BLND Financial Statements

Balance sheet, income statement, cash flow, and dividends for Blend Labs Inc (BLND).


$1.08B Market Cap.

As of 03/13/2025 5:00 PM ET (MRY) • Disclaimer

BLND Market Cap. (MRY)


BLND Shares Outstanding (MRY)


BLND Assets (MRY)


Total Assets

$178.01M

Total Liabilities

$40.33M

Total Investments

$56.23M

BLND Income (MRY)


Revenue

$162.02M

Net Income

-$43.34M

Operating Expense

$140.16M

BLND Cash Flow (MRY)


CF Operations

-$13.04M

CF Investing

$45.40M

CF Financing

-$21.06M

BLND Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$0

-

-

0%

-

BLND Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$178,012,000 (-13.61%)

$206,065,000 (-52.38%)

$432,764,000 (-61.10%)

$1,112,486,000 (415.65%)

Assets Current

$135,170,000 (-20.41%)

$169,836,000 (-57.12%)

$396,096,000 (-35.39%)

$613,018,000 (229.32%)

Assets Non-Current

$42,842,000 (18.25%)

$36,229,000 (-1.20%)

$36,668,000 (-92.66%)

$499,468,000 (1587.39%)

Goodwill & Intangible Assets

$2,081,000 (-1.28%)

$2,108,000 (-0.89%)

$2,127,000 (-99.54%)

$460,236,000 (37999.01%)

Shareholders Equity

-$56,356,000 (-192.86%)

-$19,243,000 (-115.62%)

$123,172,000 (-84.10%)

$774,642,000 (374.26%)

Property Plant & Equipment Net

$13,790,000 (10.23%)

$12,510,000 (-28.14%)

$17,410,000 (-16.57%)

$20,868,000 (20.77%)

Cash & Equivalents

$42,243,000 (36.43%)

$30,962,000 (-75.07%)

$124,199,000 (-41.71%)

$213,082,000 (416.37%)

Accumulated Other Comprehensive Income

$602,000 (36.51%)

$441,000 (162.29%)

-$708,000 (12.38%)

-$808,000 (-16060.00%)

Deferred Revenue

$19,240,000 (114.16%)

$8,984,000 (3.32%)

$8,695,000 (7.77%)

$8,068,000 (-40.77%)

Total Investments

$56,233,000 (-50.35%)

$113,251,000 (-51.87%)

$235,306,000 (-30.69%)

$339,505,000 (193.55%)

Investments Current

$56,233,000 (-46.93%)

$105,960,000 (-53.92%)

$229,948,000 (-31.18%)

$334,147,000 (202.04%)

Investments Non-Current

$0 (0%)

$7,291,000 (36.08%)

$5,358,000 (0.00%)

$5,358,000 (6.67%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$17,365,000 (-5.34%)

$18,345,000 (-19.25%)

$22,718,000 (-33.33%)

$34,076,000 (127.46%)

Trade & Non-Trade Payables

$2,417,000 (11.38%)

$2,170,000 (72.22%)

$1,260,000 (-79.55%)

$6,160,000 (79.23%)

Accumulated Retained Earnings (Deficit)

-$1,384,975,000 (-3.23%)

-$1,341,630,000 (-15.37%)

-$1,162,937,000 (-162.65%)

-$442,765,000 (-62.27%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$801,000 (-99.45%)

$145,316,000 (-36.23%)

$227,892,000 (-0.24%)

$228,450,000 (1531.32%)

Debt Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Debt Non-Current

$801,000 (-99.45%)

$145,316,000 (-36.23%)

$227,892,000 (-0.24%)

$228,450,000 (1531.32%)

Total Liabilities

$40,330,000 (-77.48%)

$179,118,000 (-33.37%)

$268,843,000 (-10.95%)

$301,895,000 (476.05%)

Liabilities Current

$38,949,000 (23.36%)

$31,574,000 (-10.99%)

$35,473,000 (-40.91%)

$60,030,000 (71.37%)

Liabilities Non-Current

$1,381,000 (-99.06%)

$147,544,000 (-36.78%)

$233,370,000 (-3.51%)

$241,865,000 (1291.71%)

BLND Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$162,019,000 (3.30%)

$156,846,000 (-33.31%)

$235,201,000 (0.30%)

$234,495,000 (144.19%)

Cost of Revenue

$71,475,000 (-5.59%)

$75,711,000 (-47.98%)

$145,550,000 (22.82%)

$118,506,000 (245.61%)

Selling General & Administrative Expense

$86,606,000 (-33.80%)

$130,818,000 (-41.69%)

$224,368,000 (5.40%)

$212,879,000 (161.11%)

Research & Development Expense

$46,087,000 (-43.51%)

