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olivLaw · US equity research

Blend Labs, Inc. BLND

Services-Computer Programming, Data Processing, Etc. · SIC 7370

1.28USD+10.34% · 1 dayClose 04 Nov 2026

Blend Labs (BLND) runs a cloud software platform that automates the origination of loans and bank accounts for banks, credit unions and mortgage lenders. The company is in transition after exiting its title insurance business, and its second quarter of 2026 showed revenue growth of 7%.

At the close of 04 Nov 2026, Blend Labs, Inc. (BLND) stock was 1.28 USD (+10.34% on the day), with market capitalisation 302.7 m USD, beta 0.97, 52-week range 0.90–3.34 USD. Latest reported quarter (Q2 2026): revenue of 33.8 m USD (+7.0% YoY), net income of -1.5 m USD, diluted EPS -0.03 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
302.7 m USD
shares as of 30 Jun 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.09 · TTM to 30 Jun 2026
E/P (TTM)
-6.76%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
0.97
Volatility (1y) 74%
52-week range
0.903.34

Price history

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Technical reading

RSI (14)
61.9
strong (55–70)
Bollinger (20, 2)
0.88 – 1.28
in the upper half of the band · %B 0.99 · band width 37.6%
SMA 50 / 200
1.21 / 1.61
mixed trend
MACD (12, 26, 9)
0.01 / -0.02
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+23.1%−1.1%+24.2 pp—
3 months−36.3%−0.5%−35.9 pp—
6 months−20.0%+4.4%−24.4 pp—
Year to date−57.9%+12.3%−70.2 pp—
1 year−59.6%+13.5%−73.2 pp—
3 years−7.2%+76.4%−83.7 pp—
5 years−91.8%+63.7%−155.4 pp—
Max drawdown (1y)
−73.1%
09 Dec 2025 → 16 Oct 2026
Max drawdown (5y)
−96.5%
08 Nov 2021 → 02 May 2023
Compound annual growth (5y)
−39.3%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
33.8 m USD
+7.0% YoY
Net income
-1.5 m USD
unavailable YoY
Diluted EPS
-0.03
unavailable YoY
net / operating
-4.4% / -4.7%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue33.1 m30.1 m26.8 m31.6 m32.7 m31.6 m30.8 m33.8 m
Cost of revenue8.6 m7.8 m7.8 m8.3 m8.4 m8.3 m7.5 m9.0 m
Gross profit24.5 m22.3 m19.0 m23.4 m24.3 m23.4 m23.4 m24.9 m
Research & development10.1 m8.9 m7.8 m7.5 m8.7 m7.5 m9.4 m8.7 m
Operating income-11.3 m-3.3 m-8.0 m-4.8 m-5.3 m-4.8 m-5.1 m-1.6 m
Depreciation & amortisation438.0 k ≈273.0 k407.0 k640.0 k ≈1.0 m ≈1.2 m1.3 m1.5 m ≈
Interest expense000000——
Pre-tax income-610.0 k-2.2 m-6.9 m-3.8 m12.0 m-3.8 m-5.0 m-1.4 m
Income tax21.0 k16.0 k30.0 k41.0 k27.0 k41.0 k63.0 k119.0 k
Net income-2.4 m-825.0 k-9.5 m-6.8 m12.1 m-6.8 m-8.0 m-1.5 m
Diluted EPS-0.03-0.00 ≈-0.06-0.040.02-0.03 ≈-0.05-0.03
Operating cash flow2.1 m ≈-4.6 m20.1 m-6.5 m ≈-3.6 m ≈1.5 m7.4 m7.9 m ≈
Capex3.4 m ≈2.5 m4.3 m3.6 m ≈2.1 m ≈1.6 m1.1 m825.0 k ≈
Share repurchases0 ≈02.6 m1.6 m ≈5.0 m ≈15.7 m16.8 m20.4 m ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year2019202020212022⚠ 202320242025
Revenue50.7 m96.0 m234.5 m235.2 m109.5 m115.8 m123.6 m
Revenue YoYunavailable+89.5%+144.2%+0.3%—+5.7%+6.8%
Net income-81.5 m-74.6 m-169.9 m-720.2 m-178.7 m-43.3 m-6.8 m
Net income YoYunavailableunavailableunavailableunavailable—unavailableunavailable
Diluted EPS-2.49-1.89-1.30-3.28-0.76-0.24-0.10
Diluted EPS YoYunavailableunavailableunavailableunavailable—unavailableunavailable
net %-160.7%-77.7%-72.5%-306.2%-163.1%-37.4%-5.5%
Free cash flow-59.5 m-66.3 m-129.2 m-192.5 m-127.7 m-22.8 m-81.0 k

