Blend Labs, Inc. financial data

Symbol
BLND on NYSE
Industry
Services-Computer Programming, Data Processing, Etc.
Location
415 Kearny St., San Francisco, CA
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 495 % -49.4%
Debt-to-equity -727 % -376%
Return On Equity -145 %
Return On Assets -49.2 % +34.8%
Operating Margin -60.9 % +64.2%

Shares

Label TTM Value / Value Unit Change %
Common Stock, Shares, Outstanding 254M shares +3.43%
Entity Public Float 190M USD -56.9%
Common Stock, Value, Issued 2K USD 0%
Weighted Average Number of Shares Outstanding, Basic 253M shares +3.61%
Weighted Average Number of Shares Outstanding, Diluted 253M shares +3.61%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 152M USD -14.7%
Research and Development Expense 60.3M USD -47.9%
Selling and Marketing Expense 46M USD -38%
General and Administrative Expense 56.8M USD -46.3%
Operating Income (Loss) -92.6M USD +69.5%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -112M USD +65.1%
Income Tax Expense (Benefit) 35K USD -94.3%
Net Income (Loss) Attributable to Parent -112M USD +64.2%
Earnings Per Share, Basic -0.48 USD/shares +64.7%
Earnings Per Share, Diluted -0.48 USD/shares +64.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 45.5M USD +29.9%
Marketable Securities, Current 231M USD
Other Assets, Current 1.27M USD -71.3%
Assets, Current 143M USD -53.9%
Property, Plant and Equipment, Net 7.62M USD +53.2%
Operating Lease, Right-of-Use Asset 7.52M USD -26.6%
Intangible Assets, Net (Excluding Goodwill) 2.1M USD -0.94%
Goodwill 0 USD -100%
Other Assets, Noncurrent 16.3M USD +81.5%
Assets 185M USD -47.1%
Accounts Payable, Current 1.08M USD -65.6%
Employee-related Liabilities, Current 3.23M USD -32%
Accrued Liabilities, Current 2.92M USD +10.2%
Contract with Customer, Liability, Current 20.8M USD +74%
Liabilities, Current 41.5M USD +19.1%
Contract with Customer, Liability, Noncurrent 0 USD
Deferred Income Tax Liabilities, Net 0 USD -100%
Operating Lease, Liability, Noncurrent 5.17M USD -44%
Other Liabilities, Noncurrent 1.57M USD -55.3%
Liabilities 48.3M USD -81.8%
Accumulated Other Comprehensive Income (Loss), Net of Tax 304K USD
Retained Earnings (Accumulated Deficit) -1.38B USD -8.83%
Stockholders' Equity Attributable to Parent -45.5M USD -210%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 176M USD -78.8%
Liabilities and Equity 185M USD -47.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -3.87M USD +91.7%
Net Cash Provided by (Used in) Financing Activities -3.19M USD -31.7%
Net Cash Provided by (Used in) Investing Activities 60.6M USD
Common Stock, Shares Authorized 3B shares 0%
Common Stock, Shares, Issued 254M shares +3.43%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 53.6M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 52.7M USD +11.5%
Interest Paid, Excluding Capitalized Interest, Operating Activities 4.53M USD -34.5%
Deferred Tax Assets, Valuation Allowance 237M USD +16.1%
Deferred Tax Assets, Gross 242M USD +15.3%
Operating Lease, Liability 9.87M USD -26.7%
Depreciation 2.3M USD -4.17%
Payments to Acquire Property, Plant, and Equipment 268K USD -11.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -111M USD +64.3%
Lessee, Operating Lease, Liability, to be Paid 11.3M USD -27.5%
Property, Plant and Equipment, Gross 16.5M USD +27.2%
Operating Lease, Liability, Current 4.7M USD +11.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.47M USD -65.4%
Lessee, Operating Lease, Liability, to be Paid, Year One 4.42M USD -13.6%
Deferred Income Tax Expense (Benefit) 0 USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.42M USD -33.1%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.26M USD -2.99%
Deferred Tax Assets, Operating Loss Carryforwards 145M USD +10.9%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 200M shares 0%
Unrecognized Tax Benefits 10M USD +22%
Lessee, Operating Lease, Liability, to be Paid, Year Four 972K USD -11.2%
Operating Lease, Payments 5.1M USD +2%
Additional Paid in Capital 1.34B USD +1.86%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 0 USD
Depreciation, Depletion and Amortization 564K USD -10.5%
Deferred Tax Assets, Net of Valuation Allowance 5.05M USD -10.9%
Share-based Payment Arrangement, Expense 30.6M USD -64.8%
Interest Expense 22M USD -24.1%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%