Blend Labs, Inc. financial data

Symbol
BLND on NYSE
Industry
Services-Computer Programming, Data Processing, Etc.
Location
7250 Redwood Blvd., Suite 300, Novato, CA
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 6, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 384 % -57.8%
Debt-to-equity -310 % -170%
Return On Equity -145 %
Return On Assets -37.4 % +39.3%
Operating Margin -44.5 % +65.3%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 256M shares +3.2%
Entity Public Float 190M USD -56.9%
Common Stock, Value, Issued 2K USD 0%
Weighted Average Number of Shares Outstanding, Basic 255M shares +3.45%
Weighted Average Number of Shares Outstanding, Diluted 255M shares +3.45%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 157M USD -4.17%
Research and Development Expense 51.6M USD -48.6%
Selling and Marketing Expense 41.4M USD -39.2%
General and Administrative Expense 54.1M USD -39.5%
Operating Income (Loss) -69.7M USD +66.7%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -73.1M USD +68.3%
Income Tax Expense (Benefit) 9K USD -98.6%
Net Income (Loss) Attributable to Parent -72.8M USD +68.2%
Earnings Per Share, Basic -0.33 USD/shares +66%
Earnings Per Share, Diluted -0.33 USD/shares +66%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 55M USD -34.9%
Marketable Securities, Current 231M USD
Other Assets, Current 1.64M USD -47.9%
Assets, Current 146M USD -48.3%
Property, Plant and Equipment, Net 9.72M USD +118%
Operating Lease, Right-of-Use Asset 1.72M USD -81.8%
Intangible Assets, Net (Excluding Goodwill) 2.09M USD -1.37%
Goodwill 0 USD -100%
Other Assets, Noncurrent 16.8M USD +74.4%
Assets 186M USD -41.5%
Accounts Payable, Current 1.86M USD -12.2%
Employee-related Liabilities, Current 6.05M USD -38.7%
Accrued Liabilities, Current 3.69M USD +51.4%
Contract with Customer, Liability, Current 19.9M USD +97.5%
Liabilities, Current 45.2M USD +22.9%
Contract with Customer, Liability, Noncurrent 0 USD
Deferred Income Tax Liabilities, Net 0 USD -100%
Operating Lease, Liability, Noncurrent 955K USD -88.3%
Other Liabilities, Noncurrent 1.29M USD -61.5%
Liabilities 47.5M USD -82.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax 765K USD
Retained Earnings (Accumulated Deficit) -1.38B USD -5.55%
Stockholders' Equity Attributable to Parent -49.6M USD -888%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 176M USD -78.8%
Liabilities and Equity 186M USD -41.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -3.87M USD +91.7%
Net Cash Provided by (Used in) Financing Activities -3.19M USD -31.7%
Net Cash Provided by (Used in) Investing Activities 60.6M USD
Common Stock, Shares Authorized 3B shares 0%
Common Stock, Shares, Issued 256M shares +3.2%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 53.6M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 62.3M USD -32.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 4.53M USD -34.5%
Deferred Tax Assets, Valuation Allowance 237M USD +16.1%
Deferred Tax Assets, Gross 242M USD +15.3%
Operating Lease, Liability 5.27M USD -57.6%
Depreciation 2.2M USD -8.33%
Payments to Acquire Property, Plant, and Equipment 268K USD -11.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -71.6M USD +68.5%
Lessee, Operating Lease, Liability, to be Paid 5.78M USD -59.6%
Property, Plant and Equipment, Gross 12.8M USD -2.04%
Operating Lease, Liability, Current 4.32M USD +0.49%
Lessee, Operating Lease, Liability, to be Paid, Year Two 270K USD -93.6%
Lessee, Operating Lease, Liability, to be Paid, Year One 3.61M USD -29.4%
Deferred Income Tax Expense (Benefit) 0 USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 511K USD -72.8%
Lessee, Operating Lease, Liability, to be Paid, Year Three 225K USD -82.7%
Deferred Tax Assets, Operating Loss Carryforwards 145M USD +10.9%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 200M shares 0%
Unrecognized Tax Benefits 10M USD +22%
Lessee, Operating Lease, Liability, to be Paid, Year Four 237K USD -78.3%
Operating Lease, Payments 6.5M USD +27.5%
Additional Paid in Capital 1.33B USD +1.2%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 0 USD
Depreciation, Depletion and Amortization 564K USD -10.5%
Deferred Tax Assets, Net of Valuation Allowance 5.05M USD -10.9%
Share-based Payment Arrangement, Expense 28.2M USD -58.5%
Interest Expense 13.8M USD -55.5%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%