The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
45.1 m USD
Financial debt
0 USD
Net debt
-45.1 m USD
Equity
-30.5 m USD
Total assets
170.0 m USD
Debt / equity
unavailable
Current ratio
2.53x
ROE
unavailable
ROA
-3.9%
FCF margin
-0.1%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
109.5 m
2024
115.8 m
2025
123.6 m

SEC (XBRL)· 16 Mar 2026verified

Cost of revenue
2023
33.1 m
2024
32.5 m
2025
32.4 m

SEC (XBRL)· 16 Mar 2026verified

Gross profit
2023
76.5 m
2024
83.2 m
2025
91.2 m

SEC (XBRL)· 16 Mar 2026verified

Research & development
2023
81.3 m
2024
46.1 m
2025
32.8 m

SEC (XBRL)· 16 Mar 2026verified

Operating income
2023
-143.6 m
2024
-48.8 m
2025
-21.7 m

SEC (XBRL)· 16 Mar 2026verified

Depreciation & amortisation
2023
1.5 m
2024
1.3 m
2025
3.3 m

SEC (XBRL)· 16 Mar 2026verified

EBITDA
2023
-142.1 m ≈
2024
-47.5 m ≈
2025
-18.4 m ≈

SEC (XBRL)· 16 Mar 2026derived

Interest expense
2023
30.8 m
2024
6.7 m
2025
0

SEC (XBRL)· 16 Mar 2026verified

Pre-tax income
2023
-167.4 m
2024
-42.7 m
2025
-878.0 k

SEC (XBRL)· 16 Mar 2026verified

Income tax
2023
94.0 k
2024
109.0 k
2025
249.0 k

SEC (XBRL)· 16 Mar 2026verified

Net income
2023
-178.7 m
2024
-43.3 m
2025
-6.8 m

SEC (XBRL)· 16 Mar 2026verified

Diluted EPS
2023
-0.76
2024
-0.24
2025
-0.10

SEC (XBRL)· 16 Mar 2026verified

Weighted average diluted shares
2023
245.2 m
2024
253.9 m
2025
258.9 m

SEC (XBRL)· 16 Mar 2026verified

Balance sheet · USD

Cash
2023
23.5 m
2024
38.0 m
2025
45.1 m

SEC (XBRL)· 07 May 2026verified

Current assets
2023
169.8 m
2024
135.2 m
2025
99.8 m

SEC (XBRL)· 07 May 2026verified

Property, plant & equipment, net
2023
3.9 m
2024
11.7 m
2025
23.0 m

SEC (XBRL)· 16 Mar 2026verified

Goodwill
2023
—
2024
—
2025
—

SEC (XBRL)· 16 Mar 2023verified

Intangibles (excl. goodwill)
2023
2.1 m
2024
81.0 k
2025
—

SEC (XBRL)· 08 May 2025verified

Total assets
2023
206.1 m
2024
178.1 m
2025
170.0 m

SEC (XBRL)· 16 Mar 2026verified

Accounts payable
2023
2.2 m
2024
1.6 m
2025
1.9 m

SEC (XBRL)· 07 May 2026verified

Long-term debt
2023
138.3 m
2024
0
2025
0

SEC (XBRL)· 16 Mar 2026verified

Current liabilities
2023
31.6 m
2024
39.0 m
2025
39.5 m

SEC (XBRL)· 16 Mar 2026verified

Total liabilities
2023
179.1 m
2024
40.4 m
2025
41.0 m

SEC (XBRL)· 16 Mar 2026verified

Equity
2023
-19.2 m †
2024
-56.4 m †
2025
-30.5 m †

SEC (XBRL)· 16 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-127.6 m
2024
-13.0 m
2025
11.5 m

SEC (XBRL)· 16 Mar 2026verified

Capex
2023
35.0 k
2024
9.7 m
2025
11.6 m

SEC (XBRL)· 16 Mar 2026verified

Free cash flow
2023
-127.7 m ≈
2024
-22.8 m ≈
2025
-81.0 k ≈

SEC (XBRL)· 16 Mar 2026derived

Investing cash flow
2023
127.3 m
2024
45.4 m
2025
18.5 m

SEC (XBRL)· 16 Mar 2026verified

Financing cash flow
2023
-91.0 m
2024
-21.1 m
2025
-32.6 m

SEC (XBRL)· 16 Mar 2026verified

Share repurchases
2023
0
2024
0
2025
24.9 m

SEC (XBRL)· 16 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
6.8%
computed by olivLawFY 2025
Revenue CAGR 3Y
-19.3%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
5.2%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
the base of the ratio is not positive
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
74.3%
computed by olivLawTTM to 30 Jun 2026
EBITDA margin
-9.1%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
-13.0%
computed by olivLawTTM to 30 Jun 2026
Net margin
-3.3%
computed by olivLawTTM to 30 Jun 2026
FCF margin
5.9%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
ROA
-2.6%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
equity is negative: buybacks shrink the invested capital and ROIC would come out large without meaning anything
ROCE
-17.4%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
unavailable
insufficient data

