7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $124M | -$7M | 73.8% | -17.6% | 22.3% | -4.0% | -$81000 | $0 | $45M |
| 2024 | $116M | -$43M | 71.9% | -42.2% | 76.9% | -24.3% | -$23M | $0 | $38M |
| 2023 | $110M | -$179M | 69.8% | -131.1% | 928.6% | -86.7% | -$128M | $138M | $24M |
| 2022 | $235M | -$720M | 38.1% | -317.3% | -584.7% | -166.4% | -$192M | $217M | $124M |
| 2021 | $234M | -$170M | 49.5% | -84.1% | -21.9% | -15.3% | -$129M | $214M | $213M |
| 2020 | $96M | -$75M | 64.3% | -78.4% | -45.7% | -34.6% | -$66M | $0 | $41M |
| 2019 | $51M | -$81M | 61.4% | -161.3% | -60.3% | — | — | — | $23M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $34M | -$1M | 73.5% | -4.7% | 2.0% | -1.0% | $7M | — | $23M |
| Mar '26 | $31M | -$8M | 75.8% | -16.4% | 14.4% | -5.0% | $6M | — | $37M |
| Dec '25 | $32M | -$7M | 73.8% | -15.3% | 22.5% | -4.0% | -$21000 | $0 | $45M |
| Sep '25 | $33M | $12M | 74.3% | -16.4% | -90.2% | 6.4% | -$6M | $0 | $55M |
| Jun '25 | $32M | -$7M | 73.8% | -15.3% | 29.7% | -3.8% | -$10M | $0 | $36M |
| Mar '25 | $27M | -$10M | 70.8% | -29.7% | 55.4% | -5.1% | $16M | $0 | $56M |
| Dec '24 | $30M | -$825000 | 74.2% | -10.9% | 1.5% | -0.5% | -$7M | $0 | $38M |
| Sep '24 | $33M | -$2M | 74.0% | -34.1% | 4.9% | -1.3% | -$1M | $0 | $51M |
| Jun '24 | $29M | -$19M | 70.9% | -45.5% | 42.7% | -10.5% | -$9M | $0 | $42M |
| Mar '24 | $24M | -$21M | 67.3% | -89.0% | 57.8% | -10.2% | -$6M | $139M | $78M |
| Dec '23 | $36M | -$30M | 54.6% | -60.6% | 157.4% | -14.7% | -$21M | $138M | $24M |
| Sep '23 | $41M | -$42M | 54.4% | -89.2% | -663.7% | -13.1% | -$26M | $219M | $85M |
| Jun '23 | $43M | -$41M | 54.9% | -85.8% | -99.9% | -11.8% | -$35M | $218M | $35M |
| Mar '23 | $37M | -$65M | 42.5% | -164.5% | -91.7% | -17.0% | -$47M | $218M | $46M |
| Dec '22 | $43M | -$81M | 33.7% | -175.7% | -65.4% | -18.6% | -$48M | $217M | $124M |
| Sep '22 | $55M | -$126M | 38.1% | -234.6% | -71.8% | -25.6% | -$51M | $216M | $114M |
| Jun '22 | $66M | -$441M | 38.5% | -719.3% | -158.1% | -73.6% | -$48M | $215M | $133M |
| Mar '22 | $72M | -$72M | 40.4% | -97.5% | -9.9% | -6.8% | -$46M | $215M | $168M |
| Dec '21 | $81M | -$72M | 43.1% | -73.9% | -9.3% | -6.4% | — | $214M | $213M |
| Sep '21 | $90M | -$77M | 45.0% | -78.8% | — | -6.5% | — | $213M | $276M |
How the market has priced BLND against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Blend Labs, Inc.'s revenue has grown 5.2% per year. These are computed facts, not advice.
As of FY2025, Blend Labs, Inc. reported $0 of total debt against $45M of cash.
In FY2025, gross margin was 73.8%, operating margin -17.6%, and net margin -5.5%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.