Blend Labs (BLND) Financials

$3.31 +0.05 (+1.53%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$3.34 +0.04 (+1.06%)

As of 05/2/2025 07:57 PM Eastern

Annual Income Statements for Blend Labs

This table shows Blend Labs' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-81	-75	-171	-769	-185	-60
Consolidated Net Income / (Loss)	-81	-75	-169	-764	-180	-43
Net Income / (Loss) Continuing Operations	-81	-75	-169	-764	-180	-43
Total Pre-Tax Income	-81	-75	-208	-766	-180	-43
Total Operating Income	-82	-75	-197	-746	-156	-50
Total Gross Profit	31	62	116	90	81	91
Total Revenue	51	96	234	235	157	162
Operating Revenue	51	96	234	235	157	162
Total Cost of Revenue	20	34	119	146	76	71
Operating Cost of Revenue	20	34	119	146	76	71
Total Operating Expenses	113	137	313	836	237	140
Selling, General & Admin Expense	27	30	129	139	71	51
Marketing Expense	38	51	84	85	60	36
Research & Development Expense	49	56	92	138	82	46
Amortization Expense	-	0.00	8.14	8.41	0.00	0.00
Impairment Charge	-	0.00	0.00	450	0.00	0.00
Restructuring Charge	-	0.00	0.00	15	25	7.47
Total Other Income / (Expense), net	0.28	0.70	-11	-20	-24	6.31
Interest Expense	-	0.00	11	25	31	6.75
Other Income / (Expense), net	0.28	0.70	0.49	4.92	7.25	13
Income Tax Expense	0.01	0.03	-39	-2.24	0.09	0.11
Preferred Stock Dividends Declared	-	0.00	1.43	0.00	0.00	11
Net Income / (Loss) Attributable to Noncontrolling Interest	-	0.00	0.77	4.80	5.44	6.19
Basic Earnings per Share	($2.49)	($1.89)	($1.30)	($3.28)	($0.76)	($0.24)
Weighted Average Basic Shares Outstanding	32.78M	39.41M	131.99M	234.16M	245.21M	253.92M
Diluted Earnings per Share	($2.49)	($1.89)	($1.30)	($3.28)	($0.76)	($0.24)
Weighted Average Diluted Shares Outstanding	32.78M	39.41M	131.99M	234.16M	245.21M	253.92M
Weighted Average Basic & Diluted Shares Outstanding	-	-	232.41M	242.85M	252.05M	259.66M

This table shows Blend Labs' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-134	-83	-67	-43	-43	-32	-22	-24	-8.25	-6.51
Consolidated Net Income / (Loss)	-133	-81	-66	-41	-42	-30	-21	-19	-2.63	-0.71
Net Income / (Loss) Continuing Operations	-133	-81	-66	-41	-42	-30	-21	-19	-2.63	-0.71
Total Pre-Tax Income	-133	-81	-66	-41	-42	-30	-21	-19	-2.61	-0.68
Total Operating Income	-130	-75	-61	-37	-36	-22	-21	-13	-13	-1.79
Total Gross Profit	21	14	16	23	22	20	18	22	26	25
Total Revenue	55	43	37	43	41	36	35	40	45	41
Operating Revenue	55	43	37	43	41	36	35	40	45	41
Total Cost of Revenue	34	28	21	19	19	16	17	19	19	17
Operating Cost of Revenue	34	28	21	19	19	16	17	19	19	17
Total Operating Expenses	151	90	77	60	58	42	39	35	39	27
Selling, General & Admin Expense	32	33	21	20	16	15	14	13	13	11
Marketing Expense	21	20	18	16	14	12	10	9.37	9.88	6.58
Research & Development Expense	34	33	26	22	19	14	14	13	10	8.86
Restructuring Charge	5.94	2.96	13	2.35	9.12	0.69	0.98	0.21	6.17	0.12
Total Other Income / (Expense), net	-2.88	-5.81	-4.69	-4.72	-5.58	-8.58	0.55	-6.06	11	1.11
Other Income / (Expense), net	3.28	1.54	2.88	3.23	2.63	-1.50	5.65	-4.41	11	1.11
Income Tax Expense	0.01	0.48	0.07	0.05	0.04	-0.07	0.04	0.02	0.02	0.03
Preferred Stock Dividends Declared	7.85	-46	2.06	0.00	0.00	-2.06	1.46	2.66	4.05	2.71
Net Income / (Loss) Attributable to Noncontrolling Interest	-6.62	48	-0.78	1.33	1.39	3.49	0.01	1.51	1.58	3.09
Basic Earnings per Share	($0.57)	($0.33)	($0.28)	($0.18)	($0.18)	($0.12)	($0.09)	($0.09)	($0.03)	($0.03)
Weighted Average Basic Shares Outstanding	235.27M	234.16M	241.44M	244.26M	246.41M	245.21M	250.93M	253.07M	254.91M	253.92M
Diluted Earnings per Share	($0.57)	($0.33)	($0.28)	($0.18)	($0.18)	($0.12)	($0.09)	($0.09)	($0.03)	($0.03)
Weighted Average Diluted Shares Outstanding	235.27M	234.16M	241.44M	244.26M	246.41M	245.21M	250.93M	253.07M	254.91M	253.92M
Weighted Average Basic & Diluted Shares Outstanding	237.70M	242.85M	243.85M	245.89M	248.20M	252.05M	252.38M	254.24M	255.93M	259.66M

