Blend Labs Inc
NYSE:BLND
Income Statement
Earnings Waterfall
Blend Labs Inc
Revenue
|
156.8m
USD
|
Cost of Revenue
|
-75.7m
USD
|
Gross Profit
|
81.1m
USD
|
Operating Expenses
|
-212.4m
USD
|
Operating Income
|
-131.3m
USD
|
Other Expenses
|
-54m
USD
|
Net Income
|
-185.3m
USD
|
Income Statement
Blend Labs Inc
Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||
Revenue |
96
N/A
|
112
+17%
|
122
+9%
|
184
+50%
|
235
+27%
|
274
+17%
|
308
+12%
|
273
-11%
|
235
-14%
|
201
-15%
|
178
-11%
|
164
-8%
|
157
-4%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(34)
|
(38)
|
(41)
|
(81)
|
(119)
|
(150)
|
(178)
|
(163)
|
(146)
|
(124)
|
(103)
|
(88)
|
(76)
|
|
Gross Profit |
62
N/A
|
75
+21%
|
81
+9%
|
103
+27%
|
116
+13%
|
124
+7%
|
129
+4%
|
110
-15%
|
90
-19%
|
77
-15%
|
75
-2%
|
76
+1%
|
81
+7%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(137)
|
(154)
|
(179)
|
(256)
|
(313)
|
(364)
|
(403)
|
(379)
|
(371)
|
(337)
|
(296)
|
(258)
|
(212)
|
|
Selling, General & Administrative |
(82)
|
(93)
|
(112)
|
(173)
|
(213)
|
(241)
|
(262)
|
(233)
|
(224)
|
(203)
|
(180)
|
(158)
|
(131)
|
|
Research & Development |
(56)
|
(61)
|
(67)
|
(79)
|
(92)
|
(110)
|
(125)
|
(134)
|
(138)
|
(129)
|
(116)
|
(100)
|
(82)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(4)
|
(8)
|
(12)
|
(16)
|
(12)
|
(8)
|
(4)
|
(0)
|
0
|
0
|
|
Operating Income |
(75)
N/A
|
(79)
-5%
|
(98)
-24%
|
(153)
-56%
|
(197)
-29%
|
(240)
-22%
|
(273)
-14%
|
(269)
+2%
|
(281)
-5%
|
(260)
+7%
|
(221)
+15%
|
(182)
+18%
|
(131)
+28%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
(6)
|
(11)
|
(17)
|
(23)
|
(23)
|
(25)
|
(27)
|
(29)
|
(31)
|
(31)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
(398)
|
(462)
|
(465)
|
(478)
|
(82)
|
(27)
|
(25)
|
|
Total Other Income |
1
|
1
|
0
|
0
|
1
|
0
|
0
|
3
|
5
|
8
|
11
|
10
|
7
|
|
Pre-Tax Income |
(75)
N/A
|
(79)
-6%
|
(98)
-24%
|
(159)
-62%
|
(208)
-31%
|
(256)
-23%
|
(694)
-171%
|
(751)
-8%
|
(766)
-2%
|
(757)
+1%
|
(321)
+58%
|
(230)
+28%
|
(180)
+22%
|
|
Net Income | ||||||||||||||
Tax Provision |
0
|
(0)
|
45
|
45
|
39
|
42
|
(4)
|
(3)
|
2
|
(1)
|
(1)
|
(1)
|
(0)
|
|
Income from Continuing Operations |
(75)
|
(79)
|
(52)
|
(114)
|
(169)
|
(214)
|
(697)
|
(754)
|
(764)
|
(758)
|
(322)
|
(231)
|
(180)
|
|
Income to Minority Interest |
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
|
Net Income (Common) |
(75)
N/A
|
(73)
+2%
|
(52)
+28%
|
(114)
-118%
|
(171)
-50%
|
(224)
-31%
|
(702)
-214%
|
(759)
-8%
|
(769)
-1%
|
(763)
+1%
|
(327)
+57%
|
(236)
+28%
|
(185)
+22%
|
|
EPS (Diluted) |
-0.34
N/A
|
-0.32
+6%
|
-0.23
+28%
|
-0.57
-148%
|
-0.75
-32%
|
-0.97
-29%
|
-3.01
-210%
|
-3.22
-7%
|
-3.28
-2%
|
-3.15
+4%
|
-1.33
+58%
|
-0.95
+29%
|
-0.76
+20%
|