A Business at a Glance
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Company Overview It’s our vision to bring simplicity and transparency to financial services, so every consumer can more easily access the capital they need to reach their financial goals. To realize this vision, we have built a market-leading digital origination platform and suite of products designed to transform consumer banking experiences and streamline workflows for financial providers. From the moment a consumer starts an application for a loan or a deposit account to the moment they digitally sign the final documents, our platform streamlines the process. Consumers expect modern banking experiences to be as simple as other online shopping experiences. However, financial services firms may not have the resources and in-house software expertise to fulfill consumer demands for intuitive, digital, and easy-to-use products.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 133M | 162M | 157M | - | 234M | 96M |
| Net Income | -4.2M | -60M | -185M | -769M | -171M | -171M |
| EPS | $-0.16 | $-0.24 | $-0.76 | $-3.28 | $-1.30 | $-1.89 |
| Free Cash Flow | 0 | -23M | -128M | -192M | -129M | -66M |
| ROIC | -7.9% | -22.0% | -59.9% | -136.2% | -17.3% | -48.7% |
| Gross Margin | 69.0% | 55.9% | 51.7% | - | 49.5% | 64.3% |
| Debt/Equity | 0.00 | -0.00 | -7.19 | 1.76 | 0.28 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -19M | -50M | -156M | -746M | -197M | -75M |
| Operating Margin | -14.3% | -30.6% | -99.6% | - | -84.1% | -78.4% |
| ROE | 0.0% | - | - | -624.0% | -22.1% | -104.9% |
| Shares Outstanding | 256M | 252M | 244M | 234M | 132M | 91M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 96M | 234M | N/A | 157M | 162M | 133M |
| Gross Margin | 64.3% | 49.5% | N/A | 51.7% | 55.9% | 69.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -75M | -197M | -746M | -156M | -50M | -19M |
| Op. Margin | -78.4% | -84.1% | N/A | -99.6% | -30.6% | -14.3% |
| Net Income | -171M | -171M | -769M | -185M | -60M | -4.2M |
| Net Margin | -178.4% | -73.1% | N/A | -118.2% | -37.3% | -3.1% |
| Non-Recurring | 0 | 0 | 15M | 25M | 7.5M | 7.5M |
| Returns on Capital | ||||||
| ROIC | -48.7% | -17.3% | -136.2% | -59.9% | -22.0% | -7.9% |
| ROE | -104.9% | -22.1% | -624.0% | N/A | N/A | 0.0% |
| ROA | -79.4% | -15.4% | -177.6% | -89.9% | -31.5% | -2.2% |
| Cash Flow | ||||||
| Op. Cash Flow | -65M | -128M | -190M | -128M | -13M | 5.9M |
| Free Cash Flow | -66M | -129M | -192M | -128M | -23M | 0 |
| Owner Earnings | -79M | -209M | -311M | -176M | -43M | -24M |
| CapEx | 1.3M | 1.9M | 2.1M | 587K | 9.8M | 0 |
| Maint. CapEx | 4.0M | 11M | 11M | 2.5M | 2.3M | 2.3M |
| Growth CapEx | 0 | 0 | 0 | 0 | 7.6M | 0 |
| D&A | 4.0M | 11M | 11M | 2.5M | 2.3M | 2.3M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 18K | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 10M | 71M | 110M | 46M | 28M | 28M |
| Debt Repayment | 0 | 0 | 0 | 85M | 145M | 145M |
| Balance Sheet | ||||||
| Net Debt | -41M | -333M | -137M | 1.4M | -98M | -77M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 77M |
| Long-Term Debt | 0 | 214M | 217M | 138M | 0 | N/A |
| Debt/Equity | 0.00 | 0.28 | 1.76 | -7.19 | 0.00 | 0.00 |
| Interest Coverage | N/A | -17.5 | -30.1 | -5.1 | -7.4 | -7.4 |
| Equity | 163M | 775M | 123M | -19M | -56M | -12M |
| Total Assets | 216M | 1.1B | 433M | 206M | 178M | 190M |
| Total Liabilities | 52M | 302M | 269M | 179M | 40M | 47M |
| Intangibles | 1.2M | 460M | 4.3M | 4.2M | 4.2M | 4.2M |
| Retained Earnings | -273M | -443M | -1.2B | -1.3B | -1.4B | -1.4B |
| Working Capital | 151M | 553M | 361M | 138M | 96M | 96M |
| Current Assets | 186M | 613M | 396M | 170M | 135M | 135M |
| Current Liabilities | 35M | 60M | 35M | 32M | 39M | 39M |
| Per Share Data | ||||||
| EPS | -1.89 | -1.30 | -3.28 | -0.76 | -0.24 | -0.16 |
| Owner EPS | -0.87 | -1.59 | -1.33 | -0.72 | -0.17 | -0.10 |
| Book Value | 1.80 | 5.88 | 0.53 | -0.08 | -0.22 | -0.05 |
| Cash Flow/Share | -0.72 | -0.97 | -0.81 | -0.52 | -0.05 | -0.01 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 90.7M | 131.8M | 234.3M | 243.8M | 252.0M | 256.1M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -8.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 1.3 | 2.2 | N/A | N/A | N/A |
| Price/Sales | N/A | 8.0 | N/A | 2.0 | 5.0 | 2.8 |
| FCF Yield | N/A | -13.3% | -70.8% | -19.9% | -2.1% | N/A |
| Market Cap | N/A | 970M | 272M | 644M | 1.1B | 366M |
| Avg. Price | N/A | 14.23 | 4.08 | 1.28 | 3.24 | 1.43 |
| Year-End Price | N/A | 7.36 | 1.16 | 2.64 | 4.29 | 1.43 |
Blend Labs, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 55.3%.
Blend Labs, Inc. (BLND) has a 5-year average return on invested capital (ROIC) of -56.8%. This is below average and may indicate limited pricing power.
Blend Labs, Inc. (BLND) has a market capitalization of $366M. It is classified as a small-cap stock.
Blend Labs, Inc. (BLND) does not currently pay a regular dividend.
Blend Labs, Inc. (BLND) operates in the Services-Computer Programming, Data Processing, Etc. industry, within the Technology sector.
Blend Labs, Inc. (BLND) reported annual revenue of $162 million in its most recent fiscal year, based on SEC EDGAR filings.
Blend Labs, Inc. (BLND) has a net profit margin of -37.3%. The company is currently unprofitable.
Blend Labs, Inc. (BLND) generated $-23 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Blend Labs, Inc. (BLND) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
Blend Labs, Inc. (BLND) reported earnings per share (EPS) of $-0.24 in its most recent fiscal year.
Blend Labs, Inc. (BLND) has a 5-year average gross margin of 55.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 5 years of financial data for Blend Labs, Inc. (BLND), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Blend Labs, Inc. (BLND) has a book value per share of $-0.22, based on its most recent annual SEC filing.