Blend Labs, Inc. financial data

Symbol
BLND on NYSE
Industry
Services-Computer Programming, Data Processing, Etc.
Location
415 Kearny St., San Francisco, California
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 632 % -37.8%
Debt-to-equity -12.1 K % -7247%
Return On Equity -145 %
Return On Assets -49.8 % +66.7%
Operating Margin -75.1 % +79.5%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 252 M shares +3.58%
Entity Public Float 190 M USD -56.9%
Common Stock, Value, Issued 2 K USD 0%
Weighted Average Number of Shares Outstanding, Basic 251 M shares +3.93%
Weighted Average Number of Shares Outstanding, Diluted 251 M shares +3.93%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 154 M USD -23.2%
Research and Development Expense 69.5 M USD -46.2%
Selling and Marketing Expense 52.8 M USD -34.4%
General and Administrative Expense 63.9 M USD -47.9%
Operating Income (Loss) -116 M USD +84.3%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -134 M USD +82.3%
Income Tax Expense (Benefit) 65 K USD -89.6%
Net Income (Loss) Attributable to Parent -134 M USD +81.2%
Earnings Per Share, Basic -0.57 USD/shares +82.4%
Earnings Per Share, Diluted -0.57 USD/shares +82.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 84.5 M USD +83%
Marketable Securities, Current 231 M USD
Other Assets, Current 2.26 M USD -56.3%
Assets, Current 160 M USD -54.4%
Property, Plant and Equipment, Net 5.98 M USD +10.7%
Operating Lease, Right-of-Use Asset 8.36 M USD -24.4%
Intangible Assets, Net (Excluding Goodwill) 2.1 M USD -0.94%
Goodwill 0 USD -100%
Other Assets, Noncurrent 16.3 M USD +65.2%
Assets 202 M USD -47.7%
Accounts Payable, Current 1.9 M USD -1.76%
Employee-related Liabilities, Current 5.19 M USD -53%
Accrued Liabilities, Current 2.6 M USD +18.7%
Contract with Customer, Liability, Current 21.5 M USD +65.1%
Liabilities, Current 42.6 M USD +6.61%
Contract with Customer, Liability, Noncurrent 0 USD
Deferred Income Tax Liabilities, Net 0 USD -100%
Operating Lease, Liability, Noncurrent 6.4 M USD -37.5%
Other Liabilities, Noncurrent 2.06 M USD -53.3%
Liabilities 190 M USD -30.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax 346 K USD +264%
Retained Earnings (Accumulated Deficit) -1.36 B USD -10.9%
Stockholders' Equity Attributable to Parent -35.8 M USD -150%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 176 M USD -78.8%
Liabilities and Equity 202 M USD -47.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -3.87 M USD +91.7%
Net Cash Provided by (Used in) Financing Activities -3.19 M USD -31.7%
Net Cash Provided by (Used in) Investing Activities 60.6 M USD
Common Stock, Shares Authorized 3 B shares 0%
Common Stock, Shares, Issued 252 M shares +3.58%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 53.6 M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 91.8 M USD +78.1%
Interest Paid, Excluding Capitalized Interest, Operating Activities 4.53 M USD -34.5%
Deferred Tax Assets, Valuation Allowance 237 M USD +16.1%
Deferred Tax Assets, Gross 242 M USD +15.3%
Operating Lease, Liability 11 M USD -23.7%
Depreciation 2.4 M USD 0%
Payments to Acquire Property, Plant, and Equipment 268 K USD -11.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -134 M USD +81.2%
Lessee, Operating Lease, Liability, to be Paid 12.6 M USD -24.8%
Property, Plant and Equipment, Gross 15.7 M USD +22.3%
Operating Lease, Liability, Current 4.57 M USD +10.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.47 M USD -65.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 4.42 M USD -13.6%
Deferred Income Tax Expense (Benefit) -34 K USD +98.8%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.63 M USD -31.7%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.26 M USD -3.14%
Deferred Tax Assets, Operating Loss Carryforwards 145 M USD +10.9%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 0 USD
Current Income Tax Expense (Benefit) 128 K USD -79.5%
Preferred Stock, Shares Authorized 200 M shares 0%
Unrecognized Tax Benefits 10 M USD +22%
Lessee, Operating Lease, Liability, to be Paid, Year Four 972 K USD -11.2%
Operating Lease, Payments 5 M USD 0%
Additional Paid in Capital 1.33 B USD +2.05%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 41 K USD -88.5%
Current Federal Tax Expense (Benefit) 0 USD
Amortization of Intangible Assets 0 USD
Depreciation, Depletion and Amortization 564 K USD -10.5%
Deferred Tax Assets, Net of Valuation Allowance 5.05 M USD -10.9%
Share-based Payment Arrangement, Expense 37.7 M USD -63%
Deferred State and Local Income Tax Expense (Benefit) 0 USD
Interest Expense 28.3 M USD +5.75%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%