This table details how cash moves in and out of Blend Labs' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	8.21	18	172	-89	-91	11
Net Cash From Operating Activities	-59	-65	-128	-190	-128	-13
Net Cash From Continuing Operating Activities	-59	-65	-128	-190	-128	-13
Net Income / (Loss) Continuing Operations	-81	-75	-169	-764	-180	-43
Consolidated Net Income / (Loss)	-81	-75	-169	-764	-180	-43
Depreciation Expense	4.76	3.99	11	11	2.46	2.29
Amortization Expense	2.27	6.00	9.63	11	9.24	7.28
Non-Cash Adjustments To Reconcile Net Income	11	11	74	559	45	19
Changes in Operating Assets and Liabilities, net	4.06	-11	-52	-7.35	-4.25	1.89
Net Cash From Investing Activities	-66	-7.92	-634	99	127	45
Net Cash From Continuing Investing Activities	-66	-7.92	-634	99	127	45
Purchase of Property, Plant & Equipment	-0.58	-1.32	-1.89	-2.07	-0.59	-9.84
Purchase of Investments	-151	-174	-352	-146	-236	-102
Divestitures	-	-	-	0.00	0.00	9.08
Sale and/or Maturity of Investments	86	167	125	247	366	153
Other Investing Activities, net	0.00	0.00	-3.00	0.00	-2.50	-5.28
Net Cash From Financing Activities	133	91	934	2.22	-91	-21
Net Cash From Continuing Financing Activities	133	91	934	2.22	-91	-21
Repayment of Debt	-0.07	0.00	2.88	0.00	-85	-145
Repurchase of Common Equity	-0.05	-	-	0.00	0.00	-9.48
Issuance of Preferred Equity	126	76	310	0.00	0.00	149
Issuance of Common Equity	0.00	10	367	-0.39	0.00	0.00
Other Financing Activities, net	1.65	4.51	35	2.61	-5.90	-16
Effect of Exchange Rate Changes	-	0.00	-0.01	-0.12	-0.03	-0.01
Cash Interest Paid	0.00	0.00	6.43	25	28	6.15
Cash Income Taxes Paid	0.01	0.03	0.88	0.28	0.11	0.08

This table details how cash moves in and out of Blend Labs' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-18	9.82	-78	-4.26	45	-54	54	-39	9.59	-13
Net Cash From Operating Activities	-50	-47	-47	-34	-26	-21	-3.87	-6.67	2.08	-4.59
Net Cash From Continuing Operating Activities	-50	-47	-47	-34	-26	-21	-3.87	-6.67	2.08	-4.59
Net Income / (Loss) Continuing Operations	-133	-81	-66	-41	-42	-30	-21	-19	-2.63	-0.71
Consolidated Net Income / (Loss)	-133	-81	-66	-41	-42	-30	-21	-19	-2.63	-0.71
Depreciation Expense	0.93	0.61	0.63	0.63	0.60	0.61	0.56	0.56	0.68	0.49
Amortization Expense	2.91	2.94	2.52	2.33	2.31	2.09	1.65	1.27	3.88	0.49
Non-Cash Adjustments To Reconcile Net Income	83	28	15	12	7.76	9.66	3.42	13	-2.90	5.74
Changes in Operating Assets and Liabilities, net	-5.00	2.20	1.35	-7.42	5.04	-3.22	11	-1.72	3.04	-11
Net Cash From Investing Activities	31	57	-29	31	72	53	61	-25	12	-1.89
Net Cash From Continuing Investing Activities	31	57	-29	31	72	53	61	-25	12	-1.89
Purchase of Property, Plant & Equipment	-0.45	-0.46	-0.30	-0.17	-0.03	-0.08	-1.96	-1.87	-3.43	-2.58
Purchase of Investments	-46	-49	-186	-8.75	-8.32	-33	-48	-28	-20	-5.61
Sale and/or Maturity of Investments	78	107	158	40	80	89	111	5.00	26	11
Other Investing Activities, net	-	-	-	-	-	-2.50	-	-	-	-5.00
Net Cash From Financing Activities	0.94	0.04	-2.42	-1.09	-1.33	-86	-3.19	-7.32	-4.23	-6.32
Net Cash From Continuing Financing Activities	0.94	0.04	-2.42	-1.09	-1.33	-86	-3.19	-7.32	-4.23	-6.32
Other Financing Activities, net	0.94	0.04	-2.42	-1.09	-1.33	-1.07	-3.19	-3.12	-3.83	-6.32

