Blend Labs, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY September 30, 2025 | FY June 30, 2025 | FY March 31, 2025 | FY December 31, 2024 |
|---|---|---|---|---|---|
| Revenue | $123.6M | — | — | — | $115.8M |
| Gross profit | $91.2M | — | — | — | $83.2M |
| Operating income | -$21.7M | — | — | — | -$48.8M |
| Operating expenses | $112.9M | — | — | — | $132.1M |
| Cost of revenue | $32.4M | — | — | — | $32.5M |
| Cash from operations | $11.5M | — | — | — | -$13.0M |
| Capital expenditure | $11.6M | — | — | — | $9.7M |
| Free cash flow | -$81,000 | — | — | — | -$22.8M |
| Share repurchases | $24.9M | — | — | — | $0 |
| Impairments | $0 | — | — | — | $0 |
| Total assets | $170.0M | $188.6M | $182.2M | $187.5M | $178.1M |
| Total liabilities | $41.0M | $47.2M | $55.0M | $58.8M | $40.4M |
Shares outstanding 242.1M · Free float 58.4%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.