BLND RSI Chart
Last 7 days
9.4%
Last 30 days
31.3%
Last 90 days
1.6%
Trailing 12 Months
211.9%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 154.5M | 0 | 0 | 0 |
2023 | 201.0M | 178.3M | 163.5M | 156.8M |
2022 | 274.1M | 307.6M | 273.4M | 235.2M |
2021 | 112.3M | 122.4M | 184.1M | 234.5M |
2020 | 0 | 65.8M | 80.9M | 96.0M |
2019 | 0 | 0 | 0 | 50.7M |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Apr 24, 2024 | ghamsari nima | acquired | - | - | 66,033 | head of blend |
Apr 24, 2024 | ghamsari nima | sold | -247,340 | 2.4536 | -100,807 | head of blend |
Apr 12, 2024 | jafari amir | bought | 16,587 | 2.6477 | 6,265 | head of finance and admin. |
Mar 22, 2024 | ghamsari nima | sold | -244,291 | 2.9901 | -81,700 | head of blend |
Mar 20, 2024 | tkach oxana | sold (taxes) | -7,198 | 3.25 | -2,215 | principal accounting officer |
Mar 20, 2024 | ling winnie | sold (taxes) | -6,591 | 3.25 | -2,028 | head of legal |
Mar 20, 2024 | ling winnie | acquired | - | - | 5,625 | head of legal |
Mar 20, 2024 | tkach oxana | acquired | - | - | 6,142 | principal accounting officer |
Mar 13, 2024 | jafari amir | bought | 16,665 | 3.00 | 5,555 | head of finance and admin. |
Feb 23, 2024 | ghamsari nima | sold | -250,247 | 2.2322 | -112,108 | head of blend |
Which funds bought or sold BLND recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 16, 2024 | Center Lake Capital Management, LLC | new | - | 893,750 | 893,750 | 1.46% |
May 16, 2024 | JANE STREET GROUP, LLC | added | 132 | 640,724 | 967,736 | -% |
May 15, 2024 | Squarepoint Ops LLC | added | 64.13 | 250,829 | 480,548 | -% |
May 15, 2024 | Jasper Ridge Partners, L.P. | unchanged | - | 9,170 | 42,575 | -% |
May 15, 2024 | SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | new | - | 650,000 | 650,000 | 0.02% |
May 15, 2024 | CAPTRUST FINANCIAL ADVISORS | sold off | -100 | -66,736 | - | -% |
May 15, 2024 | Point72 Asia (Singapore) Pte. Ltd. | added | 7,359 | 1,007,500 | 1,018,220 | 0.26% |
May 15, 2024 | MIRABELLA FINANCIAL SERVICES LLP | reduced | -2.52 | 38,232 | 195,975 | 0.01% |
May 15, 2024 | BERYLSON CAPITAL PARTNERS, LLC | sold off | -100 | -52,224 | - | -% |
May 15, 2024 | BOOTHBAY FUND MANAGEMENT, LLC | added | 105 | 311,084 | 502,964 | 0.01% |
Unveiling Blend Labs, Inc.'s Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Blend Labs, Inc.)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
CRM | 277.0B | 34.9B | 66.98 | 7.95 | ||||
UBER | 137.2B | 38.6B | 98.72 | 3.56 | ||||
ADSK | 47.3B | 5.3B | 51.62 | 8.85 | ||||
ANSS | 28.6B | 2.2B | 65.84 | 12.85 | ||||
ZM | 19.3B | 4.5B | 30.27 | 4.26 | ||||
MID-CAP | ||||||||
APPF | 8.7B | 671.8M | 113.53 | 12.92 | ||||
LYFT | 6.7B | 4.7B | -36.23 | 1.43 | ||||
ALRM | 3.5B | 895.2M | 38.7 | 3.87 | ||||
AYX | 3.4B | 970.0M | -19.13 | 3.53 | ||||
AI | 3.2B | 296.4M | -11.7 | 10.73 | ||||
AGYS | 2.7B | 228.1M | 31.34 | 11.99 | ||||
SMALL-CAP | ||||||||
AVID | 1.2B | 413.5M | 92.02 | 2.88 | ||||
AEYE | 256.1M | 31.6M | -43.61 | 8.1 | ||||
APPS | 253.0M | 572.4M | -1.28 | 0.44 | ||||
ASUR | 193.1M | 117.7M | -19.58 | 1.64 |
