BLND Stock Overview
Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$7.04|
|52 Week High||US$21.04|
|52 Week Low||US$6.45|
|1 Month Change||-6.51%|
|3 Month Change||-50.04%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-66.32%|
Recent News & Updates
After A 64% Decline, Blend Labs Is An Opportunistic Buy
Since 2019, the total amount of mortgages processed utilizing Blend Labs' platform grew to 13.5% from 4.5%. Blend serves 32 of the top 100 U.S. financial services firms and 28 of the top 100 non-bank mortgage lenders. Analyst estimates for Blend's 2021 revenue are estimated to be around $366 million. Blend trades at a price-to-sales (P/S) ratio of around 5. Lock-up period expiration ended on November 16, 2021. Down 64%, there is more upside than downside.
Blend Labs: High Growth Potential Despite Taking A Tumble
The company is a market disruptor, with currently no notable competitors which comes at a risk despite its first mover advantage. It currently serves only a small percentage of the market, showing that there is a lot of room for customer expansion. Blend has yet to become a profitable company and future valuation shows that the company will not be profitable in at least the next three years. In Q3 2021, it grew its year-over-year revenues by 221%, largely due to its acquisition of Title365. Going forward, though Blend may not be profitable, its unique position in its sector gives it the opportunity to establish itself as a leader.
|BLND||US Software||US Market|
Return vs Industry: Insufficient data to determine how BLND performed against the US Software industry.
Return vs Market: Insufficient data to determine how BLND performed against the US Market.
|BLND Average Weekly Movement||8.5%|
|Software Industry Average Movement||8.7%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: BLND is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: BLND's weekly volatility (8%) has been stable over the past year.
About the Company
Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. It serves banks, credit unions, fintechs, and non-bank mortgage lenders.
Blend Labs Fundamentals Summary
|BLND fundamental statistics|
Is BLND overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BLND income statement (TTM)|
|Cost of Revenue||US$81.25m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.50|
|Net Profit Margin||-62.03%|
How did BLND perform over the long term?See historical performance and comparison
Is Blend Labs undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BLND's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BLND's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BLND is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: BLND is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BLND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BLND is good value based on its PB Ratio (2x) compared to the US Software industry average (4.7x).
How is Blend Labs forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLND is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: BLND is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: BLND is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: BLND's revenue (15.3% per year) is forecast to grow faster than the US market (9.1% per year).
High Growth Revenue: BLND's revenue (15.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BLND is forecast to be unprofitable in 3 years.
How has Blend Labs performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: BLND is currently unprofitable.
Growing Profit Margin: BLND is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if BLND's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare BLND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BLND is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (20%).
Return on Equity
High ROE: BLND has a negative Return on Equity (-12.98%), as it is currently unprofitable.
How is Blend Labs's financial position?
Financial Position Analysis
Short Term Liabilities: BLND's short term assets ($661.7M) exceed its short term liabilities ($63.6M).
Long Term Liabilities: BLND's short term assets ($661.7M) exceed its long term liabilities ($239.4M).
Debt to Equity History and Analysis
Debt Level: BLND has more cash than its total debt.
Reducing Debt: Insufficient data to determine if BLND's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BLND has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: BLND has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 24.3% each year
What is Blend Labs's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BLND's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BLND's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BLND's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BLND's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BLND's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nima Ghamsari (35 yo)
Mr. Nima Ghamsari co-founded Blend Labs, Inc. on April 17, 2012 and serves as its Chief Executive Officer, Chairman and Head of Blend. He has been a Director of Blend Labs, Inc. since May 2012. Mr. Ghamsar...
CEO Compensation Analysis
Compensation vs Market: Nima's total compensation ($USD325.00K) is below average for companies of similar size in the US market ($USD3.74M).
Compensation vs Earnings: Insufficient data to compare Nima's compensation with company performance.
Experienced Management: BLND's management team is seasoned and experienced (6.5 years average tenure).
Experienced Board: BLND's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BLND insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: BLND only recently listed within the past 12 months.
Blend Labs, Inc.'s employee growth, exchange listings and data sources
- Name: Blend Labs, Inc.
- Ticker: BLND
- Exchange: NYSE
- Founded: 2012
- Industry: Application Software
- Sector: Software
- Implied Market Cap: US$1.619b
- Shares outstanding: 229.91m
- Website: https://blend.com
Number of Employees
- Blend Labs, Inc.
- 415 Kearny Street
- San Francisco
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/22 23:05|
|End of Day Share Price||2022/01/21 00:00|
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.