← Blend Labs, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and Cash Equivalents, at Carrying Value | $41.1m | $213.1m | $124.2m | $31.0m | $42.2m | $56.2m | |
| Prepaid Expense and Other Assets, Current | $19.3m | $31.7m | $19.2m | $14.6m | $19.3m | $15.4m | |
| Short-term Investments | — | — | — | $106.0m | $56.2m | $48.6m | |
| Assets, Current | $186.1m | $613.0m | $396.1m | $169.8m | $135.2m | $139.5m | |
| Property, Plant and Equipment, Net | $4.6m | $6.2m | $5.7m | $3.9m | $12.3m | $16.7m | |
| Goodwill | $0 | $287.2m | $0 | — | — | — | |
| Intangible Assets, Net (Excluding Goodwill) | $1.2m | $173.0m | $2.1m | $2.1m | $2.1m | $77k | |
| Operating Lease, Right-of-Use Asset | $12.7m | $14.7m | $11.7m | $8.6m | $1.5m | $262k | |
| Other Assets, Noncurrent | $676k | $8.8m | $10.1m | $11.9m | $24.1m | $21.9m | |
| Additional Financial Items | |||||||
| Accrued Liabilities, Current | $2.5m | $5.8m | $3.1m | $2.6m | $4.9m | — | |
| Assets | $215.7m | $1.1b | $432.8m | $206.1m | $178.0m | $187.5m | |
| LIABILITIES AND EQUITY | |||||||
| Current liabilities: | |||||||
| Operating Lease, Liability, Current | $2.6m | $3.9m | $4.1m | $4.4m | $3.0m | — | |
| Accounts Payable, Current | $3.4m | $6.2m | $1.3m | $2.2m | $2.4m | $2.7m | |
| Operating Lease, Liability, Noncurrent | $14.0m | $14.6m | $11.1m | $7.0m | $801k | — | |
| Liabilities, Current | $35.0m | $60.0m | $35.5m | $31.6m | $38.9m | $57.6m | |
| Deferred Income Tax Liabilities, Net | $0 | $2.9m | $0 | — | — | — | |
| Other Liabilities, Noncurrent | $3.4m | $13.4m | $5.5m | $2.2m | $580k | $291k | |
| Long Term Debt | $0 | $213.8m | $216.8m | $138.3m | $0 | — | |
| Deferred Tax Liabilities, Net | $0 | $2.9m | $0 | — | — | — | |
| Liabilities | $52.4m | $301.9m | $268.8m | $179.1m | $40.3m | $58.8m | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | $0 | $35.9m | $40.7m | $46.2m | $52.4m | $0 | |
| Stockholders’ equity: | |||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $141.7m | $159.5m | |
| Common Stock, Value, Issued | $1k | $2k | $2k | $2k | $2k | $2k | |
| Additional Paid in Capital | $51.0m | $1.2b | $1.3b | $1.3b | $1.3b | $1.4b | |
| Retained Earnings (Accumulated Deficit) | ($272.9m) | ($442.8m) | ($1.2b) | ($1.3b) | ($1.4b) | ($1.4b) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($5k) | ($808k) | ($708k) | $441k | $602k | $565k | |
| Stockholders' Equity Attributable to Parent | $163.3m | $774.6m | $123.2m | ($19.2m) | ($56.4m) | ($17.2m) | |
| Liabilities and Equity | $215.7m | $1.1b | $432.8m | $206.1m | $178.0m | $187.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.