Blend Labs, Inc. News
Income Statement (Quarterly) | ||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2019Q4 |
Revenue | -3.2% | 34,947,000 | 36,104,000 | 40,591,000 | 42,815,000 | 37,336,000 | 42,785,000 | 55,353,000 | 65,539,000 | 71,524,000 | 80,990,000 | 89,568,000 | 32,062,000 | 31,875,000 | 30,629,000 | 27,877,000 | 21,920,000 | - |
Gross Profit | -8.0% | 18,141,000 | 19,726,000 | 22,063,000 | 23,493,000 | 15,853,000 | 14,407,000 | 21,110,000 | 25,265,000 | 28,869,000 | 34,945,000 | 40,327,000 | 19,702,000 | 21,015,000 | 21,845,000 | 18,395,000 | 13,255,000 | - |
Operating Expenses | -5.5% | 39,316,000 | 41,593,000 | 58,261,000 | 60,214,000 | 77,289,000 | 89,564,000 | 150,966,000 | 496,681,000 | 98,617,000 | 94,810,000 | 110,863,000 | 59,336,000 | 48,222,000 | 37,896,000 | 33,744,000 | 34,062,000 | - |
S&GA Expenses | -14.4% | 10,215,000 | 11,940,000 | 14,494,000 | 16,128,000 | 17,568,000 | 19,951,000 | 20,518,000 | 22,438,000 | 22,341,000 | 27,984,000 | 21,957,000 | 18,271,000 | 15,865,000 | 14,257,000 | 12,176,000 | 11,557,000 | - |
R&D Expenses | -1.6% | 14,183,000 | 14,417,000 | 18,826,000 | 22,091,000 | 26,257,000 | 33,248,000 | 34,240,000 | 35,500,000 | 35,106,000 | 28,740,000 | 25,518,000 | 20,884,000 | 17,074,000 | 15,187,000 | 13,820,000 | 14,675,000 | - |
EBITDA Margin | 28.2% | -0.67 | -0.93 | -1.20 | -1.62 | -3.60 | -3.11 | -2.61 | -2.12 | -0.82 | -0.79 | -0.82 | -0.77 | -0.67 | -0.74 | -0.95 | -1.17 | -1.51 |
Interest Expenses | -28.0% | 5,099,000 | 7,085,000 | 8,210,000 | 7,947,000 | 7,569,000 | 7,348,000 | 6,158,000 | 5,726,000 | 5,558,000 | 5,664,000 | 5,615,000 | - | - | - | - | - | - |
Income Taxes | 140.2% | 42,000 | -104,500 | 44,000 | 53,000 | 100,000 | 460,500 | 14,000 | 100,000 | -2,800,000 | 6,098,000 | 300,000 | -45,300,000 | 10,000 | 6,000 | 7,000 | 6,000 | - |
Earnings Before Taxes | 32.3% | -20,621,000 | -30,450,000 | -41,776,000 | -41,436,000 | -66,123,000 | -80,967,000 | -132,733,000 | -477,136,000 | -75,215,000 | -65,419,000 | -76,030,000 | -39,522,000 | -27,057,000 | -15,978,000 | -15,201,000 | -20,568,000 | - |
EBT Margin | 24.2% | -0.87 | -1.15 | -1.41 | -1.80 | -3.77 | -3.26 | -2.75 | -2.26 | -0.93 | -0.89 | -0.86 | -0.80 | -0.70 | -0.78 | -1.01 | -1.24 | -1.61 |
Net Income | 31.8% | -20,668,000 | -30,285,000 | -41,760,000 | -41,231,000 | -65,417,000 | -80,569,000 | -126,128,000 | -441,371,000 | -72,104,000 | -71,687,000 | -76,925,000 | 5,766,000 | -27,067,000 | -15,984,000 | -15,208,000 | -20,574,000 | - |
Net Income Margin | 23.9% | -0.87 | -1.14 | -1.40 | -1.76 | -3.55 | -3.06 | -2.60 | -2.15 | -0.78 | -0.72 | -0.62 | -0.43 | -0.70 | -0.78 | -1.01 | -1.24 | -1.61 |
Free Cashflow | 81.3% | -3,868,000 | -20,691,000 | -26,333,000 | -34,836,000 | -47,099,000 | -47,779,000 | -50,931,000 | -47,654,000 | -46,110,000 | -43,773,000 | -31,839,000 | -32,930,000 | -20,696,000 | -11,530,000 | -14,516,000 | - | - |
Balance Sheet | ||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2020Q4 |
Assets | -2.1% | 202 | 206 | 318 | 350 | 385 | 433 | 493 | 599 | 1,054 | 1,112 | 1,178 | 1,044 | 216 |
