Blend Labs Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	55.02	42.24	30.96	124.2	213.08	41.09
Short-Term Investments	22.23	56.23	105.96	229.95	334.15	112.79
Cash & Short-Term Investments	77.26	98.48	136.92	354.15	547.23	153.88
Cash Growth	-33.85%	-28.08%	-61.34%	-35.28%	255.62%	20.91%
Receivables	15.34	19.9	19.94	23.97	39.44	22.06
Prepaid Expenses	7.55	7.13	9.61	11.3	14.26	4.13
Restricted Cash	5.02	5.02	-	-	-	0.17
Other Current Assets	10.82	4.64	3.36	6.68	12.09	5.91
Total Current Assets	115.99	135.17	169.84	396.1	613.02	186.15
Property, Plant & Equipment	24.55	13.79	12.51	17.41	20.87	17.28
Long-Term Investments	30.38	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	3.24	2.97	2.45	1.89	4.18	5.41
Other Long-Term Assets	4.84	3.7	8.27	15.24	8.69	5.7
Total Assets	189.57	178.01	206.07	432.76	1,112	215.75
Accounts Payable	0.77	2.42	2.17	1.26	6.16	3.44
Accrued Expenses	12.99	13.93	14.94	18.94	35.17	15.07
Current Portion of Leases	0.31	3.03	4.38	4.09	3.86	2.58
Current Unearned Revenue	25.33	19.24	8.98	8.7	8.07	13.62
Other Current Liabilities	6.28	0.33	1.11	2.49	6.77	0.32
Total Current Liabilities	45.67	38.95	31.57	35.47	60.03	35.03
Long-Term Debt	-	-	138.33	216.8	213.84	-
Long-Term Leases	1.31	0.8	6.98	11.09	14.61	14
Long-Term Deferred Tax Liabilities	-	-	-	-	2.86	-
Other Long-Term Liabilities	0.27	0.58	2.23	5.48	10.55	3.38
Total Liabilities	47.25	40.33	179.12	268.84	301.9	52.41
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	1,375	1,328	1,322	1,287	1,218	50.97
Retained Earnings	-1,388	-1,385	-1,342	-1,163	-442.77	-272.85
Comprehensive Income & Other	0.56	0.6	0.44	-0.71	-0.81	-0.01
Total Common Equity	-12.49	-56.36	-19.24	123.17	774.64	-221.89
Minority Interest	-	52.38	46.19	40.75	35.95	-
Shareholders' Equity	142.31	137.68	26.95	163.92	810.59	163.34
Total Liabilities & Equity	189.57	178.01	206.07	432.76	1,112	215.75
Total Debt	1.61	3.83	149.7	231.98	232.31	16.58
Net Cash (Debt)	75.64	94.64	-12.77	122.17	314.92	137.3
Net Cash Growth	-32.17%	-	-	-61.21%	129.37%	7.88%
Net Cash Per Share	0.29	0.37	-0.05	0.52	2.39	3.48
Filing Date Shares Outstanding	259.75	259.66	252.05	242.85	232.41	47.95
Total Common Shares Outstanding	260.1	258.17	249.91	240.93	230.32	47.95
Working Capital	70.32	96.22	138.26	360.62	552.99	151.12
Book Value Per Share	-0.05	-0.22	-0.08	0.51	3.36	-4.63
Tangible Book Value	-12.55	-58.44	-21.35	121.05	314.41	-223.1
Tangible Book Value Per Share	-0.05	-0.23	-0.09	0.50	1.37	-4.65
Machinery	1.2	3.72	8.15	7.73	5.85	3.37
Leasehold Improvements	-	-	4.89	4.88	4.94	4.46

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

SEC Filings: 10-K · 10-Q