Financial Snapshot

Revenue
$152.1M
TTM
Gross Margin
53.61%
TTM
Net Earnings
-$113.6M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
343.22%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$137.1M
Q2 2024
Cash
Q2 2024
P/E
-8.747
Sep 13, 2024 EST
Free Cash Flow
-$61.07M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $156.8M $235.2M $234.5M $96.03M $50.67M
YoY Change -33.31% 0.3% 144.19% 89.51%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $156.8M $235.2M $234.5M $96.03M $50.67M
Cost Of Revenue $75.71M $145.6M $118.5M $34.29M $19.55M
Gross Profit $81.14M $89.65M $116.0M $61.74M $31.12M
Gross Profit Margin 51.73% 38.12% 49.46% 64.29% 61.42%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $130.8M $224.4M $212.9M $81.53M $64.25M
YoY Change -41.69% 5.4% 161.11% 26.89%
% of Gross Profit 161.23% 250.27% 183.53% 132.05% 206.43%
Research & Development $81.59M $138.1M $92.22M $55.50M $48.60M
YoY Change -40.92% 49.75% 66.15% 14.21%
% of Gross Profit 100.56% 154.04% 79.5% 89.9% 156.14%
Depreciation & Amortization $2.464M $10.77M $10.61M $3.993M $4.764M
YoY Change -77.11% 1.5% 165.64% -16.18%
% of Gross Profit 3.04% 12.01% 9.14% 6.47% 15.31%
Operating Expenses $212.4M $835.8M $313.2M $137.0M $112.8M
YoY Change -74.59% 166.84% 128.58% 21.43%
Operating Profit -$131.3M -$746.2M -$197.2M -$75.29M -$81.72M
YoY Change -82.41% 278.31% 161.97% -7.87%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$30.81M $24.79M $11.28M $0.00 $0.00
YoY Change -224.29% 119.79%
% of Operating Profit
Other Income/Expense, Net $7.248M $4.916M $493.0K $700.0K $283.0K
YoY Change 47.44% 897.16% -29.57% 147.35%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$179.8M -$766.1M -$208.0M -$74.59M -$81.44M
YoY Change -76.53% 268.24% 178.89% -8.41%
Income Tax $94.00K -$2.241M -$38.89M $26.00K $13.00K
% Of Pretax Income
Net Earnings -$185.3M -$720.2M -$169.9M -$74.62M -$81.45M
YoY Change -74.27% 323.85% 127.71% -8.39%
Net Earnings / Revenue -118.15% -306.19% -72.46% -77.7% -160.75%
Basic Earnings Per Share -$0.76 -$3.28 -$1.30 -$1.89 -$2.49
Diluted Earnings Per Share -$0.76 -$3.28 -$1.30 -$1.89 -$2.49

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $136.9M $354.1M $547.2M $151.7M $127.3M
YoY Change -61.34% -35.28% 260.68% 19.22%
Cash & Equivalents
Short-Term Investments $106.0M $229.9M $334.1M $110.6M $104.6M
Other Short-Term Assets $12.98M $17.98M $26.35M $12.36M $6.741M
YoY Change -27.83% -31.78% 113.19% 83.39%
Inventory
Prepaid Expenses
Receivables $19.94M $23.97M $39.44M $22.06M $10.84M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $169.8M $396.1M $613.0M $186.1M $144.8M
YoY Change -57.12% -35.39% 229.32% 28.51%
Property, Plant & Equipment $12.51M $17.41M $20.87M $17.28M $2.961M
YoY Change -28.14% -16.57% 20.77% 483.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.500M
YoY Change
Other Assets $21.61M $17.13M $15.86M $11.11M $9.356M
YoY Change 26.15% 7.99% 42.75% 18.78%
Total Long-Term Assets $36.23M $36.67M $499.5M $29.60M $16.45M
YoY Change -1.2% -92.66% 1587.39% 79.9%
Total Assets $206.1M $432.8M $1.112B $215.7M $161.3M
YoY Change
Accounts Payable $2.170M $1.260M $6.160M $3.437M $3.144M
YoY Change 72.22% -79.55% 79.23% 9.32%
Accrued Expenses $18.76M $23.73M $39.03M $17.65M $5.877M
YoY Change -20.97% -39.2% 121.11% 200.34%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $31.57M $35.47M $60.03M $35.03M $21.73M
YoY Change -10.99% -40.91% 71.37% 61.19%
Long-Term Debt $138.3M $216.8M $213.8M $0.00 $0.00
YoY Change -36.19% 1.38%
Other Long-Term Liabilities $9.210M $16.57M $25.16M $17.38M $4.603M
YoY Change -44.41% -34.14% 44.76% 277.56%
Total Long-Term Liabilities $147.5M $233.4M $239.0M $17.38M $4.603M
YoY Change -36.78% -2.36% 1275.23% 277.56%
Total Liabilities $225.3M $309.6M $337.8M $52.41M $26.33M
YoY Change -27.22% -8.36% 544.64% 99.01%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 245.2M shares 234.2M shares 132.0M shares 39.41M shares 32.78M shares
Diluted Shares Outstanding 245.2M shares 234.2M shares 132.0M shares 39.41M shares 32.78M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $994.09 Million

About Blend Labs Inc

Blend Labs, Inc. engages in the provision of a cloud-based software platform for financial services firms that is designed to power the end-to-end consumer journey for banking products. The company is headquartered in San Francisco, California and currently employs 881 full-time employees. The company went IPO on 2021-07-16. The firm operates through two segments: Blend Platform, and Title. The Blend Platform segment comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. The Blend Platform segment also includes a software platform, called Blend Builder Platform, which offers a set of low-code, drag-and-drop design tools, modular components, and integrations to allow its customers to create and deploy their own new product offerings. The Title segment comprises a suite of title products and services, such as instant title and other title search options, insurance solutions, closing and settlement services, including mobile signing and e-sign capabilities, and various post-closing solutions, such as disbursement and recording handling.

Industry: Services-Computer Programming, Data Processing, Etc. Peers: 8x8 Inc American Software Inc CS Disco Inc Domo Inc Rubicon Technologies Inc Mitek Systems Inc Salesforce Inc UserTesting, Inc. Yext Inc