Blend Labs, Inc. is classed by the SEC under Services-Computer Programming, Data Processing, Etc. (industry code 7370), based in Novato, CA. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $124 million and a loss of $26 million (its filed statements).
Subscription businessServices-Computer Programming, Data Processing, Etc.Novato, CAfilings since 20218 of 9 filed, 1 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a subscription business: prior from its industry code (SEC 7370, Services-Computer Programming, Data Processing, Etc.); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 4.6 out of ten, 8 of 9 metrics filed and 1 estimated: past 3.4 out of ten, present 3.9 out of ten, future 5.9 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 2.5 out of ten. 2 warning events since 2021; the latest 2023-05-04. 25th percentile among 79 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 3.4 out of ten. +16% a year over 7 filed years; profitable in 0 of 7. 34th percentile among 70 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 3.9 out of ten. CrossAssetData estimate 3.9/10, confidence 35 of 100 (one part). 39th percentile among 74 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Financial health (present): 4.7 out of ten. Leverage 118%: owes 118¢ per asset dollar. 47th percentile among 74 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 2.9 out of ten. bottom 29% of 73 in its family; net margin -5.5%. 29th percentile among 73 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 3.9 out of ten. bottom 39% of 34 in its family for leadership. 39th percentile among 34 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 6.6 out of ten. top 34% of 71 in its family for room to expand. 66th percentile among 71 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 3.8 out of ten. bottom 38% of 70 in its family for growth drivers. 38th percentile among 70 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 8.4 out of ten. top 16% of 65 in its family for expectations against reality. 84th percentile among 65 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-03-16 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-06 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-06 (on EDGAR). Newest filing: Form 4, 2026-10-07. Filings on record since 2021. Read from EDGAR 2026-10-12.
Where the revenue comes from
Product and service lines in fiscal 2025: Mortgage Suite 56%, Consumer Banking Suite 37%, Professional Services 7%. As tagged in its annual report (Form 10-K, filed 2026-03-16).
Who runs it
Mayopoulos, Timothy J (President); Ghamsari, Nima (HEAD OF BLEND); Rivas, Lina (Principal Accounting Officer); Venkatramani, Srinivasan (Head of Product Tech & Cust Op); Ling, Winnie (HEAD OF LEGAL AND PEOPLE); Ream, Jason (Head of Finance and Admin.); Thomson, Matthew Christopher (Head of Revenue); Tkach, Oxana (PRINCIPAL ACCOUNTING OFFICER); Kneafsey, Brian (Head of Revenue); Haveli, Brooks Aggregator, L.p. (director); and 10 more. 20 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-07.
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