BLEND LABS INC CLASS A (BLND)
Information Technology · Digital lending and mortgage origination software · NYSE
Blend Labs builds cloud-based software that automates end-to-end digital lending and banking experiences for financial institutions, earning transaction-based revenue from the mortgages, auto loans, credit cards, and deposit accounts it helps originate.
What BLEND LABS INC CLASS A does
Blend Labs is a cloud-based software platform company that powers the end-to-end digital consumer journey for financial services firms across mortgage origination, home equity, auto lending, personal loans, credit cards, and deposit account opening. The company operates on a SaaS model with transaction-based and fixed-fee pricing, enabling financial institutions to deliver streamlined, personalized lending and banking experiences while leveraging an extensive ecosystem of technology, data, and service providers. In 2025, Blend's platform processed nearly $1.3 trillion in loan applications for banks, credit unions, independent mortgage banks, and mortgage servicers across the United States.
Themes: ["Digital mortgage origination","Financial services software platform","Consumer banking digital transformation","Loan origination automation","SaaS lending technology"]
Fundamentals
- Price$1.71 as of 2026-07-09 close
- Market cap$414M as of 2026-07-10
- 1-year return-48.9% as of 2026-07-09 close
- Net margin-8.1% as of 2026-07-10
- Gross margin+74.9% as of 2026-07-10
- ROE-8.2% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)-17.1% as of 2026-07-10
- Revenue CAGR (3y)-19.3% SEC XBRL
- Beta1.12 as of 2026-07-10
Key risks (from latest filing)
["Revenue heavily dependent on mortgage origination transaction volumes, which are heavily influenced by Federal Reserve policy, interest rates, and macroeconomic conditions beyond the company's control","Negative revenue growth (-17.06% YoY) and unprofitability (-8.11% net margin) indicate business contraction and ongoing losses","Cyclical mortgage market exposure creates material volatility in financial performance; first quarter 2026 showed decreased mortgage transactions due to seasonal and economic pressures"]
Competitors & peers
- Black Knight (BKX)
- Ellie Mae (acquired by Thoma Bravo)
- Fiserv (FISV)
- FIS (Fidelity National Information Services)
- Salesforce Financial Services Cloud
- Q2 Holdings (QTWO)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.