BLND on NYSE

Blend Labs, Inc.

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Last updated Oct 16, 2026.

Overview

$123.6MRevenue, fiscal 20252
-$6.8MNet income, fiscal 20252

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  • TickerBLND on NYSE
  • IndustryServices-Computer Programming, Data Processing, Etc.
  • HeadquartersDE
  • Incorporated inDE3
  • Business address7250 Redwood Blvd., Suite 300, Novato, Ca 949453
  • Filer category, Emerging growth company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

73.8%Gross margin2
-17.6%Operating margin2
-5.5%Net margin2
6.8%Revenue growth, 20252

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue26¢$32.4M
  • Research and development27¢$32.8M
  • Other costs47¢$58.1M
  • Income tax0¢$249.0K

Out of $123.6M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks100¢$24.9M

Out of $11.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Revenue45672$123.6M in 2025+144% since 2019
0$100.0M$200.0M$300.0M2019: $50.7M$50.7M20192020: $96.0M$96.0M2020+90%2021: $234.5M$234.5M2021+144%2022: $235.2M$235.2M2022+0%2023: $109.5M$109.5M2023−53%2024: $115.8M$115.8M2024+6%2025: $123.6M$123.6M2025+7%
Gross profit45672$91.2M in 2025+193% since 2019
0$50.0M$100.0M$150.0M2019: $31.1M$31.1M20192020: $61.7M$61.7M2020+98%2021: $116.0M$116.0M2021+88%2022: $89.7M$89.7M2022−23%2023: $76.5M$76.5M2023−15%2024: $83.2M$83.2M2024+9%2025: $91.2M$91.2M2025+10%
Operating income45672-$21.7M in 2025−73% since 2019
-$800.0M-$600.0M-$400.0M-$200.0M02019: -$81.7M-$81.7M20192020: -$75.3M-$75.3M2020−8%2021: -$197.2M-$197.2M2021+162%2022: -$746.2M-$746.2M2022+278%2023: -$143.6M-$143.6M2023−81%2024: -$48.8M-$48.8M2024−66%2025: -$21.7M-$21.7M2025−56%
Net income45672-$6.8M in 2025−92% since 2019
-$800.0M-$600.0M-$400.0M-$200.0M02019: -$81.5M-$81.5M20192020: -$74.6M-$74.6M2020−8%2021: -$169.9M-$169.9M2021+128%2022: -$720.2M-$720.2M2022+324%2023: -$178.7M-$178.7M2023−75%2024: -$43.3M-$43.3M2024−76%2025: -$6.8M-$6.8M2025−84%
Fiscal year20182019202020212022202320242025
Revenue$50.7M4$96.0M5$234.5M6$235.2M7$109.5M2$115.8M2$123.6M2
Cost of revenue$19.5M4$34.3M5$118.5M6$145.6M7$33.1M2$32.5M2$32.4M2
Gross profit$31.1M4$61.7M5$116.0M6$89.7M7$76.5M2$83.2M2$91.2M2
Research and development$48.6M4$55.5M5$92.2M6$138.1M7$81.3M2$46.1M2$32.8M2
Operating income-$81.7M4-$75.3M5-$197.2M6-$746.2M7-$143.6M2-$48.8M2-$21.7M2
Interest$04$05$11.3M6$24.8M6$30.8M6
Income tax$13.0K4$26.0K5-$38.9M6-$2.2M7$94.0K2$109.0K2$249.0K2
Net income-$81.5M4-$74.6M5-$169.9M6-$720.2M7-$178.7M2-$43.3M2-$6.8M2
Earnings per share-$2.494-$1.895-$1.306-$3.287-$0.762-$0.242-$0.102
Earnings per share (diluted)-$2.494-$1.895-$1.306-$3.287-$0.762-$0.242-$0.102

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Recent filings

  1. Oct 14, 20264
  2. Oct 13, 2026144
  3. Oct 7, 20264
  4. Oct 5, 2026144
  5. Sep 30, 20264
  6. Sep 28, 2026144
  7. Sep 23, 20264
  8. Sep 21, 20268-K
  9. Sep 21, 2026144
  10. Sep 21, 20263
  11. Sep 16, 20264
  12. Sep 15, 20264
  13. Sep 14, 2026144
  14. Sep 11, 2026144
  15. Aug 24, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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