$81,591,000 (-40.92%)

$138,094,000 (49.75%)

$92,216,000 (66.15%)

Operating Expenses

$140,164,000 (-40.95%)

$237,357,000 (-71.60%)

$835,828,000 (166.84%)

$313,231,000 (128.58%)

Interest Expense

$6,747,000 (-78.10%)

$30,811,000 (24.29%)

$24,790,000 (119.79%)

$11,279,000 (0%)

Income Tax Expense

$109,000 (15.96%)

$94,000 (104.19%)

-$2,241,000 (94.24%)

-$38,886,000 (-149661.54%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$43,419,000 (75.86%)

-$179,879,000 (76.45%)

-$763,810,000 (-351.58%)

-$169,142,000 (-126.68%)

Net Income to Non-Controlling Interests

$6,185,000 (13.67%)

$5,441,000 (13.35%)

$4,800,000 (118.08%)

$2,201,000 (0%)

Net Income

-$43,345,000 (75.74%)

-$178,693,000 (75.19%)

-$720,172,000 (-323.85%)

-$169,913,000 (-127.71%)

Preferred Dividends Income Statement Impact

$10,879,000 (64.16%)

$6,627,000 (-86.32%)

$48,438,000 (3287.27%)

$1,430,000 (0%)

Net Income Common Stock

-$60,483,000 (67.36%)

-$185,320,000 (75.89%)

-$768,610,000 (-348.58%)

-$171,343,000 (-129.63%)

Weighted Average Shares

$253,921,000 (3.55%)

$245,206,000 (4.72%)

$234,161,000 (77.41%)

$131,985,000 (234.93%)

Weighted Average Shares Diluted

$253,921,000 (3.55%)

$245,206,000 (4.72%)

$234,161,000 (77.41%)

$131,985,000 (234.93%)

Earning Before Interest & Taxes (EBIT)

-$36,489,000 (75.31%)

-$147,788,000 (78.82%)

-$697,623,000 (-253.19%)

-$197,520,000 (-164.80%)

Gross Profit

$90,544,000 (11.60%)

$81,135,000 (-9.50%)

$89,651,000 (-22.71%)

$115,989,000 (87.87%)

Operating Income

-$49,620,000 (68.24%)

-$156,222,000 (79.06%)

-$746,177,000 (-278.31%)

-$197,242,000 (-161.97%)

BLND Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$45,395,000 (-64.34%)

$127,306,000 (28.03%)

$99,431,000 (115.69%)

-$633,908,000 (-7906.92%)

Net Cash Flow from Financing

-$21,062,000 (76.84%)

-$90,958,000 (-4197.21%)

$2,220,000 (-99.76%)

$933,573,000 (928.66%)

Net Cash Flow from Operations

-$13,044,000 (89.78%)

-$127,621,000 (32.98%)

-$190,418,000 (-49.34%)

-$127,504,000 (-96.12%)

Net Cash Flow / Change in Cash & Cash Equivalents

$11,284,000 (112.36%)

-$91,304,000 (-2.72%)

-$88,883,000 (-151.63%)

$172,152,000 (865.74%)

Net Cash Flow - Business Acquisitions and Disposals

$9,075,000 (0%)

$0 (0%)

$0 (0%)

-$400,014,000 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$46,447,000 (-63.68%)

$127,893,000 (26.00%)

$101,499,000 (143.75%)

-$232,008,000 (-3417.94%)

Capital Expenditure

-$9,844,000 (-1577.00%)

-$587,000 (71.62%)

-$2,068,000 (-9.65%)

-$1,886,000 (-42.66%)

Issuance (Repayment) of Debt Securities

-$144,500,000 (-69.89%)

-$85,055,000 (0%)

$0 (0%)

$221,673,000 (0%)

Issuance (Purchase) of Equity Shares

$1,658,000 (518.66%)

$268,000 (-87.93%)

$2,220,000 (-99.43%)

$392,027,000 (2601.96%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

-$5,000 (83.87%)

-$31,000 (73.28%)

-$116,000 (-1188.89%)

-$9,000 (0%)

Share Based Compensation

$28,077,000 (-38.99%)

$46,021,000 (-58.05%)

$109,702,000 (54.85%)

$70,844,000 (599.76%)

Depreciation Amortization & Accretion

$7,811,000 (35.61%)

$5,760,000 (-60.04%)

$14,416,000 (4.36%)

$13,814,000 (117.65%)

BLND Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

55.90% (8.12%)

51.70% (35.70%)

38.10% (-23.03%)

49.50% (-23.02%)

Profit Margin

-37.30% (68.44%)

-118.20% (63.83%)

-326.80% (-347.06%)

-73.10% (5.92%)

EBITDA Margin

-17.70% (80.46%)

