interest) | (17.9M) | (20.0M) | (13.1M) | (7.2M) | (4.9M) |
| EBT (Pre-Tax Income) | 2.5M | (878.0K) | (43.3M) | (179.8M) | (766.1M) |
| Income Tax Expense | 360.0K | 249.0K | 109.0K | 94.0K | (2.2M) |
| Bottom Line | |||||
| Net Income | (458.0K) | (8.1M) | (49.6M) | (185.3M) | (768.6M) |
| Earnings from Cont. Ops | 2.2M | (1.1M) | (43.4M) | (179.9M) | (763.8M) |
| Earnings from Discont. Ops | (2.3M) | (5.9M) | — | — | — |
| Bottom Line Net Income | (20.6M) | (25.9M) | (60.5M) | (185.3M) | (768.6M) |
| Per Share | |||||
| Basic EPS | ($0.08) | ($0.10) | ($0.24) | ($0.76) | ($3.28) |
| Diluted EPS | ($0.08) | ($0.10) | ($0.24) | ($0.76) | ($3.28) |
| Revenue Per Share | $0.54 | $0.48 | $0.64 | $0.64 | $1.00 |
| Shares | |||||
| Basic Shares Outstanding | 239.9M | 258.9M | 253.9M | 245.2M | 234.2M |
| Diluted Shares Outstanding | 239.9M | 258.9M | 253.9M | 245.2M | 234.2M |
| Profitability Metrics | |||||
| EBITDA | 5.9M | 2.9M | (31.7M) | (143.2M) | (726.8M) |
| D&A | 3.3M | 3.8M | 4.8M | 5.8M | 14.4M |
| EBIT | 2.5M | (878.0K) | (36.6M) | (149.0M) | (741.3M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026