For the quarter ending 2025-09-30, BLND made $32,860K in revenue. $7,974K in net income. Net profit margin of 24.27%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Total revenue | 32,860 | 31,523 | 26,770 | 45,184 |
| Software | - | 6,505 | - | - |
| Professional Services | - | 1,713 | - | - |
| Total cost of revenue | 8,404 | 8,218 | 7,812 | 19,188 |
| Gross profit | 24,456 | 23,305 | 18,958 | 25,996 |
| Research and development | 8,522 | 7,332 | 7,520 | 10,127 |
| Sales and marketing | 7,873 | 6,950 | 7,188 | 9,883 |
| General and administrative | 12,879 | 13,619 | 11,224 | 13,140 |
| Restructuring | 93 | 28 | 719 | 6,165 |
| Total operating expenses | 29,367 | 27,929 | 26,651 | 39,315 |
| Loss from operations | -4,911 | -4,624 | -7,693 | -13,319 |
| Interest expense | 0 | 0 | - | - |
| Other income (expense), net | 17,348 | 1,018 | 1,114 | 10,710 |
| Income (loss) before income taxes | 12,437 | -3,606 | -6,579 | -2,609 |
| Income tax expense | 27 | 41 | 30 | 18 |
| Income (loss) from continuing operations | 12,410 | -3,647 | -6,609 | - |
| Net income (loss) from discontinued operations (note 16) | 122 | -2,998 | -2,803 | - |
| Net income (loss) | 12,532 | -6,645 | -9,412 | -2,627 |
| Less net loss attributable to noncontrolling interest | - | - | - | -182 |
| Less net loss attributable to noncontrolling interest included in discontinued operations | 0 | 0 | -182 | - |
| Net income (loss) attributable to blend labs, inc | 12,532 | -6,645 | -9,230 | -2,445 |
| Less accretion of redeemable noncontrolling interest to redemption value from discontinued operations | 0 | 0 | 1,254 | - |
| Less accretion of redeemable noncontrolling interest to redemption value | - | - | - | 1,760 |
| Less accretion of series a redeemable convertible preferred stock to redemption value | 4,558 | 4,376 | 4,202 | 4,048 |
| Net income (loss) attributable to blend labs, inc. common stockholders, basic | 7,974 | -11,021 | -14,686 | -8,253 |
| Basic (in shares) | 259,631,000 | 259,211,000 | 258,832,000 | 254,910,000 |
| Diluted (in shares) | 268,719,000 | 259,211,000 | 258,832,000 | 254,910,000 |
| Net income (loss) per share attributable to blend labs, inc., basic (in dollars per share) | 0.03 | - | -0.05 | -0.03 |
| Net income (loss) per share attributable to blend labs, inc., diluted (in dollars per share) | 0.02 | - | -0.05 | -0.03 |
Blend Labs, Inc. (BLND)
Blend Labs, Inc. (BLND)