XNYSBLND
Market cap867mUSD
Jan 14, Last price
3.44USD
1D
3.93%
1Q
-12.24%
IPO
-80.81%
Name
Blend Labs Inc
Chart & Performance
P/E
—
P/S
5.53
EPS
—
Div Yield, %
0.00%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
157m
-33.31%
Net income
-185m
L-75.74%
CFO
-128m
L-32.98%
Earnings
Jun 12, 2025
Profile
Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. It also provides a suite of mortgage products that facilitates homeownership journey for consumers comprising close, income verification for mortgage, homeowners insurance, and realty. In addition, the company offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and professional and consulting services. It serves banks, credit unions, financial technology companies, and non-bank mortgage lenders. Blend Labs, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | |
| Income | |||||
Revenues | 156,846 -33.31% | 235,201 0.30% | |||
Cost of revenue | 288,120 | 508,012 | |||
Unusual Expense (Income) | |||||
NOPBT | (131,274) | (272,811) | |||
NOPBT Margin | |||||
Operating Taxes | 94 | (2,241) | |||
Tax Rate | |||||
NOPAT | (131,368) | (270,570) | |||
Net income | (185,320) -75.74% | (763,810) 351.58% | |||
Dividends | |||||
Dividend yield | |||||
Proceeds from repurchase of equity | (5,903) | 2,220 | |||
BB yield | 0.94% | -0.66% | |||
| Debt | |||||
Debt current | 4,379 | 4,089 | |||
Long-term debt | 152,298 | 238,983 | |||
Deferred revenue | (5,672) | ||||
Other long-term liabilities | 2,228 | 5,478 | |||
Net debt | 19,755 | (116,433) | |||
| Cash flow | |||||
Cash from operating activities | (127,621) | (190,418) | |||
CAPEX | (587) | (2,068) | |||
Cash from investing activities | 127,306 | 99,431 | |||
Cash from financing activities | (90,958) | 2,220 | |||
FCF | (121,622) | (268,062) | |||
| Balance | |||||
Cash | 136,922 | 354,147 | |||
Long term investments | 5,358 | ||||
Excess cash | 129,080 | 347,745 | |||
Stockholders' equity | (1,294,997) | (1,122,894) | |||
Invested Capital | 1,473,867 | 1,518,602 | |||
ROIC | |||||
ROCE | |||||
| EV | |||||
Common stock shares outstanding | 245,206 | 234,161 | |||
Price | 2.55 77.08% | 1.44 -80.38% | |||
Market cap | 625,275 85.44% | 337,192 -80.05% | |||
EV | 691,220 | 261,508 | |||
EBITDA | (125,514) | (258,395) | |||
EV/EBITDA | |||||
Interest | 30,811 | 24,790 | |||
Interest/NOPBT | |||||