BLND - Blend Labs, Inc. Stock Price, Fair Value and News

2.37USD-0.03 (-1.25%)Market Closed

Market Summary

USD2.37-0.03

Market Closed

-1.25%

BLND Alerts

1 major insider buys and 1 major insider sales recently.

BLND Stock Price

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BLND RSI Chart

BLND Valuation

Market Cap

592.3M

Price/Earnings (Trailing)

-3.31

Price/Sales (Trailing)

3.78

EV/EBITDA

-4.78

Price/Free Cashflow

-4.64

BLND Price/Sales (Trailing)

BLND Profitability

EBT Margin

-114.63%

Return on Equity

928.61%

Return on Assets

-86.72%

Free Cashflow Yield

-21.55%

BLND Fundamentals

BLND Revenue

Revenue (TTM)

156.8M

Rev. Growth (Yr)

-15.62%

Rev. Growth (Qtr)

-11.05%

BLND Earnings

Earnings (TTM)

-178.7M

Earnings Growth (Yr)

62.41%

Earnings Growth (Qtr)

27.48%

Breaking Down BLND Revenue

Last 7 days

-10.9%

Last 30 days

-27.1%

Last 90 days

-1.7%

Trailing 12 Months

192.5%

How does BLND drawdown profile look like?

BLND Financial Health

Current Ratio

5.38

Debt/Equity

-7.19

Debt/Cashflow

-0.92

BLND Investor Care

Shares Dilution (1Y)

3.73%

Diluted EPS (TTM)

-0.77

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

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.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Blend Labs, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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	acquired	-	-	6,142	principal accounting officer
Mar 20, 2024	ling winnie	acquired	-	-	5,625	head of legal
Mar 20, 2024	ling winnie	sold (taxes)	-6,591	3.25	-2,028	head of legal
Mar 20, 2024	tkach oxana	sold (taxes)	-7,198	3.25	-2,215	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
Feb 20, 2024	tkach oxana	sold (taxes)	-29,617	3.1	-9,554	principal accounting officer
Feb 20, 2024	ling winnie	sold (taxes)	-90,042	3.1	-29,046	head of legal

Which funds bought or sold BLND recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	Cannon Global Investment Management, LLC	new	-	65,000	65,000	0.17%
Apr 16, 2024	WBH ADVISORY INC	unchanged	-	7,258	33,699	-%
Apr 11, 2024	Ballentine Partners, LLC	added	5.79	21,514	83,275	-%
Mar 11, 2024	VANGUARD GROUP INC	added	0.67	10,943,100	23,466,600	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	new	-	939,812	939,812	-%
Feb 29, 2024	Tortoise Investment Management, LLC	unchanged	-	675	1,459	-%
Feb 28, 2024	EP Wealth Advisors, LLC	added	6.71	230,448	464,108	0.01%
Feb 16, 2024	GSA CAPITAL PARTNERS LLP	reduced	-32.15	160,000	769,000	0.06%
Feb 15, 2024	JANE STREET GROUP, LLC	added	179	264,185	327,012	-%
Feb 15, 2024	MONETA GROUP INVESTMENT ADVISORS LLC	reduced	-37.42	8,602	60,820	-%

Are Funds Buying or Selling BLND?

Are funds buying BLND calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BLND

No. of Funds

BLND Alerts

1 major insider buys and 1 major insider sales recently.

Unveiling Blend Labs, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	ghamsari nima	5.95%	15,207,101	SC 13G/A
Feb 13, 2024	vanguard group inc	3.86%	9,202,585	SC 13G/A
Feb 13, 2024	general atlantic, l.p.	8.0%	19,132,440	SC 13G/A
Feb 06, 2024	temasek holdings (private) ltd	4.9%	11,875,773	SC 13G/A
Jul 07, 2023	blackrock inc.	0.9%	2,081,478	SC 13G
Feb 14, 2023	ghamsari nima	6.48%	15,904,685	SC 13G/A
Feb 14, 2023	lightspeed venture partners ix, l.p.	6.6%	14,818,355	SC 13G/A
Feb 14, 2023	tiger global management llc	0.0%	0	SC 13G/A
Feb 09, 2023	vanguard group inc	6.34%	14,272,632	SC 13G
Feb 08, 2023	8vc co-invest fund i, l.p.	3.7%	8,320,968	SC 13G/A

Recent SEC filings of Blend Labs, Inc.

