Blend Labs Inc. (BLND) reported Q4 2025 results with total revenue of $32.4 million, a decline of 21.8% year-over-year. Gross profit came in at $24.5 million, down 17.5% versus the prior year, while cost of sales was $7.9 million, a 52.7% decrease year-over-year.
On the cash flow and balance sheet side, cash from operating activities was $1.5 million, down 133.5% year-over-year, and purchases of property, plant and equipment totaled -$1.6 million (down 26.0% YoY). Cash and cash equivalents stood at $43.6 million, up 14.7% year-over-year, against total liabilities of $41.1 million, up 1.7% YoY.
Analyst consensus expected revenue of $32.4 million and an EPS estimate of $0.0075. Following the release, the stock price was down 1.69% since market close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Blend Labs Inc. Insider Trading Activity
Blend Labs Inc. insiders have traded $BLND stock on the open market 22 times in the past 6 months. Of those trades, 13 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $BLND stock by insiders over the last 6 months:
- INVESTMENTS, L.P. HAVELI has made 13 purchases buying 7,171,954 shares for an estimated $21,797,513 and 0 sales.
- BRIAN KNEAFSEY (Head of Revenue) has made 0 purchases and 5 sales selling 125,000 shares for an estimated $420,215.
- WINNIE LING (HEAD OF LEGAL AND PEOPLE) has made 0 purchases and 3 sales selling 14,500 shares for an estimated $56,256.
- OXANA TKACH (PRINCIPAL ACCOUNTING OFFICER) sold 2,500 shares for an estimated $7,725
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Blend Labs Inc. Hedge Fund Activity
We have seen 77 institutional investors add shares of Blend Labs Inc. stock to their portfolio, and 144 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- J. GOLDMAN & CO LP removed 4,602,102 shares (-86.1%) from their portfolio in Q4 2025, for an estimated $13,990,390
- GOODNOW INVESTMENT GROUP, LLC removed 3,189,018 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $9,694,614
- IRENIC CAPITAL MANAGEMENT LP added 3,114,949 shares (+inf%) to their portfolio in Q4 2025, for an estimated $9,469,444
- MIRABELLA FINANCIAL SERVICES LLP removed 2,643,777 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $8,037,082
- NEXT CENTURY GROWTH INVESTORS LLC removed 1,765,108 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $5,365,928
- PARK WEST ASSET MANAGEMENT LLC removed 1,700,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $5,168,000
- POTRERO CAPITAL RESEARCH LLC added 1,661,123 shares (+inf%) to their portfolio in Q4 2025, for an estimated $5,049,813
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Blend Labs Inc. Analyst Ratings
Wall Street analysts have issued reports on $BLND in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Canaccord Genuity issued a "Buy" rating on 10/28/2025
To track analyst ratings and price targets for Blend Labs Inc., check out Quiver Quantitative's $BLND forecast page.
Blend Labs Inc. Price Targets
Multiple analysts have issued price targets for $BLND recently. We have seen 2 analysts offer price targets for $BLND in the last 6 months, with a median target of $4.125.
Here are some recent targets:
- Karl Keirstead from UBS set a target price of $3.0 on 11/10/2025
- Joseph Vafi from Canaccord Genuity set a target price of $5.25 on 10/28/2025
