Blend Labs, Inc. (BLND) — Financial statements
Income statement, balance sheet, and cash flow for Blend Labs, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 124↓23.7% | 162↑3.3% | 157↓33.3% | 235↑0.3% | 234 | |
| Cost of Revenue | 32↓54.6% | 71↓5.6% | 76↓48.0% | 146↑22.8% | 119 | |
| Gross Profit | 91↑0.7% | 91↑11.6% | 81↓9.5% | 90↓22.7% | 116 | |
| Operating Expenses | ||||||
| R&D Expenses | 33↓28.7% | 46↓43.5% | 82↓40.9% | 138↑49.8% | 92 | |
| General & Administrative Expenses | 50↓0.9% | 51↓28.5% | 71↓49.2% | 139↑8.0% | 129 | |
| Selling & Marketing Expenses | 29↓19.4% | 36↓40.0% | 60↓29.5% | 85↑1.4% | 84 | |
| SG&A Expenses | 79↓8.6% | 87↓33.8% | 131↓41.7% | 224↑5.4% | 213 | |
| Other Expenses | 0.00↓100.0% | 7↓70.1% | 25↓94.7% | 473↑5718.2% | 8 | |
| Operating Expenses | 112↓20.1% | 140↓40.9% | 237↓71.6% | 836↑166.8% | 313 | |
| Total Costs & Expenses | 144↓31.7% | 212↓32.4% | 313↓68.1% | 981↑127.3% | 432 | |
| Operating Results | ||||||
| Operating Income | -21↑58.0% | -50↑68.2% | -156↑79.1% | -746↓278.3% | -197 | |
| Depreciation & Amortization | 4↓20.8% | 5↓16.3% | 6↓60.0% | 14↑4.4% | 14 | |
| EBITDA | 3↑109.3% | -32↑77.8% | -143↑80.3% | -727↓297.3% | -183 | |
| EBIT | -0.88↑97.6% | -37↑75.5% | -149↑79.9% | -741↓276.8% | -197 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00↑100.0% | -7↑78.1% | -31↓24.3% | -25↓119.8% | -11 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.00↓100.0% | 7↓78.1% | 31↑24.3% | 25↑119.8% | 11 | |
| Non-Operating Income | -20↓53.1% | -13↓80.1% | -7↓47.4% | -5↓897.2% | -0.49 | |
| Other Income / Expenses | 20↑216.7% | 6↑126.8% | -24↓18.6% | -20↓84.3% | -11 | |
| Income Before Tax | -0.88↑98.0% | -43↑75.9% | -180↑76.5% | -766↓268.2% | -208 | |
| Income Tax Expense | 0.25↑128.4% | 0.11↑16.0% | 0.09↑104.2% | -2↑94.2% | -39 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -1↑97.4% | -43↑75.9% | -180↑76.4% | -764↓351.6% | -169 | |
| Net Income from Discontinued Operations | -6 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -8↑83.8% | -50↑73.2% | -185↑75.9% | -769↓348.6% | -171 | |
| Bottom-Line Net Income | -26↑57.2% | -60↑67.4% | -185↑75.9% | -769↓348.6% | -171 | |
| EPS (Basic) | -0.10↑58.3% | -0.24↑68.4% | -0.76↑76.8% | -3.28↓343.2% | -0.74 | |
| EPS (Diluted) | -0.10↑58.3% | -0.24↑68.4% | -0.76↑76.8% | -3.28↓343.2% | -0.74 | |
| Weighted Average Shares | 259↑2.0% | 254↑3.6% | 245↑4.7% | 234↑1.7% | 230 | |
| Weighted Average Diluted Shares | 259↑2.0% | 254↑3.6% | 245↑4.7% | 234↑1.7% | 230 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.