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Blend Labs BLND Q4 2024 Annual earnings

Reported February 27, 2025 · After market close

Revenue$41.4MBeat by $3.6M
EPS-$0.03Miss by $0.04
Revenue estimate$37.9M
EPS estimate$0.01

Next report

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

Financials

Q4 2024

Income statement

See full
Revenue$30.1M
Gross profit$22.3M+48.4%
Operating income-$3.3M+64.6%
Net income-$825.0K+97.3%
EPS (diluted)-$0.03+76.9%

Balance sheet

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Cash & equivalents$38.0M-0.6%
Total debt$3.8M-97.4%
Total equity-$56.4M-193%
Total assets$178.1M-13.6%

Cash flow

See full
Operating cash flow-$4.6M+77.8%
CapEx$2.5M
Free cash flow-$7.1M+65.0%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$1.08B+70.2%
Enterprise value$1.04B+40.2%
P/S9.3×

Profitability

See full
Gross margin71.9%
Operating margin-42.2%
Net margin-37.4%
FCF margin-19.7%

Returns & leverage

See full
Current ratio3.5×-1.9×

Segments

By product

See full
Mortgage Suite$18.2M+5.7%
Consumer Banking Suite$9.5M+47.5%
Professional services$2.5M+10.1%

Versus estimates

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Questions, answered.

When did Blend Labs report Q4 2024 earnings?
Blend Labs (BLND) reported Q4 2024 earnings on February 27, 2025 after market close.
What were Blend Labs's Q4 2024 revenue and EPS?
Blend Labs reported revenue of $41.4M and eps of $-0.03 for Q4 2024.
Did Blend Labs beat estimates in Q4 2024?
Revenue beat the consensus estimate of $37.9M by $3.6M. EPS missed the consensus estimate of $0.01 by $0.04.
Where can I find Blend Labs's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001855747-25-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.