Blend Labs, Inc. (BLND) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 30.84M | 32.43M | 32.86M | 31.52M | 26.77M | 41.41M | 45.18M | 28.7M | 23.84M | 36.1M | 40.59M | 42.81M | 37.34M | 42.78M | 55.35M | 65.54M | 71.52M | 80.99M | 89.57M | 32.06M |
| Revenue Growth % | 15.21% | -21.68% | -27.28% | 9.85% | 12.29% | 14.69% | 11.32% | -32.98% | -36.15% | -15.62% | -26.67% | -34.67% | -47.8% | -47.17% | -38.2% | 104.41% | 124.39% | 164.42% | - | - |
| Cost of Goods Sold | 7.48M | 7.99M | 8.4M | 8.22M | 7.81M | 16.68M | 19.19M | 8.36M | 7.8M | 16.38M | 18.53M | 19.32M | 21.48M | 28.38M | 34.24M | 40.27M | 42.66M | 46.05M | 49.24M | 12.36M |
| COGS % of Revenue | 24.25% | 24.62% | 25.58% | 26.07% | 29.18% | 40.28% | 42.47% | 29.12% | 32.71% | 45.36% | 45.65% | 45.13% | 57.54% | 66.33% | 61.86% | 61.45% | 59.64% | 56.85% | 54.98% | 38.55% |
| Gross Profit | 23.36M | 24.45M | 24.46M | 23.3M | 18.96M | 24.73M | 26M | 20.34M | 16.04M | 19.73M | 22.06M | 23.49M | 15.85M | 14.41M | 21.11M | 25.27M | 28.87M | 34.95M | 40.33M | 19.7M |
| Gross Margin % | 75.75% | 75.38% | 74.42% | 73.93% | 70.82% | 59.72% | 57.53% | 70.88% | 67.29% | 54.64% | 54.35% | 54.87% | 42.46% | 33.67% | 38.14% | 38.55% | 40.36% | 43.15% | 45.02% | 61.45% |
| Gross Profit Growth % | 23.25% | -1.14% | -5.92% | 14.57% | 18.18% | 25.36% | 17.83% | -13.42% | 1.19% | 36.92% | 4.51% | -7.01% | -45.09% | -58.77% | -47.65% | 28.24% | 37.37% | 59.97% | - | - |
| Operating Expenses | 27.76M | 28.92M | 29.37M | 27.93M | 26.65M | 26.52M | 39.31M | 33.41M | 37.26M | 41.59M | 58.26M | 60.21M | 77.29M | 89.56M | 150.97M | 496.68M | 98.62M | 94.81M | 110.86M | 59.34M |
| OpEx % of Revenue | 90.02% | 89.18% | 89.37% | 88.6% | 99.56% | 64.04% | 87.01% | 116.43% | 156.3% | 115.2% | 143.53% | 140.64% | 207.01% | 209.34% | 272.73% | 757.84% | 137.88% | 117.06% | 123.78% | 185.07% |
| Selling, General & Admin | 18.35M | 19.45M | 20.75M | 20.57M | 18.41M | 17.54M | 23.02M | 20.38M | 22.11M | 26.48M | 30.31M | 35.77M | 38.25M | 53.36M | 52.66M | 58.91M | 59.44M | 62.3M | 80.98M | 38.45M |
| SG&A % of Revenue | 59.5% | 59.99% | 63.15% | 65.25% | 68.78% | 42.36% | 50.95% | 71.02% | 92.73% | 73.35% | 74.68% | 83.55% | 102.45% | 124.71% | 95.13% | 89.89% | 83.11% | 76.92% | 90.41% | 119.93% |
| Research & Development | 9.41M | 9.47M | 8.52M | 7.33M | 7.52M | 8.86M | 10.13M | 12.92M | 14.18M | 14.42M | 18.83M | 22.09M | 26.26M | 33.25M | 34.24M | 35.5M | 35.11M | 28.74M | 25.52M | 20.88M |
| R&D % of Revenue | 30.52% | 29.19% | 25.93% | 23.26% | 28.09% | 21.4% | 22.41% | 45.01% | 59.49% | 39.93% | 46.38% | 51.6% | 70.33% | 77.71% | 61.86% | 54.17% | 49.08% | 35.49% | 28.49% | 65.14% |
