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BLND (Blend Labs, Inc.) Stock Financials & Earnings | Market Cap Arena
BLND
Blend Labs, Inc.
Mkt Cap
$421M
Technology
·
Software - Application
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$133M
Net Income (TTM)
-$7M
EPS (TTM)
-$0.10
Free Cash Flow (TTM)
-$7M
Gross Margin
69.0%
Op. Margin
-14.3%
Net Margin
-5.2%
FCF Margin
-5.5%
P/S Ratio (TTM)
3.2x
P/E Ratio (TTM)
—
YoY Rev Growth
-0.9%
Employees
—
Earnings Reports
▶
Q3 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q4 22
$43M
$14M
-$75M
Q1 23
$37M
$16M
-$61M
Q2 23
$43M
$23M
-$37M
Q3 23
$41M
$22M
-$36M
Q4 23
$36M
$20M
-$22M
Q1 24
$24M
$16M
-$21M
Q2 24
$29M
$20M
-$13M
Q3 24
$45M
$26M
-$13M
Q4 24
$41M
$25M
-$2M
Q1 25
$27M
$19M
-$8M
Q2 25
$32M
$23M
-$5M
Q3 25
$33M
$24M
-$5M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q4 22
1.8x
—
Q1 23
2.1x
—
Q2 23
2.4x
—
Q3 23
2.6x
—
Q4 23
2.7x
—
Q1 24
2.9x
—
Q2 24
3.3x
—
Q3 24
3.1x
—
Q4 24
3.0x
—
Q1 25
3.0x
—
Q2 25
2.9x
—
Q3 25
3.2x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q4 22
-$47M
-$48M
Q1 23
-$47M
-$47M
Q2 23
-$34M
-$35M
Q3 23
-$26M
-$26M
Q4 23
-$21M
-$21M
Q1 24
-$4M
-$6M
Q2 24
-$7M
-$9M
Q3 24
$2M
-$1M
Q4 24
-$5M
-$7M
Q1 25
$20M
$16M
Q2 25
-$6M
-$10M
Q3 25
-$3M
-$6M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q4 22
$458K
Q1 23
$304K
Q2 23
$170K
Q3 23
$31K
Q4 23
$82K
Q1 24
$2M
Q2 24
$2M
Q3 24
$3M
Q4 24
$3M
Q1 25
$5M
Q2 25
$4M
Q3 25
$2M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q4 22
-47.2%
-16.3%
Q1 23
-47.8%
-30.1%
Q2 23
-34.7%
-85.2%
Q3 23
-26.7%
-58.5%
Q4 23
-15.6%
-50.8%
Q1 24
-36.1%
-54.4%
Q2 24
-33.0%
-47.5%
Q3 24
+11.3%
-23.8%
Q4 24
+14.7%
-25.5%
Q1 25
+12.3%
-23.5%
Q2 25
+9.9%
-13.5%
Q3 25
-27.3%
-35.4%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q4 22
$28M
65.9%
Q1 23
$16M
43.9%
Q2 23
$14M
33.5%
Q3 23
$0
0.0%
Q4 23
$0
0.0%
Q1 24
$8M
33.7%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$6M
22.6%
Q2 25
$8M
24.0%
Q3 25
$8M
23.6%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q4 22
$33M
$33M
$20M
Q1 23
$26M
$21M
$18M
Q2 23
$22M
$20M
$16M
Q3 23
$19M
$16M
$14M
Q4 23
$14M
$15M
$12M
Q1 24
$14M
$12M
$10M
Q2 24
$13M
$11M
$9M
Q3 24
$10M
$13M
$10M
Q4 24
$9M
$11M
$7M
Q1 25
$8M
$11M
$7M
Q2 25
$7M
$14M
$7M
Q3 25
$9M
$13M
$8M
marketcaparena.com
Rule of 40
Rule of 40
Quarter
Rev Growth %
EBITDA Margin %
Rule of 40
Q4 22
-47.2%
-168.3%
-215.5
Q1 23
-47.8%
-153.0%
-200.8
Q2 23
-34.7%
-74.9%
-109.5
Q3 23
-26.7%
-79.2%
-105.8
Q4 23
-15.6%
-60.7%
-76.3
Q1 24
-36.1%
-60.9%
-97.0
Q2 24
-33.0%
-57.5%
-90.5
Q3 24
11.3%
-1.2%
10.1
Q4 24
14.7%
0.0%
14.7
Q1 25
12.3%
-22.8%
-10.5
Q2 25
9.9%
-9.0%
0.8
Q3 25
-27.3%
37.9%
10.7
marketcaparena.com
Revenue Segments
Professional Services
Software
Quarter
Professional Services
Software
Q1 24
$2M
$22M
Q2 24
$2M
$26M
Q1 25
$3M
$24M
Q2 25
$2M
$29M
Q3 25
$2M
$30M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q4 22
$124M
$230M
$354M
Q1 23
$46M
$261M
$307M
Q2 23
$35M
$231M
$266M
Q3 23
$85M
$160M
$245M
Q4 23
$31M
$106M
$137M
Q1 24
$85M
$44M
$128M
Q2 24
$45M
$67M
$113M
Q3 24
$55M
$62M
$117M
Q4 24
$42M
$56M
$98M
Q1 25
$56M
$49M
$105M
Q2 25
$36M
$52M
$88M
Q3 25
$55M
$22M
$77M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q4 22
238M
+1.3%
Q1 23
241M
+1.3%
Q2 23
244M
+1.2%
Q3 23
246M
+0.9%
Q4 23
249M
+0.9%
Q1 24
251M
+0.9%
Q2 24
253M
+0.9%
Q3 24
255M
+0.7%
Q4 24
257M
+0.7%
Q1 25
259M
+0.8%
Q2 25
259M
+0.1%
Q3 25
269M
+3.7%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 19
—
—
FY 20
—
—
FY 21
$139K
2K
FY 22
$152K
2K
FY 23
$178K
881
FY 24
$300K
540
marketcaparena.com