Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $50.7M | $96.0M | $234M | $235M | $110M | $116M | $124M |
| Revenue growth | — | 89.5% | 144.2% | 0.3% | -53.4% | 5.7% | 6.8% |
| Gross profit | $31.1M | $61.7M | $116M | $89.7M | $76.5M | $83.2M | $91.2M |
| Gross margin | 61.4% | 64.3% | 49.5% | 38.1% | 69.8% | 71.9% | 73.8% |
| Operating income | -$81.7M | -$75.3M | -$197M | -$746M | -$144M | -$48.8M | -$21.7M |
| Operating margin | -161.3% | -78.4% | -84.1% | -317.3% | -131.1% | -42.2% | -17.6% |
| Net income | -$81.5M | -$74.6M | -$170M | -$720M | -$179M | -$43.3M | -$6.80M |
| Net margin | -160.7% | -77.7% | -72.5% | -306.2% | -163.1% | -37.4% | -5.5% |
| EPS (diluted) | -$2.49 | -$1.89 | -$1.30 | -$3.28 | -$0.76 | -$0.24 | -$0.10 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$58.9M | -$65.0M | -$128M | -$190M | -$128M | -$13.0M | $11.5M |
| Capital expenditures | $580K | $1.32M | $1.89M | $2.07M | $35.0K | $9.74M | $11.6M |
| Free cash flow | -$59.5M | -$66.3M | -$129M | -$192M | -$128M | -$22.8M | -$81.0K |
| Share buybacks | — | — | — | — | $0.00 | $0.00 | $24.9M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $28.5M | $46.3M | $218M | $130M | $28.5M | $43.0M | $43.6M |
| Total assets | — | $216M | $1.11B | $433M | $206M | $178M | $187M |
| Total liabilities | — | $52.4M | $302M | $269M | $179M | $40.4M | $58.8M |
| Long-term debt | — | $0.00 | $214M | $217M | $138M | $0.00 | $0.00 |
| Shareholders' equity | $135M | $163M | $775M | $123M | -$19.2M | -$56.4M | -$17.2M |
| Retained earnings | — | -$273M | -$443M | -$1.16B | -$1.34B | -$1.38B | -$1.39B |
| Shares (wtd avg diluted) | 32.8M | 39.4M | 132M | 234M | 245M | 254M | 259M |
Every figure is extracted from Blend Labs, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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