Blend Labs, Inc. (BLND)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Total revenue | 31,523 | 26,770 | 45,184 | 40,480 |
| Software | 6,505 | - | - | - |
| Professional Services | 1,713 | - | - | - |
| Total cost of revenue | 8,218 | 7,812 | 19,188 | 18,802 |
| Gross profit | 23,305 | 18,958 | 25,996 | 21,678 |
| Sales and marketing | 6,950 | 7,188 | 9,883 | 9,370 |
| Restructuring | 28 | 719 | 6,165 | 207 |
| Research and development | 7,332 | 7,520 | 10,127 | 12,916 |
| General and administrative | 13,619 | 11,224 | 13,140 | 12,524 |
| Total operating expenses | 27,929 | 26,651 | 39,315 | 35,017 |
| Loss from operations | -4,624 | -7,693 | -13,319 | -13,339 |
| Interest expense | - | - | - | 1,648 |
| Other income (expense), net | 1,018 | 1,114 | 10,710 | -4,411 |
| Loss before income taxes | -3,606 | -6,579 | -2,609 | -19,398 |
| Income tax expense | 41 | 30 | 18 | 23 |
| Loss from continuing operations | -3,647 | -6,609 | - | - |
| Net loss from discontinued operations (note 16) | -2,998 | -2,803 | - | - |
| Net loss | -6,645 | -9,412 | -2,627 | -19,421 |
| Less net loss attributable to noncontrolling interest included in discontinued operations | - | -182 | - | - |
| Less net loss attributable to noncontrolling interest | - | - | -182 | -14 |
| Net loss attributable to blend labs, inc | -6,645 | -9,230 | -2,445 | -19,407 |
| Less accretion of redeemable noncontrolling interest to redemption value from discontinued operations | - | 1,254 | - | - |
| Less accretion of series a redeemable convertible preferred stock to redemption value | 4,376 | 4,202 | 4,048 | 2,661 |
| Less accretion of redeemable noncontrolling interest to redemption value | - | - | 1,760 | 1,527 |
| Net loss attributable to blend labs, inc. common stockholders, basic | -11,021 | -14,686 | -8,253 | -23,595 |
| Basic eps | - | -0.05 | -0.03 | -0.09 |
| Diluted eps | - | -0.05 | -0.03 | -0.09 |
| Basic (in shares) | 259,211,000 | 258,832,000 | 254,910,000 | 253,069,000 |
| Diluted (in shares) | 259,211,000 | 258,832,000 | 254,910,000 | 253,069,000 |