View All Filings

Date Filed	Form Type	Document
Apr 15, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 22, 2024	144	Notice of Insider Sale Intent
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 15, 2024	8-K/A	Current Report
Mar 14, 2024	10-K	Annual Report
Mar 14, 2024	4	Insider Trading
Mar 14, 2024	8-K	Current Report
Mar 14, 2024	S-8	Employee Benefits Plan

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	263.8B	34.9B	-9.80%	36.69%	63.77	7.57	11.18%	1888.46%
UBER	148.0B	37.3B	-7.52%	122.47%	78.44	3.97	16.95%	120.64%
ADSK	45.0B	5.3B	-17.81%	7.12%	49.12	8.43	9.15%	48.14%
ANSS	28.2B	2.3B	-5.25%	-	56.41	12.44	9.90%	-4.45%
ZM	18.0B	4.5B	-9.92%	-11.54%	28.27	3.98	3.06%	514.65%
MID-CAP
APPF	7.6B	620.4M	-4.94%	61.02%	2.8K	12.2	31.48%	103.97%
LYFT	6.4B	4.4B	-8.15%	62.41%	-18.89	1.46	7.53%	78.52%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
ALRM	3.2B	881.7M	-11.98%	32.17%	39.97	3.64	4.64%	44.42%
AI	2.5B	296.4M	-26.16%	-8.01%	-9.26	8.49	11.14%	-3.59%
AGYS	2.2B	228.1M	4.95%	-1.09%	25.62	9.81	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
APPS	193.8M	572.4M	-32.62%	-84.88%	-0.98	0.34	-19.38%	-489.49%
ASUR	177.2M	119.1M	-16.08%	-58.24%	-19.23	1.49	24.27%	36.31%
AEYE	152.6M	31.3M	37.51%	98.33%	-25.99	4.87	4.69%	43.72%

Blend Labs, Inc. News

Latest updates

Blend Labs, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Revenue	-11.1%	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	-10.6%	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	-28.6%	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	-17.6%	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	-23.4%	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	22.4%	-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	-13.7%	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	-337.5%	-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	27.1%	-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	18.6%	-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	27.5%	-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	18.6%	-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	20.1%	-20,691,000	-25,887,000	-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

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet												(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2020Q4
Assets	-35.3%	206	318	350	385	433	493	599	1,054	1,112	1,178	1,044	216
Current Assets	-40.0%	170	283	309	350	396	454	503	561	613	662	517	186
Cash Equivalents	-63.4%	31.00	85.00	35.00	46.00	124	114	133	168	213	276	370	46.00
Net PPE	-11.4%	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	-33.0%	179	267	266	272	269	278	282	290	302	303	511	52.00
Current Liabilities	-14.2%	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	-36.8%	138	219	218	218	217	216	215	215	214	213	-	-
Shareholder's Equity	-405.8%	-19.24	6.00	41.00	71.00	123	176	279	727	775	829	486	163
Retained Earnings	-2.3%	-1,341	-1,311	-1,269	-1,228	-1,162	-1,082	-956	-514	-442	-371	-294	-272
Additional Paid-In Capital	0.3%	1,322	1,318	1,312	1,300	1,287	1,260	1,238	1,244	1,218	1,200	78.00	51.00
Shares Outstanding	0.8%	250	248	246	244	241	233	233	230	132	200	49.00	39.00
Float	-	-	-	190	-	-	-	440	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Cashflow From Operations	20.1%	-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	-31.2%	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	-25.8%	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	-6389.9%	-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	-	-

