Blend Labs, Inc. (BLND) Income Statement Analysis

See more : Ehouse Global, Inc. (EHOS) 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)

Industry: Software - Application

Sector: Technology

Website: https://blend.com

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

Blend Announces Second Quarter 2023 Financial Results

August 9, 2023businesswire.com

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced its second quarter 2023 financial results. “Blend's second quarter results once again beat our top and bottom-line expectations. Revenue is benefiting from faster adoption of...

Blend Labs Faces Industry Headwinds With Higher For Longer Rates?

August 1, 2023seekingalpha.com

Blend Labs, Inc. provides software solutions for financial institutions seeking to improve their digital offerings. The firm's revenue is declining, and it is continuing to generate substantial operating losses. Given the potential for continued high interest rates and pressure on...

British Land reports a strong Q1 despite macroeconomic uncertainty

July 11, 2023invezz.com

British Land Company (LON: BLND) is up 3.0% on Tuesday after reporting a strong first quarter in the face of macroeconomic uncertainty. Leasing activity remained strong in the first quarter The property developer said leasing activity stood at 552,000 square...

British Land beams optimism, but FTSE 100 promotion doubtful

July 11, 2023proactiveinvestors.co.uk

Large-cap landlord British Land Company PLC (LSE:BLND)'s trading update on Tuesday showcased some positive results in the first quarter, not least a 96% occupancy rate in its campuses segment, which comprises mixed public and office spaces. Campuses income beat estimated...