BLEND LABS, INC. (BLND)

1.52 -1.30% (-0.02)

Over 5Y: -91.3%

2026-08-28
Style
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5 10 15
2021 2022 2023 2024 2025 2026

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Revenue: 89.6M Q3 '21 — Operating Cash Flow: -31.3M Q3 '21 — Free Cash Flow: -31.8M Q3 '21 — Net Income: -76.9M Q4 '21 — Revenue: 81M Q4 '21 — Operating Cash Flow: -43.1M Q4 '21 — Free Cash Flow: -43.8M Q4 '21 — Net Income: -71.7M Q1 '22 — Revenue: 71.5M Q1 '22 — Operating Cash Flow: -45.8M Q1 '22 — Free Cash Flow: -46.1M Q1 '22 — Net Income: -72.1M Q2 '22 — Revenue: 65.5M Q2 '22 — Operating Cash Flow: -46.8M Q2 '22 — Free Cash Flow: -47.7M Q2 '22 — Net Income: -441.4M Q3 '22 — Revenue: 55.4M Q3 '22 — Operating Cash Flow: -50.5M Q3 '22 — Free Cash Flow: -50.9M Q3 '22 — Net Income: -126.1M Q4 '22 — Revenue: 42.8M Q4 '22 — Operating Cash Flow: -47.3M Q4 '22 — Free Cash Flow: -47.8M Q4 '22 — Net Income: -80.6M Q1 '23 — Revenue: 37.3M Q1 '23 — Operating Cash Flow: -46.7M Q1 '23 — Free Cash Flow: -47M Q1 '23 — Net Income: -65.4M Q2 '23 — Revenue: 42.8M Q2 '23 — Operating Cash Flow: -34.4M Q2 '23 — Free Cash Flow: -34.6M Q2 '23 — Net Income: -41.2M Q3 '23 — Revenue: 40.6M Q3 '23 — Operating Cash Flow: -25.9M Q3 '23 — Free Cash Flow: -25.9M Q3 '23 — Net Income: -41.8M Q4 '23 — Operating Cash Flow: -20.7M Q4 '23 — Net Income: -30.3M Q1 '24 — Revenue: 23.8M Q1 '24 — Operating Cash Flow: -3.9M Q1 '24 — Free Cash Flow: -5.8M Q1 '24 — Net Income: -20.7M Q2 '24 — Revenue: 28.7M Q2 '24 — Operating Cash Flow: -6.7M Q2 '24 — Free Cash Flow: -8.5M Q2 '24 — Net Income: -19.4M Q3 '24 — Revenue: 33.1M Q3 '24 — Operating Cash Flow: 2.1M Q3 '24 — Free Cash Flow: -1.4M Q3 '24 — Net Income: -2.4M Q4 '24 — Revenue: 30.1M Q4 '24 — Operating Cash Flow: -4.6M Q4 '24 — Free Cash Flow: -7.1M Q4 '24 — Net Income: -825K Q1 '25 — Revenue: 26.8M Q1 '25 — Operating Cash Flow: 20.1M Q1 '25 — Free Cash Flow: 15.8M Q1 '25 — Net Income: -9.5M Q2 '25 — Revenue: 31.6M Q2 '25 — Operating Cash Flow: -6.5M Q2 '25 — Free Cash Flow: -10.1M Q2 '25 — Net Income: -6.8M Q3 '25 — Revenue: 32.9M Q3 '25 — Operating Cash Flow: -3.6M Q3 '25 — Free Cash Flow: -5.8M Q3 '25 — Net Income: 12.5M Q4 '25 — Revenue: 31.6M Q4 '25 — Operating Cash Flow: 1.5M Q4 '25 — Free Cash Flow: -21K Q4 '25 — Net Income: -6.8M Q1 '26 — Revenue: 30.8M Q1 '26 — Operating Cash Flow: 7.4M Q1 '26 — Free Cash Flow: 6.2M Q1 '26 — Net Income: -8M Q2 '26 — Revenue: 33.8M Q2 '26 — Operating Cash Flow: 7.9M Q2 '26 — Free Cash Flow: 7.1M Q2 '26 — Net Income: -1.5M -300M -150M 0 150M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

1.3
SBC / sales 22.5%
OE margin -16.6%
Oper. margin -12.7%
Accruals -11.9%
Gross margin 74.4%
FCF margin 5.8%
OCF margin 10.2%
ROA -2.7%
ROCE -16.9%
OCF / EBIT —
ROE —
ROIC —

4 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

3.4
RPO / sales 1.3×
RPO growth -11.5%
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

9.5
ND/EBITDA —
Debt payback 0.0 yr
Quick ratio 1.6×
F-score 6.0 pts
Cash / Debt —
Cash runway —
Debt / Eq —
Equity / Assets —
Interest cover —
Payout —

2 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

4.9
Sales/sh Y/Y +4.1%
Sales CAGR 4Y -14.8%
Sales Q/Q +7.0%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.