Blend Labs (BLND)
Embeds a white-labeled origination platform inside banks' and lenders' own lending workflows.
$1.14
vs last close−0.03 (−2.99%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 36 | 24 | 29 | 45 | 41 | 27 | 32 | 33 | 32 | 31 | 34 |
| Cost of revenue | 19 | 16 | 8 | 8 | 19 | 17 | 8 | 8 | 8 | 8 | 7 | 9 |
| Gross profit | 22 | 20 | 16 | 20 | 26 | 25 | 19 | 23 | 24 | 24 | 23 | 25 |
| 58 | 42 | 37 | 33 | 39 | 27 | 27 | 28 | 29 | 29 | 28 | 26 | |
| Research & development | 19 | 14 | 14 | 13 | 10 | 9 | 8 | 7 | 9 | 9 | 9 | 9 |
| 30 | 26 | 22 | 20 | 23 | 18 | 18 | 21 | 21 | 19 | 18 | 18 | |
| Selling & marketing | 14 | 12 | 10 | 9 | 10 | 7 | 7 | 7 | 8 | 7 | 6 | 7 |
| General & administrative | 16 | 15 | 12 | 11 | 13 | 11 | 11 | 14 | 13 | 12 | 12 | 11 |
| Other expenses | 9 | 1 | 1 | 0 | 6 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Operating income | −36 | −22 | −21 | −13 | −13 | −2 | −8 | −5 | −5 | −4 | −4 | −2 |
| −6 | −9 | 1 | −6 | 11 | 1 | 1 | 1 | 17 | 1 | −1 | 0 | |
| Interest expense | 8 | 7 | 5 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other non-operating income | −3 | 1 | −6 | 4 | −11 | −1 | −1 | −1 | −17 | −1 | 1 | 0 |
| Income before tax | −42 | −30 | −21 | −19 | −3 | −1 | −7 | −4 | 12 | −3 | −5 | −1 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income from continuing operations | −42 | −30 | −21 | −19 | −3 | −1 | −7 | −4 | 12 | −3 | −5 | −1 |
| Discontinued operations | 0 | 0 | 0 | 0 | 0 | 0 | −3 | −3 | 0 | 0 | −3 | 0 |
| Other adjustments | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −43 | −32 | −22 | −21 | −4 | −2 | −10 | −7 | 13 | −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, basic | 246 | 249 | 251 | 253 | 255 | 257 | 259 | 259 | 260 | 258 | 256 | 240 |
| Weighted average shares, diluted | 246 | 249 | 251 | 253 | 255 | 257 | 259 | 259 | 269 | 258 | 256 | 240 |
| EBITDA | −32 | −22 | −15 | −16 | −1 | 0 | −6 | −3 | 12 | −2 | −3 | −1 |
| Depreciation & amortization | 1 | 1 | 1 | 1 | 2 | 1 | 0 | 1 | 0 | 1 | 2 | 0 |
| EBIT | −34 | −23 | −16 | −18 | −3 | −1 | −7 | −4 | 12 | −3 | −5 | −1 |