This table presents Blend Labs' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	216	1,112	433	206	178
Total Current Assets	186	613	396	170	135
Cash & Equivalents	41	213	124	31	42
Short-Term Investments	111	334	230	106	56
Accounts Receivable	15	34	23	18	17
Prepaid Expenses	19	32	19	15	19
Plant, Property, & Equipment, net	4.59	6.16	5.74	3.95	12
Total Noncurrent Assets	25	493	31	32	31
Intangible Assets	1.21	173	2.13	2.11	2.08
Other Noncurrent Operating Assets	24	33	29	30	28
Total Liabilities & Shareholders' Equity	216	1,112	433	206	178
Total Liabilities	52	302	269	179	40
Total Current Liabilities	35	60	35	32	39
Accounts Payable	3.44	6.16	1.26	2.17	2.42
Current Deferred Revenue	14	8.07	8.70	8.98	19
Current Employee Benefit Liabilities	9.06	18	10	5.56	3.98
Other Current Liabilities	8.91	28	15	15	13
Total Noncurrent Liabilities	17	242	233	148	1.38
Long-Term Debt	0.00	214	217	138	0.00
Other Noncurrent Operating Liabilities	17	28	17	9.21	1.38
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	36	41	46	194
Total Equity & Noncontrolling Interests	163	775	123	-19	-56
Total Preferred & Common Equity	163	775	123	-19	-56
Total Common Equity	-222	775	123	-19	-56
Common Stock	51	1,218	1,287	1,322	1,328
Retained Earnings	-273	-443	-1,163	-1,342	-1,385
Accumulated Other Comprehensive Income / (Loss)	-0.01	-0.81	-0.71	0.44	0.60

This table presents Blend Labs' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	493	385	350	318	202	185	186
Total Current Assets	454	350	309	283	160	143	146
Cash & Equivalents	114	46	35	85	85	45	55
Short-Term Investments	286	261	231	160	44	67	62
Accounts Receivable	28	20	21	20	18	20	16
Prepaid Expenses	25	23	22	19	13	10	14
Plant, Property, & Equipment, net	6.04	5.41	4.97	4.45	5.98	7.62	9.72
Total Noncurrent Assets	33	30	36	31	36	35	30
Intangible Assets	2.13	2.12	2.12	2.11	2.10	2.10	2.09
Other Noncurrent Operating Assets	31	28	34	29	34	33	28
Total Liabilities & Shareholders' Equity	493	385	350	318	202	185	186
Total Liabilities	278	272	266	267	190	48	47
Total Current Liabilities	44	40	35	37	43	42	45
Accounts Payable	2.55	1.93	3.15	2.12	1.90	1.08	1.86
Current Deferred Revenue	9.96	13	12	10	22	21	20
Current Employee Benefit Liabilities	14	11	4.74	9.87	5.19	3.23	6.05
Other Current Liabilities	18	14	15	15	14	16	17
Total Noncurrent Liabilities	234	232	231	230	147	6.74	2.25
Long-Term Debt	216	218	218	219	139	0.00	0.00
Capital Lease Obligations	-	-	-	-	6.40	5.17	0.96
Other Noncurrent Operating Liabilities	18	15	13	11	2.06	1.57	1.29
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	39	42	43	45	48	183	188
Total Equity & Noncontrolling Interests	176	71	41	6.29	-36	-45	-50
Total Preferred & Common Equity	176	71	41	6.29	-36	-45	-50
Total Common Equity	176	71	41	6.29	-36	-45	-50
Common Stock	1,260	1,300	1,312	1,318	1,326	1,336	1,334
Retained Earnings	-1,082	-1,228	-1,270	-1,311	-1,362	-1,382	-1,384
Accumulated Other Comprehensive Income / (Loss)	-2.16	0.10	-0.69	-0.40	0.35	0.30	0.77

