Stock Ratings / Technology / BLND / financials

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Blend Labs Inc. (Class A) (BLND) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$1.16 0.00% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot)

Blend Labs Inc. (Class A) (BLND) carries a Roarable Rating of D+ (Sell) with 58/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $274.4M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

RQD QUANT TACHOMETERSELL / AVOID • D+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+0% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BLND)Realized 20D OHLCV Swing Band: ±12.5%

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How BLND Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$11.5M (9.3% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $109.5M

FY24

Rev $115.8M

FY25

Rev $123.6M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$123.6M	73.8%	-17.6%	-$6.8M	$11.5M	-45%
FY 2024	$115.8M	71.9%	-42.2%	-$43.3M	-$13.0M	-45%
FY 2023	$109.5M	73.8%	-80%	-$178.7M	-$127.6M	-35%

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BLND)

✓Walkthrough of BLND's RQD Radar, SEC cash-conversion gap & downside invalidation levels
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BLND // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -20.55%📐 HORIZONTAL RANGE

2026-10-30O $1.16H $1.16L $1.08C $1.16VOL 1.64M

RES: $2.39SUP: $0.78SMA50: $1.22SMA200: $1.62

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BLND Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BLND Butterfly Map → + Track BLND →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on BLND today. View full Setup Ledger →

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No direct multi-tier Butterfly edges indexed yet for BLND. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

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DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BLND)

Technology Rank #282 of 714 ⚔️ ZIP vs BLND Full Matrix →

1. Head-to-Head Technology Peer Comparison (BLND vs. ZIP, DSC, HUYA, SANG)

Industry: Computer Software: Programming Data Processing (72 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, Blend Labs Inc. (Class A) (BLND) ranks #282 by composite RQD confidence (58/100, grade D+) and #452 by equity capitalization ($274.4M). Within this direct 5-issuer industry benchmark cohort, BLND leads on earnings valuation at N/A trailing P/E, while HUYA leads on capital efficiency and profitability with -3.0% ROIC and 13.4% gross margin. DSC currently holds the highest overall quantitative score in the immediate peer group at 62/100 (C) compared with BLND at 58/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
BLND ACTIVE Blend Labs Inc. (Class A)	D+	58/100	—	73.8%	-35.0%	0.00%	$274.4M	Benchmark Subject
ZIP ZipRecruiter Inc. (Class A)	D	51/100	—	89.2%	-5.5%	+2.78%	$364.3M	/zip-vs-blnd →
DSC DSC Holdings Ltd.	C	62/100	—	—	—	+4.53%	$184.8M	/dsc-vs-blnd →
HUYA HUYA Inc. each representing one Class A ordinary share	E	34/100	—	13.4%	-3.0%	-1.42%	$475.0M	/huya-vs-blnd →
SANG Sangoma Technologies Corporation	C-	60/100	—	—	—	+1.07%	$157.9M	/sang-vs-blnd →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001855747

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Blend Labs Inc. (Class A) (BLND) reported GAAP revenue of $123.6M (+6.8% vs. FY2024 revenue of $115.8M , and +12.8% cumulative change since FY2023) , GAAP net income of -$6.8M, operating cash flow of $11.5M, and free cash flow of $11.5M (+188.3% YoY). On the balance sheet, BLND closed FY2025 with $170.0M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$123.6M	-$6.8M	$11.5M	$11.5M	$170.0M	—
FY2024 (FY)	2024-12-31	$115.8M	-$43.3M	-$13.0M	-$13.0M	$178.1M	—
FY2023 (FY)	2023-12-31	$109.5M	-$178.7M	-$127.6M	-$127.6M	—	—

3. BLND Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BLND stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Blend Labs Inc. (Class A) (NYSE: BLND) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 58/100 at a spot price of $1.16 (0.00% 1D, market cap $274.4M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 11/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 9/20. Across 714 tracked Technology issuers, BLND ranks #282 in composite RQD confidence.

How does BLND compare to ZIP and DSC in the Technology sector?

Within the Technology sector (Computer Software: Programming Data Processing), BLND carries a Roarable D+ (58/100 RQD), trailing P/E of N/A, gross margin of 73.8%, and ROIC of -35.0%. By comparison, ZIP (ZipRecruiter Inc. (Class A)) holds a D grade (51/100 RQD, P/E N/A, ROIC -5.5%, cap $364.3M) and DSC (DSC Holdings Ltd.) posts a C grade (62/100 RQD, P/E N/A, ROIC —, cap $184.8M). Among the 5-stock peer group, BLND leads on earnings multiple (N/A) while HUYA leads on capital efficiency (-3.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for BLND?

Per BLND's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001855747), Blend Labs Inc. (Class A) generated $123.6M in revenue (+6.8% YoY), -$6.8M in net income, and $11.5M in free cash flow against $170.0M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is BLND trading relative to its 50-day, 200-day, and 52-week technical levels?

BLND last traded at $1.16 (0.00% on volume of 1,180,781 shares), positioning the stock -4.92% below its 50-day simple moving average ($1.22) and -28.40% below its 200-day simple moving average ($1.62). Across its 52-week range of $0.88 to $3.44, BLND sits at the 10.9% percentile with a 14-day RSI of 49.9 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.02 to $1.30).