Blend Labs Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $1.0999
- Today's High:
- $1.135
- Open Price:
- $1.1
- 52W Low:
- $0.529
- 52W High:
- $3.82
- Prev. Close:
- $1.11
- Volume:
- 407909
Company Statistics
- Market Cap.:
- $256.04 million
- Book Value:
- 0.293
- Revenue TTM:
- $201.01 million
- Operating Margin TTM:
- -129.41%
- Gross Profit TTM:
- $89.65 million
- Profit Margin:
- 0%
- Return on Assets TTM:
- -22.58%
- Return on Equity TTM:
- -172.68%
Company Profile
Blend Labs Inc had its IPO on 2021-07-16 under the ticker symbol BLND.
The company operates in the Technology sector and Software-Application industry. Blend Labs Inc has a staff strength of 1,546 employees.
Stock update
Shares of Blend Labs Inc opened at $1.1 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $1.1 - $1.14, and closed at $1.12.
This is a +0.9% increase from the previous day's closing price.
A total volume of 407,909 shares were traded at the close of the day’s session.
In the last one week, shares of Blend Labs Inc have slipped by -1.75%.
Blend Labs Inc's Key Ratios
Blend Labs Inc has a market cap of $256.04 million, indicating a price to book ratio of 1.8007 and a price to sales ratio of 1.2607.
In the last 12-months Blend Labs Inc’s revenue was $201.01 million with a gross profit of $89.65 million and an EBITDA of $-253332000. The EBITDA ratio measures Blend Labs Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Blend Labs Inc’s operating margin was -129.41% while its return on assets stood at -22.58% with a return of equity of -172.68%.
In Q1, Blend Labs Inc’s quarterly earnings growth was a positive 0% while revenue growth was a negative 47.8%.
Blend Labs Inc’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 0
- PEG
Its diluted EPS in the last 12-months stands at $-3.44 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Blend Labs Inc’s profitability.
Blend Labs Inc stock is trading at a EV to sales ratio of 0.5416 and a EV to EBITDA ratio of -0.2086. Its price to sales ratio in the trailing 12-months stood at 1.2607.
Blend Labs Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $385.44 million
- Total Liabilities
- $39.92 million
- Operating Cash Flow
- $-28940000.00
- Capital Expenditure
- $304000
- Dividend Payout Ratio
- 0%
Blend Labs Inc ended 2024 with $385.44 million in total assets and $0 in total liabilities. Its intangible assets were valued at $385.44 million while shareholder equity stood at $71.35 million.
Blend Labs Inc ended 2024 with $0 in deferred long-term liabilities, $39.92 million in other current liabilities, 2000.00 in common stock, $-1228354000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $46.20 million and cash and short-term investments were $306.86 million. The company’s total short-term debt was $4,134,000 while long-term debt stood at $217.51 million.
Blend Labs Inc’s total current assets stands at $350.16 million while long-term investments were $0 and short-term investments were $260.66 million. Its net receivables were $20.69 million compared to accounts payable of $1.93 million and inventory worth $0.
In 2024, Blend Labs Inc's operating cash flow was $-28940000.00 while its capital expenditure stood at $304000.
Comparatively, Blend Labs Inc paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $1.12
- 52-Week High
- $3.82
- 52-Week Low
- $0.529
- Analyst Target Price
- $1.57
Blend Labs Inc stock is currently trading at $1.12 per share. It touched a 52-week high of $3.82 and a 52-week low of $3.82. Analysts tracking the stock have a 12-month average target price of $1.57.
Its 50-day moving average was $1.22 and 200-day moving average was $1.22 The short ratio stood at 10.12 indicating a short percent outstanding of 0%.
Around 706.3% of the company’s stock are held by insiders while 6021.2% are held by institutions.
Frequently Asked Questions About Blend Labs Inc
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About
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.