This table displays calculated financial ratios and metrics derived from Blend Labs' official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	89.51%	144.19%	0.30%	-33.31%	3.30%
EBITDA Growth	0.00%	13.19%	-173.26%	-307.42%	80.91%	80.33%
EBIT Growth	0.00%	8.41%	-163.77%	-276.75%	79.90%	75.46%
NOPAT Growth	0.00%	7.87%	-161.97%	-278.31%	79.06%	68.24%
Net Income Growth	0.00%	8.39%	-126.68%	-351.58%	76.45%	75.86%
EPS Growth	0.00%	24.10%	31.22%	-152.31%	76.83%	68.42%
Operating Cash Flow Growth	0.00%	-10.31%	-96.12%	-49.34%	32.98%	89.78%
Free Cash Flow Firm Growth	0.00%	0.00%	-841.36%	88.13%	-55.02%	58.99%
Invested Capital Growth	0.00%	0.00%	4,071.01%	-94.43%	6.71%	38.25%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-13.97%	-4.09%	3.38%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-2.42%	26.46%	43.71%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-1.91%	25.22%	38.29%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-2.09%	25.44%	28.81%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-1.32%	22.11%	40.59%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-0.31%	21.65%	27.27%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-33.73%	-2.26%	17.27%	55.25%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	21.47%	1.99%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-12.08%	13.03%	71.90%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	61.42%	64.29%	49.46%	38.12%	51.73%	55.88%
EBITDA Margin	-146.85%	-67.27%	-75.27%	-305.76%	-87.52%	-16.66%
Operating Margin	-161.28%	-78.40%	-84.11%	-317.25%	-99.60%	-30.63%
EBIT Margin	-160.72%	-77.68%	-83.90%	-315.16%	-94.98%	-22.57%
Profit (Net Income) Margin	-160.75%	-77.70%	-72.13%	-324.75%	-114.69%	-26.80%
Tax Burden Percent	100.02%	100.03%	81.31%	99.71%	100.05%	100.25%
Interest Burden Percent	100.00%	100.00%	105.73%	103.34%	120.68%	118.45%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-921.31%	-56.51%	-207.36%	-398.13%	-102.82%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-892.46%	-43.71%	-104.76%	-294.37%	-84.92%
Return on Net Nonoperating Assets (RNNOA)	0.00%	829.95%	21.78%	50.60%	209.65%	50.07%
Return on Equity (ROE)	0.00%	-91.37%	-34.73%	-156.76%	-188.49%	-52.75%
Cash Return on Invested Capital (CROIC)	0.00%	-1,121.31%	-247.15%	-28.46%	-404.63%	-134.92%
Operating Return on Assets (OROA)	0.00%	-34.57%	-29.63%	-95.94%	-46.64%	-19.04%
Return on Assets (ROA)	0.00%	-34.59%	-25.47%	-98.86%	-56.32%	-22.61%
Return on Common Equity (ROCE)	0.00%	124.12%	-19.71%	-144.42%	-102.63%	24.22%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-45.68%	-21.83%	-620.12%	934.78%	77.04%
Net Operating Profit after Tax (NOPAT)	-57	-53	-138	-522	-109	-35
NOPAT Margin	-112.90%	-54.88%	-58.88%	-222.08%	-69.72%	-21.44%
Net Nonoperating Expense Percent (NNEP)	0.00%	-28.85%	-12.81%	-102.60%	-103.76%	-17.90%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-153.64%	-91.83%	61.63%
Cost of Revenue to Revenue	38.58%	35.71%	50.54%	61.88%	48.27%	44.12%
SG&A Expenses to Revenue	52.47%	31.35%	54.93%	59.15%	45.07%	31.20%
R&D to Revenue	95.91%	57.80%	39.33%	58.71%	52.02%	28.45%
Operating Expenses to Revenue	222.70%	142.70%	133.58%	355.37%	151.33%	86.51%
Earnings before Interest and Taxes (EBIT)	-81	-75	-197	-741	-149	-37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-74	-65	-177	-719	-137	-27
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	2.18	2.78	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	5.37	2.83	0.00	0.00
Price to Revenue (P/Rev)	7.10	3.75	7.20	1.46	4.04	6.65
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	51.86	2.91	9.25	24.00	29.92
Enterprise Value to Revenue (EV/Rev)	0.00	6.18	5.93	1.04	4.34	7.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.26	1.32	5.13	0.00
Long-Term Debt to Equity	0.00	0.00	0.26	1.32	5.13	0.00
Financial Leverage	0.00	-0.93	-0.50	-0.48	-0.71	-0.59
Leverage Ratio	0.00	1.32	1.36	1.59	3.35	2.33
Compound Leverage Factor	0.00	1.32	1.44	1.64	4.04	2.76
Debt to Total Capital	0.00%	0.00%	20.87%	56.94%	83.70%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	20.87%	56.94%	83.70%	0.00%
Preferred Equity to Total Capital	0.00%	235.85%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	3.51%	10.70%	27.95%	140.93%
Common Equity to Total Capital	0.00%	-135.85%	75.62%	32.35%	-11.64%	-40.93%
Debt to EBITDA	0.00	0.00	-1.21	-0.30	-1.01	0.00
Net Debt to EBITDA	0.00	0.00	1.89	0.19	-0.01	0.00
Long-Term Debt to EBITDA	0.00	0.00	-1.21	-0.30	-1.01	0.00
Debt to NOPAT	0.00	0.00	-1.55	-0.42	-1.27	0.00
Net Debt to NOPAT	0.00	0.00	2.41	0.26	-0.01	0.00
Long-Term Debt to NOPAT	0.00	0.00	-1.55	-0.42	-1.27	0.00
Altman Z-Score	0.00	2.50	3.02	-7.11	-7.81	6.02
Noncontrolling Interest Sharing Ratio	0.00%	235.85%	43.24%	7.87%	45.55%	145.92%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	5.31	10.21	11.17	5.38	3.47
Quick Ratio	0.00	4.76	9.68	10.62	4.92	2.97
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-64	-604	-72	-111	-46
Operating Cash Flow to CapEx	-10,161.90%	-4,917.78%	-6,760.55%	-9,207.83%	-21,741.23%	-132.51%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-53.54	-2.89	-3.61	-6.76
Operating Cash Flow to Interest Expense	0.00	0.00	-11.30	-7.68	-4.14	-1.93
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-11.47	-7.76	-4.16	-3.39
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.45	0.35	0.30	0.49	0.84
Accounts Receivable Turnover	0.00	6.41	9.56	8.28	7.64	9.07
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	20.90	43.63	39.54	32.38	19.92
Accounts Payable Turnover	0.00	9.98	24.70	39.23	44.15	31.16
Days Sales Outstanding (DSO)	0.00	56.94	38.18	44.07	47.78	40.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	36.59	14.78	9.30	8.27	11.71
Cash Conversion Cycle (CCC)	0.00	20.36	23.40	34.76	39.51	28.51
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	11	477	27	28	39
Invested Capital Turnover	0.00	16.79	0.96	0.93	5.71	4.80
Increase / (Decrease) in Invested Capital	0.00	11	466	-451	1.78	11
Enterprise Value (EV)	0.00	593	1,390	246	681	1,173
Market Capitalization	360	360	1,688	342	633	1,077
Book Value per Share	$0.00	($5.63)	$3.37	$0.52	($0.08)	($0.22)
Tangible Book Value per Share	$0.00	($5.66)	$1.37	$0.51	($0.09)	($0.23)
Total Capital	0.00	163	1,024	381	165	138
Total Debt	0.00	0.00	214	217	138	0.00
Total Long-Term Debt	0.00	0.00	214	217	138	0.00
Net Debt	0.00	-152	-333	-137	1.41	-98
Capital Expenditures (CapEx)	0.58	1.32	1.89	2.07	0.59	9.84
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-0.78	5.76	6.48	1.34	-2.26
Debt-free Net Working Capital (DFNWC)	0.00	151	553	361	138	96
Net Working Capital (NWC)	0.00	151	553	361	138	96
Net Nonoperating Expense (NNE)	24	22	31	241	71	8.69
Net Nonoperating Obligations (NNO)	0.00	-152	-333	-137	1.41	-98
Total Depreciation and Amortization (D&A)	7.03	10.00	20	22	12	9.57
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-0.81%	2.46%	2.75%	0.85%	-1.39%
Debt-free Net Working Capital to Revenue	0.00%	157.37%	235.82%	153.33%	88.15%	59.39%
Net Working Capital to Revenue	0.00%	157.37%	235.82%	153.33%	88.15%	59.39%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.30)	($3.28)	($0.76)	($0.24)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	131.99M	234.16M	245.21M	253.92M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.30)	($3.28)	($0.76)	($0.24)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	131.99M	234.16M	245.21M	253.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	232.41M	242.85M	252.05M	259.66M
Normalized Net Operating Profit after Tax (NOPAT)	-57	-53	-138	-197	-92	-30
Normalized NOPAT Margin	-112.90%	-54.88%	-58.88%	-83.70%	-58.59%	-18.21%
Pre Tax Income Margin	-160.72%	-77.68%	-88.71%	-325.70%	-114.63%	-26.73%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-17.44	-29.90	-4.84	-5.42
NOPAT to Interest Expense	0.00	0.00	-12.24	-21.07	-3.55	-5.15
EBIT Less CapEx to Interest Expense	0.00	0.00	-17.61	-29.99	-4.85	-6.88
NOPAT Less CapEx to Interest Expense	0.00	0.00	-12.41	-21.15	-3.57	-6.61
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.06%	0.00%	0.00%	0.00%	0.00%	-21.83%

