Blend Labs, Inc. (BLND)
NYSE · Services-Computer Programming, Data Processing, Etc. · Services · CIK 1855747 · fiscal year ends in Dec
Closing price $1.13 on 30 Oct 2026; 52-week range $0.90 to $3.34.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $129.0M
- Revenue growth
- -3.0%
- Net income, last twelve months
- -$4.3M
- Earnings per share
- -$0.08
- Gross margin
- 74.3%
- Operating margin
- -12.7%
- Net margin
- -3.3%
- Free cash flow
- $7.6M
- Market value
- $267.3M
- Cash
- $23.3M
- Debt
- $0
- Shares outstanding
- 236.5M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $123.6M | -$21.7M | -$6.8M | -$0.10 | -$81.0K | 10-K filed 16 Mar 2026 |
| FY2024 | 31 Dec 2024 | $115.8M | -$48.8M | -$43.3M | -$0.24 | -$22.8M | 10-K filed 13 Mar 2025 |
| FY2023 | 31 Dec 2023 | $109.5M | -$143.6M | -$178.7M | -$0.76 | -$127.7M | 10-K filed 14 Mar 2024 |
| FY2022 | 31 Dec 2022 | $235.2M | -$746.2M | -$720.2M | -$3.28 | -$192.5M | 10-K filed 16 Mar 2023 |
| FY2021 | 31 Dec 2021 | $234.5M | -$197.2M | -$169.9M | -$1.30 | -$129.2M | 10-K filed 31 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $33.8M | -$1.5M | -$0.03 |
| Q1 FY2026 | 31 Mar 2026 | $30.8M | -$8.0M | -$0.05 |
| Q4 FY2025 | 31 Dec 2025 | $31.6M | -$6.8M | -$0.02 |
| Q3 FY2025 | 30 Sep 2025 | $32.7M | $12.1M | $0.02 |
| Q2 FY2025 | 30 Jun 2025 | $31.6M | -$6.8M | -$0.04 |
| Q1 FY2025 | 31 Mar 2025 | $26.8M | -$9.5M | -$0.06 |
| Q4 FY2024 | 31 Dec 2024 | $41.4M | -$825.0K | -$0.03 |
| Q3 FY2024 | 30 Sep 2024 | $33.1M | -$2.4M | -$0.03 |
Company events
The newest 8-K filings of 45 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 21 Sep 2026 | 8-K | Leadership change | 5.02 |
| 11 Aug 2026 | 8-K | Leadership change | 5.02 |
| 6 Aug 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 23 Jun 2026 | 8-K | Shareholder vote | 5.07 |
| 7 May 2026 | 8-K | Results, Investor update | 2.02, 7.01 |
| 10 Mar 2026 | 8-K | Results, Investor update, Other events | 2.02, 7.01, 8.01, 9.01 |
| 2 Mar 2026 | 8-K | Investor update | 7.01 |
| 6 Jan 2026 | 8-K | Investor update | 7.01, 9.01 |
| 6 Nov 2025 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 6 Oct 2025 | 8-K | Leadership change | 5.02 |
| 7 Aug 2025 | 8-K | Leadership change, Investor update | 5.02, 7.01, 9.01 |
| 7 Aug 2025 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
Every filing
The newest filings with the SEC of 100 held.
| Filed | Form | Period |
|---|---|---|
| 21 Sep 2026 | 8-K | 18 Sep 2026 |
| 11 Aug 2026 | 8-K | 5 Aug 2026 |
| 6 Aug 2026 | 10-Q | 30 Jun 2026 |
| 6 Aug 2026 | 8-K | 6 Aug 2026 |
| 23 Jun 2026 | 8-K | 17 Jun 2026 |
| 7 May 2026 | 10-Q | 31 Mar 2026 |
| 7 May 2026 | 8-K | 7 May 2026 |
| 29 Apr 2026 | ARS | 29 Apr 2026 |
| 29 Apr 2026 | DEFA14A | – |
| 29 Apr 2026 | DEF 14A | 24 Apr 2026 |
| 16 Mar 2026 | S-8 | – |
| 16 Mar 2026 | 10-K | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | Ghamsari Nima, HEAD OF BLEND | Sale under a trading plan | 21,368 | $1.12 | $23.9K | 7,729,325 | 28 Oct 2026 |
| 19 Oct 2026 | Ghamsari Nima, HEAD OF BLEND | Sale under a trading plan | 27,775 | $0.92 | $25.7K | 7,750,693 | 21 Oct 2026 |
| 12 Oct 2026 | Ghamsari Nima, HEAD OF BLEND | Sale under a trading plan | 25,098 | $0.97 | $24.5K | 7,778,468 | 14 Oct 2026 |
| 5 Oct 2026 | Ghamsari Nima, HEAD OF BLEND | Sale under a trading plan | 24,272 | $1.02 | $24.7K | 7,803,566 | 7 Oct 2026 |
| 28 Sep 2026 | Ghamsari Nima, HEAD OF BLEND | Sale under a trading plan | 22,523 | $1.10 | $24.8K | 7,827,838 | 30 Sep 2026 |
| 21 Sep 2026 | Ghamsari Nima, HEAD OF BLEND | Sale under a trading plan | 21,009 | $1.19 | $25.0K | 7,850,361 | 23 Sep 2026 |
