Blend Labs, Inc. Income Statement
BLND / Information Technology|7 years of annual SEC 10-K data (FY2019-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 7 fiscal years. All figures from audited SEC 10-K filings.
Blend Labs, Inc. reported $58M in revenue and $16M in net loss for FY2025. Revenue has grown at a 2.4% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Negative shareholders equity: Liabilities exceed assets
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
- Virtually debt-free: No long-term debt on the balance sheet
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $58.5M | $115.8M | $109.5M | $235.2M | $234.5M | $96.0M | $50.7M |
| Cost of Revenue | $16.1M | $32.5M | $33.1M | $145.6M | $118.5M | $34.3M | $19.5M |
| Gross Profit | $42.4M | $83.2M | $76.5M | $89.7M | $116.0M | $61.7M | $31.1M |
| SG&A Expense | $24.9M | $45.7M | $61.3M | $139.1M | $128.8M | $30.1M | $26.6M |
| R&D Expense | $15.3M | $46.1M | $81.3M | $138.1M | $92.2M | $55.5M | $48.6M |
| Operating Income | -$12.8M | -$48.8M | -$143.6M | -$746.2M | -$197.2M | -$75.3M | -$81.7M |
| Interest Expense | - | - | $30.8M | $24.8M | $11.3M | $0 | $0 |
| Income Tax | $71.0K | $109.0K | $94.0K | -$2.2M | -$38.9M | $26.0K | $13.0K |
| Net Income | -$16.4M | -$43.3M | -$178.7M | -$720.2M | -$169.9M | -$74.6M | -$81.5M |
| EPS (Basic) | -$0.76 | -$3.28 | -$1.30 | -$1.89 | -$2.49 | -$1.89 | -$2.49 |
| EPS (Diluted) | -$0.76 | -$3.28 | -$1.30 | -$1.89 | -$2.49 | -$1.89 | -$2.49 |
| Shares Outstanding | 258.2M | 249.9M | 240.9M | 230.3M | 0 | 39.4M | 32.8M |
| Gross Margin | 72.4% | 71.9% | 69.8% | 38.1% | 49.5% | 64.3% | 61.4% |
| Operating Margin | -21.9% | -42.2% | -131.1% | -317.3% | -84.1% | -78.4% | - |
| Profit Margin | -28.0% | -37.4% | -163.1% | -306.2% | -72.5% | -77.7% | -160.8% |