This table displays calculated financial ratios and metrics derived from Blend Labs' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-38.20%	-47.17%	-47.80%	-34.67%	-26.67%	-15.62%	-6.40%	-5.45%	11.32%	14.69%
EBITDA Growth	-97.15%	-32.01%	11.09%	93.42%	75.02%	70.50%	75.97%	47.84%	106.38%	101.40%
EBIT Growth	-79.76%	-23.20%	15.94%	92.90%	73.48%	68.26%	73.49%	47.00%	92.23%	97.08%
NOPAT Growth	-84.10%	-25.54%	11.92%	92.21%	72.12%	70.90%	65.53%	63.67%	63.21%	91.83%
Net Income Growth	-73.91%	-13.89%	8.59%	91.31%	68.50%	62.70%	68.78%	53.19%	93.72%	97.67%
EPS Growth	-50.00%	-3.13%	12.50%	91.26%	68.42%	63.64%	67.86%	50.00%	83.33%	75.00%
Operating Cash Flow Growth	-61.40%	-9.76%	-1.77%	26.45%	48.72%	56.29%	91.71%	80.62%	108.02%	77.84%
Free Cash Flow Firm Growth	168.67%	0.00%	178.06%	113.96%	-105.41%	-104.29%	-104.83%	-109.26%	65.15%	29.21%
Invested Capital Growth	-93.89%	-94.43%	-94.99%	-54.65%	-16.99%	6.71%	21.22%	-20.28%	-9.10%	38.25%
Revenue Q/Q Growth	-15.54%	-22.71%	-12.74%	14.67%	-5.19%	-11.05%	-3.20%	15.83%	11.62%	-8.36%
EBITDA Q/Q Growth	73.55%	42.91%	20.93%	44.89%	-0.41%	32.58%	35.60%	-19.65%	112.27%	-85.22%
EBIT Q/Q Growth	73.15%	41.84%	20.46%	42.81%	-0.23%	30.39%	33.57%	-14.35%	85.30%	73.86%
NOPAT Q/Q Growth	72.45%	42.12%	18.26%	40.23%	1.42%	39.59%	3.16%	37.01%	0.15%	86.58%
Net Income Q/Q Growth	72.18%	38.65%	18.72%	37.32%	-0.80%	27.36%	31.98%	6.01%	86.47%	73.05%
EPS Q/Q Growth	72.33%	42.11%	15.15%	35.71%	0.00%	33.33%	25.00%	0.00%	66.67%	0.00%
Operating Cash Flow Q/Q Growth	-7.97%	6.24%	1.44%	26.29%	24.73%	20.07%	81.31%	-72.34%	131.14%	-320.91%
Free Cash Flow Firm Q/Q Growth	371.68%	6.50%	3.56%	-95.34%	-205.20%	15.40%	17.25%	91.07%	-295.96%	-71.81%
Invested Capital Q/Q Growth	-63.22%	-12.08%	-9.60%	55.15%	-32.68%	13.03%	-17.60%	2.03%	-23.24%	71.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.14%	33.67%	42.46%	54.87%	54.35%	54.64%	51.91%	53.55%	57.53%	59.72%
EBITDA Margin	-221.74%	-163.77%	-148.39%	-71.32%	-75.53%	-57.25%	-38.09%	-39.35%	4.33%	0.70%
Operating Margin	-234.60%	-175.66%	-164.55%	-85.77%	-89.18%	-60.57%	-60.59%	-32.95%	-29.48%	-4.32%
EBIT Margin	-228.67%	-172.07%	-156.83%	-78.22%	-82.69%	-64.72%	-44.42%	-43.85%	-5.77%	-1.65%
Profit (Net Income) Margin	-239.82%	-190.35%	-177.29%	-96.90%	-103.03%	-84.13%	-59.13%	-47.98%	-5.81%	-1.71%
Tax Burden Percent	100.01%	100.59%	100.11%	100.13%	100.11%	99.76%	100.20%	100.12%	100.69%	103.81%
Interest Burden Percent	104.87%	109.98%	112.93%	123.73%	124.46%	130.32%	132.85%	109.28%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-171.02%	-114.82%	-92.02%	-179.22%	-369.08%	-242.10%	-246.55%	-104.77%	-135.02%	-14.49%
ROIC Less NNEP Spread (ROIC-NNEP)	-156.21%	-102.57%	-79.63%	-168.05%	-353.44%	-219.93%	-230.35%	-91.74%	-144.47%	-15.61%
Return on Net Nonoperating Assets (RNNOA)	80.98%	49.54%	33.96%	118.12%	279.97%	156.63%	132.63%	64.03%	107.99%	9.20%
Return on Equity (ROE)	-90.04%	-65.27%	-58.06%	-61.10%	-89.11%	-85.47%	-113.92%	-40.74%	-27.03%	-5.29%
Cash Return on Invested Capital (CROIC)	0.00%	-28.46%	-24.38%	-280.13%	-511.69%	-404.63%	-324.67%	-170.93%	-194.20%	-134.92%
Operating Return on Assets (OROA)	-74.83%	-52.38%	-43.79%	-29.36%	-33.34%	-31.78%	-23.37%	-24.89%	-3.59%	-1.39%
Return on Assets (ROA)	-78.48%	-57.95%	-49.50%	-36.38%	-41.54%	-41.31%	-31.11%	-27.24%	-3.61%	-1.44%
Return on Common Equity (ROCE)	-82.94%	-60.14%	-52.83%	-48.69%	-60.90%	-46.54%	-32.36%	0.77%	6.17%	2.43%
Return on Equity Simple (ROE_SIMPLE)	-429.40%	0.00%	-1,061.85%	-779.98%	-3,670.47%	0.00%	375.66%	246.93%	147.35%	0.00%
Net Operating Profit after Tax (NOPAT)	-91	-53	-43	-26	-25	-15	-15	-9.34	-9.32	-1.25
