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Blend Labs BLND Professional services — Total Cost of Revenue

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Other financials

Income statement

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Revenue$33.8M+7.0%
Gross profit$24.9M+6.5%
Operating income-$1.6M+67.3%
Net income-$1.5M+78.3%
EPS (diluted)-$0.03+25.0%

Balance sheet

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Cash & equivalents$25.2M-39.2%
Total debt$2.0M-14.2%
Total equity-$74.4M-223%
Total assets$143.6M-21.2%

Cash flow

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Operating cash flow$7.9M
CapEx$825.0K-77.1%
Free cash flow$7.1M+170%

Valuation

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Market cap$385.52M-47.3%
Enterprise value$362.31M-47.7%
P/S-3.0×

Profitability

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Gross margin74.3%+1.0pp
Operating margin-13%-3.9pp
Net margin-3.3%-1.5pp
FCF margin5.9%+4.6pp

Returns & leverage

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Return on equity-251.8%+881pp
Debt / equity36.8×+35.5×
Current ratio1.6×-0.8×

Where this comes from

Reported directly by Blend Labs in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Blend Labs’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001855747-26-000057
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total revenue33,83731,62964,68058,474
Cost of revenue
Software platform7,1526,56012,92012,457
Professional services1,8001,7133,5103,660
Total cost of revenue8,9528,27316,43016,117
Gross profit24,88523,35648,25042,357
Operating expenses:
Research and development8,6837,48618,09615,329

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Blend Labs's professional services — total cost of revenue?
Blend Labs (BLND) reported professional services — total cost of revenue of $1.8M in Q2 2026.
How has Blend Labs's professional services — total cost of revenue changed year-over-year?
Blend Labs's professional services — total cost of revenue increased by 5.1% year-over-year, from $1.71M to $1.8M.
What is the long-term trend for Blend Labs's professional services — total cost of revenue?
Over 4 years (2021 to 2025), Blend Labs's professional services — total cost of revenue has grown at a -13.6% compound annual growth rate (CAGR), from $12.81M to $7.15M.
What does professional services — total cost of revenue mean?
This metric captures the direct costs incurred to deliver professional services, including personnel expenses, third-party contractor fees, and other resources directly attributable to service engagements. Monitoring these costs is essential for evaluating the scalability and operational efficiency of the service delivery model. High or rising costs relative to service revenue may indicate inefficiencies in project execution or resource allocation.

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