Saturday 17 October 2026
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Blend Labs, Inc.
BLND Technology Software Application
In the quarter to June 2026, revenue grew 6.98%, EPS grew 25.0% and free cash flow grew 170.3%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.
0.90
0.10
−10.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 6.73 | 1.00 | 0.53 | 2.08 | 2.50 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 21.04 | 10.22 | 2.75 | 5.53 | 4.49 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 577 | 1,689 | 1,546 | 881 | 540 | 419 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.17 | 0.14 | 0.15 | 0.12 | 0.21 | 0.29 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 51 | 96 | 234 | 235 | 110 | 116 | 124 | ||||
| Gross margin, % | — | — | — | 61.42 | 64.29 | 49.46 | 38.12 | 69.79 | 71.89 | 73.77 | |||||
| EBT | — | — | — | (81) | (75) | (208) | (766) | (167) | (43) | (1) | |||||
| EBT margin, % | — | — | — | (160.72) | (77.68) | (88.71) | (325.70) | (152.80) | (36.84) | (0.71) | |||||
| Net income | — | 0 | — | (81) | (75) | (169) | (764) | (180) | (43) | (7) | |||||
| Depreciation | — | — | — | 7 | 10 | 20 | 472 | 10 | 8 | 5 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 1.55 | 2.44 | 1.78 | 1.00 | 0.45 | 0.46 | 0.48 | ||||
| Earnings | — | — | — | (2.49) | (1.89) | (1.30) | (3.28) | (0.76) | (0.24) | (0.10) | |||||
| Cash flow | — | — | — | (1.80) | (1.65) | (0.97) | (0.81) | (0.52) | (0.05) | 0.04 | |||||
| Capex | — | — | — | (0.02) | (0.03) | (0.01) | (0.01) | 0.00 | (0.04) | (0.04) | |||||
| Free cash flow | — | — | — | (1.82) | (1.68) | (0.98) | (0.82) | (0.52) | (0.09) | 0.00 | |||||
| Book value | — | — | — | 0.00 | 4.14 | 5.87 | 0.53 | (0.08) | (0.22) | (0.12) | |||||
| Shares, m | — | — | — | 33 | 39 | 132 | 234 | 245 | 254 | 259 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | 8.87 | 8.87 | 4.13 | 1.52 | 5.69 | 9.23 | 6.37 | |||||
| P/B | — | — | — | 0.00 | 0.00 | 1.25 | 2.91 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | 7.12 | 7.12 | 2.71 | 0.94 | 5.70 | 9.62 | 6.93 | |||||
| EV/FCF | — | — | — | (10.95) | (10.95) | (4.91) | (1.15) | (4.89) | (48.87) | (10,571.10) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (59) | (65) | (128) | (190) | (128) | (13) | 12 | ||||
| Capex | — | — | — | (1) | (1) | (2) | (2) | 0 | (10) | (12) | |||||
| Free cash flow | — | — | — | (60) | (66) | (129) | (192) | (128) | (23) | 0 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | 120 | 151 | 553 | 361 | 138 | 96 | 58 | ||||
| Total debt | — | — | — | — | 14 | 214 | 217 | 138 | — | — | |||||
| Net debt | — | — | — | (128) | (138) | (333) | (137) | 1 | (94) | (68) | |||||
| Shareholders’ equity | — | — | — | — | 163 | 775 | 123 | (19) | (56) | (30) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | (69.17) | (25.80) | (99.48) | (58.02) | (31.49) | (14.87) | ||||
| ROIC | — | — | — | 0.00 | (184.96) | (27.94) | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | — | — | — | 41.35 | 37.89 | (62.00) | (171.22) | (356.63) | 160.01 | 59.63 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Blend Labs, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AZ A2Z Cust2Mate Solutions Corp. | $253.6M | — (loss-making) | — (loss-making) | +408.97% (above 0%: growing) | n/m | −105.27% (below 0%: shrinking) | 42.55% | (128.56%) | Compare |
| ALIT Alight, Inc. | $248.4M | — (loss-making) | — (loss-making) | −3.22% (below 0%: shrinking) | n/m | −17.24% (below 0%: shrinking) | 27.79% | (7.83%) | Compare |
| XPER Xperi Inc. | $243.9M | — (loss-making) | — (loss-making) | +8.08% (above 0%: growing) | n/m | +42.92% (above 0%: growing) | 68.50% | 2.54% | Compare |
| IMMR Immersion Corporation | $237.1M | 19.9× | 24.9× | +0.81% (above 0%: growing) | n/m | +27.93% (above 0%: growing) | 20.51% | (6.79%) | Compare |
| BLND Blend Labs, Inc. | $236.5M | — (loss-making) | — (loss-making) | +6.98% (above 0%: growing) | n/m | +170.31% (above 0%: growing) | 73.54% | (4.66%) | |
| EXFY Expensify, Inc. | $230.3M | — (loss-making) | — (loss-making) | −5.31% (below 0%: shrinking) | n/m | +4.91% (above 0%: growing) | 48.22% | (8.63%) | Compare |
| SMRT SmartRent, Inc. | $228.0M | — (loss-making) | — (loss-making) | +4.01% (above 0%: growing) | n/m | +79.52% (above 0%: growing) | 40.71% | (16.22%) | Compare |
| SVCO Silvaco Group, Inc. | $223.0M | — (loss-making) | — (loss-making) | +47.79% (above 0%: growing) | n/m | +64.65% (above 0%: growing) | 85.15% | (22.46%) | Compare |
| KLTR Kaltura, Inc. | $221.2M | — (loss-making) | — (loss-making) | +5.47% (above 0%: growing) | n/m | −206.36% (below 0%: shrinking) | 73.65% | (1.65%) | Compare |
| Median of peers | $233.7M | — | — | +4.74% | — | +16.42% | 45.39% | (8.23%) |
Blend Labs, Inc. (BLND) key facts
- Blend Labs, Inc. (BLND) is a Software Application company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, BLND traded at $0.90, a market capitalization of $236.5 million.
- Return on equity was 59.6% and debt-to-equity 0.00.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is −8.39 (distress zone) for fiscal 2025.