NOPAT Margin	-164.22%	-122.96%	-115.18%	-60.04%	-62.42%	-42.40%	-42.41%	-23.07%	-20.63%	-3.02%
Net Nonoperating Expense Percent (NNEP)	-14.81%	-12.25%	-12.39%	-11.17%	-15.64%	-22.17%	-16.20%	-13.03%	9.45%	1.12%
Return On Investment Capital (ROIC_SIMPLE)	-	-15.47%	-	-	-	-12.85%	-	-	-	2.22%
Cost of Revenue to Revenue	61.86%	66.33%	57.54%	45.13%	45.65%	45.36%	48.09%	46.45%	42.47%	40.28%
SG&A Expenses to Revenue	58.06%	78.08%	55.39%	45.89%	38.97%	40.28%	39.87%	30.94%	29.08%	26.46%
R&D to Revenue	61.86%	77.71%	70.33%	51.60%	46.38%	39.93%	40.58%	31.91%	22.41%	21.40%
Operating Expenses to Revenue	272.73%	209.34%	207.01%	140.64%	143.53%	115.20%	112.50%	86.50%	87.01%	64.04%
Earnings before Interest and Taxes (EBIT)	-127	-74	-59	-33	-34	-23	-16	-18	-2.61	-0.68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-123	-70	-55	-31	-31	-21	-13	-16	1.96	0.29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.96	2.78	3.39	5.60	53.54	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	2.99	2.83	3.49	5.90	80.63	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.90	1.46	1.20	1.30	2.06	4.04	5.30	3.92	6.08	6.65
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	12.37	9.25	8.10	6.09	14.18	24.00	30.36	22.58	44.98	29.92
Enterprise Value to Revenue (EV/Rev)	1.37	1.04	0.97	1.27	2.17	4.34	5.72	4.41	6.55	7.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.00	1.32	1.92	2.58	4.29	5.13	12.21	0.04	0.01	0.00
Long-Term Debt to Equity	1.00	1.32	1.92	2.58	4.29	5.13	12.21	0.04	0.01	0.00
Financial Leverage	-0.52	-0.48	-0.43	-0.70	-0.79	-0.71	-0.58	-0.70	-0.75	-0.59
Leverage Ratio	1.53	1.59	1.64	2.36	3.05	3.35	4.69	2.42	2.66	2.33
Compound Leverage Factor	1.61	1.74	1.85	2.92	3.79	4.36	6.23	2.64	2.66	2.33
Debt to Total Capital	50.11%	56.94%	65.74%	72.06%	81.10%	83.70%	92.43%	3.63%	0.68%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	50.11%	56.94%	65.74%	72.06%	81.10%	83.70%	92.43%	3.63%	0.68%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	9.16%	10.70%	12.70%	14.32%	16.57%	27.95%	30.33%	128.32%	134.85%	140.93%
Common Equity to Total Capital	40.73%	32.35%	21.56%	13.63%	2.33%	-11.64%	-22.76%	-31.95%	-35.53%	-40.93%
Debt to EBITDA	-0.31	-0.30	-0.31	-0.78	-1.17	-1.01	-1.53	-0.06	-0.02	0.00
Net Debt to EBITDA	0.26	0.19	0.13	0.17	0.14	-0.01	-0.18	1.33	2.42	0.00
Long-Term Debt to EBITDA	-0.31	-0.30	-0.31	-0.78	-1.17	-1.01	-1.53	-0.06	-0.02	0.00
Debt to NOPAT	-0.42	-0.42	-0.42	-1.03	-1.49	-1.27	-1.79	-0.08	-0.02	0.00
Net Debt to NOPAT	0.36	0.26	0.17	0.22	0.18	-0.01	-0.21	1.66	2.37	0.00
Long-Term Debt to NOPAT	-0.42	-0.42	-0.42	-1.03	-1.49	-1.27	-1.79	-0.08	-0.02	0.00
Altman Z-Score	-1.25	-2.02	-2.94	-3.42	-3.92	-5.80	-5.66	-1.87	3.08	6.68
Noncontrolling Interest Sharing Ratio	7.89%	7.87%	9.02%	20.30%	31.66%	45.55%	71.59%	101.90%	122.83%	145.92%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	10.29	11.17	8.77	8.87	7.69	5.38	3.75	3.43	3.24	3.47
Quick Ratio	9.71	10.62	8.19	8.23	7.19	4.92	3.44	3.18	2.93	2.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	374	398	412	19	-20	-17	-20	-1.78	-7.04	-12
Operating Cash Flow to CapEx	-11,319.51%	-10,334.72%	-15,346.38%	-20,229.41%	-83,506.45%	-25,232.93%	-196.95%	-357.04%	60.49%	-177.68%
Free Cash Flow to Firm to Interest Expense	60.69	54.17	54.46	2.42	-2.46	-2.41	-3.91	-1.08	0.00	0.00
Operating Cash Flow to Interest Expense	-8.20	-6.44	-6.16	-4.33	-3.15	-2.92	-0.76	-4.04	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-8.27	-6.50	-6.20	-4.35	-3.16	-2.93	-1.14	-5.18	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.30	0.28	0.38	0.40	0.49	0.53	0.57	0.62	0.84