Current Assets | -6.1% | 160 | 170 | 283 | 309 | 350 | 396 | 454 | 503 | 561 | 613 | 662 | 517 | 186 |
Cash Equivalents | 196.5% | 92.00 | 31.00 | 85.00 | 35.00 | 46.00 | 124 | 114 | 133 | 168 | 213 | 276 | 370 | 46.00 |
Net PPE | 51.7% | 6.00 | 4.00 | 4.00 | 5.00 | 5.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 8.00 | 9.00 | 5.00 |
Goodwill | - | - | - | - | - | - | - | - | 47.00 | 287 | 287 | 287 | 287 | - |
Liabilities | 6.0% | 190 | 179 | 267 | 266 | 272 | 269 | 278 | 282 | 290 | 302 | 303 | 511 | 52.00 |
Current Liabilities | 34.8% | 43.00 | 32.00 | 37.00 | 35.00 | 40.00 | 35.00 | 44.00 | 48.00 | 54.00 | 60.00 | 64.00 | 257 | 35.00 |
Long Term Debt | 0.4% | 139 | 138 | 219 | 218 | 218 | 217 | 216 | 215 | 215 | 214 | 213 | - | - |
Shareholder's Equity | -85.8% | -35.76 | -19.24 | 6.00 | 41.00 | 71.00 | 123 | 176 | 279 | 727 | 775 | 829 | 486 | 163 |
Retained Earnings | -1.5% | -1,362 | -1,341 | -1,311 | -1,269 | -1,228 | -1,162 | -1,082 | -956 | -514 | -442 | -371 | -294 | -272 |
Additional Paid-In Capital | 0.3% | 1,326 | 1,322 | 1,318 | 1,312 | 1,300 | 1,287 | 1,260 | 1,238 | 1,244 | 1,218 | 1,200 | 78.00 | 51.00 |
Shares Outstanding | 1.0% | 252 | 250 | 248 | 246 | 244 | 241 | 233 | 233 | 230 | 132 | 200 | 49.00 | 39.00 |
Float | - | - | - | - | 190 | - | - | - | 440 | - | - | - | - | - |
Cashflow (Quarterly) | ||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2019Q4 |
Cashflow From Operations | 81.3% | -3,868 | -20,691 | -25,887 | -34,390 | -46,653 | -47,333 | -50,485 | -46,758 | -45,842 | -43,124 | -31,279 | -32,707 | -20,394 | -10,963 | -14,311 | - | - |
Share Based Compensation | 29.7% | 8,071 | 6,223 | 9,042 | 14,364 | 16,392 | 28,191 | 27,951 | 29,248 | 24,312 | 16,795 | 43,424 | 6,609 | 4,016 | 2,384 | 1,099 | - | - |
Cashflow From Investing | 13.9% | 60,621 | 53,237 | 71,791 | 31,218 | -28,940 | 57,387 | 31,187 | 11,540 | -683 | -19,172 | -654,025 | 33,141 | 6,148 | -53,659 | 24,373 | - | - |
Cashflow From Financing | 96.3% | -3,187 | -86,121 | -1,327 | -1,091 | -2,419 | 41.00 | 940 | 158 | 1,081 | -925 | 591,891 | 17,142 | 325,465 | 11,094 | 76,685 | - | - |
Buy Backs | - | - | - | - | - | - | - | - | - | - | 110 | 10.00 | - | - | - | 2.00 | - | - |
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | |
Revenue | ||
Total revenue | $ 34,947 | $ 37,336 |
Cost of revenue | ||
Total cost of revenue | 16,806 | 21,483 |
Gross profit | 18,141 | 15,853 |
Operating expenses: | ||
Research and development | 14,183 | 26,257 |
Sales and marketing | 10,215 | 17,568 |
General and administrative | 13,935 | 20,681 |
Restructuring | 983 | 12,783 |
Total operating expenses | 39,316 | 77,289 |
Loss from operations | (21,175) | (61,436) |
Interest expense | (5,099) | (7,569) |
Other income (expense), net | 5,653 | 2,882 |
Loss before income taxes | (20,621) | (66,123) |
Income tax expense | (42) | (71) |
Net loss | (20,663) | (66,194) |
Less: Net (income) loss attributable to noncontrolling interest | (5) | 777 |
Net loss attributable to Blend Labs, Inc. | (20,668) | (65,417) |
