Blend Labs, Inc. (BLND)

Blend Labs Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	123.59	115.76	109.55	235.2	234.5
Revenue Growth (YoY)	6.76%	5.67%	-53.42%	0.30%	144.19%
Cost of Revenue	32.42	32.54	33.09	145.55	118.51
Gross Profit	91.17	83.22	76.46	89.65	115.99
Selling, General & Admin	79.19	80.1	118.75	224.37	212.88
Depreciation & Amortization Expenses	-	-	-	8.41	8.14
Research & Development	32.84	46.09	81.26	138.09	92.22
Other Operating Expenses	0.87	5.88	20.06	464.96	-
Total Operating Expenses	112.9	132.07	220.07	835.83	313.23
Operating Income	-21.74	-48.85	-143.61	-746.18	-197.24
Interest Expense	-	-6.75	-30.81	-24.79	-11.28
Other Non-Operating Income (Expense)	20.86	12.94	7.03	4.92	0.49
Total Non-Operating Income (Expense)	20.86	6.19	-23.78	-19.87	-10.79
Pretax Income	-0.88	-42.65	-167.39	-766.05	-208.03
Provision for Income Taxes	-0.25	-0.11	-0.09	2.24	38.89
Net Income	-25.89	-60.48	-185.32	-768.61	-171.34
Minority Interest in Earnings	1.07	6.19	5.44	4.8	2.2
Net Income Attributable to Preferred Dividends	17.83	10.88	-	-	-
Earnings From Discontinued Operations	-5.86	-0.66	-12.4	-	-
Net Income to Common	-25.89	-60.48	-185.32	-768.61	-171.34
Shares Outstanding (Basic)	259	254	245	234	132
Shares Outstanding (Diluted)	259	254	245	234	132
Shares Change (YoY)	1.98%	3.55%	4.72%	77.42%	234.93%
EPS (Basic)	-0.10	-0.24	-0.76	-3.28	-1.30
EPS (Diluted)	-0.10	-0.24	-0.76	-3.28	-1.30
Shares Outstanding	256.04	258.17	249.91	240.93	230.32
Free Cash Flow	-0.08	-22.79	-127.66	-192.49	-129.39
Free Cash Flow Per Share	-0.00	-0.09	-0.52	-0.82	-0.98
Gross Margin	73.77%	71.89%	69.79%	38.12%	49.46%
Operating Margin	-17.59%	-42.19%	-131.09%	-317.25%	-84.11%
Profit Margin	-0.91%	-36.94%	-152.88%	-324.75%	-72.13%
FCF Margin	-0.07%	-19.68%	-116.53%	-81.84%	-55.18%
EBITDA	-18.45	-47.51	-142.09	-735.41	-186.64
EBITDA Margin	-14.93%	-41.04%	-129.71%	-312.67%	-79.59%
EBIT	-21.74	-48.85	-143.61	-746.18	-197.24
EBIT Margin	-17.59%	-42.19%	-131.09%	-317.25%	-84.11%
Effective Tax Rate	28.36%	0.26%	0.06%	-0.29%	-18.69%

Updated Mar 10, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q