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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
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:PaymentsToAcquireProductiveAssets.

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 itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Purchases of marketable securities(4,966)(23,749)
Sale of available-for-sale securities859
Maturities of marketable securities8,00027,727
Additions to property, equipment and internal-use software development costs(1,942)(7,912)
Investment in non-marketable equity securities(4,000)
Net cash provided by (used in) investing activities - continuing operations1,092(7,075)
Net cash provided by (used in) investing activities - discontinued operations1,110(120)
Net cash provided by (used in) investing activities2,202(7,195)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Blend Labs's capex?
Blend Labs (BLND) reported capex of $825K in Q2 2026.
How has Blend Labs's capex changed year-over-year?
Blend Labs's capex decreased by 77.1% year-over-year, from $3.6M to $825K.
What is the long-term trend for Blend Labs's capex?
Over 3 years (2021 to 2025), Blend Labs's capex has grown at a 83.2% compound annual growth rate (CAGR), from $1.89M to $11.59M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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