Blend Labs, Inc.BLND

NYSETechnologyServices-Computer Programming, Data Processing, Etc.
Price (close)
$1.11
Market cap
$262.5M
P/E
—
Revenue (TTM)
$129.0M
Net income
-$4.3M
Dividend yield
—
1-year total return
-70.8%
Net margin
-3.3%
Revenue growth
6.0%
Debt / equity
—

What Blend Labs, Inc. does.

Blend (NYSE: BLND) is on a mission to transform the financial services industry by making the process of obtaining a loan or opening an account as seamless and intuitive as modern e-commerce. Today’s consumers expect simplicity, hyper-personalization, and speed across every banking and lending interaction.

Our platform brings together the data, technology, and AI-powered architecture needed to streamline and personalize every step of origination. We help financial institutions deliver transparency, speed, and scale across all major product lines in home lending and consumer banking, supporting end-to-end mortgage applications, home equity, refinance, vehicle, credit card, personal loan, and deposit account opening.

By unifying complex processes into a single, intelligent system, we enable financial institutions to operate with greater efficiency and agility across any channel, while giving our customers the kind of modern, effortless experiences they expect.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$96.0M$234.5M$235.2M$109.5M$115.8M$123.6M
Net income-$74.6M-$169.9M-$720.2M-$178.7M-$43.3M-$6.8M
Free cash flow-$66.3M-$129.2M-$192.5M-$127.7M-$22.8M-$81,000

More on BLND.

Figures from Blend Labs, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.