Blend Labs, Inc. (BLND)

Blend Labs Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	167.53	162.02	156.85	235.2	234.5	96.03
Revenue Growth (YoY)	37.61%	3.30%	-33.31%	0.30%	144.19%	89.52%
Cost of Revenue	71.15	71.48	75.71	145.55	118.51	34.29
Gross Profit	96.38	90.54	81.14	89.65	115.99	61.74
Selling, General & Admin	82.9	86.61	130.82	224.37	212.88	81.53
Research & Development	32.24	46.09	81.59	138.09	92.22	55.5
Amortization of Goodwill & Intangibles	-	-	-	8.41	8.14	-
Operating Expenses	115.13	132.69	212.41	370.87	313.23	137.03
Operating Income	-18.75	-42.15	-131.27	-281.22	-197.24	-75.29
Interest Expense	-	-6.75	-30.81	-24.79	-11.28	-
Interest & Investment Income	4.2	5.4	11.4	2.4	0.4	1
Currency Exchange Gain (Loss)	-	-	-	-0.5	-	-
Other Non Operating Income (Expenses)	0.52	0.14	-0.15	0.13	0.09	-0.3
EBT Excluding Unusual Items	-14.03	-43.36	-150.84	-303.98	-208.03	-74.59
Merger & Restructuring Charges	-2.52	-7.47	-24.95	-15.28	-	-
Impairment of Goodwill	-	-	-	-287.2	-	-
Gain (Loss) on Sale of Investments	16.58	4.42	-	2.88	-	-
Gain (Loss) on Sale of Assets	-0.61	8.6	-	-	-	-
Asset Writedown	-	-	-	-162.48	-	-
Other Unusual Items	-0.02	-5.5	-4	-	-	-
Pretax Income	-0.61	-43.31	-179.79	-766.05	-208.03	-74.59
Income Tax Expense	0.11	0.11	0.09	-2.24	-38.89	0.03
Earnings From Continuing Operations	-0.73	-43.42	-179.88	-763.81	-169.14	-74.62
Minority Interest in Earnings	0.07	0.07	1.19	43.64	-0.77	-
Net Income	-4.17	-43.35	-178.69	-720.17	-169.91	-74.62
Preferred Dividends & Other Adjustments	20.07	17.14	6.63	48.44	1.43	-
Net Income to Common	-24.24	-60.48	-185.32	-768.61	-171.34	-74.62
Shares Outstanding (Basic)	259	254	245	234	132	39
Shares Outstanding (Diluted)	259	254	245	234	132	39
Shares Change (YoY)	2.67%	3.55%	4.72%	77.42%	234.93%	20.23%
EPS (Basic)	-0.09	-0.24	-0.76	-3.28	-1.30	-1.89
EPS (Diluted)	-0.10	-0.24	-0.76	-3.28	-1.30	-1.89
Free Cash Flow	-7.25	-22.89	-128.21	-192.49	-129.39	-66.34
Free Cash Flow Per Share	-0.03	-0.09	-0.52	-0.82	-0.98	-1.68
Gross Margin	57.53%	55.88%	51.73%	38.12%	49.46%	64.29%
Operating Margin	-11.19%	-26.02%	-83.70%	-119.57%	-84.11%	-78.40%
Profit Margin	-14.47%	-37.33%	-118.15%	-326.79%	-73.07%	-77.70%
Free Cash Flow Margin	-4.33%	-14.13%	-81.74%	-81.84%	-55.18%	-69.08%
EBITDA	-17.94	-40.36	-128.81	-270.46	-186.64	-71.3
EBITDA Margin	-10.71%	-24.91%	-82.13%	-114.99%	-79.59%	-74.25%
D&A For EBITDA	0.81	1.79	2.46	10.77	10.61	3.99
EBIT	-18.75	-42.15	-131.27	-281.22	-197.24	-75.29
EBIT Margin	-11.19%	-26.02%	-83.70%	-119.57%	-84.11%	-78.40%
Revenue as Reported	167.53	162.02	156.85	235.2	234.5	-
Advertising Expenses	-	1.8	3.9	5.2	-	3.6

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q