Stocks · Technology · Software - Application
Blend Labs, Inc. BLND
$1.03 -1.90% Close, Oct 2, 2026 · NYSE · Market cap $249.4M
Weak trend
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Over the past year the stock returned -71.5%, behind the S&P 500 by 86.5 percentage points.
- The stock is 71% below its highest close of the past year.
- The diluted share count fell 7.4% in a year, mainly through buybacks.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 7%
- Revenue growth, 3-year CAGRBottom 3%
- Revenue growth accelerationBottom 41%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 16%
- Gross marginTop 20%
- Operating marginBottom 24%
- Accruals (lower is better)Top 23%
- Net debt / EBITDA (lower is better)Top 10%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 19%
- Free-cash-flow yieldTop 32%
- EBITDA / enterprise valueBottom 46%
- Sales / enterprise valueTop 26%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 5%
- 6-month returnBottom 3%
- 1-year return vs S&P 500Bottom 3%
- Distance from 52-week highBottom 4%
- Trend checklist (0–4)Bottom 10%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 5%
- Consecutive EPS beatsBottom 31%
- Share of analysts rating BuyBottom 39%
- Upside to consensus price targetTop 3%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 39%
- Maximum drawdown, 3 yearsBottom 13%
- Beta vs S&P 500 (lower is better)Top 20%
- Net debt / EBITDA (lower is better)Top 10%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -10.1% | -10.3% | ↓ |
| Gross margin | 64.2% | 74.7% | ↑ |
| Operating margin | -18.9% | -11.8% | ↑ |
| FCF margin | -1.9% | 10.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -10.3% | -10.1% | ↓ | Bottom 7% |
| Gross margin | 74.7% | 64.2% | ↑ | Top 20% |
| Operating margin | -11.8% | -18.9% | ↑ | Bottom 24% |
| Net margin | -0.4% | -16.3% | ↑ | — |
| Free-cash-flow margin | 10.6% | -1.9% | ↑ | — |
| Return on invested capital | -13.6% | — | Bottom 16% | |
| Revenue growth, 3-year CAGR | -19.3% | — | Bottom 3% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -14.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 22.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +24.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -3.61×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 29.62%
- Shareholder yield
- 29.62%
- Share count change, 1 year
- -7.4%
- Share count change, 3-year CAGR
- -0.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 2 of 8
- Average EPS surprise, last 4
- -100.0%
- Average 2-day reaction, last 8
- -1.7%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $3.75
- Target vs current price
- +264.1%
- Analysts with a rating
- 12
- Share rating Buy or Strong Buy
- 58%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +70.3% | -3.0% | -30.3% | -24.9% | — |
| May 7, 2026 | -350.0% | +1.2% | -8.8% | +7.5% | +20.6% |
| Mar 10, 2026 | -382.0% | -2.4% | -12.0% | +3.0% | -4.8% |
| Nov 6, 2025 | +30.5% | -7.1% | -5.0% | +1.9% | -34.8% |
| Aug 7, 2025 | -312.5% | -0.3% | -16.5% | +2.0% | -9.5% |
| May 8, 2025 | -20.0% | +0.0% | +9.7% | +13.1% | +13.7% |
| Feb 27, 2025 | -353.0% | -3.6% | -14.6% | -2.7% | -3.0% |
| Nov 6, 2024 | -62.0% | +1.6% | +19.7% | +36.8% | +6.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.03 | $0.02 | +70.3% | $33.8M |
| May 7, 2026 | -$0.05 | $0.02 | -350.0% | $30.8M |
| Mar 10, 2026 | -$0.03 | $0.01 | -382.0% | $32.4M |
| Nov 6, 2025 | $0.03 | $0.02 | +30.5% | $32.9M |
| Aug 7, 2025 | -$0.04 | $0.02 | -312.5% | $31.5M |
| May 8, 2025 | -$0.01 | -$0.01 | -20.0% | $26.8M |
| Feb 27, 2025 | -$0.03 | $0.01 | -353.0% | $41.4M |
| Nov 6, 2024 | -$0.03 | -$0.02 | -62.0% | $45.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 13.7× | — | — | — |
| EV / EBITDA | 38.7× | — | — | Bottom 46% |
| EV / Sales | 1.76× | — | — | Top 26% |
| Free-cash-flow yield | 5.53% | — | — | Top 32% |
| Earnings yield | -8.06% | — | — | Bottom 19% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -12.3%
- 200-day average slope (20 days)
- -9.4%
- Distance from 50-day average
- -29.8%
- Distance from 200-day average
- -43.5%
- RSI (14)
- 27.8
- Relative volume
- 0.71×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 70.0%
- Volatility vs own 5-year history
- 33th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.94
- Correlation with S&P 500
- 0.20
- Current drawdown from 1-year high
- -71.1%
- Maximum drawdown, 3 years
- -80.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 16, 2021 | May 2, 2023 | -97.4% | 451 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $249.4M
- EPS, diluted (TTM)
- -$0.08
- Revenue (TTM)
- $130.0M
- 52-week range
- $1.01 – $3.70
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $234.5M | $235.2M | $156.8M | $162.0M | $123.6M |
| Gross profit | $116.0M | $89.7M | $81.1M | $90.5M | $91.2M |
| Operating income | -$197.2M | -$746.2M | -$156.2M | -$49.6M | -$20.9M |
| Net income | -$171.3M | -$768.6M | -$185.3M | -$49.6M | -$8.1M |
| EPS (diluted) | -$0.74 | -$3.28 | -$0.76 | -$0.24 | -$0.10 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $45.2M | $41.4M | $26.8M | $31.5M | $32.9M | $32.4M | $30.8M | $33.8M |
| Net income | -$4.2M | -$2.3M | -$10.5M | -$6.6M | $12.5M | -$3.5M | -$8.0M | -$1.5M |
| EPS (diluted) | -$0.03 | -$0.03 | -$0.06 | -$0.04 | $0.03 | -$0.03 | -$0.05 | -$0.03 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$127.5M | -$190.4M | -$127.6M | -$13.0M | $11.5M |
| Capital expenditure | -$1.9M | -$2.1M | -$587,000 | -$9.8M | -$11.6M |
| Free cash flow | -$129.4M | -$192.5M | -$128.2M | -$22.9M | -$81,000 |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $366.8M | -$391,000 | $268,000 | $0 | -$23.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $44.9M
- Total assets
- $143.6M
- Total liabilities
- $48.8M
- Total debt
- $2.0M
- Net debt
- -$21.3M
- Shareholders’ equity
- $94.8M
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 11,984,060
- Days to cover
- 6.83
- Change vs previous report
- -2.8%
FINRA short interest, settlement date Sep 15, 2026.