Blend Labs, Inc. Income Statement

Income Statement Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & cost
Revenue 50.67M96.03M234.50M235.20M156.85M162.02M
Cost of Revenue 37.66M51.42M118.51M145.55M75.71M71.47M
Gross Profit 31.12M61.74M115.99M89.65M81.14M90.54M
Operating items
Amortization - Intangibles 8.14M8.41M
Research & Development 48.60M55.50M92.22M138.09M81.59M46.09M
Selling, General & Administrative 26.59M30.11M128.80M139.12M70.69M50.56M
Restructuring Costs 15.28M24.95M7.47M
Other Operating Expenses 37.66M51.42M92.21M543.34M60.13M36.05M
Operating Expenses 112.85M137.03M313.23M835.83M237.36M140.16M
Operating Income -81.72M-75.29M-197.24M-746.18M-156.22M-49.62M
EBIT -81.72M-75.29M-197.24M-746.18M-156.22M-49.62M
Non-operating items
Other Non Operating Income 0.28M0.70M0.49M4.92M7.25M13.06M
Non Operating Income 0.28M0.70M0.49M4.92M7.25M13.06M
Net income details
EBT -81.44M-74.59M-208.03M-766.05M-179.78M-43.31M
Tax Provisions 0.01M0.03M-38.89M-2.24M0.09M0.11M
Profit After Tax -81.45M-74.62M-169.91M-763.81M-179.88M-43.42M
Income from Non-Controlling Interests 0.77M-43.64M-1.19M-0.07M
Income from Continuing Operations -81.45M-74.62M-169.14M-763.81M-179.88M-43.42M
Consolidated Net Income -81.45M-74.62M-169.14M-763.81M-179.88M-43.42M
Income towards Parent Company -81.45M-74.62M-169.14M-763.81M-179.88M-43.42M
Preferred Dividend Payments 1.43M10.88M
Net Income towards Common Stockholders -81.45M-74.62M-171.34M-768.61M-185.32M-60.48M
Additional items
EPS (Basic) -2.49-1.89-1.30-3.28-0.76-0.24
EPS (Weighted Average and Diluted) -2.49-1.89-1.30-3.28-0.76-0.24
Shares Outstanding (Weighted Average) 219.59M229.91M237.70M248.20M255.93M
Shares Outstanding (Diluted Average) 32.78M39.41M131.99M234.16M245.21M253.92M
EBITDA -81.31M-74.72M-170.72M-763.71M-178.73M-43.26M
Interest Expenses 11.28M24.79M30.81M6.75M
Tax Rate 18.69%0.29%