BLND Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue
Total revenue	$ 156,846	$ 235,201	$ 234,495
Cost of revenue
Total cost of revenue	75,711	145,550	118,506
Gross profit	81,135	89,651	115,989
Operating expenses:
Research and development	81,591	138,094	92,216
Sales and marketing	60,130	85,248	84,077
General and administrative	70,688	139,120	128,802
Amortization of acquired intangible assets	0	8,411	8,136
Impairment of intangible assets and goodwill	0	449,680	0
Restructuring	24,948	15,275	0
Total operating expenses	237,357	835,828	313,231
Loss from operations	(156,222)	(746,177)	(197,242)
Interest expense	(30,811)	(24,790)	(11,279)
Other income (expense), net	7,248	4,916	493
Loss before income taxes	(179,785)	(766,051)	(208,028)
Income tax (expense) benefit	(94)	2,241	38,886
Net loss	(179,879)	(763,810)	(169,142)
Less: Net loss (income) attributable to noncontrolling interest	1,186	43,638	(771)
Net loss attributable to Blend Labs, Inc.	(178,693)	(720,172)	(169,913)
Less: Accretion of redeemable noncontrolling interest to redemption value	(6,627)	(48,438)	(1,430)
Net loss attributable to Blend Labs, Inc. common stockholders, basic	(185,320)	(768,610)	(171,343)
Net loss attributable to Blend Labs, Inc. common stockholders, diluted	$ (185,320)	$ (768,610)	$ (171,343)
Net loss per share attributable to Blend Labs, Inc. common stockholders:
Basic (in dollars per share)	$ (0.76)	$ (3.28)	$ (1.30)
Diluted (in dollars per share)	$ (0.76)	$ (3.28)	$ (1.30)
Weighted average shares used in calculating net loss per share:
Basic (in shares)	245,206	234,161	131,985
Diluted (in shares)	245,206	234,161	131,985
Comprehensive loss:
Net loss	$ (179,879)	$ (763,810)	$ (169,142)
Unrealized gain (loss) on marketable securities	1,030	(135)	(794)
Foreign currency translation gain (loss)	119	235	(9)
Comprehensive loss	(178,730)	(763,710)	(169,945)
Less: Comprehensive loss (income) attributable to noncontrolling interest	1,186	43,638	(771)
Comprehensive loss attributable to Blend Labs, Inc.	(177,544)	(720,072)	(170,716)
Software platform
Revenue
Total revenue	101,204	113,589	127,239
Cost of revenue
Total cost of revenue	22,025	30,706	30,263
Professional services
Revenue
Total revenue	8,345	7,835	6,944
Cost of revenue
Total cost of revenue	11,065	15,504	12,812
Title
Revenue
Total revenue	47,297	113,777	100,312
Cost of revenue
Total cost of revenue	$ 42,621	$ 99,340	$ 75,431

BLND Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 30,962	$ 124,199
Marketable securities and other investments	105,960	229,948
Trade and other receivables, net of allowance for credit losses of $149 and $436, respectively	18,345	22,718
Prepaid expenses and other current assets	14,569	19,231
Total current assets	169,836	396,096
Property and equipment, net	3,945	5,742
Operating lease right-of-use assets	8,565	11,668
Intangible assets, net	2,108	2,127
Deferred contract costs	2,453	1,691
Restricted cash, non-current	7,291	5,358
Other non-current assets	11,867	10,082
Total assets	206,065	432,764
Current liabilities:
Accounts payable	2,170	1,260
Deferred revenue	8,984	8,695
Accrued compensation	5,562	10,059
Other current liabilities	14,858	15,459
Total current liabilities	31,574	35,473
Operating lease liabilities, non-current	6,982	11,091
Other non-current liabilities	2,228	5,478
Debt, non-current, net	138,334	216,801
Total liabilities	179,118	268,843
Commitments and contingencies (Note 8)
Redeemable noncontrolling interest	46,190	40,749
Stockholders’ equity:
Preferred stock	0	0
Common stock	2	2
Additional paid-in capital	1,321,944	1,286,815
Accumulated other comprehensive gain (loss)	441	(708)
Accumulated deficit	(1,341,630)	(1,162,937)
Total stockholders’ equity	(19,243)	123,172
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$ 206,065	$ 432,764

About Blend Labs, Inc.

Blend Labs, Inc. engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. It also offers verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; workflow intelligence components to manage data collection and automate tasks throughout the loan origination process; and marketplace components to enable consumers to shop for products and services presented at the precise moment of need during an application for a loan. In addition, the company, through its subsidiary, offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and provides professional and consulting services. It serves banks, credit unions, financial technology companies, and non-bank mortgage lenders. Blend Labs, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.

CEO	Mr. Nima Ghamsari
WEBSITE	https://blend.com
INDUSTRY	Software - Apps
EMPLOYEES	1546

Blend Labs, Inc. Frequently Asked Questions

What is the ticker symbol for Blend Labs, Inc.? What does BLND stand for in stocks?

BLND is the stock ticker symbol of Blend Labs, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Blend Labs, Inc. (BLND)?

As of Thu Apr 18 2024, market cap of Blend Labs, Inc. is 592.29 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BLND stock?

You can check BLND's fair value in chart for subscribers.

What is the fair value of BLND stock?

You can check BLND's fair value in chart for subscribers. The fair value of Blend Labs, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Blend Labs, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BLND so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Blend Labs, Inc. a good stock to buy?

The fair value guage provides a quick view whether BLND is over valued or under valued. Whether Blend Labs, Inc. is cheap or expensive depends on the assumptions which impact Blend Labs, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BLND.

What is Blend Labs, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 18 2024, BLND's PE ratio (Price to Earnings) is -3.31 and Price to Sales (PS) ratio is 3.78. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BLND PE ratio will change depending on the future growth rate expectations of investors.