BLND · NYSE · Software - Application

Blend Labs (BLND)

Embeds a white-labeled origination platform inside banks' and lenders' own lending workflows.

$1.13
vs last close−0.04 (−3.85%)

In millions of USD, except per-share figures

In millionsQ3 FY23Sep 2023Q4 FY23Dec 2023Q1 FY24Mar 2024Q2 FY24Jun 2024Q3 FY24Sep 2024Q4 FY24Dec 2024Q1 FY25Mar 2025Q2 FY25Jun 2025Q3 FY25Sep 2025Q4 FY25Dec 2025Q1 FY26Mar 2026Q2 FY26Jun 2026
Revenue413624294541273233323134
Cost of revenue1916881917888879
Gross profit222016202625192324242325
584237333927272829292826
Research & development19141413109879999
302622202318182121191818
Selling & marketing1412109107778767
General & administrative161512111311111413121211
Other expenses911060100000
Operating income−36−22−21−13−13−2−8−5−5−4−4−2
−6−91−611111171−10
Interest expense875200000000
Other non-operating income−31−64−11−1−1−1−17−110
Income before tax−42−30−21−19−3−1−7−412−3−5−1
Income tax expense000000000000
Net income from continuing operations−42−30−21−19−3−1−7−412−3−5−1
Discontinued operations000000−3−300−30
Other adjustments−100000000000
Net income−43−32−22−21−4−2−10−713−3−8−1
EPS, basic−$0.18−$0.13−$0.09−$0.09−$0.03−$0.03−$0.06−$0.04$0.03−$0.03−$0.05−$0.03
EPS, diluted−$0.18−$0.13−$0.09−$0.09−$0.03−$0.03−$0.06−$0.04$0.03−$0.03−$0.05−$0.03
Weighted average shares, basic246249251253255257259259260258256240
Weighted average shares, diluted246249251253255257259259269258256240
EBITDA−32−22−15−16−10−6−312−2−3−1
Depreciation & amortization111121010120
EBIT−34−23−16−18−3−1−7−412−3−5−1