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BLND

Blend LabsNYSE:BLND Stock Report

Last Price

US$7.04

Market Cap

US$1.6b

7D

-0.4%

1Y

n/a

Updated

22 Jan, 2022

Data

Company Financials +
BLND fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BLND Stock Overview

Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Blend Labs
Historical stock prices
Current Share PriceUS$7.04
52 Week HighUS$21.04
52 Week LowUS$6.45
Beta0
1 Month Change-6.51%
3 Month Change-50.04%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-66.32%

Recent News & Updates

Jan 02

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.

Dec 06

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.

Shareholder Returns

BLNDUS SoftwareUS Market
7D-0.4%-5.5%-6.1%
1Yn/a6.1%4.2%

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.

Price Volatility

Is BLND's price volatile compared to industry and market?
BLND volatility
BLND Average Weekly Movement8.5%
Software Industry Average Movement8.7%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
2012577Nima Ghamsarihttps://blend.com

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

How do Blend Labs's earnings and revenue compare to its market cap?
BLND fundamental statistics
Market CapUS$1.62b
Earnings (TTM)-US$114.21m
Revenue (TTM)US$184.13m

8.8x

P/S Ratio

-14.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLND income statement (TTM)
RevenueUS$184.13m
Cost of RevenueUS$81.25m
Gross ProfitUS$102.89m
ExpensesUS$217.10m
Earnings-US$114.21m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.50
Gross Margin55.88%
Net Profit Margin-62.03%
Debt/Equity Ratio24.4%

How did BLND perform over the long term?

See historical performance and comparison

Valuation

Is Blend Labs undervalued compared to its fair value and its price relative to the market?

1.95x

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).


Future Growth

How is Blend Labs forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-29.4%

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.


Past Performance

How has Blend Labs performed over the past 5 years?

-49.6%

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.


Financial Health

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.


Balance Sheet


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


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average management tenure


CEO

Nima Ghamsari (35 yo)

9.75yrs

Tenure

US$325,000

Compensation

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.


Leadership Team

Experienced Management: BLND's management team is seasoned and experienced (6.5 years average tenure).


Board Members

Experienced Board: BLND's board of directors are considered experienced (3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: BLND only recently listed within the past 12 months.


Top Shareholders

Company Information

Blend Labs, Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Blend Labs, Inc.
  • 415 Kearny Street
  • San Francisco
  • California
  • 94108
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 23:05
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.