BLND Stock - Blend Labs, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $162.02M | $156.85M | $235.20M | $234.50M | $96.03M |
| Gross Profit | $90.54M | $81.14M | $89.65M | $115.99M | $61.74M |
| Gross Margin | 55.9% | 51.7% | 38.1% | 49.5% | 64.3% |
| Operating Income | $-49,620,000 | $-156,222,000 | $-746,177,000 | $-197,242,000 | $-75,291,000 |
| Net Income | $-49,604,000 | $-185,320,000 | $-768,610,000 | $-171,343,000 | $-74,617,000 |
| Net Margin | -30.6% | -118.2% | -326.8% | -73.1% | -77.7% |
| EPS | $-0.24 | $-0.76 | $-3.28 | $-0.74 | $-0.34 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 18th 2024 | JMP Securities | Initiation | Mkt Outperform | $7 |
| August 12th 2024 | Canaccord Genuity | Upgrade | Buy | $4.75← $3 |
| August 9th 2024 | William Blair | Upgrade | Outperform | - |
| December 20th 2023 | Wells Fargo | Upgrade | Overweight | $3.5← $1.5 |
| November 14th 2022 | Keefe Bruyette | Upgrade | Market Perform | $2.25 |
| July 25th 2022 | Keefe Bruyette | Downgrade | Underperform | $2.75← $4 |
| July 7th 2022 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| May 25th 2022 | Compass Point | Initiation | Neutral | $4.2 |
Earnings History & Surprises
BLNDEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Feb 26, 2026 | $0.01 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.02 | $-0.03 | -250.0% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $0.02 | $-0.03 | -250.0% | ✗ MISS |
Q2 2025 | May 8, 2025 | $-0.01 | $-0.01 | 0.0% | = MET |
Q1 2025 | Feb 27, 2025 | $0.01 | $-0.03 | -400.0% | ✗ MISS |
Q4 2024 | Nov 6, 2024 | $-0.02 | $-0.04 | -100.0% | ✗ MISS |
Q3 2024 | Aug 8, 2024 | $-0.05 | $-0.02 | +60.0% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $-0.08 | $-0.06 | +25.0% | ✓ BEAT |
Q1 2024 | Mar 15, 2024 | $-0.08 | $-0.07 | +12.5% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $-0.09 | $-0.09 | 0.0% | = MET |
Q3 2023 | Aug 9, 2023 | $-0.13 | $-0.09 | +30.8% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $-0.18 | $-0.15 | +16.7% | ✓ BEAT |
Q1 2023 | Mar 16, 2023 | $-0.17 | $-0.21 | -23.5% | ✗ MISS |
Q4 2022 | Nov 10, 2022 | $-0.16 | $-0.19 | -18.8% | ✗ MISS |
Q3 2022 | Aug 15, 2022 | $-0.18 | $-0.19 | -5.6% | ✗ MISS |
Q2 2022 | May 12, 2022 | $-0.17 | $-0.19 | -11.8% | ✗ MISS |
Q1 2022 | Mar 31, 2022 | $-0.19 | $-0.20 | -5.3% | ✗ MISS |
Q4 2021 | Nov 10, 2021 | $-0.12 | $-0.13 | -8.3% | ✗ MISS |
Q3 2021 | Aug 19, 2021 | $-0.07 | $-0.41 | -485.7% | ✗ MISS |
Q3 2021 | Jul 16, 2021 | — | $-0.12 | — | — |
Latest News
UBS Maintains Neutral on Blend Labs, Lowers Price Target to $3
➖ NeutralBlend Labs Sees Q4 Sales $31.000M-$32.500M vs $33.596M Est
📉 NegativeBlend Labs Q3 Sales $32.860M Beat $32.796M Estimate
📈 PositiveCanaccord Genuity Maintains Buy on Blend Labs, Maintains $5.25 Price Target
📈 PositiveBlend Labs Announces Departure Of Head Of Finance, Amir Jafari; Amir Jafari To Serve As Strategic Advisor Until January 2026
📉 NegativeFrequently Asked Questions about BLND
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