Blend Labs Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	156.85	235.2	234.5	96.03	50.67
Revenue Growth (YoY)	-33.31%	0.30%	144.19%	89.51%	-
Cost of Revenue	75.71	145.55	118.51	34.29	19.55
Gross Profit	81.14	89.65	115.99	61.74	31.12
Selling, General & Admin	130.82	224.37	212.88	81.53	64.25
Research & Development	81.59	138.09	92.22	55.5	48.6
Other Operating Expenses	24.95	473.37	8.14	0	0
Operating Expenses	237.36	835.83	313.23	137.03	112.85
Operating Income	-156.22	-746.18	-197.24	-75.29	-81.72
Interest Expense / Income	30.81	24.79	11.28	0	0
Other Expense / Income	-8.43	-48.55	0.28	-0.7	-0.28
Pretax Income	-178.6	-722.41	-208.8	-74.59	-81.44
Income Tax	0.09	-2.24	-38.89	0.03	0.01
Net Income	-178.69	-720.17	-169.91	-74.62	-81.45
Preferred Dividends	6.63	48.44	1.43	0	0
Net Income Common	-185.32	-768.61	-171.34	-74.62	-81.45
Shares Outstanding (Basic)	245	234	132	39	33
Shares Outstanding (Diluted)	245	234	132	39	33
Shares Change	4.72%	77.41%	234.93%	20.23%	-
EPS (Basic)	-0.76	-3.28	-1.30	-1.89	-2.49
EPS (Diluted)	-0.76	-3.28	-1.30	-1.89	-2.49
Free Cash Flow	-128.21	-192.49	-129.39	-66.34	-59.52
Free Cash Flow Per Share	-0.52	-0.82	-0.98	-1.68	-1.82
Gross Margin	51.73%	38.12%	49.46%	64.29%	61.42%
Operating Margin	-99.60%	-317.25%	-84.11%	-78.40%	-161.28%
Profit Margin	-118.15%	-326.79%	-73.07%	-77.70%	-160.75%
Free Cash Flow Margin	-81.74%	-81.84%	-55.18%	-69.08%	-117.46%
EBITDA	-142.03	-683.21	-183.71	-68.24	-76.68
EBITDA Margin	-90.55%	-290.48%	-78.34%	-71.07%	-151.32%
Depreciation & Amortization	5.76	14.42	13.81	6.35	4.76
EBIT	-147.79	-697.62	-197.52	-74.59	-81.44
EBIT Margin	-94.22%	-296.61%	-84.23%	-77.68%	-160.72%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).