| Other Operating Expenses | 0 | 0 | 93K | 28K | 719K | 116K | 1000K | 114K | 972K | 694K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Operating Income | -4.4M | -4.48M | -4.91M | -4.62M | -7.69M | -1.79M | -13.32M | -13.07M | -21.22M | -21.87M | -36.2M | -36.72M | -61.44M | -75.16M | -129.86M | -471.42M | -69.75M | -59.87M | -70.54M | -39.63M |
| Operating Margin % | -14.26% | -13.8% | -14.95% | -14.67% | -28.74% | -4.32% | -29.48% | -45.54% | -89.01% | -60.57% | -89.18% | -85.77% | -164.55% | -175.66% | -234.6% | -719.29% | -97.52% | -73.92% | -78.75% | -123.62% |
| Operating Income Growth % | 42.82% | -150.48% | 63.13% | 64.62% | 63.75% | 91.83% | 63.21% | 64.41% | 65.46% | 70.9% | 72.12% | 92.21% | 11.92% | -25.54% | -84.1% | -1089.42% | -156.36% | -272.97% | - | - |
| EBITDA | -2.46M | -3.1M | -4.88M | -3.86M | -7.21M | -1.1M | -11.26M | -12.04M | -20.17M | -20.41M | -34.76M | -35.29M | -60M | -73.56M | -127.9M | -465.94M | -64.36M | -55.07M | -64.31M | -38.26M |
| EBITDA Margin % | -7.99% | -9.54% | -14.86% | -12.25% | -26.93% | -2.67% | -24.92% | -41.97% | -84.6% | -56.54% | -85.64% | -82.42% | -160.7% | -171.92% | -231.07% | -710.94% | -89.99% | -67.99% | -71.8% | -119.33% |
| EBITDA Growth % | 65.82% | -180.09% | 56.65% | 67.93% | 64.26% | 94.59% | 67.61% | 65.87% | 66.39% | 72.25% | 72.82% | 92.43% | 6.78% | -33.57% | -98.89% | -1117.8% | -149.55% | -276.68% | - | - |
| D&A (Non-Cash Add-back) | 1.94M | 1.38M | 29.33K | 762K | 484K | 682K | 2.06M | 1.03M | 1.05M | 1.45M | 1.44M | 1.44M | 1.44M | 1.6M | 1.95M | 5.47M | 5.39M | 4.8M | 6.23M | 1.37M |
| EBIT | -4.4M | -3.13M | 12.44M | -3.61M | -6.58M | -682K | -2.61M | -17.52M | -15.57M | -23.36M | -33.57M | -33.49M | -58.55M | -73.62M | -126.58M | -471.41M | -69.66M | -59.76M | -70.42M | -39.52M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.65M | -5.1M | -7.08M | -8.21M | -7.95M | -7.57M | -7.35M | -6.16M | -5.73M | -5.56M | -5.66M | -5.62M | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.65M | 5.1M | 7.08M | 8.21M | 7.95M | 7.57M | 7.35M | 6.16M | 5.73M | 5.56M | 5.66M | 5.62M | 0 |
| Other Income/Expense | -1M | 1.35M | 17.35M | 1.02M | 1.11M | 1.1M | 10.71M | -6.1M | 554K | -8.58M | -5.58M | -4.71M | -4.69M | -5.81M | -2.88M | -5.72M | -5.47M | -5.55M | -5.49M | 112K |
| Pretax Income | -5.4M | -3.13M | 12.44M | -3.61M | -6.58M | -682K | -2.61M | -19.17M | -20.67M | -30.45M | -41.78M | -41.44M | -66.12M | -80.97M | -132.73M | -477.14M | -75.22M | -65.42M | -76.03M | -39.52M |
