Blend Labs, Inc.

NYSE:BLND Stock Report

Market Cap: US$1.2b

Blend Labs Management

Management criteria checks 1/4

Blend Labs' CEO is Nima Ghamsari, appointed in Apr 2012, has a tenure of 12.67 years. total yearly compensation is $7.35M, comprised of 5.5% salary and 94.5% bonuses, including company stock and options. directly owns 3.61% of the company’s shares, worth $41.62M. The average tenure of the management team and the board of directors is 1.9 years and 3.8 years respectively.

Key information

Nima Ghamsari

Chief executive officer

US$7.3m

Total compensation

CEO salary percentage5.5%
CEO tenure12.7yrs
CEO ownership3.6%
Management average tenure1.9yrs
Board average tenure3.8yrs

Recent management updates

Recent updates

There's Reason For Concern Over Blend Labs, Inc.'s (NYSE:BLND) Massive 36% Price Jump

Nov 09
There's Reason For Concern Over Blend Labs, Inc.'s (NYSE:BLND) Massive 36% Price Jump

Companies Like Blend Labs (NYSE:BLND) Can Afford To Invest In Growth

Sep 23
Companies Like Blend Labs (NYSE:BLND) Can Afford To Invest In Growth

Optimistic Investors Push Blend Labs, Inc. (NYSE:BLND) Shares Up 30% But Growth Is Lacking

Jul 29
Optimistic Investors Push Blend Labs, Inc. (NYSE:BLND) Shares Up 30% But Growth Is Lacking

Blend Labs' Turnaround: From Decline To Potential Stability In 2024? (Upgrade)

Jun 13

A Piece Of The Puzzle Missing From Blend Labs, Inc.'s (NYSE:BLND) 35% Share Price Climb

Mar 29
A Piece Of The Puzzle Missing From Blend Labs, Inc.'s (NYSE:BLND) 35% Share Price Climb

Blend Labs: Still Navigating A Challenging Housing Market

Mar 05

Is Blend Labs (NYSE:BLND) Using Debt Sensibly?

Feb 19
Is Blend Labs (NYSE:BLND) Using Debt Sensibly?

Blend Labs: Burning Cash And Diluting Shareholders

Dec 12

Blend Labs, Inc. (NYSE:BLND) Held Back By Insufficient Growth Even After Shares Climb 31%

Dec 09
Blend Labs, Inc. (NYSE:BLND) Held Back By Insufficient Growth Even After Shares Climb 31%

Blend Labs Focuses On Consumer Banking As Mortgage Industry Woes Continue (Rating Downgrade)

Nov 30

Blend Labs: Q2 2023 Could Be The Sign That Revenue Growth Is Turning Around

Sep 13

Blend Labs: A Long Way To Go

Jul 31

Time To Worry? Analysts Just Downgraded Their Blend Labs, Inc. (NYSE:BLND) Outlook

Mar 24
Time To Worry? Analysts Just Downgraded Their Blend Labs, Inc. (NYSE:BLND) Outlook

Blend: Providing A White Label Solution That Fits The Bill

Dec 15

Blend Labs: Not Worth Betting The House On

Nov 13

PNC Bank partners with Blend Labs to digitally optimize mortgage application process

Sep 27

Blend Labs Makes Tepid Cost Cutting Moves In Downturn

Aug 12

CEO Compensation Analysis

How has Nima Ghamsari's remuneration changed compared to Blend Labs's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$86m

Jun 30 2024n/an/a

-US$121m

Mar 31 2024n/an/a

-US$140m

Dec 31 2023US$7mUS$405k

-US$185m

Sep 30 2023n/an/a

-US$236m

Jun 30 2023n/an/a

-US$327m

Mar 31 2023n/an/a

-US$763m

Dec 31 2022US$325kUS$325k

-US$769m

Sep 30 2022n/an/a

-US$759m

Jun 30 2022n/an/a

-US$702m

Mar 31 2022n/an/a

-US$224m

Dec 31 2021US$85mUS$326k

-US$171m

Sep 30 2021n/an/a

-US$114m

Jun 30 2021n/an/a

-US$52m

Mar 31 2021n/an/a

-US$73m

Dec 31 2020US$325kUS$325k

-US$75m

Compensation vs Market: Nima's total compensation ($USD7.35M) is above average for companies of similar size in the US market ($USD3.22M).

Compensation vs Earnings: Nima's compensation has increased whilst the company is unprofitable.

CEO

Nima Ghamsari (38 yo)

12.7yrs

Tenure

US$7,345,385

Compensation

Mr. Nima Ghamsari is Co-Founder, Chairman, CEO & Head of Blend of Blend Labs, Inc. He joined the Blend Labs, Inc. on April 17, 2012. He was CEO & Co-Founder of Blend Labs, Inc. He is Advisor of 8VC. He has...

Leadership Team

NamePositionTenureCompensationOwnership
Nima Ghamsari
Co-Founder12.7yrsUS$7.35m3.61%
$ 41.6m
Amir Jafari
Head of Finance & Administration1.9yrsUS$5.18m0.32%
$ 3.6m
Winnie Ling
Head of Legal & People1.8yrsUS$1.53m0.14%
$ 1.6m
Rosco Hill
Co-Founder12.7yrsno datano data
Oxana Tkach
Controller & Principal Accounting Officer1.3yrsno data0.033%
$ 379.9k
Srinivasan Venkatramani
Head of Productno datano datano data
Bryan Michaleski
Investor Relations Leadno datano datano data
Aesha Shah
Head of Designno datano datano data
Naveen Ayyagari
Head of Engineering1.9yrsno datano data
Brian Kneafsey
Head of Revenueless than a yearno data0.37%
$ 4.3m

1.9yrs

Average Tenure

40yo

Average Age

Experienced Management: BLND's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Nima Ghamsari
Co-Founder12.6yrsUS$7.35m3.61%
$ 41.6m
Gerald Chen
Member of Advisory Board & Independent Director7.4yrsUS$309.40k0.015%
$ 169.9k
Brian Sheth
Independent Directorless than a yearno data0.051%
$ 585.1k
Timothy Mayopoulos
Director5.7yrsUS$263.17k0.13%
$ 1.5m
Jacob Lew
Chairman of Advisory Board6.3yrsno datano data
Bryan Sullivan
Independent Directorless than a yearno datano data
Erin Lantz
Independent Director1.9yrsUS$309.89k0.015%
$ 169.9k
Eric Woersching
Independent Directorless than a yearno datano data

3.8yrs

Average Tenure

48yo

Average Age

Experienced Board: BLND's board of directors are considered experienced (3.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 23:55
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Blend Labs, Inc. is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph VafiCanaccord Genuity
Michael NgGoldman Sachs
Aaron KimsonJMP Securities