Blend Labs Quarterly Balance Sheets Chart
Quarterly
|
Annual
Blend Labs Quarterly Balance Sheets Table
Quarterly
|
Annual
| Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| assets | ||||||||||||||||
| current assets: | ||||||||||||||||
| cash and cash equivalents | 36,499,000 | 56,244,000 | 42,243,000 | 55,041,000 | 45,450,000 | 84,521,000 | 30,962,000 | 84,555,000 | 34,980,000 | 46,195,000 | 114,380,000 | 132,683,000 | 167,666,000 | 213,082,000 | 276,063,000 | 369,726,000 |
| marketable securities and other investments | 51,801,000 | 48,574,000 | 56,233,000 | 61,744,000 | 67,153,000 | 43,504,000 | 105,960,000 | 160,406,000 | ||||||||
| trade and other receivables, net of allowance for credit losses of 99 and 50, respectively | 14,962,000 | |||||||||||||||
| prepaid expenses and other current assets | 17,128,000 | 15,916,000 | 19,329,000 | 13,722,000 | 10,315,000 | 13,321,000 | 14,569,000 | 18,645,000 | 22,423,000 | 23,405,000 | 25,445,000 | 21,938,000 | 27,825,000 | 31,713,000 | 37,264,000 | 27,062,000 |
| current assets held for sale from discontinued operations | 6,440,000 | 8,518,000 | ||||||||||||||
| total current assets | 126,830,000 | 139,944,000 | 135,170,000 | 146,401,000 | 142,520,000 | 159,525,000 | 169,836,000 | 283,189,000 | 309,370,000 | 350,156,000 | 453,760,000 | 503,279,000 | 560,826,000 | 613,018,000 | 661,704,000 | 517,406,000 |
| property and equipment | 21,179,000 | 16,993,000 | 12,321,000 | 9,723,000 | 7,617,000 | 5,984,000 | 3,945,000 | 4,451,000 | 4,973,000 | 5,408,000 | 6,037,000 | 6,239,000 | 5,895,000 | 6,155,000 | 8,412,000 | 8,596,000 |
| operating lease right-of-use assets | 1,780,000 | 262,000 | 1,469,000 | 1,715,000 | 7,516,000 | 8,358,000 | 8,565,000 | 9,411,000 | 10,246,000 | 11,055,000 | 13,005,000 | 13,394,000 | 14,245,000 | 14,713,000 | 13,908,000 | 15,070,000 |
| intangible assets | 73,000 | 77,000 | 2,081,000 | 2,085,000 | 2,099,000 | 2,103,000 | 2,108,000 | 2,114,000 | 2,119,000 | 2,123,000 | 2,131,000 | 13,136,000 | 168,935,000 | 173,008,000 | 189,785,000 | 194,175,000 |
| deferred contract costs | 3,399,000 | 3,221,000 | 2,868,000 | 2,063,000 | 2,020,000 | 2,197,000 | 2,453,000 | 2,233,000 | 2,467,000 | 1,474,000 | 1,956,000 | 2,657,000 | 3,326,000 | 4,178,000 | 3,303,000 | 3,939,000 |
| other non-current assets | 25,938,000 | 21,930,000 | 24,103,000 | 16,848,000 | 16,344,000 | 16,299,000 | 11,867,000 | 9,662,000 | 9,006,000 | 9,868,000 | 10,521,000 | 8,129,000 | 8,617,000 | 8,828,000 | 8,530,000 | 14,196,000 |
| non-current assets held for sale from discontinued operations | 3,873,000 | 5,839,000 | ||||||||||||||
| total assets | 183,072,000 | 188,266,000 | 178,012,000 | 186,129,000 | 185,410,000 | 201,760,000 | 206,065,000 | 318,354,000 | 350,496,000 | 385,442,000 | 492,768,000 | 599,324,000 | 1,054,430,000 | 1,112,486,000 | 1,178,226,000 | 1,043,537,000 |
| liabilities, redeemable equity and stockholders’ equity | ||||||||||||||||
| current liabilities: | ||||||||||||||||
| accounts payable | 1,201,000 | 2,666,000 | 2,417,000 | 1,863,000 | 1,084,000 | 1,898,000 | 2,170,000 | 2,121,000 | 3,149,000 | 1,932,000 | 2,550,000 | 3,302,000 | 2,116,000 | 6,160,000 | 6,809,000 | 6,273,000 |
| deferred revenue | 32,746,000 | 33,266,000 | 19,240,000 | 19,857,000 | 20,832,000 | 21,540,000 | 8,984,000 | 10,056,000 | 11,970,000 | 13,046,000 | 9,959,000 | 12,046,000 | 14,172,000 | 8,068,000 | 10,028,000 | 11,478,000 |
| accrued compensation | 2,854,000 | 3,901,000 | 3,976,000 | 6,046,000 | 3,225,000 | 5,186,000 | 5,562,000 | 9,867,000 | 4,741,000 | 11,035,000 | 13,753,000 | 9,576,000 | 13,489,000 | 18,140,000 | 13,397,000 | 13,819,000 |
| other current liabilities | 10,152,000 | 11,467,000 | 13,316,000 | 17,478,000 | 16,383,000 | 13,935,000 | 14,858,000 | 14,768,000 | 15,016,000 | 13,906,000 | 17,829,000 | 23,065,000 | 24,264,000 | 27,662,000 | 33,385,000 | 29,693,000 |
| current liabilities held for sale from discontinued operations | 5,790,000 | 6,793,000 | ||||||||||||||
| total current liabilities | 52,743,000 | 58,093,000 | 38,949,000 | 45,244,000 | 41,524,000 | 42,559,000 | 31,574,000 | 36,812,000 | 34,876,000 | 39,919,000 | 44,091,000 | 47,989,000 | 54,041,000 | 60,030,000 | 63,619,000 | 256,840,000 |
| other non-current liabilities | 1,795,000 | 291,000 | 580,000 | 1,292,000 | 1,571,000 | 2,056,000 | 2,228,000 | 3,356,000 | 3,515,000 | 4,407,000 | 5,584,000 | 6,006,000 | 8,127,000 | 13,415,000 | 12,615,000 | |
