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10-K

Annual Report

Blend Labs, Inc. BLND

0001855747-26-000016

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Filed
Mar 16, 2026 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 FY 2025 · Dec 31, 2025 258.95M sh
Shares Diluted FY 2025 · Sep 30, 2025 268.72M sh
Shares Diluted FY 2025 · Sep 30, 2025 259.23M sh
Shares Diluted FY 2025 · Jun 30, 2025 259.21M sh
Shares Diluted FY 2025 · Jun 30, 2025 259M sh
Shares Diluted FY 2025 · Mar 31, 2025 258.83M sh
Shares Diluted FY 2025 · Dec 31, 2024 253.92M sh
Shares Diluted FY 2025 · Dec 31, 2023 245.21M sh
Shares Outstanding FY 2025 · Dec 31, 2025 256.04M sh
Shares Outstanding FY 2025 · Dec 31, 2024 258.17M sh
Stock Repurchased FY 2025 · Dec 31, 2025 $24.87M
Stock Repurchased FY 2025 · Dec 31, 2024 $0
Stock Repurchased FY 2025 · Dec 31, 2023 $0
Operating Cash Flow FY 2025 · Dec 31, 2025 $11.51M
Operating Cash Flow FY 2025 · Sep 30, 2025 $9.97M
Operating Cash Flow FY 2025 · Jun 30, 2025 $13.61M
Operating Cash Flow FY 2025 · Mar 31, 2025 $20.12M
Operating Cash Flow FY 2025 · Dec 31, 2024 −$13.04M
Operating Cash Flow FY 2025 · Dec 31, 2023 −$127.62M
Long Term Debt FY 2025 · Dec 31, 2025 $0
Long Term Debt FY 2025 · Sep 30, 2025 $0
Long Term Debt FY 2025 · Dec 31, 2024 $0
Short Term Investments FY 2025 · Dec 31, 2025 $24.74M
Short Term Investments FY 2025 · Sep 30, 2025 $22.23M
Short Term Investments FY 2025 · Jun 30, 2025 $51.8M
Short Term Investments FY 2025 · Mar 31, 2025 $48.57M
Short Term Investments FY 2025 · Dec 31, 2024 $56.23M
Cash And Equivalents FY 2025 · Dec 31, 2025 $43.58M
Cash And Equivalents FY 2025 · Sep 30, 2025 $55.02M
Cash And Equivalents FY 2025 · Jun 30, 2025 $36.5M
Cash And Equivalents FY 2025 · Mar 31, 2025 $56.24M
Cash And Equivalents restated FY 2025 · Dec 31, 2024 $38.01M
Cash And Equivalents restated FY 2025 · Dec 31, 2023 $23.5M
Stockholders Equity FY 2025 · Dec 31, 2025 −$30.47M
Stockholders Equity FY 2025 · Sep 30, 2025 −$13.41M
Stockholders Equity FY 2025 · Jun 30, 2025 −$23.05M
Stockholders Equity FY 2025 · Mar 31, 2025 −$17.17M
Stockholders Equity FY 2025 · Dec 31, 2024 −$56.36M
Stockholders Equity FY 2025 · Dec 31, 2023 −$19.24M
Stockholders Equity FY 2025 · Dec 31, 2022 $123.17M
Current Liabilities FY 2025 · Dec 31, 2025 $39.45M
Current Liabilities FY 2025 · Sep 30, 2025 $45.64M
Current Liabilities FY 2025 · Jun 30, 2025 $52.36M
Current Liabilities FY 2025 · Mar 31, 2025 $57.59M
Current Liabilities restated FY 2025 · Dec 31, 2024 $39.02M
Total Liabilities FY 2025 · Dec 31, 2025 $41.02M
Total Liabilities FY 2025 · Sep 30, 2025 $47.22M
Total Liabilities FY 2025 · Jun 30, 2025 $55.01M
Total Liabilities FY 2025 · Mar 31, 2025 $58.78M
Total Liabilities restated FY 2025 · Dec 31, 2024 $40.4M
Current Assets FY 2025 · Dec 31, 2025 $97.86M
Current Assets FY 2025 · Sep 30, 2025 $115.69M
Current Assets FY 2025 · Jun 30, 2025 $126.43M
Current Assets FY 2025 · Mar 31, 2025 $139.47M
Current Assets restated FY 2025 · Dec 31, 2024 $135.24M
Total Assets FY 2025 · Dec 31, 2025 $170.05M
