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Blend Labs, Inc. (BLND)

NYSE: BLND · Services-Computer Programming, Data Processing, Etc. · Novato, CA · filing with the SEC since 2021
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Grade4.6
◀ Past 3.5● Present 3.9▶ Future 5.9
1 est.
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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019
Report filedMar 16, 2026Mar 13, 2025Mar 14, 2024Mar 16, 2023Mar 31, 2022··
Revenue123,585115,762r109,549r235,201234,49596,02950,671
Cost of revenue32,41832,541r33,090r145,550118,50634,28919,547
Gross profit91,16783,221r76,459r89,651115,98961,74031,124
Research and development32,84346,08781,257r138,09492,21655,50348,597
Sales and marketing29,07334,410r57,470r85,24884,07751,42037,660
General and administrative50,11545,687r61,284r139,120128,80230,10826,589
Total operating expenses112,902132,066r220,067r835,828313,231137,031112,846
Operating income-21,735-48,845r-143,608r-746,177-197,242-75,291-81,722
Interest expense06,74730,81124,79011,27900
Interest and investment income3,7005,30011,4002,4004001,000·
Other income (expense), net20,85712,941r7,033r4,916493700283
Income before income taxes-878-42,651r-167,386r-766,051-208,028-74,591-81,439
Income tax expense24910994-2,241-38,8862613
Income from continuing operations-1,127-42,760-167,480····
Income from discontinued operations-5,856-659-12,399····
Net income including non-controlling interests-6,983-43,419-179,879-763,810-169,142-74,617-81,452
Net income to non-controlling interests·-74-1,186-43,63877100
Net income-6,801-43,345-178,693-720,172-169,913-74,617-81,452
Net income to common shareholders-25,887-60,483-185,320-768,610-171,343r-74,617r-81,452
Earnings per share, basic-0.10-0.24-0.76-3.28-1.30-1.89-2.49
Earnings per share, diluted-0.10-0.24-0.76-3.28-1.30-1.89-2.49
Weighted average shares, basic258,949253,921245,206234,161131,98539,40732,776
Weighted average shares, diluted258,949253,921245,206234,161131,98539,40732,776
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton BLND · research, not advice