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Blend Labs(NYSE) BLND

Market Cap$423.70MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-92%
5 Year-90%
1 Year-52%
1 Month+1%
$1.81
+3.43%
+0.06Today
Blend Labs last closing stock price
MetricPriceDate
Last closeUSD 1.752026-07-27
Blend Labs stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.78%USD 1.802026-07-20
1 month+1.16%USD 1.732026-06-26
3 month+22.38%USD 1.432026-04-28
Year to date-42.43%USD 3.042025-12-31
1 year-51.66%USD 3.622025-07-25
3 year+33.59%USD 1.312023-07-28
5 year-90.17%USD 17.802021-07-28
Since inception-91.63%USD 20.902021-07-16

Blend Labs Financials at a Glance

Market Cap

$423.70MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$127.66M

Net Income (TTM)

-$5.62M

EPS (TTM)

-$0.10

P/E Ratio

-18.32

Dividend

$0.00

Beta (Volatility)

1.52 (High)

Price

$1.81

Volume

961,124.282

Open

$1.78

Previous Close

$1.75

Daily Range

$1.73 - $1.82

52-Week Range

$1.18 - $4.49

Estimated Earnings Date

Aug 6, 2026

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About Blend Labs

Blend Labs makes software for banks to manage loans online. Its technology helps people apply for mortgages and bank accounts. The software makes the lending process faster for financial firms.

What Does Blend Sell?

  • Mortgage Suite: Software that helps lenders manage home loans and verify borrower income; accounted for about 56% of revenue in Q1 2026.
  • Consumer Banking Suite: Tools for managing car loans, credit cards, and new deposit accounts; represented roughly 35% of revenue in Q1 2026.
  • Professional Services: Technical support and consulting for financial institutions; made up approximately 9% of revenue in Q1 2026.

Strategic Shifts and Deals

  • Completed the sale of substantially all assets related to the Title365 business on March 1, 2026.
  • Issued $150 million in Series A Preferred Stock to Brooks Aggregator, L.P., also known as Haveli, in April 2024.
  • Authorized a share repurchase program in March 2026 to buy back up to $50 million of Class A common stock.
  • Shifted the business toward a platform-first model by initiating the exit of title operations during 2025.

The Edge in Digital Banking

Blend provides a white-label platform that banks use under their own brand names to serve customers. The technology automates complex tasks like verifying income and processing loan documents to improve bank productivity.

The Latest Financial Results

  • Total revenue reached $30.8 million in Q1 2026, up 15.2% from $26.8 million in Q1 2025.
  • Gross profit was $23.4 million in Q1 2026, an increase of 23.2% year-over-year.
  • Net loss narrowed to $8.0 million in Q1 2026, showing a 23.2% improvement from the previous year.
  • Free cash flow was $6.2 million in Q1 2026, down 60.5% from $15.8 million in Q1 2025.
  • Operating cash flow reached $7.4 million in Q1 2026, down 63.9% year-over-year.

Bottom Line

Blend is narrowing its focus to core digital lending and banking software after selling its title insurance assets. This transition aims to simplify operations and improve the company’s long-term profit potential.

AI Generated • May 12, 2026

Industry

Software

Employees

419

CEO

Nima Ghamsari

Headquarters

Novato, CA 94108, US

BLND Financials

Key Financial Metrics (TTM)

Gross Margin

74.87%

Operating Margin

-14.42%

Net Income Margin

-4.40%

Return on Equity

-12.24%

Return on Capital

-16.00%

Return on Assets

-3.49%

Earnings Yield

-5.46%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$423.70MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

242.12M

Volume

961.12K

Avg. Volume

3.32M

Financials (TTM)

Gross Profit

$95.57M

Operating Income

-$18.41M

EBITDA

$4.41M

Operating Cash Flow

-$1.53M

Capital Expenditure

-$8.12M

Free Cash Flow

-$9.65M

Cash & ST Invst.

$60.97M

Total Debt

$165.58M

Blend Labs Performance Analysis

Blend Labs annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 235,201,0000.3%
20232023-12-31USD 156,846,000-33.3%
20242024-12-31USD 115,762,000-26.2%
20252025-12-31USD 123,585,0006.8%
Blend Labs sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3017.8%
Q32025-09-304.2%
Q42025-12-31-1.3%
Q12026-03-31-4.9%
Blend Labs annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -3.28341.2%
20232023-12-31USD -0.76-77.0%
20242024-12-31USD -0.24-68.5%
20252025-12-31USD -0.10-58.0%
Blend Labs sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3025.0%
Q32025-09-30159.3%
Q42025-12-31-211.9%
Q12026-03-31-77.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$30.84M

+15.2%

Gross Profit

$23.37M

+23.2%

Gross Margin

75.75%

N/A

Market Cap

$423.70MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.01M

N/A

Employees

419

N/A

Net Income

-$8.05M

+23.2%

EBITDA

-$3.47M

+43.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$60.97M

-41.8%

Total Debt

$165.58M

+9566.3%

Accounts Receivable

$21.25M

+57.4%

Inventory

$0.00

N/A

Long Term Debt

$165.33M

N/A

Short Term Debt

$254.00K

-85.2%

Return on Assets

-3.49%

N/A

Return on Invested Capital

-16.77%

N/A

Free Cash Flow

$6.24M

-60.5%

Operating Cash Flow

$7.35M

-63.9%

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Questions About BLND

What is the current price of Blend Labs?

Blend Labs is trading at $1.82 per share.

What is the 52-week range for Blend Labs?

Over the past 52 weeks, Blend Labs has traded between $1.18 and $4.49.

How much debt does Blend Labs have?

As of the most recent reporting period, Blend Labs reported total debt of $1.36M.

How much cash does Blend Labs have on hand?

Blend Labs reported $39.37M in cash and cash equivalents in its most recent financial results.

What is Blend Labs’s dividend yield?

Blend Labs does not currently have a dividend yield.

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