Total Assets FY 2025 · Sep 30, 2025 $188.61M
Total Assets FY 2025 · Jun 30, 2025 $182.2M
Total Assets FY 2025 · Mar 31, 2025 $187.47M
Total Assets restated FY 2025 · Dec 31, 2024 $178.09M
Eps Diluted FY 2025 · Dec 31, 2025 −$0.10
Eps Diluted FY 2025 · Sep 30, 2025 $0.02
Eps Diluted FY 2025 · Dec 31, 2024 −$0.24
Eps Diluted FY 2025 · Dec 31, 2023 −$0.76
Eps Basic FY 2025 · Dec 31, 2025 −$0.10
Eps Basic FY 2025 · Sep 30, 2025 $0.02
Eps Basic FY 2025 · Dec 31, 2024 −$0.24
Eps Basic FY 2025 · Dec 31, 2023 −$0.76
Sga Expense FY 2025 · Dec 31, 2025 $50.12M
Sga Expense FY 2025 · Sep 30, 2025 $12.95M
Sga Expense FY 2025 · Sep 30, 2025 $37.9M
Sga Expense FY 2025 · Jun 30, 2025 $13.72M
Sga Expense FY 2025 · Jun 30, 2025 $24.95M
Sga Expense FY 2025 · Mar 31, 2025 $11.23M
Sga Expense restated FY 2025 · Dec 31, 2024 $45.69M
Sga Expense restated FY 2025 · Dec 31, 2023 $61.28M
Rd Expense FY 2025 · Dec 31, 2025 $32.84M
Rd Expense FY 2025 · Sep 30, 2025 $8.71M
Rd Expense FY 2025 · Sep 30, 2025 $24.03M
Rd Expense FY 2025 · Jun 30, 2025 $7.49M
Rd Expense FY 2025 · Jun 30, 2025 $15.33M
Rd Expense FY 2025 · Mar 31, 2025 $7.84M
Rd Expense FY 2025 · Dec 31, 2024 $46.09M
Rd Expense restated FY 2025 · Dec 31, 2023 $81.26M
Net Income FY 2025 · Dec 31, 2025 −$6.8M
Net Income FY 2025 · Sep 30, 2025 $12.1M
Net Income FY 2025 · Sep 30, 2025 −$4.27M
Net Income FY 2025 · Jun 30, 2025 −$6.85M
Net Income FY 2025 · Jun 30, 2025 −$16.36M
Net Income FY 2025 · Mar 31, 2025 −$9.52M
Net Income FY 2025 · Dec 31, 2024 −$43.35M
Net Income FY 2025 · Dec 31, 2023 −$178.69M
Operating Income FY 2025 · Dec 31, 2025 −$21.74M
Operating Income FY 2025 · Sep 30, 2025 −$5.35M
Operating Income FY 2025 · Sep 30, 2025 −$18.15M
Operating Income FY 2025 · Jun 30, 2025 −$4.83M
Operating Income FY 2025 · Jun 30, 2025 −$12.81M
Operating Income FY 2025 · Mar 31, 2025 −$7.98M
Operating Income restated FY 2025 · Dec 31, 2024 −$48.85M
Operating Income restated FY 2025 · Dec 31, 2023 −$143.61M
Gross Profit FY 2025 · Dec 31, 2025 $91.17M
Gross Profit FY 2025 · Sep 30, 2025 $24.28M
Gross Profit FY 2025 · Sep 30, 2025 $66.64M
Gross Profit FY 2025 · Jun 30, 2025 $23.36M
Gross Profit FY 2025 · Jun 30, 2025 $42.36M
Gross Profit FY 2025 · Mar 31, 2025 $19M
Gross Profit restated FY 2025 · Dec 31, 2024 $83.22M
Gross Profit restated FY 2025 · Dec 31, 2023 $76.46M
Cost Of Revenue FY 2025 · Dec 31, 2025 $32.42M
Cost Of Revenue FY 2025 · Sep 30, 2025 $8.42M
Cost Of Revenue FY 2025 · Sep 30, 2025 $24.53M
Cost Of Revenue FY 2025 · Jun 30, 2025 $8.27M
Cost Of Revenue FY 2025 · Jun 30, 2025 $16.12M
Cost Of Revenue FY 2025 · Mar 31, 2025 $7.85M
Cost Of Revenue restated FY 2025 · Dec 31, 2024 $32.54M
Cost Of Revenue restated FY 2025 · Dec 31, 2023 $33.09M
Revenue FY 2025 · Dec 31, 2025 $123.59M
Revenue FY 2025 · Sep 30, 2025 $32.7M
Revenue FY 2025 · Sep 30, 2025 $91.17M
Revenue FY 2025 · Jun 30, 2025 $31.63M
Revenue FY 2025 · Jun 30, 2025 $58.47M
Revenue FY 2025 · Mar 31, 2025 $26.85M
Revenue restated FY 2025 · Dec 31, 2024 $115.76M
Revenue restated FY 2025 · Dec 31, 2023 $109.55M