-90.60% (68.81%)

-290.50% (-271.01%)

-78.30% (-10.13%)

Return on Average Equity (ROAE)

129.20% (117.37%)

-743.80% (-215.70%)

-235.60% (-775.84%)

-26.90% (46.20%)

Return on Average Assets (ROAA)

-32.20% (45.24%)

-58.80% (50.67%)

-119.20% (-569.66%)

-17.80% (55.05%)

Return on Sales (ROS)

-22.50% (76.11%)

-94.20% (68.24%)

-296.60% (-252.26%)

-84.20% (-8.37%)

Return on Invested Capital (ROIC)

-29.20% (14.12%)

-34.00% (72.58%)

-124.00% (-102.28%)

-61.30% (-8.69%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0%

Price to Earnings Ratio (P/E)

-17.54 (-422.86%)

-3.35 (-664.24%)

-0.44 (92.22%)

-5.65

Price to Sales Ratio (P/S)

6.6 (65.49%)

3.99 (178.03%)

1.43 (-65.29%)

4.13

Price to Book Ratio (P/B)

-19.12 (41.87%)

-32.89 (-1283.52%)

2.78 (27.59%)

2.18

Debt to Equity Ratio (D/E)

-0.72 (92.31%)

-9.31 (-526.39%)

2.18 (459.74%)

0.39 (21.50%)

Earnings Per Share (EPS)

-0.24 (68.42%)

-0.76 (76.83%)

-3.28 (-152.31%)

-1.3 (31.22%)

Sales Per Share (SPS)

0.64 (-0.31%)

0.64 (-36.25%)

1 (-43.50%)

1.78 (-27.08%)

Free Cash Flow Per Share (FCFPS)

-0.09 (82.79%)

-0.52 (36.37%)

-0.82 (16.12%)

-0.98 (41.77%)

Book Value Per Share (BVPS)

-0.22 (-184.62%)

-0.08 (-114.83%)

0.53 (-91.04%)

5.87 (41.59%)

Tangible Assets Book Value Per Share (TABVPS)

0.69 (-16.71%)

0.83 (-54.76%)

1.84 (-62.79%)

4.94 (-9.22%)

Enterprise Value Over EBIT (EV/EBIT)

-28 (-460.00%)

-5 (-400.00%)

-1 (87.50%)

-8

Enterprise Value Over EBITDA (EV/EBITDA)

-35.69 (-553.57%)

-5.46 (-718.59%)

-0.67 (92.52%)

-8.92

Asset Turnover

0.86 (73.29%)

0.5 (36.44%)

0.36 (50.21%)

0.24 (-52.26%)

Current Ratio

3.47 (-35.49%)

5.38 (-51.83%)

11.17 (9.34%)

10.21 (92.17%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$22,888,000 (82.15%)

-$128,208,000 (33.39%)

-$192,486,000 (-48.76%)

-$129,390,000 (-95.06%)

Enterprise Value (EV)

$1,023,379,586 (31.97%)

$775,492,300 (70.08%)

$455,957,988 (-72.17%)

$1,638,200,690

Earnings Before Tax (EBT)

-$43,236,000 (75.79%)

-$178,599,000 (75.28%)

-$722,413,000 (-245.98%)

-$208,799,000 (-179.93%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$28,678,000 (79.81%)

-$142,028,000 (79.21%)

-$683,207,000 (-271.90%)

-$183,706,000 (-169.19%)

Invested Capital

$95,540,000 (-66.68%)

$286,737,000 (-42.52%)

$498,857,000 (-17.90%)

$607,588,000 (299.08%)

Working Capital

$96,221,000 (-30.41%)

$138,262,000 (-61.66%)

$360,623,000 (-34.79%)

$552,988,000 (265.94%)

Tangible Asset Value

$175,931,000 (-13.74%)

$203,957,000 (-52.64%)

$430,637,000 (-33.98%)

$652,250,000 (204.03%)

Market Capitalization

$1,077,465,586 (70.24%)

$632,907,300 (84.90%)

$342,292,988 (-79.72%)

$1,687,512,690

Average Equity

-$46,798,000 (-287.83%)

$24,915,500 (-92.36%)

$326,225,000 (-48.87%)

$638,077,000 (327.80%)

Average Assets

$187,827,750 (-40.39%)

$315,089,250 (-51.14%)

$644,821,500 (-33.08%)

$963,511,750 (411.08%)

Invested Capital Average

$124,898,000 (-71.28%)

$434,923,500 (-22.68%)

$562,527,500 (74.51%)

$322,341,250 (143.82%)

Shares

255,930,068 (3.11%)

248,198,941 (4.42%)

237,703,464 (3.39%)

229,906,361 (4.70%)