What is Blend Labs's gross profit?

Blend Labs (BLND) reported gross profit of $23.37M in Q1 2026.

How has Blend Labs's gross profit changed year-over-year?

Blend Labs's gross profit increased by 23.0% year-over-year, from $19M to $23.37M.

What is the long-term trend for Blend Labs's gross profit?

Over 4 years (2021 to 2025), Blend Labs's gross profit has grown at a -5.8% compound annual growth rate (CAGR), from $115.99M to $91.17M.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Blend Labs BLND Gross Profit

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Other financials

Income statement

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Revenue$30.8M+14.9%

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

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Market cap$392.23M-52.3%

Enterprise value$354.22M-53.5%

P/S3.1×-3.8×

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

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Return on equity-251.8%+881pp

Debt / equity36.8×+35.5×

Current ratio1.8×-0.6×

Where this comes from

Calculated from Blend Labs’s reported figures.

$30.8Mtotal revenue−$7.5Mtotal cost of revenue=$23.37M

The official record: Blend Labs’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Blend Labs's gross profit?: Blend Labs (BLND) reported gross profit of $23.37M in Q1 2026.
How has Blend Labs's gross profit changed year-over-year?: Blend Labs's gross profit increased by 23.0% year-over-year, from $19M to $23.37M.
What is the long-term trend for Blend Labs's gross profit?: Over 4 years (2021 to 2025), Blend Labs's gross profit has grown at a -5.8% compound annual growth rate (CAGR), from $115.99M to $91.17M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.