Blend Labs, Inc. (BLND) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 7.35M | 980K | -3.49M | -6.37M | 20.39M | -4.59M | 2.08M | -6.67M | -3.87M | -20.69M | -25.89M | -34.39M | -46.65M | -47.33M | -50.48M | -46.76M | -45.84M | -43.12M | -31.28M | -32.71M |
| Operating CF Margin % | 23.84% | 3.02% | -10.62% | -20.2% | 76.17% | -11.08% | 4.59% | -23.23% | -16.22% | -57.31% | -63.78% | -80.32% | -124.95% | -110.63% | -91.21% | -71.34% | -64.09% | -53.25% | -34.92% | -102.01% |
| Operating CF Growth % | -63.94% | 121.37% | -268.11% | 4.47% | 627.15% | 77.84% | 108.02% | 80.62% | 91.71% | 56.29% | 48.72% | 26.45% | -1.77% | -9.76% | -61.4% | -42.96% | -124.78% | -293.36% | - | - |
| Net Income | -10.2M | -7.28M | 12.53M | -3.65M | -6.61M | -6.51M | -8.25M | -23.37M | -20.71M | -31.81M | -43.21M | -41.49M | -66.19M | -81.44M | -132.75M | -477.2M | -72.42M | -71.51M | -76.33M | 5.77M |
| Depreciation & Amortization | 1.94M | 1.38M | 1.62M | 762K | 484K | 971K | 1.57M | 1.28M | 1.05M | 1.45M | 1.44M | 1.44M | 1.44M | 1.6M | 1.95M | 5.47M | 5.39M | 4.8M | 6.23M | 1.37M |
| Stock-Based Compensation | 0 | 7.48M | 7.77M | 7.56M | 6.05M | 0 | 0 | 0 | 8.04M | 0 | 0 | 14.36M | 16.39M | 28.19M | 27.95M | 29.25M | 24.31M | 16.8M | 43.42M | 6.61M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.2M | 0 | 0 |
| Other Non-Cash Items | 11.19M | 3.98M | -17.5M | -823K | 482K | 11.54M | 5.72M | 13.63M | -4.67M | 12.34M | 10.62M | -505K | 367K | 2.12M | 57.35M | 394.15M | 138K | 3.51M | 2.42M | -44.87M |
| Working Capital Changes | 4.42M | -4.58M | -7.91M | -10.22M | 19.98M | -10.59M | 3.04M | 1.8M | 12.41M | -2.67M | 5.27M | -8.2M | 1.35M | 2.2M | -5M | 1.57M | -3.26M | -3.91M | -7.02M | -1.58M |
| Change in Receivables | -9.06M | 3.42M | 2.71M | -4.27M | 3.91M | -1.48M | 3.62M | 2.07M | 1.16M | 1.25M | 1.71M | -1.58M | 2.9M | 5.13M | 3.42M | 3.33M | 409K | -3.78M | -163K | -2.03M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.6M | 1.05M | -429K | -1.47M | 1.05M | 554K | 868K | -1.15M | -351K | 49K | -1.03M | 1.22M | 672K | -1.29M | -752K | 1.46M | -4.31M | -625K | 512K | 1.16M |
| Cash from Investing | 2.89M | -1.25M | 27.39M | -10.83M | 3.23M | -1.89M | 11.75M | -25.08M | 60.62M | 53.24M | 71.79M | 31.22M | -28.94M | 57.39M | 31.19M | 11.54M | -683K | -19.17M | -654.02M | 33.14M |
| Capital Expenditures | -1.12M | -1.56M | -2.27M | -3.73M | -4.59M | -2.58M | -3.43M | -1.85M | -1.96M | -82K | -31K | -170K | -304K | -458K | -446K | -896K | -268K | -649K | -560K | -223K |
| CapEx % of Revenue | 3.62% | 4.81% | 6.91% | 11.84% | 17.13% | 6.23% | 7.6% | 6.45% | 8.24% | 0.23% | 0.08% | 0.4% | 0.81% | 1.07% | 0.81% | 1.37% | 0.37% | 0.8% | 0.63% | 0.7% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 9.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -416.85M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 970K | 2.8M | 29.66M | -36K | -84K | 0 | -283K | -15K | 0 | -2.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -152K | -3M | 16.83M |
| Cash from Financing | -17.87M | -17.56M | -6.2M | -3.65M | -5.18M | -6.32M | -4.23M | -7.32M | -3.19M | -86.12M | -1.33M | -1.09M | -2.42M | 41K | 940K | 158K | 1.08M | -925K | 591.89M | 17.14M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 149.38M | 0 | -144.5M | 0 | -85.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24K | 218.82M | 0 |
| Equity Issued (Net) | -16.74M | -15.58M | -4.31M | -1.55M | -2.57M | -148.59M | -248K | 140.39M | 0 | 248K | -2K | 0 | 0 | 0 | 0 | 0 | 0 | -2.05M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -16.84M | -15.73M | -5.03M | -1.55M | -2.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.13M | -1.98M | -1.89M | -2.1M | -2.61M | -7.11M | -3.98M | -3.21M | -3.19M | -1.31M | -1.32M | -1.09M | -2.42M | 41K | 940K | 158K | 1.08M | 1.15M | 373.07M | 17.14M |
| Net Change in Cash | -4.21M | -16.47M | 17.7M | -20.85M | 18.44M | -7.78M | 9.59M | -39.07M | 53.56M | -53.59M | 49.58M | -4.26M | -78M | 9.82M | -18.3M | -34.98M | -45.42M | -63.23M | -93.41M | 17.58M |
| Free Cash Flow | 6.24M | -21K | -5.76M | -10.1M | 15.8M | -7.17M | -1.36M | -8.52M | -5.83M | -20.77M | -25.92M | -34.56M | -46.96M | -47.79M | -50.93M | -47.65M | -46.11M | -43.92M | -31.84M | -32.93M |
| FCF Margin % | 20.22% | -0.06% | -17.54% | -32.04% | 59.03% | -17.31% | -3% | -29.68% | -24.46% | -57.54% | -63.85% | -80.72% | -125.77% | -111.7% | -92.01% | -72.71% | -64.47% | -54.24% | -35.55% | -102.71% |
| FCF Growth % | -60.55% | 99.71% | -324.93% | -18.58% | 370.97% | 65.5% | 94.77% | 75.35% | 87.58% | 56.53% | 49.11% | 27.48% | -1.84% | -8.8% | -59.96% | -44.71% | -122.8% | -280.96% | - | - |
| FCF per Share | 0.02 | -0.00 | -0.02 | -0.04 | 0.06 | -0.03 | -0.01 | -0.03 | -0.02 | -0.08 | -0.11 | -0.14 | -0.19 | -0.20 | -0.22 | -0.20 | -0.20 | -0.19 | -0.16 | -0.15 |
| FCF Conversion (FCF/Net Income) | -0.91x | -0.28x | -0.28x | 0.96x | -1.94x | 1.96x | -0.49x | 0.32x | 0.17x | 0.65x | 0.60x | 0.80x | 0.69x | 1.38x | 0.38x | 0.10x | 0.62x | 0.60x | 0.41x | -5.67x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.53M | 0 | 0 | 7.19M | 6.91M | 6.5M | 8.89M | 4.72M | 4.94M | 0 | 1.59M | 0 |
| Taxes Paid | 0 | 189K | -132K | 199K | 133K | 0 | 0 | 0 | 9K | 0 | 0 | -53K | 101K | 86K | 53K | 126K | 11K | 394K | 445K | 20K |