Blend Labs, Inc. (BLND) Income Statement Analysis

See more : KRBL Limited (KRBL.NS) 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 Fourth Quarter and Full Year 2021 Financial Results

March 31, 2022businesswire.com

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2021 financial results. In addition, the company provided its full year and first quarter 2022 revenue guidance on a...

Blend to Announce Fourth Quarter and Full Year 2021 Financial Results on March 22, 2022

February 28, 2022businesswire.com

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Tuesday, March 22, 2022 at 5:00 pm ET to discuss its fourth quarter and full year...

After A 64% Decline, Blend Labs Is An Opportunistic Buy

January 2, 2022seekingalpha.com

Since 2019, the total amount of mortgages processed utilizing Blend Labs' platform grew to 13.5% from 4.5%. Blend serves 32 of the top 100 U.S. financial services firms and 28 of the top 100 non-bank mortgage lenders.

3 Reasons Why Blend Labs Will Be a Long-Term Winner

December 18, 2021fool.com

This under-the-radar SaaS company looks to have a bright future ahead of it in the banking industry.

Blend Labs CEO Nima Ghamsari on Fintech, AI, Blockchain, and the Metaverse

November 27, 2021fool.com

This IPO unicorn is down nearly 50% from its highs, but is the stock a buy now?

Tiger Global Is Building Exposure to Fintech Stocks

November 19, 2021gurufocus.com

Chase Coleman (Trades, Portfolio)'s Tiger Global Management is one of the best-performing hedge funds of all time. The fund has produced a compound annual return for its investors of 21% since its inception two decades ago.

Blend Labs' (BLND) Management on Q3 2021 Results - Earnings Call Transcript

November 10, 2021seekingalpha.com

Blend Labs' (BLND) Management on Q3 2021 Results - Earnings Call Transcript

Is Blend Labs Stock a Buy Now? How This Former Palantir Employee Wants to Disrupt the Finance Sector

October 14, 2021fool.com

Blend Labs is a high-growth SaaS play, but how does its acquisition of Title365 affect the business?

Blend to Announce Third Quarter 2021 Financial Results on November 10, 2021

October 13, 2021businesswire.com

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Wednesday, November 10, 2021 at 5:30 pm ET to discuss its third quarter 2021 financial results....