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Blend Labs BLND Gross Profit

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Other financials

Income statement

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Revenue$33.8M+7.0%
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$357.14M-51.2%
Enterprise value$333.93M-51.8%
P/S2.8×-3.2×

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

Calculated from Blend Labs’s reported figures.

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
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
Sales and marketing6,7406,95012,93814,137
General and administrative11,03413,71823,18724,950

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Blend Labs's gross profit?
Blend Labs (BLND) reported gross profit of $24.89M in Q2 2026.
How has Blend Labs's gross profit changed year-over-year?
Blend Labs's gross profit increased by 6.5% year-over-year, from $23.36M to $24.89M.
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 -6.1% compound annual growth rate (CAGR), from $115.99M to $89.99M.
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.

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