at blend, we’re dedicated to improving consumer lending. we partner with banks and lenders to power frictionless, compliant, and more accessible lending— starting with mortgages. we’re motivated by the fact that our product won’t just affect the lives of a few people in the bay area— it affects people all over america. founded in 2012 by a group of former palantir engineers, blend raised $100m from greylock and emergence capital in the summer of 2017. we've just moved into new offices in sf and ny, we're growing quickly, and we're going to need some help -- reach out at hello@blend.com.
Company profile
Ticker
BLND
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Blend Brokerage, Inc. • Blend Title Insurance Agency, Inc. • Blend Insurance Agency, Inc. • Blend Operations, Inc. • Blend Insights, Inc. • Blend Title of Utah, LLC • Title365 Holding Co. • T365 Company LLC • Title365 Company • Title365 Signings Inc. ...
IRS number
455211045
BLND stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
8 May 24
8-K
Blend Announces First Quarter 2024 Financial Results
8 May 24
8-K
Blend Labs Announces Strategic Partnership with Haveli Investments, including $150 Million Investment
29 Apr 24
ARS
2023 FY
Annual report to shareholders
29 Apr 24
DEFA14A
Additional proxy soliciting materials
29 Apr 24
DEF 14A
Definitive proxy
29 Apr 24
8-K/A
Blend Announces Fourth Quarter and Full Year 2023 Financial Results
15 Mar 24
S-8
Registration of securities for employees
14 Mar 24
10-K
2023 FY
Annual report
14 Mar 24
8-K
Blend Announces Fourth Quarter and Full Year 2023 Financial Results
14 Mar 24
Transcripts
BLND
Earnings call transcript
2024 Q1
8 May 24
BLND
Earnings call transcript
2023 Q4
14 Mar 24
BLND
Earnings call transcript
2023 Q3
7 Nov 23
BLND
Earnings call transcript
2023 Q2
9 Aug 23
BLND
Earnings call transcript
2023 Q2
9 Aug 23
BLND
Earnings call transcript
2023 Q1
9 May 23
BLND
Earnings call transcript
2022 Q4
16 Mar 23
BLND
Earnings call transcript
2022 Q3
13 Nov 22
BLND
Earnings call transcript
2022 Q2
16 Aug 22
BLND
Earnings call transcript
2022 Q1
13 May 22
Latest ownership filings
144
Notice of proposed sale of securities
30 May 24
4
Brian Kneafsey
22 May 24
4
Amir Jafari
22 May 24
4
Oxana Tkach
22 May 24
4
Nima Ghamsari
22 May 24
4
Winnie Ling
22 May 24
4
Nima Ghamsari
15 May 24
4
Amir Jafari
14 May 24
144
Notice of proposed sale of securities
13 May 24
3
BRIAN NIRANJAN SHETH
9 May 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 91.82 mm | 91.82 mm | 91.82 mm | 91.82 mm | 91.82 mm | 91.82 mm |
Cash burn (monthly) | (no burn) | (no burn) | 7.06 mm | 11.24 mm | 1.29 mm | 7.07 mm |
Cash used (since last report) | n/a | n/a | 14.61 mm | 23.26 mm | 2.67 mm | 14.63 mm |
Cash remaining | n/a | n/a | 77.20 mm | 68.55 mm | 89.15 mm | 77.18 mm |
Runway (months of cash) | n/a | n/a | 10.9 | 6.1 | 69.1 | 10.9 |
Institutional ownership, Q4 2023
22.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 1 |
Closed positions | 76 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 1.37 bn |
Total shares | 54.71 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Formation8 Partners Fund I | 16.22 mm | $0.00 |
Mhatre Ravi | 14.82 mm | $0.00 |
Lightspeed Venture Partners IX | 14.82 mm | $0.00 |
8VC Co-Invest Fund I | 8.32 mm | $0.00 |
Mirae Asset Global Investments | 253.02 k | $645.21 mm |
Cypress Point Wealth Management | 156.27 k | $398.48 mm |
Caerus Investment Advisors | 51.90 k | $132.33 mm |
CAPROCK | 30.00 k | $76.50 mm |
Ballentine Partners | 24.22 k | $61.76 mm |
WBH Advisory | 10.37 k | $26.44 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 May 24 | Winnie Ling | Class A Common Stock | Payment of exercise | Dispose F | No | No | 3.16 | 27,038 | 85.44 k | 256,493 |
20 May 24 | Winnie Ling | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 50,000 | 0.00 | 283,531 |
20 May 24 | Winnie Ling | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 25,000 | 0.00 | 233,531 |
20 May 24 | Winnie Ling | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 50,000 | 0.00 | 250,000 |
20 May 24 | Winnie Ling | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 25,000 | 0.00 | 75,000 |
20 May 24 | Brian Kneafsey | Class A Common Stock | Payment of exercise | Dispose F | No | No | 3.16 | 26,760 | 84.56 k | 882,211 |
20 May 24 | Brian Kneafsey | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 75,000 | 0.00 | 908,971 |
20 May 24 | Brian Kneafsey | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 75,000 | 0.00 | 525,000 |
20 May 24 | Amir Jafari | Class A Common Stock | Payment of exercise | Dispose F | No | No | 3.16 | 82,355 | 260.24 k | 488,669 |
20 May 24 | Amir Jafari | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 37,500 | 0.00 | 571,024 |
News
Keefe, Bruyette & Woods Maintains Market Perform on Blend Labs, Raises Price Target to $3
10 May 24
Canaccord Genuity Maintains Hold on Blend Labs, Maintains $3 Price Target
9 May 24
Blend Labs Expects Q2 Blend Platform Segment Revenue Of $27M-$30M, Title Revenue Of $10.5M-$11.5M
8 May 24
Blend Labs Q1 2024 Adj EPS $(0.06) Beats $(0.07) Estimate, Sales $34.947M Beat $34.536M Estimate
8 May 24
Why H&E Equipment Services Shares Are Trading Lower By Around 18%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
30 Apr 24
Press releases
Blend to Announce First Quarter 2024 Financial Results on May 8, 2024
1 May 24
Michigan Schools and Government Credit Union Selects Blend to Evolve its Digital Lending Experience
16 Apr 24
Blend Announces Fourth Quarter and Full Year 2023 Financial Results
14 Mar 24
Blend to Announce Fourth Quarter and Full Year 2023 Financial Results on March 14, 2024
13 Mar 24