See more : National Express Group PLC (NEX.L) Income Statement Analysis – Financial Results
Complete financial analysis of Blend Labs, Inc. (BLND) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Blend Labs, Inc., a leading company in the Software – Application industry within the Technology sector.
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Blend Labs, Inc. (BLND)
About Blend Labs, Inc.
Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. It also provides a suite of mortgage products that facilitates homeownership journey for consumers comprising close, income verification for mortgage, homeowners insurance, and realty. In addition, the company offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and professional and consulting services. It serves banks, credit unions, financial technology companies, and non-bank mortgage lenders. Blend Labs, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 156.85M | 235.20M | 234.50M | 96.03M | 50.67M |
| Cost of Revenue | 75.71M | 145.55M | 118.51M | 34.29M | 19.55M |
| Gross Profit | 81.14M | 89.65M | 115.99M | 61.74M | 31.12M |
| Gross Profit Ratio | 51.73% | 38.12% | 49.46% | 64.29% | 61.42% |
| Research & Development | 81.59M | 138.09M | 92.22M | 55.50M | 48.60M |
| General & Administrative | 70.69M | 139.12M | 128.80M | 30.11M | 26.59M |
| Selling & Marketing | 60.13M | 85.25M | 84.08M | 51.42M | 37.66M |
| SG&A | 130.82M | 224.37M | 212.88M | 81.53M | 64.25M |
| Other Expenses | 24.95M | 8.41M | 8.14M | 700.00K | 283.00K |
| Operating Expenses | 212.41M | 370.87M | 313.23M | 137.03M | 112.85M |
| Cost & Expenses | 288.12M | 516.42M | 431.74M | 171.32M | 132.39M |
| Interest Income | 0.00 | 22.39M | 10.88M | 1.00M | 0.00 |
| Interest Expense | 30.81M | 24.79M | 11.28M | 0.00 | 0.00 |
| Depreciation & Amortization | 5.76M | 14.42M | 13.81M | 6.35M | 4.76M |
| EBITDA | -143.21M | -726.85M | -182.94M | -68.24M | -76.68M |
| EBITDA Ratio | -91.31% | -111.35% | -78.01% | -74.25% | -151.32% |
| Operating Income | -156.22M | -281.22M | -197.24M | -75.29M | -81.72M |
| Operating Income Ratio | -99.60% | -119.57% | -84.11% | -78.40% | -161.28% |
| Total Other Income/Expenses | -23.56M | -19.87M | -10.79M | 700.00K | 283.00K |
| Income Before Tax | -179.79M | -766.05M | -208.03M | -74.59M | -81.44M |
| Income Before Tax Ratio | -114.63% | -325.70% | -88.71% | -77.68% | -160.72% |
| Income Tax Expense | 94.00K | -2.24M | -38.89M | 26.00K | 13.00K |
| Net Income | -185.32M | -763.81M | -169.14M | -74.62M | -81.45M |
| Net Income Ratio | -118.15% | -324.75% | -72.13% | -77.70% | -160.75% |
| EPS | -0.76 | -3.26 | -0.73 | -0.34 | -0.37 |
| EPS Diluted | -0.76 | -3.26 | -0.73 | -0.34 | -0.37 |
| Weighted Avg Shares Out | 245.21M | 234.16M | 230.32M | 219.59M | 219.59M |
| Weighted Avg Shares Out (Dil) | 245.21M | 234.16M | 230.32M | 219.59M | 219.59M |
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Blend Labs, Inc (BLND) Q2 2024 Earnings Call Transcript
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First National Bank of Fort Smith Partners with Blend to Streamline their Mortgage Lending and HELOC Businesses
Blend Recognized in the 2024 Gartner® Market Guide for Digital Banking Platforms
Source: https://incomestatements.info
Category: Stock Reports