Accounts Receivable Turnover	9.36	8.28	7.51	6.83	6.94	7.64	8.11	7.43	8.83	9.07
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	37.84	39.54	35.57	31.80	31.18	32.38	27.12	24.17	22.11	19.92
Accounts Payable Turnover	34.88	39.23	61.45	32.07	37.56	44.15	37.09	33.32	35.73	31.16
Days Sales Outstanding (DSO)	39.00	44.07	48.59	53.43	52.59	47.78	44.99	49.13	41.31	40.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.46	9.30	5.94	11.38	9.72	8.27	9.84	10.96	10.22	11.71
Cash Conversion Cycle (CCC)	28.53	34.76	42.65	42.04	42.87	39.51	35.15	38.17	31.10	28.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	30	27	24	37	25	28	29	30	23	39
Invested Capital Turnover	1.04	0.93	0.80	2.99	5.91	5.71	5.81	4.54	6.54	4.80
Increase / (Decrease) in Invested Capital	-465	-451	-455	-45	-5.14	1.78	5.10	-7.56	-2.28	11
Enterprise Value (EV)	374	246	195	227	356	681	884	671	1,026	1,173
Market Capitalization	519	342	242	231	337	633	819	596	953	1,077
Book Value per Share	$0.75	$0.52	$0.29	$0.17	$0.03	($0.08)	($0.14)	($0.18)	($0.20)	($0.22)
Tangible Book Value per Share	$0.74	$0.51	$0.29	$0.16	$0.02	($0.09)	($0.15)	($0.19)	($0.20)	($0.23)
Total Capital	431	381	331	303	270	165	157	142	140	138
Total Debt	216	217	218	218	219	138	145	5.17	0.96	0.00
Total Long-Term Debt	216	217	218	218	219	138	145	5.17	0.96	0.00
Net Debt	-185	-137	-89	-47	-26	1.41	17	-107	-116	-98
Capital Expenditures (CapEx)	0.45	0.46	0.30	0.17	0.03	0.08	1.96	1.87	3.43	2.58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8.89	6.48	3.38	8.90	1.42	1.34	-11	-12	-16	-2.26
Debt-free Net Working Capital (DFNWC)	410	361	310	274	246	138	117	101	101	96
Net Working Capital (NWC)	410	361	310	274	246	138	117	101	101	96
Net Nonoperating Expense (NNE)	42	29	23	16	16	15	5.84	10	-6.70	-0.54
Net Nonoperating Obligations (NNO)	-185	-137	-89	-47	-26	1.41	17	-107	-116	-98
Total Depreciation and Amortization (D&A)	3.83	3.55	3.15	2.96	2.91	2.70	2.21	1.82	4.56	0.97
Debt-free, Cash-free Net Working Capital to Revenue	3.25%	2.75%	1.68%	4.99%	0.87%	0.85%	-7.16%	-7.63%	-9.97%	-1.39%
Debt-free Net Working Capital to Revenue	149.84%	153.33%	154.34%	153.96%	150.66%	88.15%	75.73%	66.39%	64.55%	59.39%
Net Working Capital to Revenue	149.84%	153.33%	154.34%	153.96%	150.66%	88.15%	75.73%	66.39%	64.55%	59.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.57)	($0.33)	($0.28)	($0.18)	($0.18)	($0.12)	($0.09)	($0.09)	($0.03)	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	235.27M	234.16M	241.44M	244.26M	246.41M	245.21M	250.93M	253.07M	254.91M	253.92M
Adjusted Diluted Earnings per Share	($0.57)	($0.33)	($0.28)	($0.18)	($0.18)	($0.12)	($0.09)	($0.09)	($0.03)	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	235.27M	234.16M	241.44M	244.26M	246.41M	245.21M	250.93M	253.07M	254.91M	253.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	237.70M	242.85M	243.85M	245.89M	248.20M	252.05M	252.38M	254.24M	255.93M	259.66M
Normalized Net Operating Profit after Tax (NOPAT)	-46	-51	-34	-24	-19	-15	-14	-9.19	-5.01	-1.17
Normalized NOPAT Margin	-83.54%	-118.12%	-91.22%	-56.20%	-46.69%	-41.05%	-40.45%	-22.71%	-11.08%	-2.82%
Pre Tax Income Margin	-239.79%	-189.24%	-177.10%	-96.78%	-102.92%	-84.34%	-59.01%	-47.92%	-5.77%	-1.65%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-20.55	-10.02	-7.74	-4.21	-4.09	-3.30	-3.04	-10.77	0.00	0.00
NOPAT to Interest Expense	-14.76	-7.16	-5.68	-3.23	-3.09	-2.16	-2.91	-5.67	0.00	0.00
EBIT Less CapEx to Interest Expense	-20.63	-10.08	-7.78	-4.24	-4.09	-3.31	-3.43	-11.90	0.00	0.00
NOPAT Less CapEx to Interest Expense	-14.83	-7.22	-5.72	-3.26	-3.09	-2.17	-3.29	-6.80	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-21.83%