| Pretax Margin % | -17.51% | -9.65% | 37.85% | -11.44% | -24.58% | -1.65% | -5.77% | -66.8% | -86.69% | -84.34% | -102.92% | -96.78% | -177.1% | -189.24% | -239.79% | -728.02% | -105.16% | -80.77% | -84.89% | -123.27% |
| Income Tax | 63K | 151K | 27K | 41K | 30K | 26K | 18K | 30K | 42K | -74K | 44K | 53K | 71K | 476K | 14K | 66K | -2.8M | 6.09M | 300K | -45.29M |
| Effective Tax Rate % | -1.17% | -4.82% | 0.22% | -1.14% | -0.46% | -3.81% | -0.69% | -0.16% | -0.2% | 0.24% | -0.11% | -0.13% | -0.11% | -0.59% | -0.01% | -0.01% | 3.72% | -9.31% | -0.39% | 114.59% |
| Net Income | -8.05M | -3.46M | 12.53M | -6.64M | -10.48M | -2.34M | -4.21M | -20.93M | -22.13M | -31.81M | -43.21M | -42.82M | -67.47M | -34.27M | -133.97M | -478.38M | -73.55M | -71.69M | -76.92M | 5.77M |
| Net Margin % | -26.1% | -10.66% | 38.14% | -21.08% | -39.16% | -5.64% | -9.31% | -72.95% | -92.82% | -88.11% | -106.46% | -100.02% | -180.72% | -80.1% | -242.04% | -729.91% | -102.83% | -88.51% | -85.88% | 17.98% |
| Net Income Growth % | 23.23% | -48.03% | 398.03% | 68.26% | 52.62% | 92.66% | 90.27% | 51.12% | 67.2% | 7.18% | 67.75% | 91.05% | 8.26% | 52.19% | -74.16% | -8396.55% | -171.72% | -348.49% | - | - |
| Net Income (Continuing) | -5.46M | -3.28M | 12.41M | -3.65M | -6.61M | -708K | -2.63M | -19.2M | -20.71M | -30.38M | -41.82M | -41.49M | -66.19M | -81.44M | -132.75M | -477.2M | -72.42M | -71.51M | -76.33M | 5.77M |
| Discontinued Operations | -1000K | -177K | 122K | -1000K | -1000K | 0 | 0 | -222K | 46K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 52.38M | 50.75M | 49.17M | 47.66M | 46.19M | 44.75M | 43.36M | 42.03M | 40.75M | 39.48M | 38.25M | 37.08M | 35.95M | 46.49M | 46.27M |
| EPS (Diluted) | -0.05 | -0.03 | 0.03 | -0.04 | -0.06 | -0.03 | -0.03 | -0.09 | -0.09 | -0.13 | -0.18 | -0.18 | -0.27 | -0.34 | -0.57 | -2.05 | -0.31 | -0.32 | -0.38 | 0.03 |
| EPS Growth % | 11.82% | -11.46% | 177.78% | 54.4% | 35.71% | 80.54% | 82% | 48.22% | 67.33% | 61.76% | 68.42% | 91.22% | 12.9% | -6.25% | -50% | -7894.68% | -158.33% | -339.56% | - | - |
| EPS (Basic) | -0.05 | -0.03 | 0.03 | -0.04 | -0.06 | -0.03 | -0.03 | -0.09 | -0.09 | -0.13 | -0.18 | -0.18 | -0.27 | -0.34 | -0.57 | -2.05 | -0.31 | -0.32 | -0.38 | 0.03 |
| Diluted Shares Outstanding | 255.63M | 258.12M | 268.72M | 259.21M | 258.83M | 256.74M | 254.91M | 253.07M | 250.93M | 248.62M | 246.41M | 244.26M | 241.44M | 238.44M | 235.27M | 232.5M | 230.33M | 227.95M | 200.18M | 219.59M |
| Basic Shares Outstanding | 255.63M | 258.12M | 259.63M | 259.21M | 258.83M | 256.74M | 254.91M | 253.07M | 250.93M | 248.62M | 246.41M | 244.26M | 241.44M | 238.44M | 235.27M | 232.5M | 230.33M | 227.95M | 200.18M | 219.59M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |