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

3.15USD-0.05 (-1.56%)Delayed

Market Summary

USD3.15-0.05

Delayed

-1.56%

BLND Alerts

1 major insider buys and 1 major insider sales recently.

Big jump in Earnings (Y/Y)
Losses in recent quarter

BLND Stock Price

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BLND RSI Chart

BLND Valuation

Market Cap

794.8M

Price/Earnings (Trailing)

-5.93

Price/Sales (Trailing)

5.15

EV/EBITDA

-8.13

Price/Free Cashflow

-9.37

BLND Price/Sales (Trailing)

BLND Profitability

EBT Margin

-86.94%

Return on Equity

374.53%

Return on Assets

-66.39%

Free Cashflow Yield

-10.67%

BLND Fundamentals

BLND Revenue

Revenue (TTM)

154.5M

Rev. Growth (Yr)

-6.4%

Rev. Growth (Qtr)

-3.2%

BLND Earnings

Earnings (TTM)

-133.9M

Earnings Growth (Yr)

68.41%

Earnings Growth (Qtr)

31.75%

Breaking Down BLND Revenue

Last 7 days

9.4%

Last 30 days

31.3%

Last 90 days

1.6%

Trailing 12 Months

211.9%

How does BLND drawdown profile look like?

BLND Financial Health

Current Ratio

3.75

Debt/Equity

-3.88

Debt/Cashflow

-0.61

BLND Investor Care

Shares Dilution (1Y)

3.58%

Diluted EPS (TTM)

-0.57

Historical Charts for Stock Metrics

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Net sales

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

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

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

Filter Transactions

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 Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	added	132	640,724	967,736	-%
May 16, 2024	Center Lake Capital Management, LLC	new	-	893,750	893,750	1.46%
May 15, 2024	Cubist Systematic Strategies, LLC	added	267	1,255,090	1,595,420	0.01%
May 15, 2024	Squarepoint Ops LLC	added	64.13	250,829	480,548	-%
May 15, 2024	SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC	new	-	650,000	650,000	0.02%
May 15, 2024	Bayesian Capital Management, LP	new	-	102,128	102,128	0.01%
May 15, 2024	EdgePoint Investment Group Inc.	reduced	-46.55	-9,495,000	20,286,300	0.17%
May 15, 2024	Schonfeld Strategic Advisors LLC	reduced	-23.69	-4,804	170,041	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	460	130,268	151,456	-%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	added	105	311,084	502,964	0.01%

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.
Big jump in Earnings (Y/Y)
Losses in recent quarter

Unveiling Blend Labs, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 06, 2024	haveli investments, l.p.	18.5%	57,264,957	SC 13D
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

Recent SEC filings of Blend Labs, Inc.

View All Filings

Date Filed	Form Type	Document
May 15, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 13, 2024	144	Notice of Insider Sale Intent
May 09, 2024	3	Insider Trading
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	3	Insider Trading
May 08, 2024	8-K	Current Report
May 06, 2024	SC 13D	13D - Major Acquisition
Apr 29, 2024	8-K	Current Report
Apr 29, 2024	ARS	ARS

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	3.35%	33.87%	66.98	7.95	11.18%	1888.46%
UBER	137.2B	38.6B	-8.72%	67.31%	98.72	3.56	14.01%	141.26%
ADSK	47.3B	5.3B	2.96%	8.03%	51.62	8.85	9.15%	48.14%
ANSS	28.6B	2.2B	0.65%	6.79%	65.84	12.85	3.59%	-21.47%
ZM	19.3B	4.5B	8.62%	-7.71%	30.27	4.26	3.06%	514.65%
MID-CAP
APPF	8.7B	671.8M	11.01%	66.39%	113.53	12.92	33.64%	185.98%
LYFT	6.7B	4.7B	-3.99%	99.28%	-36.23	1.43	10.90%	88.31%
ALRM	3.5B	895.2M	7.46%	35.00%	38.7	3.87	5.72%	46.94%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
AI	3.2B	296.4M	28.11%	-1.60%	-11.7	10.73	11.14%	-3.59%
AGYS	2.7B	228.1M	21.43%	43.87%	31.34	11.99	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
AEYE	256.1M	31.6M	76.57%	260.07%	-43.61	8.1	2.76%	43.72%
APPS	253.0M	572.4M	33.33%	-82.31%	-1.28	0.44	-19.38%	-489.49%
ASUR	193.1M	117.7M	5.95%	-44.01%	-19.58	1.64	12.54%	11.24%

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	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

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet													(In Millions)
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 (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																	(In Thousands)
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	-	-

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BLND Income Statement

2024-03-31

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

BLND Balance Sheet

2024-03-31

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

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 Fri May 17 2024, market cap of Blend Labs, Inc. is 794.8 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 Fri May 17 2024, BLND's PE ratio (Price to Earnings) is -5.93 and Price to Sales (PS) ratio is 5.15. 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.