Less: Accretion of redeemable noncontrolling interest to redemption value | (1,461) | (2,056) |
Net loss attributable to Blend Labs, Inc. common stockholders, basic | (22,129) | (67,473) |
Net loss attributable to Blend Labs, Inc. common stockholders, diluted | $ (22,129) | $ (67,473) |
Net loss per share attributable to Blend Labs, Inc. common stockholders: | ||
Basic (in dollars per share) | $ (0.09) | $ (0.28) |
Diluted (in dollars per share) | $ (0.09) | $ (0.28) |
Weighted average shares used in calculating net loss per share: | ||
Basic (in shares) | 250,932 | 241,444 |
Diluted (in shares) | 250,932 | 241,444 |
Comprehensive loss: | ||
Net loss | $ (20,663) | $ (66,194) |
Unrealized (loss) gain on marketable securities | (104) | 821 |
Foreign currency translation gain (loss) | 9 | (18) |
Comprehensive loss | (20,758) | (65,391) |
Less: Comprehensive (income) loss attributable to noncontrolling interest | (5) | 777 |
Comprehensive loss attributable to Blend Labs, Inc. | (20,763) | (64,614) |
Software platform | ||
Revenue | ||
Total revenue | 21,736 | 22,970 |
Cost of revenue | ||
Total cost of revenue | 5,175 | 5,803 |
Professional services | ||
Revenue | ||
Total revenue | 2,104 | 1,734 |
Cost of revenue | ||
Total cost of revenue | 2,623 | 2,806 |
Title | ||
Revenue | ||
Total revenue | 11,107 | 12,632 |
Cost of revenue | ||
Total cost of revenue | $ 9,008 | $ 12,874 |
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 84,521 | $ 30,962 |
Marketable securities and other investments | 43,504 | 105,960 |
Trade and other receivables, net of allowance for credit losses of $128 and $149, respectively | 18,179 | 18,345 |
Prepaid expenses and other current assets | 13,321 | 14,569 |
Total current assets | 159,525 | 169,836 |
Property and equipment, net | 5,984 | 3,945 |
Operating lease right-of-use assets | 8,358 | 8,565 |
Intangible assets, net | 2,103 | 2,108 |
Deferred contract costs | 2,197 | 2,453 |
Restricted cash, non-current | 7,294 | 7,291 |
Other non-current assets | 16,299 | 11,867 |
Total assets | 201,760 | 206,065 |
Current liabilities: | ||
Accounts payable | 1,898 | 2,170 |
Deferred revenue | 21,540 | 8,984 |
Accrued compensation | 5,186 | 5,562 |
Other current liabilities | 13,935 | 14,858 |
Total current liabilities | 42,559 | 31,574 |
Operating lease liabilities, non-current | 6,398 | 6,982 |
Other non-current liabilities | 2,056 | 2,228 |
Debt, non-current, net | 138,854 | 138,334 |
Total liabilities | 189,867 | 179,118 |
Commitments and contingencies (Note 8) | ||
Redeemable noncontrolling interest | 47,656 | 46,190 |
Stockholders’ equity: | ||
Preferred stock | 0 | 0 |
Common stock | 2 | 2 |
Additional paid-in capital | 1,326,187 | 1,321,944 |
Accumulated other comprehensive loss | 346 | 441 |
Accumulated deficit | (1,362,298) | (1,341,630) |
Total stockholders’ equity | (35,763) | (19,243) |
Total liabilities, redeemable noncontrolling interest and stockholders’ equity | $ 201,760 | $ 206,065 |
 | Mr. Nima Ghamsari |
---|---|
 | https://blend.com |
 | Software - Apps |
 | 1546 |