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Blend Labs, Inc.

BLNDTechnologyNASDAQ

Software - Application · Last scanned May 30, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$123.6M
+6.8% YoY
Net Income
-$8.1M
+83.8% YoY
EBITDA
$2.9M
+109.0% YoY
Free Cash Flow
$12.5M

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About Blend Labs, Inc.

Blend Labs, Inc. provides a cloud-based software platform for financial services firms in the United States, India, and Mexico. With a market capitalization of $433.4M, it sits in small-cap territory. The company offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, rapid home lending, personal loans, credit cards, and deposit accounts; and a suite of add-on products that offers to enhance consumers' journeys to homeownership, such as close, income verification for mortgage and home equity lines of credit, and home equity loans.

Key stats
Market Cap$433.4M
Fwd P/E17.55
EPS$-0.07
Beta1.03
52W Change-50.8%
ROE0.3%
Analysis

With $59.0M in cash and $1.4M in debt, BLND maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Annual free cash flow of $12.5M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 0.3% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has been uneven over recent years, ranging from $235.2M to $123.6M.

The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Blend Labs, Inc. and its sector.

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