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10-Q

Quarterly Report

Blend Labs, Inc. BLND

0001855747-25-000069

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Filed
Aug 7, 2025 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted Q2 2025 · Jun 30, 2025 259.21M sh
Shares Diluted Q2 2025 · Jun 30, 2025 259M sh
Shares Diluted Q2 2025 · Jun 30, 2024 253.07M sh
Shares Diluted Q2 2025 · Jun 30, 2024 252M sh
Shares Outstanding Q2 2025 · Jun 30, 2025 260.05M sh
Shares Outstanding Q2 2025 · Dec 31, 2024 258.17M sh
Stock Repurchased Q2 2025 · Jun 30, 2025 $4.12M
Stock Repurchased Q2 2025 · Jun 30, 2024 $0
Operating Cash Flow Q2 2025 · Jun 30, 2025 $14.02M
Operating Cash Flow Q2 2025 · Jun 30, 2024 −$10.53M
Long Term Debt Q2 2025 · Jun 30, 2025 $0
Long Term Debt Q2 2025 · Dec 31, 2024 $0
Short Term Investments Q2 2025 · Jun 30, 2025 $51.8M
Short Term Investments Q2 2025 · Dec 31, 2024 $56.23M
Cash And Equivalents Q2 2025 · Jun 30, 2025 $36.5M
Cash And Equivalents Q2 2025 · Dec 31, 2024 $38.01M
Cash And Equivalents restated Q2 2025 · Jun 30, 2024 $41.76M
Stockholders Equity Q2 2025 · Jun 30, 2025 −$22.57M
Stockholders Equity Q2 2025 · Mar 31, 2025 −$16.89M
Stockholders Equity Q2 2025 · Dec 31, 2024 −$56.36M
Stockholders Equity Q2 2025 · Jun 30, 2024 −$45.47M
Stockholders Equity Q2 2025 · Mar 31, 2024 −$35.76M
Stockholders Equity Q2 2025 · Dec 31, 2023 −$19.24M
Current Liabilities Q2 2025 · Jun 30, 2025 $52.74M
Current Liabilities Q2 2025 · Dec 31, 2024 $39.02M
Total Liabilities Q2 2025 · Jun 30, 2025 $55.4M
Total Liabilities Q2 2025 · Dec 31, 2024 $40.4M
Current Assets Q2 2025 · Jun 30, 2025 $126.83M
Current Assets Q2 2025 · Dec 31, 2024 $135.24M
Total Assets Q2 2025 · Jun 30, 2025 $183.07M
Total Assets Q2 2025 · Dec 31, 2024 $178.09M
Sga Expense Q2 2025 · Jun 30, 2025 $13.62M
Sga Expense Q2 2025 · Jun 30, 2025 $24.84M
Sga Expense restated Q2 2025 · Jun 30, 2024 $11.38M
Sga Expense restated Q2 2025 · Jun 30, 2024 $23.73M
Rd Expense Q2 2025 · Jun 30, 2025 $7.33M
Rd Expense Q2 2025 · Jun 30, 2025 $14.85M
Rd Expense Q2 2025 · Jun 30, 2024 $12.92M
Rd Expense Q2 2025 · Jun 30, 2024 $27.1M
Net Income Q2 2025 · Jun 30, 2025 −$6.65M
Net Income Q2 2025 · Jun 30, 2025 −$15.88M
Net Income Q2 2025 · Mar 31, 2025 −$9.23M
Net Income Q2 2025 · Jun 30, 2024 −$19.41M
Net Income Q2 2025 · Jun 30, 2024 −$40.08M
Net Income Q2 2025 · Mar 31, 2024 −$20.67M
Operating Income Q2 2025 · Jun 30, 2025 −$4.62M
Operating Income Q2 2025 · Jun 30, 2025 −$12.32M
Operating Income restated Q2 2025 · Jun 30, 2024 −$13.07M
Operating Income restated Q2 2025 · Jun 30, 2024 −$34.29M
Gross Profit Q2 2025 · Jun 30, 2025 $23.31M
Gross Profit Q2 2025 · Jun 30, 2025 $42.26M
Gross Profit restated Q2 2025 · Jun 30, 2024 $20.34M
Gross Profit restated Q2 2025 · Jun 30, 2024 $36.38M
Cost Of Revenue Q2 2025 · Jun 30, 2025 $8.22M
Cost Of Revenue Q2 2025 · Jun 30, 2025 $16.03M
Cost Of Revenue restated Q2 2025 · Jun 30, 2024 $8.36M
Cost Of Revenue restated Q2 2025 · Jun 30, 2024 $16.15M
Revenue Q2 2025 · Jun 30, 2025 $31.52M
Revenue Q2 2025 · Jun 30, 2025 $58.29M
Revenue restated Q2 2025 · Jun 30, 2024 $28.7M
Revenue restated Q2 2025 · Jun 30, 2024 $52.54M