Stocktoria
Blend Labs, Inc. BLND
NYSE · XNYS · stock · Services-Computer Programming, Data Processing, Etc. · website · IPO 2021-07-16
Chart by TradingView
6/9
Piotroski F — financial health
-25.99
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $123.6M | $115.8M | $109.5M | $235.2M | $234.5M |
| Gross profit | $91.2M | $83.2M | $76.5M | $89.7M | $116.0M |
| Operating income | -$21.7M | -$48.8M | -$143.6M | -$746.2M | -$197.2M |
| Net income | -$6.8M | -$43.3M | -$178.7M | -$720.2M | -$169.9M |
| Operating cash flow | $14.4M | -$8.2M | -$116.8M | -$190.4M | -$127.5M |
| Free cash flow | — | — | — | — | -$129.2M |
| Total assets | $170.0M | $178.1M | $206.1M | $432.8M | $1.1B |
| Total liabilities | $41.0M | $40.4M | $179.1M | $268.8M | $301.9M |
| Shareholders' equity | -$30.5M | -$56.4M | -$19.2M | $123.2M | $774.6M |
| Ratios | |||||
| Gross margin | 73.8% | 71.9% | 69.8% | 38.1% | 49.5% |
| Operating margin | -17.6% | -42.2% | -131.1% | -317.3% | -84.1% |
| Net margin | -5.5% | -37.4% | -163.1% | -306.2% | -72.5% |
| FCF margin | — | — | — | — | -55.1% |
| Return on assets | -4.0% | -24.3% | -86.7% | -166.4% | -15.3% |
| Return on equity | 22.3% | 76.9% | 928.6% | -584.7% | -21.9% |
| Debt / equity | -0.00× | -0.00× | -7.19× | 1.76× | 0.28× |
| Current ratio | 2.53 | 3.47 | 5.38 | 11.17 | 10.21 |
| Revenue growth | 6.8% | 5.7% | -53.4% | 0.3% | 144.2% |
Why these scores methodology →
Piotroski F-score: 6/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -25.99 (distress)
- Working capital / assets 0.355
- Retained earnings / assets -8.185
- EBIT / assets -0.128
- Equity / liabilities -0.743
Sector peers
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Source: SEC EDGAR filings · CIK 0001855747 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.