Financials in USD. Standardized financial statements.
A compact view of how Blend Labs, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $123.58M | $162.02M | $156.85M | $235.20M | $234.50M | $96.03M | $50.67M |
| Revenue Growth? | -23.7% | +3.3% | -33.3% | +0.3% | +144.2% | +89.5% | 0.0% |
| Cost of Revenue? | $32.42M | $71.47M | $75.71M | $145.55M | $118.51M | $34.29M | $19.55M |
| Gross Profit? | $91.17M | $90.54M | $81.14M | $89.65M | $115.99M | $61.74M | $31.12M |
| Gross Margin? | +73.8% | +55.9% | +51.7% | +38.1% | +49.5% | +64.3% | +61.4% |
| Operating Expenses? | $112.03M | $140.16M | $237.36M | $835.83M | $313.23M | $137.03M | $112.85M |
| Operating Income? | -$20.86M | -$49.62M | -$156.22M | -$746.18M | -$197.24M | -$75.29M | -$81.72M |
| EBITDA? | $2.94M | -$31.74M | -$143.21M | -$726.85M | -$182.94M | -$68.24M | -$76.67M |
| Income Before Tax | -$878,000 | -$43.31M | -$179.78M | -$766.05M | -$208.03M | -$74.59M | -$81.44M |
| Income Tax Expense | $249,000 | $109,000 | $94,000 | -$2.24M | -$38.89M | $26,000 | $13,000 |
| Net Income? | -$8.05M | -$49.60M | -$185.32M | -$768.61M | -$171.34M | -$74.62M | -$81.45M |
| EPS? | $-0.10 | $-0.24 | $-0.76 | $-3.28 | $-0.74 | $-0.34 | $-0.37 |
| Diluted EPS? | $-0.10 | $-0.24 | $-0.76 | $-3.28 | $-0.74 | $-0.34 | $-0.37 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality