BLND

Blend Labs Inc

BLND.US blend.com
1.41
-0.01 (-0.70%)
USD · NYSE
52-week range
1.18
4.49
Trading at 7% of the 52-week range
Market Cap
335.85M
P/E Ratio
0.00
Forward P/E
70.92
Book Value
-0.31
Div. Yield
N/A
% Institutions
70.54%
% Insiders
9.95%

1 Year

-67.5%

3 Year

+25.9%

10 Year

-93.3%
Description

Blend Labs, Inc. provides a cloud-based software platform for financial services firms in the United States, India, and Mexico. The company offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, rapid home lending, personal loans, credit cards, and deposit accounts; and a suite of add-on products that offers to enhance consumers' journeys to homeownership, such as close, income verification for mortgage and home equity lines of credit, and home equity loans. It also provides Blend Builder to configure or build custom workflows from a pre-built set of components; 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; AI capabilities; and workflow intelligence components to manage data collection and automate tasks throughout the loan origination process. In addition, the company offers application programming interfaces, which integrate the capabilities of technology, data, and service providers into software platform, as well as support services, professional and consulting services. It serves banks, credit unions, fintechs, and other non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in Novato, California.

Company Information

Company Name
Blend Labs Inc
Sector
Technology
Industry
Software - Application
Exchange
NYSE
ISIN: US09352U1088
CIK: 0001855747
CUSIP: 09352U108
Currency: USD
Full Time Employees: 419
Phone: 650 550 4810
Website: blend.com
Fiscal Year End: December
IPO Date: Jul 16, 2021
Description:

Blend Labs, Inc. provides a cloud-based software platform for financial services firms in the United States, India, and Mexico. The company offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, rapid home lending, personal loans, credit cards, and deposit accounts; and a suite of add-on products that offers to enhance consumers' journeys to homeownership, such as close, income verification for mortgage and home equity lines of credit, and home equity loans. It also provides Blend Builder to configure or build custom workflows from a pre-built set of components; 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; AI capabilities; and workflow intelligence components to manage data collection and automate tasks throughout the loan origination process. In addition, the company offers application programming interfaces, which integrate the capabilities of technology, data, and service providers into software platform, as well as support services, professional and consulting services. It serves banks, credit unions, fintechs, and other non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in Novato, California.

Address:

7250 Redwood Blvd., Novato, CA, United States, 94945

People

Directors & Officers

Name Title Year Born
Mr. Nima Ghamsari Co-Founder, Chairman, CEO & Head of Blend 1986
Mr. Jason Ream Head of Finance & Administration 1972
Mr. Srinivasan Venkatramani Head of Product, Technology & Customer Operations 1978
Ms. Oxana Tkach Controller & Principal Accounting Officer 1984
Ms. Meg Nunnally Head of Investor Relations NA
Ms. Winnie Ling Head of Legal & People 1986
Ms. Reva Rao Head of Digital Transformation for Credit Unions NA
Mr. Matt Thomson Head of Revenue 1971

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 24, 2026 Oxana Tkach N/A Sale 5.63K $1.59 $8.94K
Jan 15, 2026 Brian Kneafsey N/A Sale 25.00K $3.06 $76.50K
Jan 07, 2026 Oxana Tkach N/A Sale 2.50K $3.09 $7.73K
Oct 15, 2025 Brian Kneafsey N/A Sale 25.00K $3.34 $83.50K
Aug 15, 2025 Brian Kneafsey N/A Sale 25.00K $2.87 $71.75K
Aug 14, 2025 Nima Ghamsari N/A Sale 311.89K $2.90 $904.47K
Jul 15, 2025 Brian Kneafsey N/A Sale 25.00K $3.63 $90.75K
Jul 14, 2025 Brian Kneafsey N/A Sale 20.00K $3.42 $68.40K
Jul 07, 2025 Brian Kneafsey N/A Sale 20.00K $3.46 $69.20K
Jun 30, 2025 Brian Kneafsey N/A Sale 20.00K $3.31 $66.20K
Jun 23, 2025 Brian Kneafsey N/A Sale 20.00K $3.17 $63.40K
Jun 13, 2025 Nima Ghamsari N/A Sale 75.72K $3.30 $249.88K
Jun 12, 2025 Nima Ghamsari N/A Sale 44.13K $3.52 $155.34K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Haveli Investment Management LLC 18.69M Jun 30, 2026 7.90% $17.77 72.31%
BlackRock Inc 16.29M Mar 31, 2026 6.89% $0.00 -0.40%
Cypress Point Investment Management, LP 14.30M Jun 30, 2026 6.05% $4.43 -1.65%
Capricorn Fund Managers Ltd 11.31M Jun 30, 2026 4.78% $1.53 74.08%
Vanguard Capital Management, LLC 9.65M Mar 31, 2026 4.08% $0.00 0.00%
Vanguard Portfolio Management, LLC 6.70M Mar 31, 2026 2.83% $0.00 0.00%
Whitebark Investors 6.34M Jun 30, 2026 2.68% $8.38 0.00%
State Street Corp 6.30M Mar 31, 2026 2.66% $0.00 11.26%
Geode Capital Management, LLC 4.84M Mar 31, 2026 2.05% $0.00 -1.79%
Citadel Advisors Llc 4.69M Mar 31, 2026 1.98% $0.00 92.73%
Emergence GP Partners, LLC 4.24M Jun 30, 2026 1.79% $6.46 0.00%
Millennium Management LLC 3.49M Jun 30, 2026 1.48% $0.00 1,494.07%
Divisadero Street Capital Management, LP 3.18M Mar 31, 2026 1.34% $0.23 -44.31%
The Goldman Sachs Group Inc 2.60M Mar 31, 2026 1.10% $0.00 9.59%
Irenic Capital Management LP 2.20M Mar 31, 2026 0.93% $0.24 -29.24%
Jacobs Levy Equity Management, Inc. 2.17M Mar 31, 2026 0.92% $0.02 2,340.10%
Northern Trust Corp 1.90M Mar 31, 2026 0.80% $0.00 1.37%
Jane Street Group LLC 1.87M Mar 31, 2026 0.79% $0.00 -6.85%
Marshall Wace Asset Management Ltd 1.73M Mar 31, 2026 0.73% $0.00 -0.63%
Charles Schwab Investment Management Inc 1.66M Mar 31, 2026 0.70% $0.00 -8.22%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard MStar Total Stk Mkt Idx Invest 5.88M 2.49% ▲ 0.00% Jul 31, 2026
2 Vanguard Information Technology ETF 4.97M 2.10% ▲ 0.41% Jul 31, 2026
3 iShares Russell 2000 ETF 4.87M 2.06% ▼ 0.57% Aug 31, 2026
4 Vanguard Institutional Extnd Mkt Idx Tr 2.41M 1.02% ▲ 0.24% Jul 31, 2026
5 Fidelity Small Cap Index 2.01M 0.85% ▲ 0.97% Jun 30, 2026
6 State StreetSPDRS&PSftwr&SvcsETF 1.85M 0.78% ▲ 0.00% Aug 31, 2026
7 iShares Russell 2000 Growth ETF 1.49M 0.63% ▲ 0.00% Aug 31, 2026
8 State St Russell Sm/Mid Cp® Indx SL Cl I 1.34M 0.57% ▲ 0.00% Jul 31, 2026
9 Russell 2000 Equity Index Fund B 1.22M 0.52% ▼ 0.24% Jun 30, 2026
10 Russell 2000 Index Non-Lendable Fund 1.22M 0.52% ▼ 0.24% Jun 30, 2026

Financial Highlights

Market Cap: $335.85M
EBITDA: $-14.48M
Book Value: $-0.31
Earnings/Share: $-0.07
Profit Margin: 0.02%
Operating Margin: -4.65%
ROA (TTM): -5.66%
ROE (TTM): 2.11%
Revenue (TTM): $129.79M
Revenue/Share (TTM): $0.51
Earnings Growth (YOY): 0.00%
Revenue Growth (YOY): 7.00%

Valuation Metrics

Enterprise Value: $293.02M
Trailing P/E: 0.00
Forward P/E: 70.92

Shares Statistics

Shares Outstanding: 233.26M
Shares Float: 188.14M
% Insiders: 9.95%
% Institutions: 70.54%
Short % Float: 6.05%

Stock Price History

1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$123.59M
Cost of Goods Sold
adjust
$-32.42M
Gross Profit
subtotal
$91.17M
SG&A
adjust
$-50.12M
R&D
adjust
$-32.84M
Other Operating Expense
adjust
$-29.07M
Operating Income
subtotal
$-20.86M
Other / Non-Operating Items
adjust
$12.81M
Net Income
subtotal
$-8.06M

Earnings Per Share (EPS) History

Financial Ratios

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