| non-current liabilities held for sale from discontinued operations | 858,000 | 903,000 | ||||||||||||||
| total liabilities | 55,396,000 | 59,287,000 | 40,330,000 | 47,491,000 | 48,267,000 | 189,867,000 | 179,118,000 | 267,308,000 | 265,867,000 | 272,068,000 | 277,720,000 | 281,882,000 | 290,379,000 | 301,895,000 | 302,985,000 | 510,818,000 |
| commitments and contingencies | ||||||||||||||||
| redeemable noncontrolling interest - held for sale from discontinued operations | ||||||||||||||||
| series a redeemable convertible preferred stock, par value 0.00001 per share: 200,000 shares authorized as of june 30, 2025 and december 31, 2024, 150 shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively | 150,241,000 | |||||||||||||||
| stockholders’ equity: | ||||||||||||||||
| class a, class b and class c common stock, par value 0.00001 per share: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized as of june 30, 2025 and december 31, 2024; 260,051 (class a 256,424, class b 3,627, class c 0) and 258,173 (class a 254,426, class b 3,747, class c 0) shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively | 2,000 | |||||||||||||||
| additional paid-in capital | 1,377,769,000 | 1,376,752,000 | 1,328,015,000 | 1,333,781,000 | 1,335,928,000 | 1,326,187,000 | 1,321,944,000 | 1,318,037,000 | 1,311,539,000 | 1,299,603,000 | 1,260,092,000 | 1,238,476,000 | 1,244,466,000 | 1,218,213,000 | 1,199,914,000 | 77,661,000 |
| accumulated other comprehensive loss | 514,000 | 565,000 | 602,000 | 765,000 | 304,000 | 346,000 | -402,000 | -689,000 | 95,000 | -2,160,000 | -3,050,000 | -2,625,000 | -808,000 | -88,000 | ||
| accumulated deficit | -1,400,850,000 | -1,394,205,000 | -1,384,975,000 | -1,384,150,000 | -1,381,705,000 | -1,362,298,000 | -1,341,630,000 | -1,311,345,000 | -1,269,585,000 | -1,228,354,000 | -1,082,368,000 | -956,240,000 | -514,869,000 | -442,765,000 | -371,078,000 | -294,153,000 |
| total stockholders’ equity | -22,565,000 | -16,886,000 | -56,356,000 | -49,602,000 | -45,471,000 | -35,763,000 | -19,243,000 | 6,292,000 | 41,267,000 | 71,346,000 | 175,566,000 | 279,188,000 | 726,974,000 | 774,642,000 | 828,750,000 | 486,453,000 |
| total liabilities, redeemable equity and stockholders’ equity | 183,072,000 | 188,266,000 | 178,012,000 | 186,129,000 | 185,410,000 | |||||||||||
| trade and other receivables, net of allowance for credit losses of 102 and 50, respectively | 10,692,000 | |||||||||||||||
| series a redeemable convertible preferred stock, par value 0.00001 per share: 200,000 shares authorized as of march 31, 2025 and december 31, 2024, 150 shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively | 145,865,000 | |||||||||||||||
| class a, class b and class c common stock, par value 0.00001 per share: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized as of march 31, 2025 and december 31, 2024; 258,825 (class a 255,078, class b 3,747, class c 0) and 258,173 (class a 254,426, class b 3,747, class c 0) shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively | 2,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 80 and 149, respectively | 17,365,000 | |||||||||||||||
| operating lease liabilities, non-current | 801,000 | 955,000 | 5,172,000 | 6,398,000 | 6,982,000 | 8,135,000 | 9,236,000 | 10,236,000 | 12,090,000 | 12,654,000 | 13,684,000 | 14,607,000 | 13,589,000 | 14,555,000 | ||
| debt, non-current | 138,854,000 | 138,334,000 | 219,005,000 | 218,240,000 | 217,506,000 | 215,955,000 | 215,233,000 | 214,527,000 | 213,843,000 | 213,162,000 | ||||||
| redeemable noncontrolling interest | 52,375,000 | 50,747,000 | 49,169,000 | 47,656,000 | 46,190,000 | 44,754,000 | 43,362,000 | 42,028,000 | 39,482,000 | 38,254,000 | 37,077,000 | 35,949,000 | 46,491,000 | 46,266,000 | ||
| series a redeemable convertible preferred stock, par value 0.00001 per share: 200,000 shares authorized as of december 31, 2024 and 2023, 150 and 0 shares issued and outstanding as of december 31, 2024 and 2023, respectively | 141,663,000 | |||||||||||||||
| class a, class b and class c common stock, par value 0.00001 per share: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized as of december 31, 2024 and 2023; 258,173 (class a 254,426, class b 3,747, class c 0) and 249,910 (class a 240,262, class b 9,648, class c 0) shares issued and outstanding as of december 31, 2024 and 2023, respectively | 2,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 76 and 149, respectively | 15,894,000 | |||||||||||||||
