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BLND - Blend Labs, Inc.

NYSE -> Technology -> Software—Application
San Francisco, United States
Type: Equity

BLND price evolution
BLND
(in millions $) 30 Jun 2024 31 Mar 2024 31 Dec 2023 30 Sep 2023
Current assets
Cash $45.45 $84.52 $30.96 $84.56
Short term investments $67.15 $43.5 $105.96 $160.41
Net receivables $19.6 $18.18 $18.34 $19.58
Inventory
Total current assets $142.52 $159.53 $169.84 $283.19
Long term investments $7.29 $7.29 $7.29 $7.29
Property, plant & equipment $15.13 $14.34 $12.51 $13.86
Goodwill & intangible assets $2.1 $2.1 $2.11 $2.11
Total noncurrent assets $42.89 $42.23 $36.23 $35.16
Total investments $74.45 $50.8 $113.25 $167.7
Total assets $185.41 $201.76 $206.06 $318.35
Current liabilities
Accounts payable $1.08 $1.9 $2.17 $2.12
Deferred revenue $20.83 $21.54 $8.98 $10.06
Short long term debt
Total current liabilities $41.52 $42.56 $31.57 $36.81
Long term debt $5.17 $145.25 $145.32 $227.14
Total noncurrent liabilities $6.74 $147.31 $147.54 $230.5
Total debt $5.17 $145.25 $145.32 $227.14
Total liabilities $48.27 $189.87 $179.12 $267.31
Shareholders' equity
Retained earnings -$1381.7 -$1362.3 -$1341.63 -$1311.35
Other shareholder equity $0.3 $0.35 $0.44 -$0.4
Total shareholder equity -$45.47 -$35.76 -$19.24 $6.29
(in millions $) 31 Dec 2023 31 Jan 2023 31 Jan 2022 31 Dec 2020
Current assets
Cash $30.96 $124.2 $213.08 $41.27
Short term investments $105.96 $229.95 $334.15 $110.63
Net receivables $18.34 $23.97 $39.44 $14.98
Inventory
Total current assets $169.84 $396.1 $613.02 $186.15
Long term investments $7.29 $5.36 $5.36 $5.02
Property, plant & equipment $12.51 $17.41 $20.87 $17.28
Goodwill & intangible assets $2.11 $2.13 $460.24 $1.21
Total noncurrent assets $36.23 $36.67 $499.47 $29.6
Total investments $113.25 $235.31 $339.5 $115.65
Total assets $206.06 $432.76 $1112.49 $215.75
Current liabilities
Accounts payable $2.17 $1.26 $6.16 $3.44
Deferred revenue $8.98 $8.7 $8.07 $13.62
Short long term debt
Total current liabilities $31.57 $35.47 $60.03 $35.03
Long term debt $145.32 $216.8 $213.84 $14
Total noncurrent liabilities $147.54 $233.37 $241.87 $17.38
Total debt $145.32 $227.89 $228.45 $14
Total liabilities $179.12 $309.59 $337.84 $52.41
Shareholders' equity
Retained earnings -$1341.63 -$1162.94 -$442.76 -$272.85
Other shareholder equity $0.44 -$0.71 -$0.81 -$0.01
Total shareholder equity -$19.24 $123.17 $774.64 $163.34
(in millions $) 30 Jun 2024 31 Mar 2024 31 Dec 2023 30 Sep 2023
Revenue
Total revenue $40.48 $34.95 $36.1 $40.59
Cost of revenue $18.8 $16.81 $16.38 $18.53
Gross Profit $21.68 $18.14 $19.73 $22.06
Operating activities
Research & development $12.92 $14.18 $14.42 $18.83
Selling, general & administrative $21.89 $24.15 $26.48 $30.31
Total operating expenses $35.02 $39.32 $41.59 $58.26
Operating income -$13.34 -$21.18 -$21.87 -$36.2
Income from continuing operations
