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Blend Labs

BLND

Blend Labs provides a cloud-based software platform designed to modernize and streamline the consumer journey for financial services.

Market cap
$423.7M-51.2%
Revenue$127.6M+7.4%
Net income-$5.3M+83.4%
Free cash flow-$9.6M-739%
EPS (diluted)-$0.09+57.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$33.1M
EPS estimate$0.02

Financials

Q1 2026

Income statement

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Revenue$30.8M+14.9%
Gross profit$23.4M+23.0%
Operating income-$5.1M+36.6%
Net income-$8.0M+15.4%
EPS (diluted)-$0.05+16.7%

Balance sheet

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Cash & equivalents$39.4M-35.7%
Total debt$1.4M-20.8%
Total equity-$55.9M-226%
Total assets$161.3M-14.0%

Cash flow

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Operating cash flow$7.4M-63.5%
CapEx$1.1M-74.1%
Free cash flow$6.2M-60.5%

Valuation & ratios

Valuation

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Market cap$423.7M-51.2%
Enterprise value$385.7M-56.4%
P/S3.3×-4.3×

Profitability

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Gross margin74.9%+2.3pp
Operating margin-14.7%-5.0pp
Net margin-4.2%-1.9pp
FCF margin-7.6%-8.9pp

Returns & leverage

See full
Current ratio1.8×-0.6×

Segments

By product

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Mortgage Suite$17.2M+17.6%
Consumer Banking Suite$10.8M+11.6%
Professional services$2.9M+12.1%

Competitors

Profile

Blend Labs provides a cloud-based software platform designed to modernize and streamline the consumer journey for financial services. The company enables financial institutions to digitize the origination process for mortgages, consumer loans, and deposit accounts, replacing legacy manual workflows with automated, AI-powered experiences. Its core value proposition centers on increasing operational efficiency for lenders while delivering a seamless, e-commerce-like experience for consumers.

Competitive position

Blend is a leading provider of digital origination software, distinguished by its deep ecosystem integrations and its 'Blend Builder' low-code development environment.

GeographiesUnited States
Customer segmentsFinancial Institutions, Enterprise, SMB Lenders
Business modelSaaS, Success-Based Pricing, B2B
SuppliersCloud Infrastructure Providers, Third-party Data Providers, Open Source Software Communities
CustomersRetail Banks, Community Lenders, Non-bank Mortgage Lenders, Credit Unions
Listed2021
Employees881.0
CEONima Ghamsari
Websiteblend.com
FilingsSEC EDGAR

Questions, answered.

What is Blend Labs's market cap?
Blend Labs (BLND) has a market capitalization of $423.7M and trades on NYSE.
What is Blend Labs's revenue and profitability?
Blend Labs generated $127.6M in trailing twelve-month revenue with a net loss of $5.3M, representing a net margin of -4.2%. Gross margin stands at 74.9%, with free cash flow of -$9.6M. These figures are based on the Q1 2026 filing.
Who are Blend Labs's competitors?
Blend Labs's key competitors include nCino, ICE Mortgage Technology, Beeline Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Blend Labs partner with?
Blend Labs's notable partners include Covered Insurance Solutions, LLC, Fannie Mae, Freddie Mac, and others.
Where is Blend Labs headquartered?
Blend Labs is headquartered in United States of America and employs approximately 881 people. It has been publicly traded since 2021.