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Blend Labs BLND Operating Income

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Other financials

Income statement

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Revenue$33.8M+7.0%
Gross profit$24.9M+6.5%
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:OperatingIncomeLoss.

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
General and administrative11,03413,71823,18724,950
Restructuring428666747
Total operating expenses26,46128,18254,88755,163
Loss from operations(1,576)(4,826)(6,637)(12,806)
Other income (expense), net2211,0182612,132
Loss before income taxes(1,355)(3,808)(6,376)(10,674)
Income tax expense(119)(41)(182)(71)
Loss before equity in losses of equity method investees(1,474)(3,849)(6,558)(10,745)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Blend Labs's operating income?
Blend Labs (BLND) reported operating income of -$1.58M in Q2 2026.
How has Blend Labs's operating income changed year-over-year?
Blend Labs's operating income increased by 67.3% year-over-year, from -$4.83M to -$1.58M.
What is the long-term trend for Blend Labs's operating income?
Over 4 years (2021 to 2025), Blend Labs's operating income has grown at a -41.6% compound annual growth rate (CAGR), from -$197.24M to -$22.98M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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