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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| BLND | -2.32% | N/A | N/A | -84% |
| S&P | +14.5% | +93.32% | +14.09% | +55% |
Blend Labs, Inc. offers a cloud-based software platform for financial services firms that are designed to power the end-to-end consumer journey for banking products. The company's solution makes the journey from application to close fast, simple, and transparent for consumers, while helping financial services firms increase productivity, deepen customer relationships, and deliver exceptional consumer experiences. The company was founded by Numa Ghamsari, Rosco Hill, Eugene Marinelli, and Erin James Collard on April 17, 2012 and is headquartered in San Francisco, CA.
The cloud-based software platform for banks delivered better-than-expected results.
| Q2 2025 | YOY Change | |
|---|---|---|
| Revenue | $31.52M | -22.1% |
| Gross Profit | $23.31M | 9.0% |
| Gross Margin | 73.93% | 21.1% |
| Market Cap | $853.13M | 43.2% |
| Market Cap / Employee | $1.58M | 0.0% |
| Employees | 540 | -38.7% |
| Net Income | -$8.02M | 66.0% |
| EBITDA | -$3.43M | 70.1% |
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| Q2 2025 | YOY Change | |
|---|---|---|
| Net Cash | $41.52M | -8.6% |
| Accounts Receivable | $16.26M | -21.3% |
| Inventory | 0 | 0.0% |
| Q2 2025 | YOY Change | |
|---|---|---|
| Long Term Debt | $151.66M | 9.4% |
| Short Term Debt | $0.96M | -79.6% |
| Q2 2025 | YOY Change | |
|---|---|---|
| Return On Assets | -18.82% | 26.2% |
| Return On Invested Capital | -99.07% | -2.0% |
| Q2 2025 | YOY Change | |
|---|---|---|
| Free Cash Flow | -$10.10M | -18.4% |
| Operating Free Cash Flow | -$6.37M | 4.5% |
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | YoY Change |
|---|---|---|---|---|---|
| Price to Book | -20.96 | -21.72 | -15.35 | -50.58 | 203.80% |
| Price to Sales | 6.10 | 6.67 | 5.64 | 5.90 | 50.38% |
| Price to Tangible Book Value | -20.04 | -20.84 | -14.80 | -50.35 | 220.19% |
| Enterprise Value to EBITDA | -184.99 | -1678.89 | -146.53 | -266.36 | 351.56% |
| Return on Equity | -356.6% | -786.8% | - | ||
| Total Debt | $142.76M | $145.50M | $147.58M | $152.62M | 6.49% |
Earlier this summer, we broke down Blend Labs' S1 and explained the company's role in the financial services industry.
Discussing newly public company Blend Labs and its impressive numbers.
BLND earnings call for the period ending June 30, 2022.
BLND earnings call for the period ending March 31, 2022.
BLND earnings call for the period ending December 31, 2021.
BLND earnings call for the period ending September 30, 2021.
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