| 14 Sep 2026 | Ghamsari Nima, HEAD OF BLEND | Sale under a trading plan | 17,731 | $1.43 | $25.3K | 7,871,370 | 16 Sep 2026 |
| 11 Sep 2026 | Venkatramani Srinivasan, Head of Product Tech & Cust Op | Sale under a trading plan | 74,705 | $1.43 | $106.8K | 236,563 | 15 Sep 2026 |
| 17 Aug 2026 | Haveli Investments, L.P., Director | Purchase | 17,397 | $1.44 | $25.1K | 18,711,054 | 19 Aug 2026 |
| 17 Aug 2026 | Tkach Oxana, PRINCIPAL ACCOUNTING OFFICER | Sale under a trading plan | 21,209 | $1.45 | $30.7K | 96,238 | 19 Aug 2026 |
| 5 Aug 2026 | Thomson Matthew Christopher, Head of Revenue | Sale under a trading plan | 15,041 | $2.00 | $30.1K | 60,162 | 7 Aug 2026 |
| 15 Jun 2026 | Haveli Investments, L.P., Director | Purchase | 650,000 | $1.72 | $1.1M | 18,693,657 | 15 Jun 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 26 Oct 2026 | Ghamsari Nima, Officer, Director | 21,368 | $23.9K | 26 Oct 2026 |
| 19 Oct 2026 | Ghamsari Nima, Officer, Director | 27,775 | $25.7K | 19 Oct 2026 |
| 13 Oct 2026 | Ghamsari Nima, Officer, Director | 25,098 | $24.5K | 12 Oct 2026 |
| 5 Oct 2026 | Ghamsari Nima, Officer, Director | 24,272 | $24.6K | 5 Oct 2026 |
| 28 Sep 2026 | Ghamsari Nima, Officer, Director | 22,523 | $24.8K | 28 Sep 2026 |
| 21 Sep 2026 | Ghamsari Nima, Officer, Director | 21,009 | $25.0K | 21 Sep 2026 |
| 14 Sep 2026 | Ghamsari Nima, Officer, Director | 17,731 | $25.3K | 14 Sep 2026 |
| 11 Sep 2026 | Venkatramani Srinivasan, Officer | 74,705 | $106.9K | 11 Sep 2026 |
| 17 Aug 2026 | Tkach Oxana, Officer | 21,209 | $30.7K | 17 Aug 2026 |
| 5 Aug 2026 | Thomson Matthew Christopher, Officer | 15,041 | $30.1K | 5 Aug 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 16 Oct 2026 | Capricorn Fund Managers Ltd | 13G | 5.6% | 13.3M |
| 14 Aug 2026 | Lightspeed Venture Partners IX, L.P. | 13G amended | 0% | 0 |
| 12 Jun 2026 | Haveli Brooks Aggregator, L.P. | 13D amended | 22.6% | 64.3M |
| 15 May 2026 | Haveli Brooks Aggregator, L.P. | 13D amended | 21.3% | 60.6M |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 17 Nov 2025 | Haveli Brooks Aggregator, L.P. | 13D amended | 20.9% | 65.5M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 9.0M | -16.46% | 6.67 |
| 30 Sep 2026 | 10.8M | -10.18% | 4.88 |
| 15 Sep 2026 | 12.0M | -2.83% | 6.83 |
| 31 Aug 2026 | 12.3M | +2.28% | 5.93 |
| 14 Aug 2026 | 12.1M | -5.67% | 3.63 |
| 31 Jul 2026 | 12.8M | -0.84% | 6.35 |
| 15 Jul 2026 | 12.9M | -1.01% | 6.17 |
| 30 Jun 2026 | 13.0M | -6.84% | 4.2 |
Funds that hold it
From each fund's latest Form 13F.
221 funds held it at 30 Jun 2026: 82 added and 67 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Haveli Investment Management LLC | 18,693,667 | $32.0M | +7,844,794 |
| BlackRock, Inc. | 15,579,341 | $26.6M | -707,844 |
| Cypress Point Investment Management LP | 14,297,425 | $24.4M | -239,747 |
| Capricorn Fund Managers Ltd | 11,314,649 | $19.3M | +4,815,142 |
| Vanguard Capital Management LLC | 8,486,286 | $14.5M | -1,166,160 |
| Whitebark Investors LP | 6,343,497 | $10.8M | 0 |
| Vanguard Portfolio Management LLC | 6,216,044 | $10.6M | -486,903 |
| State Street Corp. | 6,174,857 | $10.6M | -123,453 |
| Geode Capital Management, LLC | 5,080,868 | $8.7M | +240,478 |
| Citadel Advisors LLC | 5,062,868 | $8.7M | +370,351 |
Peers
Companies in the same industry.
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- AppLovin Corp. (APP): revenue –, market value $76.6B
- Zoom Communications, Inc. (ZM): revenue $5.0B, market value $27.9B
- Baidu, Inc. (BIDU): revenue $18.0B, market value $26.0B
- Flutter Entertainment plc (FLUT): revenue $17.2B, market value $14.3B
- Tempus AI, Inc. (TEM): revenue $1.4B, market value $13.0B
- Factset Research Systems Inc. (FDS): revenue $2.5B, market value $11.6B