Blend Labs Inc Class A (BLND) financials
Blend Labs revenue and earnings by year
Blend Labs's revenue was $124 million in the fiscal year to December 31, 2025, up 6.8% from the year before. Net income was -$6.80 million, -5.5% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 16.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 124 | 116 | 110 | 235 | 234 | 96 | 51 |
| Revenue growth | 6.8% | 5.7% | -53.4% | 0.3% | 144.2% | 89.5% | — |
| Gross profit | 91 | 83 | 76 | 90 | 116 | 62 | 31 |
| Gross margin | 73.8% | 71.9% | 69.8% | 38.1% | 49.5% | 64.3% | 61.4% |
| Operating income | -22 | -49 | -144 | -746 | -197 | -75 | -82 |
| Operating margin | -17.6% | -42.2% | -131.1% | -317.3% | -84.1% | -78.4% | -161.3% |
| Net income | -7 | -43 | -179 | -720 | -170 | -75 | -81 |
| Net margin | -5.5% | -37.4% | -163.1% | -306.2% | -72.5% | -77.7% | -160.7% |
| Diluted EPS | -$0.10 | -$0.24 | -$0.76 | -$3.28 | -$1.30 | -$1.90 | — |
| Free cash flow | -0 | -23 | -128 | -192 | -129 | -66 | -60 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open BLND in Markets.
How Blend Labs makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Mortgage Suite | $19.2M | 56.9% |
| Consumer Banking Suite | $12.2M | 35.9% |
| Professional Services | $2.43M | 7.2% |
See also: BLND returns
No forecast, no recommendation. This page describes Blend Labs Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.