Frequently Asked Questions About Blend Labs' Financials

When does Blend Labs's financial year end?

According to the most recent income statement we have on file, Blend Labs' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Blend Labs' net income changed over the last 5 years?

Blend Labs' net income appears to be on an upward trend, with a most recent value of -$43.42 million in 2024, falling from -$81.45 million in 2019. The previous period was -$179.88 million in 2023. Check out Blend Labs' forecast to explore projected trends and price targets.

What is Blend Labs's operating income?

Blend Labs's total operating income in 2024 was -$49.62 million, based on the following breakdown:

Total Gross Profit: $90.54 million
Total Operating Expenses: $140.16 million

How has Blend Labs revenue changed over the last 5 years?

Over the last 5 years, Blend Labs' total revenue changed from $50.67 million in 2019 to $162.02 million in 2024, a change of 219.7%.

How much debt does Blend Labs have?

Blend Labs' total liabilities were at $40.33 million at the end of 2024, a 77.5% decrease from 2023, and a 23.0% decrease since 2020.

How much cash does Blend Labs have?

In the past 4 years, Blend Labs' cash and equivalents has ranged from $30.96 million in 2023 to $213.08 million in 2021, and is currently $42.24 million as of their latest financial filing in 2024.

How has Blend Labs' book value per share changed over the last 5 years?

Over the last 5 years, Blend Labs' book value per share changed from 0.00 in 2019 to -0.22 in 2024, a change of -22.0%.

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This page (NYSE:BLND) was last updated on 5/4/2025 by MarketBeat.com Staff

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Blend Labs (BLND) Financials

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