Blend Labs, Inc. (BLND)

Apartment Income REIT Cash Flow 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-19.32	-43.35	-178.69	-720.17	-169.91	-74.62
Depreciation & Amortization	3.49	4.32	5.76	14.42	13.81	6.35
Other Amortization	1.8	2.26	5.95	7.7	6.42	3.65
Loss (Gain) From Sale of Assets	-9.21	-9.21	-	-	-	-
Asset Writedown & Restructuring Costs	2.99	2.99	-	449.68	-	-
Loss (Gain) From Sale of Investments	-	-4.42	-	-2.88	-	-
Stock-Based Compensation	26.35	28.08	46.02	109.7	70.84	10.12
Other Operating Activities	4.53	4.39	-2.4	-44.37	-35.6	0.72
Change in Accounts Receivable	-2.67	0.92	4.27	12.29	-5.84	-12.17
Change in Accounts Payable	1.02	-0.07	0.91	-4.9	1.56	0.29
Change in Unearned Revenue	11.14	10.26	0.29	0.63	-5.55	1.23
Change in Other Net Operating Assets	-12.05	-9.22	-9.73	-12.5	-3.24	-0.58
Operating Cash Flow	11.51	-13.04	-127.62	-190.42	-127.5	-65.01
Capital Expenditures	-14.35	-9.84	-0.59	-2.07	-1.89	-1.32
Cash Acquisitions	-	-	-	-	-400.01	-
Divestitures	9.08	9.08	-	-	-	-
Investment in Securities	12.92	51.45	130.39	101.5	-229.01	-6.6
Other Investing Activities	-5.39	-5.28	-2.5	-	-3	-
Investing Cash Flow	2.26	45.4	127.31	99.43	-633.91	-7.92
Long-Term Debt Issued	-	-	-	-	218.79	-
Long-Term Debt Repaid	-	-144.5	-85.06	-	-	-
Net Debt Issued (Repaid)	-	-144.5	-85.06	-	218.79	-
Issuance of Common Stock	1.74	1.66	0.27	2.61	394.91	14.51
Repurchase of Common Stock	-20.72	-18.12	-6.17	-	-	-
Other Financing Activities	-0.4	-9.48	-	-0.39	-	-
Financing Cash Flow	-19.38	-21.06	-90.96	2.22	933.57	90.76
Foreign Exchange Rate Adjustments	-	-0.01	-0.03	-0.12	-0.01	-
Net Cash Flow	-5.62	11.28	-91.3	-88.88	172.15	17.83
Free Cash Flow	-2.84	-22.89	-128.21	-192.49	-129.39	-66.34
Free Cash Flow Margin	-1.69%	-14.13%	-81.74%	-81.84%	-55.18%	-69.08%
Free Cash Flow Per Share	-0.01	-0.09	-0.52	-0.82	-0.98	-1.68
Cash Interest Paid	-	6.15	27.81	25.06	6.43	-
Cash Income Tax Paid	0.33	0.08	0.11	0.28	0.88	0.03
Levered Free Cash Flow	10.8	-0.81	-39.32	-62.46	-50.93	-32.23
Unlevered Free Cash Flow	10.8	2.72	-23.03	-50.03	-45.27	-32.23
Change in Working Capital	-2.56	1.89	-4.25	-4.48	-13.07	-11.23

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

SEC Filings: 10-K · 10-Q