EBIT -$17.74 -$15.53 -$23.27 -$33.51
Income tax expense $0.02 $0.04 -$0.07 $0.04
Interest expense $1.65 $5.1 $7.08 $8.21
Net income
Net income -$19.41 -$20.67 -$30.29 -$41.76
Income (for common shares) -$23.59 -$22.13 -$31.81 -$43.21
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $156.85 $235.2 $234.5 $96.03
Cost of revenue $75.71 $145.55 $118.51 $34.29
Gross Profit $81.14 $89.65 $115.99 $61.74
Operating activities
Research & development $81.59 $138.09 $92.22 $55.5
Selling, general & administrative $130.82 $224.37 $212.88 $81.53
Total operating expenses $237.36 $835.83 $313.23 $137.03
Operating income -$156.22 -$746.18 -$197.24 -$75.29
Income from continuing operations
EBIT -$147.79 -$697.62 -$197.52 -$74.59
Income tax expense $0.09 -$2.24 -$38.89 $0.03
Interest expense $30.81 $24.79 $11.28
Net income
Net income -$178.69 -$720.17 -$169.91 -$74.62
Income (for common shares) -$185.32 -$768.61 -$171.34 -$74.62
(in millions $) 30 Jun 2024 31 Mar 2024 31 Dec 2023 30 Sep 2023
Net income -$19.41 -$20.67 -$30.29 -$41.76
Operating activities
Depreciation $1.4 $1.43 $1.45 $1.44
Business acquisitions & disposals
Stock-based compensation $7.27 $8.07 $6.22 $9.04
Total cash flows from operations -$6.67 -$3.87 -$20.69 -$25.89
Investing activities
Capital expenditures -$1.87 -$1.96 -$0.08 -$0.03
Investments -$23.22 $62.59 $53.32 $71.82
Total cash flows from investing -$25.08 $60.62 $53.24 $71.79
Financing activities
Dividends paid
Sale and purchase of stock $0.1 $0.62 $0.25 -$0
Net borrowings -$144.5 -$85.06
Total cash flows from financing -$7.32 -$3.19 -$86.12 -$1.33
Effect of exchange rate -$0 -$0 -$0.02 -$0.02
Change in cash and equivalents -$39.07 $53.56 -$53.6 $44.55
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income -$178.69 -$720.17 -$169.91 -$74.62
Operating activities
Depreciation $5.76 $14.42 $13.81 $6.35
Business acquisitions & disposals -$400.01
Stock-based compensation $46.02 $109.7 $70.84 $10.12
Total cash flows from operations -$127.62 -$190.42 -$127.5 -$65.01
Investing activities
Capital expenditures -$0.59 -$2.07 -$1.89 -$1.31
Investments $127.89 $101.5 -$232.01 -$6.59
Total cash flows from investing $127.31 $99.43 -$633.91 -$7.92
Financing activities
Dividends paid
Sale and purchase of stock $0.27 $2.22 $392.03 $14.51
Net borrowings -$85.06 $221.67
Total cash flows from financing -$90.96 $2.22 $933.57 $90.76
Effect of exchange rate -$0.03 -$0.12 -$0.01
Change in cash and equivalents -$91.3 -$88.88 $172.15 $17.83
Fundamentals
Market cap $920.23M
Enterprise value $879.95M
Shares outstanding 254.21M
Revenue $152.12M
EBITDA -$84.33M
EBIT -$90.04M
Net Income -$112.12M
Revenue Q/Q -5.45%
Revenue Y/Y -14.68%
P/E ratio -8.21
EV/Sales 5.78
EV/EBITDA -10.43
EV/EBIT -9.77
P/S ratio 6.05
P/B ratio -20.10
Book/Share -0.18
Cash/Share 0.18
EPS -$0.44
ROA -49.20%
ROE 476.17%
Debt/Equity -9.31
Net debt/EBITDA -0.03
Current ratio 3.43
Quick ratio 3.43