BLND · Blend Labs, Inc.
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Customer relationships added or expanded | 14 | Q2 2026 | — |
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| Free cash flow non-GAAP | 14.26M | Six Months Ended June 30 | — |
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| Free cash flow margin non-GAAP | 22% | Six Months Ended June 30 | — |
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| Non-GAAP gross margin non-GAAP | 79% | Six Months Ended June 30 | — |
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| Non-GAAP Gross Profit non-GAAP | 51.24M | Six Months Ended June 30 | — |
GAAP → non-GAAP reconciliationGAAP GAAP Gross Profit 48.25M
+268K Stock-based compensation
+2.72M Amortization of capitalized internal-use software
= Non-GAAP Gross Profit 51.24M
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| Non-GAAP income from operations non-GAAP | 11.07M | Six Months Ended June 30 | — |
| Non-GAAP net income from continuing operations non-GAAP | 11.48M | Six Months Ended June 30 | — |
| Non-GAAP operating expenses non-GAAP | 40.18M | Six Months Ended June 30 | — |
| Non-GAAP operating income non-GAAP | $7M | Q2 2026 | — |
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| Non-GAAP operating margin non-GAAP | 17% | Six Months Ended June 30 | — |
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| Non-GAAP Professional services Gross Profit non-GAAP | 2.03M | Six Months Ended June 30 | — |
| Non-GAAP Software platform Gross Profit non-GAAP | 49.21M | Six Months Ended June 30 | — |
| Share repurchase amount | $18.2M | Q2 2026 | — |
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| Share repurchase authorization remaining | $13.2M | Q2 2026 | — |
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| Shares repurchased | 11M | Q2 2026 | — |
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| Repurchased shares | 5.1M | fourth quarter | — |
| Unlevered free cash flow non-GAAP | 2.81M | Twelve Months Ended December 31, 2025 | — |
GAAP → non-GAAP reconciliationGAAP Free cash flow 2.81M
+0K Cash paid for interest
= Unlevered free cash flow 2.81M
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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BLND
this stock
Blend Labs, Inc.
|
$363.05M | -49.3% | +6.8% | — | 5.1% |
|
SAP
Sap SE
|
$244.32B | -8.9% | — | — | 0.7% |
|
SHOP
Shopify Inc.
|
$193.37B | -4.1% | +30.1% | 100.9 | 1.2% |
|
CRM
Salesforce, Inc.
|
$169.23B | -4.9% | +25.9% | 18.8 | 3.2% |
|
UBER
Uber Technologies, Inc
|
$160.32B | -5.8% | +18.3% | — | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BLND | +5.5% | -12.0% | -6.7% | -13.5% | -49.3% |
| SPY | +1.1% | +4.0% | +14.7% | +3.2% | +13.1% |
| vs SPY | +4.4% | -16.0% | -21.4% | -16.7% | -62.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.