| restricted cash, non-current | 7,294,000 | 7,294,000 | 7,294,000 | 7,291,000 | 7,294,000 | 12,315,000 | 5,358,000 | 5,358,000 | 5,358,000 | 5,358,000 | 5,358,000 | 5,607,000 | 5,357,000 | |||
| series a redeemable convertible preferred stock, par value 0.00001 per share: 200,000 shares authorized as of september 30, 2024 and december 31, 2023, 150 and 0 shares issued and outstanding as of september 30, 2024 and december 31, 2023, respectively | 137,493,000 | |||||||||||||||
| class a, class b and class c common stock, par value 0.00001 per share: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized as of september 30, 2024 and december 31, 2023; 255,881 (class a 252,134, class b 3,747, class c 0) and 249,910 (class a 240,262, class b 9,648, class c 0) shares issued and outstanding as of september 30, 2024 and december 31, 2023, respectively | 2,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 91 and 149, respectively | 19,602,000 | |||||||||||||||
| series a redeemable convertible preferred stock, par value 0.00001 per share: 200,000 shares authorized, 150 and 0 shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively | 133,445,000 | |||||||||||||||
| class a, class b and class c common stock, par value 0.00001 per share: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized; 254,207 (class a 248,985, class b 5,222, class c 0) and 249,910 (class a 240,262, class b 9,648, class c 0) shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively | 2,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 128 and 149, respectively | 18,179,000 | |||||||||||||||
| liabilities, redeemable noncontrolling interest and stockholders’ equity | ||||||||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of march 31, 2024 and december 31, 2023 | ||||||||||||||||
| class a, class b and class c common stock, 0.00001 par value: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized; 252,319 (class a 242,769, class b 9,550, class c 0) and 249,910 (class a 240,262, class b 9,648, class c 0) shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively | 2,000 | |||||||||||||||
| total liabilities, redeemable noncontrolling interest and stockholders’ equity | 201,760,000 | 206,065,000 | 318,354,000 | 350,496,000 | 385,442,000 | 492,768,000 | 599,324,000 | 1,054,430,000 | 1,112,486,000 | 1,178,226,000 | 1,043,537,000 | |||||
| trade and other receivables, net of allowance for credit losses of 149 and 436, respectively | 18,345,000 | |||||||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of december 31, 2023; no shares authorized, issued and outstanding as of december 31, 2022 | ||||||||||||||||
| class a, class b and class c common stock, 0.00001 par value: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized as of december 31, 2023; 249,910 (class a 240,262, class b 9,648, class c 0) and 240,931 (class a 230,210, class b 10,721, class c 0) shares issued and outstanding as of december 31, 2023 and december 31, 2022, respectively | 2,000 | |||||||||||||||
| accumulated other comprehensive gain | 441,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 198 and 436, respectively | 19,583,000 | |||||||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of september 30, 2023 and december 31, 2022 | ||||||||||||||||
| class a, class b and class c common stock, 0.00001 par value: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized; 247,946 (class a 238,045, class b 9,901, class c 0) and 240,931 (class a 230,210, class b 10,721, class c 0) shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively | 2,000 | |||||||||||||||
| marketable securities | 230,618,000 | 260,662,000 | 286,397,000 | 317,812,000 | 331,714,000 | 334,147,000 | 317,491,000 | 83,959,000 | ||||||||
| trade and other receivables, net of allowance for credit losses of 171 and 436, respectively | 21,349,000 | |||||||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of june 30, 2023 and december 31, 2022 | ||||||||||||||||
| class a, class b and class c common stock, 0.00001 par value: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized; 245,775 (class a 235,606, class b 10,169, class c 0) and 240,931 (class a 230,210, class b 10,721, class c 0) shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively | 2,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 296 and 436, respectively | 19,894,000 | |||||||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of march 31, 2023 and december 31, 2022 | ||||||||||||||||
