Blend Labs (BLND) EBITDA (2020 - 2026)
Blend Labs (BLND) posted EBITDA of -$1.6 million for Q2 2026, up 68.86% on a QoQ basis from -$5.1 million in Q1 2026, and up 67.34% year-over-year from -$941775.1 in Q2 2025.
Analysis
Blend Labs (BLND) EBITDA (2020 - 2026) Analysis & Trends
Blend Labs has reported EBITDA for 7 years, with the latest figure at -$1.6 million in Q2 2026.
- On a quarterly basis, EBITDA rose 67.34% year-over-year to -$1.6 million in Q2 2026; TTM through Jun 2026 was -$16.8 million, a 38.56% increase from a year earlier, with the FY2025 full-year figure at -$21.7 million, up 55.5% from the prior year.
- EBITDA was -$1.6 million for Q2 2026 at Blend Labs, up from -$5.1 million in the prior quarter.
- The five-year high for EBITDA was -$1.6 million in Q2 2026, with the low at -$471.4 million in Q2 2022.
- Average EBITDA over 5 years is -$53.8 million, with a median of -$12.2 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: EBITDA plunged 1089.42% in 2022, then soared 92.21% in 2023.
- Over 5 years, EBITDA stood at -$75.2 million in 2022, then soared by 87.69% to -$9.3 million in 2023, then surged by 64.64% to -$3.3 million in 2024, then tumbled by 47.49% to -$4.8 million in 2025, then jumped by 67.34% to -$1.6 million in 2026.
- The last three EBITDA figures came in at -$1.6 million (Q2 2026), -$5.1 million (Q1 2026), and -$4.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn | 14.64 Mn |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn | 105.80 Mn |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - | 170.50 Mn |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - | 77.73 Mn |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn | 28.63 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | -633,000.00 |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn | -1.58 Mn |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn | 161.06 Mn |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn | -27.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.58 Mn |
| Mar 31, 2026 | -5.06 Mn |
| Dec 31, 2025 | -4.83 Mn |
| Sep 30, 2025 | -5.35 Mn |
| Jun 30, 2025 | -4.83 Mn |
| Mar 31, 2025 | -7.98 Mn |
| Dec 31, 2024 | -3.27 Mn |
| Sep 30, 2024 | -11.28 Mn |
| Jun 30, 2024 | -13.07 Mn |
| Mar 31, 2024 | -21.22 Mn |
| Dec 31, 2023 | -9.25 Mn |
| Sep 30, 2023 | -36.20 Mn |
| Jun 30, 2023 | -36.72 Mn |
| Mar 31, 2023 | -61.44 Mn |
| Dec 31, 2022 | -75.16 Mn |
| Sep 30, 2022 | -129.86 Mn |
| Jun 30, 2022 | -471.42 Mn |
| Mar 31, 2022 | -69.75 Mn |
| Dec 31, 2021 | -59.87 Mn |
| Sep 30, 2021 | -70.54 Mn |