Blend Labs, Inc. (BLND) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
7250 REDWOOD BLVD., SUITE 300 NOVATO, CA 94945 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 98,476 | 136,922 | 354,147 | 547,229 | |||
| Cash and cash equivalent | 42,243 | 30,962 | 124,199 | 213,082 | |||
| Short-term investments | 56,233 | 105,960 | 229,948 | 334,147 | |||
| Restricted cash and investments | 5,023 | ||||||
| Receivables | (80) | (149) | (436) | (1,371) | |||
| Prepaid expense | 4,050 | 5,293 | 11,302 | 14,264 | |||
| Contract with customer, asset, after allowance for credit loss | 2,539 | 1,593 | 1,252 | 5,359 | |||
| Capitalized contract cost | 1,277 | 1,015 | 3,518 | 4,564 | |||
| Disposal group, including discontinued operation | |||||||
| Other current assets | 1,599 | 1,879 | 2,302 | 3,283 | |||
| Other undisclosed current assets | 22,286 | 23,283 | 24,011 | 39,690 | |||
| Total current assets: | 135,170 | 169,836 | 396,096 | 613,018 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 1,469 | 8,565 | 11,668 | 14,713 | |||
| Property, plant and equipment | 12,321 | 3,945 | 5,742 | 6,155 | |||
| Intangible assets, net (including goodwill) | 2,081 | 2,108 | 2,127 | 460,236 | |||
| Goodwill | 287,228 | ||||||
| Intangible assets, net (excluding goodwill) | 2,081 | 2,108 | 2,127 | 173,008 | |||
| Capitalized contract cost, net | 2,868 | 2,453 | 1,691 | 4,178 | |||
| Restricted cash and investments | 7,291 | 5,358 | 5,358 | ||||
| Disposal group, including discontinued operation, noncurrent assets | |||||||
| Other noncurrent assets | 24,103 | 11,867 | 10,082 | 8,828 | |||
| Total noncurrent assets: | 42,842 | 36,229 | 36,668 | 499,468 | |||
| TOTAL ASSETS: | 178,012 | 206,065 | 432,764 | 1,112,486 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 2,417 | 2,170 | 1,260 | 24,300 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 18,140 | ||
| Accounts payable | 2,417 | 2,170 | 1,260 | 6,160 | |||
| Deferred revenue | 19,240 | 8,984 | 8,695 | 8,068 | |||
| Disposal group, including discontinued operation | |||||||
| Other liabilities | 13,316 | 14,858 | 15,459 | 27,662 | |||
| Other undisclosed current liabilities | 3,976 | 5,562 | 10,059 | ||||
| Total current liabilities: | 38,949 | 31,574 | 35,473 | 60,030 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation: | 14,607 | ||||||
| Liabilities, other than long-term debt | 1,381 | 9,210 | 16,569 | 13,415 | |||
| Disposal group, including discontinued operation, liabilities | |||||||
| Other liabilities | 580 | 2,228 | 5,478 | 13,415 | |||
| Operating lease, liability | 801 | 6,982 | 11,091 | 14,607 | |||
| Other undisclosed noncurrent liabilities | 138,334 | 216,801 | 213,843 | ||||
| Total noncurrent liabilities: | 1,381 | 147,544 | 233,370 | 241,865 | |||
| Total liabilities: | 40,330 | 179,118 | 268,843 | 301,895 | |||
| Temporary equity, including noncontrolling interest | 194,038 | 46,190 | 40,749 | 35,949 | |||
| Equity | |||||||
| Equity, attributable to parent | (56,356) | (19,243) | 123,172 | 774,642 | |||
| Common stock | 2 | 2 | 2 | 2 | |||
| Additional paid in capital | 1,328,015 | 1,321,944 | 1,286,815 | 1,218,213 | |||
| Accumulated other comprehensive income (loss) | 602 | 441 | (708) | (808) | |||
| Accumulated deficit | (1,384,975) | (1,341,630) | (1,162,937) | (442,765) | |||
| Total equity: | (56,356) | (19,243) | 123,172 | 774,642 | |||
| TOTAL LIABILITIES AND EQUITY: | 178,012 | 206,065 | 432,764 | 1,112,486 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Revenues | 162,019 | 156,846 | 235,201 | 234,495 | ||
| Cost of revenue (Cost of Product and Service Sold) | (71,475) | (75,711) | (145,550) | (118,506) | ||
| Gross profit: | 90,544 | 81,135 | 89,651 | 115,989 | ||
| Operating expenses | (140,164) | (237,357) | (835,828) | (313,231) | ||
| Operating loss: | (49,620) | (156,222) | (746,177) | (197,242) | ||
| Nonoperating income (Other Nonoperating income) | 13,057 | 7,248 | 4,916 | 493 | ||
| Interest and debt expense | (6,747) | (30,811) | (24,790) | (11,279) | ||
| Loss from continuing operations before income taxes: | (43,310) | (179,785) | (766,051) | (208,028) | ||
| Income tax expense (benefit) | (109) | (94) | 2,241 | 38,886 | ||
| Loss from continuing operations: | (43,419) | (179,879) | (763,810) | (169,142) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (169,142) | |
| Loss from discontinued operations | ||||||
| Net loss: | (43,419) | (179,879) | (763,810) | (169,142) | ||
| Net income (loss) attributable to noncontrolling interest | 74 | 1,186 | 43,638 | (771) | ||
| Other undisclosed net income attributable to parent | ||||||
| Net loss attributable to parent: | (43,345) | (178,693) | (720,172) | (169,913) | ||
| Preferred stock dividends and other adjustments | (10,879) | (6,627) | (48,438) | (1,430) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (6,259) | 96,726 | ||||
| Net loss available to common stockholders, diluted: | (60,483) | (185,320) | (768,610) | (74,617) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Net loss: | (43,419) | (179,879) | (763,810) | (169,142) | ||
| Other undisclosed comprehensive income (loss) | 161 | 1,149 | 100 | (803) | ||
| Comprehensive loss: | (43,258) | (178,730) | (763,710) | (169,945) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 74 | 1,186 | 43,638 | (771) | ||
| Comprehensive loss, net of tax, attributable to parent: | (43,184) | (177,544) | (720,072) | (170,716) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.