Blend Labs, Inc.
BLND NYSE· Services-Computer Programming, Data Processing, Etc.
Last close · Oct 27, 2026
$1.16
KIRA · Stoqly’s AI analyst, in plain words
- Blend Labs, Inc. had $124M of revenue in fiscal 2025, up 6.8% on the year before. Over five years, revenue changed +5.2% a year on average.
- Its operating margin was −17.6%, up 24.6 pts: of every 100 in sales, about −18 is left after running the business.
- Blend Labs, Inc. lost $6.8M in fiscal 2025.
- Free cash flow was −$0.1M in fiscal 2025, −0.1% of revenue.
- Blend Labs, Inc. returned $24.9M to shareholders in fiscal 2025. The diluted share count rose 2.0%.
- Blend Labs, Inc. has $69.8M more cash than debt.
Market cap
$278M
P/E
—
Revenue
$124M
Net income
−$6.8M
Free cash flow
−$0.1M
Operating margin
−17.6%
Blend Labs, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+6.8%
Yes. Sales grew 6.8% last year.
Does it make a profit?
−5.5%
No. It lost money last year.
Does profit turn into cash?
−0.1%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Blend Labs, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 16, 2026
- Legal name
- Blend Labs, Inc.
- CIK
- 0001855747
Blend Labs, Inc. · BLND
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $234M | $235M | $110M | $116M | $124M |
| Revenue growth | 144.2% | 0.3% | −53.4% | 5.7% | 6.8% |
| Gross margin | 49.5% | 38.1% | 69.8% | 71.9% | 73.8% |
| Operating margin | −84.1% | −317.3% | −131.1% | −42.2% | −17.6% |
| Net income | −$170M | −$720M | −$179M | −$43.3M | −$6.8M |
| Net margin | −72.5% | −306.2% | −163.1% | −37.4% | −5.5% |
| Diluted EPS | −$1.30 | −$3.28 | −$0.76 | −$0.24 | −$0.10 |
| Cash | |||||
| Cash from operations | −$128M | −$190M | −$128M | −$13.0M | $11.5M |
| Capital expenditure | $1.7M | $2.1M | $0.0M | $9.7M | $11.6M |
| Free cash flow | −$129M | −$192M | −$128M | −$22.8M | −$0.1M |
| FCF margin | −55.1% | −81.8% | −116.5% | −19.7% | −0.1% |
| Share buybacks | — | — | $0.0M | $0.0M | $24.9M |
| Share count change | 234.9% | 77.4% | 4.7% | 3.6% | 2.0% |
| Debt and strength | |||||
| Cash and short-term investments | $547M | $354M | $129M | $94.2M | $69.8M |
| Debt incl. finance leases | $214M | $217M | $138M | $0.0M | $0.0M |
| Shareholders' equity | $775M | $123M | −$19.2M | −$56.4M | −$30.5M |
| Current ratio | 10.2x | 11.2x | 5.4x | 3.5x | 2.5x |
| Interest coverage | −17.5x | −30.1x | −4.7x | −7.2x | — |
| Returns and quality | |||||
| Return on capital | −35.3% | — | — | — | — |
| Return on equity | −36.2% | −160.4% | −343.9% | — | — |
| Return on tangible equity | −54.5% | −635.0% | — | — | — |
| Piotroski F-score | 3 | 3 | 3 | 5 | 5 |
| Altman Z'' | 3.5 | −14.4 | −21.6 | −25.1 | −26.0 |
Insiders bought, 12 months
$33.7M
6 insiders
Insiders sold, 12 months
$0.6M
5 insiders
Of sales under plans
100%
$0.6M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Blend Labs, Inc. · BLND
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.16 a share, the company is worth $278M.
Source: SEC EDGAR XBRL filings (CIK 0001855747). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.