Blend Labs Inc
NYSE:BLND

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Blend Labs Inc Logo
Blend Labs Inc
NYSE:BLND
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Price: 5.21 USD 2.76% Market Closed
Market Cap: 1.3B USD
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Income Statement

Earnings Waterfall
Blend Labs Inc

Revenue
156.7m USD
Cost of Revenue
-71.2m USD
Gross Profit
85.5m USD
Operating Expenses
-147.2m USD
Operating Income
-61.7m USD
Other Expenses
-24.1m USD
Net Income
-85.8m USD

Income Statement
Blend Labs Inc

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Income Statement
Currency: USD
Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
96
N/A
112
+17%
122
+9%
184
+50%
235
+27%
274
+17%
308
+12%
273
-11%
235
-14%
201
-15%
178
-11%
164
-8%
157
-4%
154
-2%
152
-2%
157
+3%
Gross Profit
Cost of Revenue
(34)
(38)
(41)
(81)
(119)
(150)
(178)
(163)
(146)
(124)
(103)
(88)
(76)
(71)
(71)
(71)
Gross Profit
62
N/A
75
+21%
81
+9%
103
+27%
116
+13%
124
+7%
129
+4%
110
-15%
90
-19%
77
-15%
75
-2%
76
+1%
81
+7%
83
+3%
82
-2%
86
+5%
Operating Income
Operating Expenses
(137)
(154)
(179)
(256)
(313)
(364)
(403)
(379)
(371)
(337)
(296)
(258)
(212)
(186)
(163)
(147)
Selling, General & Administrative
(82)
(93)
(112)
(173)
(213)
(241)
(262)
(233)
(224)
(203)
(180)
(158)
(131)
(117)
(103)
(96)
Research & Development
(56)
(61)
(67)
(79)
(92)
(110)
(125)
(134)
(138)
(129)
(116)
(100)
(82)
(70)
(60)
(52)
Depreciation & Amortization
0
0
0
(4)
(8)
(12)
(16)
(12)
(8)
(4)
(0)
0
0
0
0
0
Operating Income
(75)
N/A
(79)
-5%
(98)
-24%
(153)
-56%
(197)
-29%
(240)
-22%
(273)
-14%
(269)
+2%
(281)
-5%
(260)
+7%
(221)
+15%
(182)
+18%
(131)
+28%
(103)
+22%
(82)
+21%
(62)
+24%
Pre-Tax Income
Interest Income Expense
0
0
0
(6)
(11)
(17)
(23)
(23)
(25)
(27)
(29)
(31)
(31)
(28)
(22)
(14)
Non-Reccuring Items
0
0
0
0
0
0
(398)
(462)
(465)
(478)
(82)
(27)
(25)
(13)
(11)
(8)
Total Other Income
1
1
0
0
1
0
0
3
5
8
11
10
7
10
2
10
Pre-Tax Income
(75)
N/A
(79)
-6%
(98)
-24%
(159)
-62%
(208)
-31%
(256)
-23%
(694)
-171%
(751)
-8%
(766)
-2%
(757)
+1%
(321)
+58%
(230)
+28%
(180)
+22%
(134)
+25%
(112)
+16%
(73)
+35%
Net Income
Tax Provision
0
(0)
45
45
39
42
(4)
(3)
2
(1)
(1)
(1)
(0)
(0)
(0)
(0)
Income from Continuing Operations
(75)
(79)
(52)
(114)
(169)
(214)
(697)
(754)
(764)
(758)
(322)
(231)
(180)
(134)
(112)
(73)
Income to Minority Interest
0
0
0
(1)
(1)
(2)
(3)
(4)
(5)
(5)
(5)
(5)
(5)
(6)
(8)
(13)
Net Income (Common)
(75)
N/A
(73)
+2%
(52)
+28%
(114)
-118%
(171)
-50%
(224)
-31%
(702)
-214%
(759)
-8%
(769)
-1%
(763)
+1%
(327)
+57%
(236)
+28%
(185)
+22%
(140)
+24%
(121)
+14%
(86)
+29%
EPS (Diluted)
-0.34
N/A
-0.32
+6%
-0.23
+28%
-0.57
-148%
-0.75
-32%
-0.97
-29%
-3.01
-210%
-3.22
-7%
-3.28
-2%
-3.15
+4%
-1.33
+58%
-0.95
+29%
-0.76
+20%
-0.58
+24%
-0.49
+16%
-0.34
+31%

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