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%
Market cap
$236.5M
P/E
0.0×
Fwd P/E
−13.5×
Dividend yield
—
F-score
6/9
Altman Z
−8.39
Beneish M
−2.80
Dividend safety
n/a

Insider Decisions trades per month

Total buys 33.70
Total sells 0.55
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 4 1 — — — — 4 3 — 1 — —
Sell 1 1 2 1 — — 1 — — 2 4 2
Insider Ownership 23.67%

Capital & Financial Ratios $m

Market Cap 236.51
Revenue 129.79
Net Income 0.03
Free Cash Flow 7.55
Net Debt (44.87)
Current Ratio 1.62 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (13.50) (negative: loss-making)
P/S ratio 1.66
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth 650.00% (at or above 15%: strong)
Next Y EPS Growth (37.78%) (below 0%: weak)
Next Y revenue growth 3.73%
Next 5Y EPS Growth 118.98% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 13.33%
10-year low 10-year high
EV/Sales against its own 10 years 31.29%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 137 94 68 45
Receivables 18 15 9 14
Inventory — — — —
Other — — — —
170 135 98 76
2023 2024 2025 Q'26
Payables 2 2 2 0
ST’ Debt — — — —
Other 15 10 9 11
32 39 39 47

Compound Annual Growth %

10y 5y 3y
Sales — 5.18% (19.31%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 31 34 — — —
’25 27 32 33 32 124
’24 24 29 33 30 116
’23 37 43 41 — 110
’22 72 66 55 43 235
’21 32 32 90 81 234
’20 16 22 28 31 96
Fiscal quarters ending in the months shown.
value withheld pending a data check

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 7 8 — — —
’25 20 (7) (3) 1 12
’24 (4) (7) 2 (5) (13)
’23 (47) (34) (26) (21) (128)
’22 (46) (47) (50) (47) (190)
’21 (20) (33) (31) (43) (128)
’20 (21) (40) (14) (11) (65)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 6 7 — — —
’25 16 (10) (6) 0 0
’24 (6) (9) (1) (7) (23)
’23 (47) (35) (26) (20) (128)
’22 (46) (48) (51) (48) (192)
’21 (21) (33) (32) (44) (129)
’20 (21) (40) (15) (12) (66)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.05) (0.03) — — —
’25 (0.05) (0.04) 0.02 (0.03) (0.10)
’24 (0.09) (0.09) (0.03) (0.03) (0.24)
’23 (0.28) (0.18) (0.18) (0.13) (0.76)
’22 (0.32) (2.06) (0.57) (0.35) (3.28)
’21 (0.60) 0.00 (0.38) (0.32) (1.30)
’20 (0.10) (0.53) (0.38) — (1.89)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten 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
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.

All 10 years →

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%)

All 237 Software Application stocks →

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.

Source: company filings (standardised) and stockrow calculations.

Blend Labs, Inc. (BLND) Latest News

4 Aug

9 May

8 May

Impact 3 · transcript

20 Apr

Impact 3 ·

16 Apr

Impact 4 ·
Impact 2 ·

15 Apr

Impact 4 ·
stockrow.com/BLND · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com