Liquidity

Current ratio
1.6x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.5x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
13.2 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
5.6 m USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
7.6 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
unavailable
input data missing
Days payables outstanding
9 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026

Market and valuation

Market capitalisation
302.7 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-6.8%
computed by olivLawTTM to 30 Jun 2026
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
P/S
2.3x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
40.1x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
FCF yield
2.5%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
19.2%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026

4 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

1.28 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 302.7 m USD

Key indicators

Market capitalisation
302.7 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
EV/EBITDA
unavailable
input data missing
ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
Net margin
-3.3%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
6.8%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

30/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Source: SEC (XBRL)published 06 Aug 2026
verified 895derived 78

Score by group

77% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)

no valuation method could be computed

Multiple comparisons use the SIC vertical

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
Gross margin · Quality74.3%86 (on a fixed band)14%
EBIT margin · Quality-13.0%0 (on a fixed band)11%
FCF margin · Quality5.9%23 (on a fixed band)11%
Revenue CAGR 3Y · Growth-19.3%0 (on a fixed band)22%
Revenue growth (YoY) · Growth6.8%27 (on a fixed band)11%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.6x49 (on a fixed band)8%
EV/Sales · Valuationunavailableunavailable—
FCF yield · Valuation2.5%50 (on a fixed band)17%
Shareholder yield (distributions) · Returns19.2%100 (on a fixed band)6%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial49/100 · 1/2 factors with a value
  • Growth9/100 · 2/2 factors with a value
  • Quality40/100 · 3/3 factors with a value
  • Returns100/100 · 1/1 factors with a value
  • Valuation· partial50/100 · 1/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

BLEND LABS, INC. (BLND). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 123.6 m USD in 2025; YoY growth 6.8%; net margin -3.3%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Gross margin: 74.3%
  • Shareholder yield (distributions): 19.2%

What contradicts it

  • EBIT margin: -13.0%
  • FCF margin: 5.9%
  • Revenue CAGR 3Y: -19.3%
  • Revenue growth (YoY): 6.8%

Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.

Versus the vertical median

Not enough comparable companies with data for an average.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

In brief

Blend Labs (BLND) runs a cloud software platform that automates the origination of loans and bank accounts for banks, credit unions and mortgage lenders. The company is in transition after exiting its title insurance business, and its second quarter of 2026 showed revenue growth of 7% 3.

SWOT

Strengths

  • The platform is integrated into clients' back office processes and built from reusable modules, which makes it hard to replace.
  • An extensive partner ecosystem attracts consumers and providers, which strengthens the network effect.
  • The success-based model ties revenue to client activity and does not charge for abandoned applications.

Weaknesses

  • Revenue depends heavily on mortgage volume, which reacts strongly to interest rates and economic conditions.
  • The client base is concentrated, so losing key clients could significantly affect results.
  • The company has had net losses in the past and has reported material weaknesses in internal control over financial reporting.

Opportunities

  • The launch of Autopilot and AI capabilities could open new products and lower operating costs for clients.
  • If the mortgage market recovers, transaction volume on the platform could grow quickly.
  • Expansion into markets outside the United States is named as a longer-term growth direction.

Threats

  • Larger competitors could cut prices and attract existing clients.
  • Regulatory changes and government mortgage policy could affect demand.
  • A cybersecurity incident could expose confidential data and damage the company's reputation.

Risks

  • Dependence on the financial services sectorhigh

    Revenue depends on banks and mortgage lenders; if they cut spending, the company's revenue could decline.

  • Interest rates and mortgage volumehigh

    If rates stay high, demand for loans and refinances could stay weak, directly affecting transaction-based revenue.

  • Client concentrationhigh

    A large share of revenue comes from a small number of clients, and reducing business with them could seriously affect results.

  • Internal controlmedium

    The material weaknesses identified in internal control could lead to errors in financial statements or delays in reporting.

