Name: BLND Income Statement - Blend Labs Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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BLND - Blend Labs, Inc.

USD | NYSE | Technology

BLND Income Statement - Blend Labs Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20
Revenues
Revenues	30.8	32.4	32.9	31.5	26.8	30.1	33.1	28.7	23.8	(11.2)	40.6	42.8	37.3	42.8	55.4	65.5

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Revenues
Revenues	127.6	123.6	115.8	109.5	235.2	234.5	96.0	50.7
Cost of Revenue	32.1	32.4	32.5	33.1	145.6	118.5	34.3	19.5
Gross Profit	95.5	91.2	83.2	76.5	89.7	116.0	61.7	31.1
Operating Expenses
Research & Development	34.4	32.8	46.1	81.3	138.1	92.2	55.5	48.6
Selling General & Administrative	-	-	-	-	-
Operating Income
Operating Income	(18.8)	(21.7)	(48.8)	(143.6)	(746.2)	(197.2)	(75.3)	(81.7)
Non-Operating
Interest Income	3.2	3.7	5.3	11.4	2.4	0.4	1.0	-
Interest Expense	-	0.0	6.7	30.8	24.8	11.3
Tax & Net
Income Tax Expense	0.3	0.2	0.1	0.1	(2.2)	(38.9)	0.0	0.0
Net Income From Continuing Ops	0.3	(1.1)	(42.8)	(167.5)	(763.8)
Per Share
EPS Basic	(0.09)	(0.10)	(0.24)	(0.76)	(3.28)	(1.30)	(1.89)	(2.49)
EPS Diluted	(0.09)	(0.10)	(0.24)	(0.76)	(3.28)	(1.30)
Supplementary Data
EBITDA	(14.6)	(18.4)	(47.5)	(142.1)	(735.4)	(186.6)	(71.3)	(77.0)
EBIT	(18.8)	(21.7)	(48.8)	(143.6)	(746.2)	(197.2)

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	9.4	9.1	8.5	7.3	7.8	8.9	10.1	12.9	14.2	14.1	18.8	22.1	26.3	33.2	34.2	35.5	35.1	28.7	25.5	20.9	17.1	-	13.8	14.7	-
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	6.2	7.1	7.9	7.0	7.2	6.2	9.5	9.0	9.8	9.3	14.5	16.1	17.6	20.0	20.5	22.4	22.3
General & Administrative	12.2	12.4	12.9	13.6	11.2	10.5	11.5	11.4	12.4	5.1	15.8	19.6	20.7	33.4	32.1	36.5	37.1
Depreciation & Amortization	1.3	2.9	0.0	0.0	0.4	0.5	0.2	0.3	0.3	(0.3)	0.6	0.6	0.6	5.0	0.6	0.6
Amortization of Intangibles	-	-	-	-	-	-	-	-	0.0	-	0.0	-	0.0	0.0	0.3	4.0	4.1
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	28.4	28.6	29.4	27.9	27.0	25.6	35.8	33.4	37.3	24.3	58.3	60.2	77.3	89.6	151.0	496.7

Operating Income
Operating Income	(5.1)	(4.2)	(4.9)	(4.6)	(8.0)	(3.3)	(11.3)	(13.1)	(21.2)	(9.3)	(36.2)	(36.7)	(61.4)	(75.2)	(129.9)	(471.4)	(69.7)	(59.9)	(70.5)	(39.6)	(27.2)	-	(15.3)	(20.8)	-

Tax & Net
Income Tax Expense	0.1	0.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	(0.1)	0.0	0.1	0.1	0.5	0.0	0.1	(2.8)	6.1	0.3	(45.3)	0.0	-	0.0	0.0	-
Net Income From Continuing Ops	(5.5)	(3.0)	12.4	(3.6)	(6.9)	(2.2)	(0.6)	(19.2)	(20.7)	(18.0)	(41.8)	(41.5)	(66.2)	(81.4)	(132.7)	(477.2)	(72.4)
Net Income From Discontinued Ops	(2.6)	(0.2)	0.1	(3.0)	(2.8)	1.5	(2.0)	(0.2)	0.0	-	-	-	-	-	-	-	-
Net Income	(8.0)	(3.2)	12.5	(6.6)	(9.7)	(0.7)	(2.6)	(19.4)	(20.7)	(30.4)	(41.8)	(41.5)	(66.2)	(81.4)	(132.7)	(477.2)	(72.4)
Net Income Attributable To Parent	(8.0)	(3.2)	12.5	(6.6)	(9.5)	(0.8)	(2.4)	(19.4)	(20.7)	(30.3)	(41.8)	(41.2)	(65.4)	(80.6)	(126.1)	(441.4)
Less: Minority Interest	-	-	-	-	-	0.1	(0.2)	(0.0)	0.0	(0.1)	(0.1)	(0.3)	(0.8)	(0.9)	(6.6)	(35.8)	(0.3)
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	(12.8)	(7.9)	8.0	(11.0)	(15.0)	(6.5)	(8.3)	(23.6)	(22.1)	(31.8)	(43.2)	(42.8)	(67.5)	(82.7)	(134.0)

Per Share
EPS Basic	(0.05)	-	0.03	-	(0.06)	-	(0.03)	(0.09)	(0.09)	-	(0.18)	(0.18)	(0.28)	-	(0.57)	(2.06)	(0.32)	-	(0.38)	0.00	(0.60)	-	(0.38)	(0.53)	-
EPS Diluted	(0.05)	-	0.02	-	(0.06)	-	(0.03)	(0.09)	(0.09)	-	(0.18)	(0.18)	(0.28)	-	(0.57)	(2.06)	(0.32)	-
Shares Basic	255.6	-	259.6	259.2	258.8	-	254.9	253.1	250.9	-	246.4	244.3	241.4	-	235.3	232.5	230.3	-
Shares Diluted	255.6	-	268.7	259.2	258.8	-	254.9	253.1	250.9	-	246.4	244.3	241.4	-	235.3	232.5	230.3	-

Supplementary Data
EBITDA	(3.7)	(1.3)	(4.9)	(4.6)	(7.6)	(2.7)	(11.1)	(12.8)	(20.9)	(9.6)	(35.6)	(36.1)	(60.8)	(70.2)	(129.3)	(470.8)	(65.1)	(51.1)	(69.8)	(39.3)	(26.4)	-	(15.0)	(20.6)	-
EBIT	(5.1)	(4.2)	(4.9)	(4.6)	(8.0)	(3.3)	(11.3)	(13.1)	(21.2)	(9.3)	(36.2)	(36.7)	(61.4)	(75.2)	(129.9)	(471.4)	(69.7)	(59.9)	(70.5)