BLEND LABS, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:29:23Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -81.00K | -22.79M | -127.66M | -192.49M | -129.24M | -66.33M |
| EBITDA | -18.45M | -47.51M | -142.09M | -735.41M | -186.63M | -71.30M |
| Working Capital | 60.35M | 96.22M | 138.26M | 360.62M | 552.99M | 151.12M |
| Net Debt | -43.58M | -34.18M | 126.19M | 107.78M | 19.22M | -24.51M |
| Gross Margin | 73.77% | 71.89% | 69.79% | 38.12% | 49.46% | 64.29% |
| Operating Margin | -17.59% | -42.19% | -131.09% | -317.25% | -84.11% | -78.40% |
| Net Margin | -5.50% | -37.44% | -163.12% | -306.19% | -72.46% | -77.70% |
| Return on Equity (ROE) | 22.32% | 76.91% | 928.61% | -584.69% | -21.93% | -45.68% |
| Return on Assets (ROA) | -4.00% | -24.34% | -86.72% | -166.41% | -15.27% | -34.59% |
| Current Ratio | 2.53× | 3.47× | 5.38× | 11.17× | 10.21× | 5.31× |
| Debt-to-Equity | -0.05× | -0.07× | -7.78× | 1.88× | 0.30× | 0.10× |
| Effective Tax Rate | -28.36% | -0.26% | -0.06% | 0.29% | 18.69% | -0.03% |
| Cash Conversion Ratio | -1.69× | 0.30× | 0.71× | 0.26× | 0.75× | 0.87× |
| Accruals Ratio | -0.11× | -0.17× | -0.25× | -1.22× | -0.04× | -0.04× |
| SBC % of Revenue | 23.43% | 24.14% | 41.59% | 46.64% | 30.21% | 10.54% |
| CapEx Coverage | 0.99× | -1.34× | -3646.31× | -92.08× | -73.53× | -49.51× |
| Free Cash Flow Per Share | $-0.00 | $-0.09 | $-0.52 | $-0.82 | $-0.98 | $-1.68 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 123.58M | 115.76M | 109.55M | 235.20M | 234.50M | 96.03M |
| Cost of Goods and Services Sold | 32.42M | 32.54M | 33.09M | 145.55M | 118.51M | 34.29M |
| Gross Profit | 91.17M | 83.22M | 76.46M | 89.65M | 115.99M | 61.74M |
| Research and Development Expense | 32.84M | 46.09M | 81.26M | 138.09M | 92.22M | 55.50M |
| Operating Expenses | 112.90M | 132.07M | 220.07M | 835.83M | 313.23M | 137.03M |
| Operating Income (Loss) | -21.73M | -48.84M | -143.61M | -746.18M | -197.24M | -75.29M |
| Income Tax Expense (Benefit) | 249.00K | 109.00K | 94.00K | -2.24M | -38.89M | 26.00K |
| Net Income (Loss) Attributable to Parent | -6.80M | -43.34M | -178.69M | -720.17M | -169.91M | -74.62M |
| Earnings Per Share, Basic | $-0.10 | $-0.24 | $-0.76 | $-3.28 | $-1.30 | $-1.89 |
| Weighted Average Number of Shares Outstanding, Basic | 258.95M | 253.92M | 245.21M | 234.16M | 131.99M | 39.41M |
| Earnings Per Share, Diluted | $-0.10 | $-0.24 | $-0.76 | $-3.28 | $-1.30 | $-1.89 |
| Weighted Average Number of Shares Outstanding, Diluted | 258.95M | 253.92M | 245.21M | 234.16M | 131.99M | 39.41M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 45.06M | 38.01M | 23.50M | 124.20M | 213.08M | 41.09M |
| Assets, Current | 99.80M | 135.24M | 169.84M | 396.10M | 613.02M | 186.15M |
| Assets | 170.04M | 178.09M | 206.06M | 432.76M | 1.11B | 215.75M |
| Long-term Debt | 0 | 0 | 138.33M | 216.80M | 213.84M | 0 |
| Liabilities, Current | 39.45M | 39.02M | 31.57M | 35.47M | 60.03M | 35.03M |
| Liabilities | 41.02M | 40.40M | 179.12M | 268.84M | 301.89M | 52.41M |
| Stockholders' Equity Attributable to Parent | -30.47M | -56.36M | -19.24M | 123.17M | 774.64M | 163.34M |
| Common Stock, Shares, Outstanding | 256.04M | 258.17M | 249.91M | 240.93M | 230.32M | 0 |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 11.51M | -13.04M | -127.62M | -190.42M | -127.50M | -65.01M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | 1.73M | 1.31M |
| Net Cash Provided by (Used in) Investing Activities | 18.54M | 45.40M | 127.31M | 99.43M | -633.91M | -7.92M |
| Payments for Repurchase of Common Stock | 24.87M | 0 | 0 | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -32.59M | -21.06M | -90.96M | 2.22M | 933.57M | 90.76M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 6.24M | -21.00K | -60.00K | 5.70M | 15.80M | -7.08M |
| EBITDA | -3.72M | -2.38M | — | — | -7.57M | -3.00M |
| Working Capital | 41.65M | 60.35M | 70.05M | 74.07M | 81.89M | 96.22M |
| Net Debt | -36.07M | -43.58M | -53.41M | -34.12M | -54.53M | -34.18M |
| Gross Margin | 75.75% | 75.68% | 74.26% | 73.84% | 70.78% | 74.16% |
| Operating Margin | -16.41% | -11.05% | -16.35% | -15.26% | -29.73% | -10.86% |
| Net Margin | -26.10% | -7.81% | 37.00% | -21.65% | -35.45% | -2.74% |
| Return on Equity (ROE) | 14.40% | 8.31% | -90.20% | 29.70% | 55.42% | 1.46% |
| Return on Assets (ROA) | -4.99% | -1.49% | 6.41% | -3.76% | -5.08% | -0.46% |
| Current Ratio | 1.81× | 2.53× | 2.53× | 2.41× | 2.42× | 3.47× |
| Debt-to-Equity | -0.02× | -0.05× | -0.12× | -0.10× | -0.10× | -0.07× |
| Effective Tax Rate | -1.25% | -6.85% | 0.23% | -1.08% | -0.44% | -0.73% |
| Cash Conversion Ratio | -0.91× | -0.61× | 0.82× | -1.99× | -2.11× | 5.56× |
| Accruals Ratio | -0.10× | -0.02× | 0.01× | -0.11× | -0.16× | 0.02× |
| SBC % of Revenue | 21.98% | 23.07% | 65.69% | 43.25% | 22.71% | 20.09% |
| CapEx Coverage | 6.58× | 0.99× | 0.99× | 1.72× | 4.66× | -1.84× |
| Free Cash Flow Per Share | $0.02 | $-0.00 | $-0.00 | $0.02 | $0.06 | $-0.03 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/S | 3.30× | 6.30× | 7.83× | 7.05× | 7.30× | 9.39× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 30.84M | 32.42M | 32.70M | 31.63M | 26.84M | 30.12M |
| Cost of Goods and Services Sold | 7.48M | 7.88M | 8.42M | 8.27M | 7.84M | 7.78M |
| Gross Profit | 23.36M | 24.53M | 24.28M | 23.36M | 19.00M | 22.34M |
| Research and Development Expense | 9.41M | 8.81M | 8.71M | 7.49M | 7.84M | 8.86M |
| Operating Expenses | 28.43M | 28.11M | 29.63M | 28.18M | 26.98M | 25.61M |
| Operating Income (Loss) | -5.06M | -3.58M | -5.35M | -4.83M | -7.98M | -3.27M |
| Income Tax Expense (Benefit) | 63.00K | 151.00K | 27.00K | 41.00K | 30.00K | 16.00K |
| Net Income (Loss) Attributable to Parent | -8.05M | -2.53M | 12.10M | -6.85M | -9.52M | -825.00K |
| Earnings Per Share, Basic | $-0.05 | $-0.03 | $0.02 | — | $-0.06 | $-0.03 |
| Weighted Average Number of Shares Outstanding, Basic | 255.63M | 258.95M | 259.63M | 259.21M | 258.83M | 253.92M |
| Earnings Per Share, Diluted | $-0.05 | $-0.03 | $0.02 | — | $-0.06 | $-0.03 |
| Weighted Average Number of Shares Outstanding, Diluted | 255.63M | 258.95M | 268.72M | 259.21M | 258.83M | 253.92M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 37.43M | 45.06M | 55.02M | 36.50M | 56.24M | 38.01M |
| Assets, Current | 93.10M | 99.80M | 115.69M | 126.43M | 139.47M | 135.24M |
| Assets | 161.26M | 170.04M | 188.61M | 182.19M | 187.47M | 178.09M |
| Long-term Debt | — | 0 | 0 | 0 | 0 | 0 |
| Liabilities, Current | 51.45M | 39.45M | 45.64M | 52.35M | 57.59M | 39.02M |
| Liabilities | 52.95M | 41.02M | 47.22M | 55.01M | 58.78M | 40.40M |
| Stockholders' Equity Attributable to Parent | -55.91M | -30.47M | -13.41M | -23.05M | -17.17M | -56.36M |
| Common Stock, Shares, Outstanding | 247.34M | 256.04M | 260.10M | 260.05M | 258.82M | 258.17M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 7.35M | 1.54M | 9.97M | 13.61M | 20.12M | -4.59M |
| Net Cash Provided by (Used in) Investing Activities | 2.89M | -1.81M | 20.35M | -7.20M | 3.50M | -1.89M |
| Payments for Repurchase of Common Stock | 16.84M | 15.73M | 9.14M | 4.12M | 2.57M | 0 |
| Net Cash Provided by (Used in) Financing Activities | -17.87M | -17.56M | -15.03M | -8.83M | -5.18M | -6.32M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BLND CIK 0001855747),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.