| class a, class b and class c common stock, 0.00001 par value: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized; 243,607 (class a 233,056, class b 10,551, class c 0) and 240,931 (class a 230,210, class b 10,721, class c 0) shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively | 2,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 670 and 1,371, respectively | 27,538,000 | |||||||||||||||
| goodwill | 47,132,000 | 287,228,000 | 287,228,000 | 286,977,000 | 284,798,000 | |||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of september 30, 2022 and december 31, 2021 | ||||||||||||||||
| class a, class b and class c common stock, 0.00001 par value: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized; 237,577 (class a 224,944, class b 12,633, class c 0) and 230,324 (class a 217,691, class b 12,633, class c 0) shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively | 2,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 1,376 and 1,371, respectively | 30,846,000 | |||||||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of june 30, 2022 and december 31, 2021 | ||||||||||||||||
| class a, class b and class c common stock, 0.00001 par value: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized; 234,795 (class a 222,162, class b 12,633, class c 0) and 230,324 (class a 217,691, class b 12,633, class c 0) shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively | 2,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 1,669 and 1,371, respectively | 33,621,000 | |||||||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of march 31, 2022 and december 31, 2021 | ||||||||||||||||
| class a, class b and class c common stock, 0.00001 par value: 3,000,000 (class a 1,800,000, class b 600,000, class c 600,000) shares authorized; 232,400 (class a 219,767, class b 12,633, class c 0) and 230,324 (class a 217,691, class b 12,633, class c 0) shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively | 2,000 | |||||||||||||||
| trade and other receivables, net of allowance for credit losses of 1,371 and 0, respectively | 34,076,000 | |||||||||||||||
| restricted cash | ||||||||||||||||
| founders convertible preferred stock and convertible preferred stock, 0.00001 par value: no shares authorized, issued and outstanding as of december 31, 2021; 128,123 | ||||||||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of december 31, 2021; no shares authorized, issued and outstanding as of december 31, 2020. | ||||||||||||||||
| class a, class, b and class c common stock, 0.00001 par value: 3,000,000 | 2,000 | 2,000 | ||||||||||||||
| trade and other receivables | 30,886,000 | 36,659,000 | ||||||||||||||
| founders convertible preferred stock and convertible preferred stock, 0.00001 par value: no shares authorized, issued and outstanding as of september 30, 2021; 128,123 | ||||||||||||||||
| preferred stock, 0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of september 30, 2021; no shares authorized, issued and outstanding as of december 31, 2020. | ||||||||||||||||
| acquisition consideration payable | 195,577,000 | |||||||||||||||
| other long-term liabilities | 14,423,000 | |||||||||||||||
| acquisition consideration expected to be funded from long-term debt proceeds | 225,000,000 | |||||||||||||||
| founders convertible preferred stock, 0.00001 par value: 1,026,008 shares authorized as of june 30, 2021 and december 31, 2020; 691,666 and 1,026,007 shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively | ||||||||||||||||
| convertible preferred stock, 0.00001 par value: 149,566,300 and 127,097,070 shares authorized as of june 30, 2021 and december 31, 2020, respectively; 146,180,902 and 121,352,684 shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively; aggregate liquidation preference of 710,477 and 387,841 as of june 30, 2021 and december 31, 2020, respectively | 702,940,000 | |||||||||||||||
| class a common stock | ||||||||||||||||
| class b common stock | 1,000 | |||||||||||||||
| accumulated other comprehensive income | 4,000 |
We provide you with 20 years of balance sheets for Blend Labs stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as asset and liabilities, payables and receivables, long debts and short debts, cash and inventories, expenses and profits. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Blend Labs. Explore the full financial landscape of Blend Labs stock with our expertly curated balance sheets.
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