at blend, we’re dedicated to improving consumer lending. we partner with banks and lenders to power frictionless, compliant, and more accessible lending— starting with mortgages. we’re motivated by the fact that our product won’t just affect the lives of a few people in the bay area— it affects people all over america. founded in 2012 by a group of former palantir engineers, blend raised $100m from greylock and emergence capital in the summer of 2017. we've just moved into new offices in sf and ny, we're growing quickly, and we're going to need some help -- reach out at hello@blend.com.
Company profile
Ticker
BLND
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Blend Brokerage, Inc. • Blend Title Insurance Agency, Inc. • Blend Insurance Agency, Inc. • Blend Operations, Inc. • Blend Insights, Inc. • Blend Title of Utah, LLC • Title365 Holding Co. • T365 Company LLC • Title365 Company • Title365 Signings Inc. ...
IRS number
455211045
BLND stock data
Latest filings (excl ownership)
8-K/A
Blend Announces Fourth Quarter and Full Year 2023 Financial Results
15 Mar 24
S-8
Registration of securities for employees
14 Mar 24
10-K
2023 FY
Annual report
14 Mar 24
8-K
Blend Announces Fourth Quarter and Full Year 2023 Financial Results
14 Mar 24
8-K
Entry into a Material Definitive Agreement
28 Nov 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Blend Announces Third Quarter 2023 Financial Results
7 Nov 23
8-K
Regulation FD Disclosure
25 Sep 23
8-K
Departure of Directors or Certain Officers
25 Aug 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
Transcripts
BLND
Earnings call transcript
2023 Q4
14 Mar 24
BLND
Earnings call transcript
2023 Q3
7 Nov 23
BLND
Earnings call transcript
2023 Q2
9 Aug 23
BLND
Earnings call transcript
2023 Q1
9 May 23
BLND
Earnings call transcript
2022 Q4
16 Mar 23
BLND
Earnings call transcript
2022 Q3
13 Nov 22
BLND
Earnings call transcript
2022 Q2
16 Aug 22
BLND
Earnings call transcript
2022 Q1
13 May 22
BLND
Earnings call transcript
2021 Q4
1 Apr 22
BLND
Earnings call transcript
2021 Q3
11 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 91.85 mm | 91.85 mm | 91.85 mm | 91.85 mm | 91.85 mm | 91.85 mm |
Cash burn (monthly) | (no burn) | 2.32 mm | 13.93 mm | 19.19 mm | 8.63 mm | 12.86 mm |
Cash used (since last report) | n/a | 15.42 mm | 92.39 mm | 127.33 mm | 57.25 mm | 85.29 mm |
Cash remaining | n/a | 76.43 mm | -542.82 k | -35.48 mm | 34.60 mm | 6.56 mm |
Runway (months of cash) | n/a | 32.9 | -0.0 | -1.8 | 4.0 | 0.5 |
Institutional ownership, Q3 2023
66.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 87 |
Opened positions | 11 |
Closed positions | 20 |
Increased positions | 13 |
Reduced positions | 29 |
13F shares | Current |
---|---|
Total value | 147.89 bn |
Total shares | 162.22 mm |
Total puts | 33.20 k |
Total calls | 2.70 k |
Total put/call ratio | 12.3 |
Largest owners | Shares | Value |
---|---|---|
General Atlantic | 19.13 mm | $26.21 bn |
Formation8 Partners Fund I | 16.22 mm | $0.00 |
Mhatre Ravi | 14.82 mm | $0.00 |
Lightspeed Venture Partners IX | 14.82 mm | $0.00 |
Lightspeed Ultimate General Partner IX | 14.82 mm | $20.30 bn |
EdgePoint Investment | 12.30 mm | $16.85 bn |
Temasek | 11.88 mm | $16.27 bn |
Greylock 15 GP | 10.03 mm | $13.75 bn |
Vanguard | 9.14 mm | $12.52 bn |
8VC Co-Invest Fund I | 8.32 mm | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Apr 24 | Amir Jafari | Class A Common Stock | Buy | Acquire P | No | Yes | 2.6477 | 6,265 | 16.59 k | 402,716 |
22 Mar 24 | Nima Ghamsari | Class A Common Stock | Sell | Dispose S | No | Yes | 2.9901 | 81,700 | 244.29 k | 34,774 |
20 Mar 24 | Winnie Ling | Class A Common Stock | Payment of exercise | Dispose F | No | No | 3.25 | 2,028 | 6.59 k | 208,531 |
20 Mar 24 | Winnie Ling | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 5,625 | 0.00 | 210,559 |
20 Mar 24 | Winnie Ling | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 5,625 | 0.00 | 11,250 |
20 Mar 24 | Oxana Tkach | Class A Common Stock | Payment of exercise | Dispose F | No | No | 3.25 | 2,215 | 7.20 k | 71,496 |
20 Mar 24 | Oxana Tkach | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 6,142 | 0.00 | 73,711 |
20 Mar 24 | Oxana Tkach | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 6,142 | 0.00 | 12,285 |
13 Mar 24 | Amir Jafari | Class A Common Stock | Buy | Acquire P | No | Yes | 3 | 5,555 | 16.67 k | 396,451 |
News
Nauticus Robotics And 2 Other Stocks Under $3 Insiders Are Buying
16 Apr 24
Blend Selected By Michigan Schools And Government Credit Union To Enhance Digital Lending Experience
16 Apr 24
Michigan Schools And Government Credit Union Selects Blend To Evolve its Digital Lending Experience
16 Apr 24
12 Information Technology Stocks Moving In Wednesday's After-Market Session
20 Mar 24
Canaccord Genuity Maintains Hold on Blend Labs, Raises Price Target to $3
19 Mar 24