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	132.56	162.02	156.85	235.2	234.5	96.03
Revenue Growth (YoY)	8.88%	3.30%	-33.31%	0.30%	144.19%	89.52%
Cost of Revenue	41.11	71.48	75.71	145.55	118.51	34.29
Gross Profit	91.45	90.54	81.14	89.65	115.99	61.74
Selling, General & Admin	77.27	86.61	130.82	224.37	212.88	81.53
Depreciation & Amortization Expenses	-	-	-	8.41	8.14	-
Research & Development	32.24	46.09	81.59	138.09	92.22	55.5
Other Operating Expenses	0.96	7.47	24.95	464.96	-	-
Total Operating Expenses	110.46	140.16	237.36	835.83	313.23	137.03
Operating Income	-19.02	-49.62	-156.22	-746.18	-197.24	-75.29
Interest Expense	-	-6.75	-30.81	-24.79	-11.28	-
Other Non-Operating Income (Expense)	20.66	13.06	7.25	4.92	0.49	0.7
Total Non-Operating Income (Expense)	20.66	6.31	-23.56	-19.87	-10.79	0.7
Pretax Income	1.57	-43.31	-179.79	-766.05	-208.03	-74.59
Provision for Income Taxes	-0.12	-0.11	-0.09	2.24	38.89	-0.03
Net Income	-24.24	-60.48	-185.32	-768.61	-171.34	-74.62
Minority Interest in Earnings	2.83	6.33	7.81	92.08	0.66	-
Net Income Attributable to Preferred Dividends	17.31	10.88	-	-	-	-
Earnings From Discontinued Operations	-5.68	-	-	-	-	-
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)	261	254	245	234	132	39
Shares Change (YoY)	3.57%	3.55%	4.72%	77.42%	234.93%	20.23%
EPS (Basic)	-0.07	-0.24	-0.76	-3.28	-1.30	-1.89
EPS (Diluted)	-0.08	-0.24	-0.76	-3.28	-1.30	-1.89
Free Cash Flow	-6.75	-22.39	-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	68.99%	55.88%	51.73%	38.12%	49.46%	64.29%
Operating Margin	-14.34%	-30.63%	-99.60%	-317.25%	-84.11%	-78.40%
Profit Margin	-3.19%	-26.80%	-114.69%	-324.75%	-72.13%	-77.70%
FCF Margin	-5.09%	-13.82%	-81.74%	-81.84%	-55.18%	-69.08%
EBITDA	-16.44	-47.33	-153.76	-735.41	-186.64	-71.3
EBITDA Margin	-12.40%	-29.21%	-98.03%	-312.67%	-79.59%	-74.25%
EBIT	-19.02	-49.62	-156.22	-746.18	-197.24	-75.29
EBIT Margin	-14.34%	-30.63%	-99.60%	-317.25%	-84.11%	-78.40%
Effective Tax Rate	-7.90%	0.25%	0.05%	-0.29%	-18.69%	0.03%

Updated Nov 6, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q