  • Voting structuremedium

    A multi-class share structure concentrates voting power in the hands of a co-founder, which could limit shareholder influence on major decisions.

Investment thesis

What would need to be true (bull case)

  • If the mortgage market recovery is confirmed and Autopilot wins more clients, the company could re-accelerate revenue growth, as management suggests.
  • The success-based model and partner ecosystem could expand margins as volume grows.
  • Exiting the title business could focus the company on its software platform with a simpler operating structure.

What would break the thesis

  • If high rates and economic uncertainty persist, transaction volume could stay below expectations and revenue could stagnate.
  • Competition from larger rivals could pressure pricing and client retention.
  • The history of net losses and internal control issues could make durable profitability harder to achieve.

What to watch

  • Third-quarter revenue and non-GAAP operating income against the guidanceQ3 2026
  • Pace of new client wins and expansions, including Autopilot adoptionQ3 2026
  • Progress toward the re-acceleration of revenue growth targeted for 20272027

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

The business

Blend Labs, founded in 2012, provides a software platform and product suite covering the end-to-end consumer journey for banking products, from loan application to signing documents. Products include mortgages, home equity, auto loans, personal loans, credit cards and deposit account opening. Clients are banks, credit unions and mortgage lenders in the United States, and Blend Builder lets them configure custom workflows.

The business model is success-based: revenue comes mainly from fees for completed transactions, such as a funded loan or a new account opened, and abandoned or rejected applications are not charged. The company also earns revenue from third-party partners, for example for income and identity verification or homeowners insurance. Contracts can be subscription, consumption-based or fixed-fee, and the recent trend is toward multi-year prepaid usage contracts.

The partner ecosystem of technology, data and service providers is central to the strategy. The company says the platform gives it a high-intent consumer traffic channel without added acquisition costs, which could strengthen the network effect as the client base grows.

Segments

Blend Platform

The company reports a single operating segment, the Blend Platform, which includes mortgage, home equity, Rapid Home Lending, vehicle loans, credit cards, personal loans and deposit accounts. In 2025 these products helped financial services firms process nearly 1.3 trillion dollars in loan applications 1.

Intelligent Origination

The company is embedding AI capabilities into the platform's execution layer rather than adding them as a bolt-on. The aim is to automate complex, exception-rich tasks, and Autopilot became commercially available on July 1, 2026, according to the second quarter results 3.

Market context

The mortgage market is heavily shaped by government policy and overall economic conditions, and interest rates directly affect demand. In 2025 mortgage transaction volume on the Blend platform rose compared with 2024, in line with industry origination growth, and industry forecasts project continued growth into 2026 1. The pace of recovery depends on the Federal Reserve and broader macroeconomic pressures.

The company also targets the wider group of banks shifting to digital-first customer acquisition and product delivery. Revenue is concentrated, with a large share coming from a limited number of customers each generating more than one million dollars a year, which shows how concentrated the client base is 1.

Trends

  • Mortgage volume recoverytailwind

    If interest rates fall and demand for mortgages grows, transaction volume on the platform could recover, supporting success-based revenue.

  • Digitalisation of bankstailwind

    Financial institutions increasingly acquire customers digitally, which could increase demand for automated origination platforms.

  • Sensitivity to rates and the economyheadwind

    High rates and economic uncertainty have reduced loan and refinance volumes in the past, and revenue could fall faster than the company can cut costs.

  • Exit from title businessmixed

    Leaving the title insurance business simplifies the model but changes the revenue mix and may create transition effects that complicate comparisons.

Competitive position

The company describes competition as intense, with some rivals larger and more established than it is, and these rivals could lower prices to win customers. Pressure also comes from challenger banks and technology disruptors that deal directly with consumers 1.

The Blend platform differentiates itself through its partner network and pre-built integrations with banking, verification and lending systems. The network effect is an important argument, since each new client adds consumers and attracts new providers to the ecosystem.

  • Core banking and loan origination software vendors

    Software companies for core banking and loan origination, some larger and more established, named in the filing as a source of competition.

  • Challenger banks and fintech companies

    New entrants in digital financial services that compete with Blend clients for consumers.

  • Data and verification providers

    Providers of identity, income and asset verification that may offer services directly or in competition with platform integrations.

  • Marketplace platforms for insurance and settlement services

    Players that offer insurance quotes or settlement services directly to consumers, sometimes outside the Blend platform.

News & filings

SEC filings

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Blend Labs, Inc. · 16 Mar 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Blend Labs, Inc. · 06 Aug 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Blend Labs, Inc. · 06 Aug 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.