Blend Labs, Inc. (BLND)

Blend Labs Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	36.5	42.24	30.96	124.2	213.08	41.09
Short-Term Investments	51.8	56.23	105.96	229.95	334.15	112.79
Cash & Short-Term Investments	88.3	98.48	136.92	354.15	547.23	153.88
Cash Growth	-21.58%	-28.08%	-61.34%	-35.28%	255.62%	20.91%
Receivables	16.26	19.9	19.94	23.97	39.44	22.06
Prepaid Expenses	6.25	7.13	9.61	11.3	14.26	4.13
Restricted Cash	5.02	5.02	-	-	-	0.17
Other Current Assets	11	4.64	3.36	6.68	12.09	5.91
Total Current Assets	126.83	135.17	169.84	396.1	613.02	186.15
Property, Plant & Equipment	22.96	13.79	12.51	17.41	20.87	17.28
Long-Term Investments	13.8	9.8	5.38	-	5.5	-
Goodwill	-	-	-	-	287.23	-
Other Intangible Assets	0.07	2.08	2.11	2.13	173.01	1.21
Long-Term Deferred Charges	3.5	2.97	2.45	1.89	4.18	5.41
Other Long-Term Assets	5.41	3.7	8.27	15.24	8.69	5.7
Total Assets	183.07	178.01	206.07	432.76	1,112	215.75
Accounts Payable	1.2	2.42	2.17	1.26	6.16	3.44
Accrued Expenses	11.93	13.93	14.94	18.94	35.17	15.07
Current Portion of Leases	0.96	3.03	4.38	4.09	3.86	2.58
Current Unearned Revenue	32.75	19.24	8.98	8.7	8.07	13.62
Other Current Liabilities	5.91	0.33	1.11	2.49	6.77	0.32
Total Current Liabilities	52.74	38.95	31.57	35.47	60.03	35.03
Long-Term Debt	-	-	138.33	216.8	213.84	-
Long-Term Leases	1.42	0.8	6.98	11.09	14.61	14
Long-Term Deferred Tax Liabilities	-	-	-	-	2.86	-
Other Long-Term Liabilities	1.23	0.58	2.23	5.48	10.55	3.38
Total Liabilities	55.4	40.33	179.12	268.84	301.9	52.41
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	1,378	1,328	1,322	1,287	1,218	50.97
Retained Earnings	-1,401	-1,385	-1,342	-1,163	-442.77	-272.85
Comprehensive Income & Other	0.51	0.6	0.44	-0.71	-0.81	-0.01
Total Common Equity	-22.57	-56.36	-19.24	123.17	774.64	-221.89
Minority Interest	-	52.38	46.19	40.75	35.95	-
Shareholders' Equity	127.68	137.68	26.95	163.92	810.59	163.34
Total Liabilities & Equity	183.07	178.01	206.07	432.76	1,112	215.75
Total Debt	2.38	3.83	149.7	231.98	232.31	16.58
Net Cash (Debt)	85.92	94.64	-12.77	122.17	314.92	137.3
Net Cash Growth	-16.37%	-	-	-61.21%	129.37%	7.88%
Net Cash Per Share	0.33	0.37	-0.05	0.52	2.39	3.48
Filing Date Shares Outstanding	259.32	259.66	252.05	242.85	232.41	47.95
Total Common Shares Outstanding	260.05	258.17	249.91	240.93	230.32	47.95
Working Capital	74.09	96.22	138.26	360.62	552.99	151.12
Book Value Per Share	-0.09	-0.22	-0.08	0.51	3.36	-4.63
Tangible Book Value	-22.64	-58.44	-21.35	121.05	314.41	-223.1
Tangible Book Value Per Share	-0.09	-0.23	-0.09	0.50	1.37	-4.65
Machinery	1.13	3.72	8.15	7.73	5.85	3.37
Leasehold Improvements	-	-	4.89	4.88	4.94	4.46

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q