Blend Labs (BLND) Cash Flow: Operating & Free Cash Flow

Blend Labs Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Blend Labs, Inc. (BLND) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	-6.98	-43.42	-179.88	-763.81	-169.14	-169.14	-74.62	-81.45
Depreciation & Amortization	3.82	1.34	1.52	14.42	13.81	10.61	6.35	4.76
Deferred Income Tax	0.00	0.00	0.00	0.00	-39.31	-39.31	0.00	0.00
Stock Based Compensation	28.96	27.94	45.56	109.70	70.84	70.84	10.12	9.89
Change in Working Capital	-1.16	1.89	-4.25	-4.48	-13.07	-13.07	-11.23	4.06
Change in Accounts Receivable	5.76	4.77	0.77	12.29	-5.84	-5.84	-12.17	0.30
Change in Accounts Payable	0.21	-0.29	1.22	-4.90	1.56	1.56	0.29	2.58
Change in Other Working Capital	1.31	-4.07	-4.39	-11.87	-8.79	-8.83	-0.58	1.17
Other Operating Activities	1.31	-3.27	7.47	453.76	9.36	-26.74	0.72	3.80
Net Cash from Operating Activities	11.51	-13.04	-127.62	-190.42	-127.50	-127.50	-65.01	-58.94
Investing Activities
Capital Expenditures	-11.59	-9.74	-0.04	-2.07	-1.89	-1.89	-1.32	-0.62
Acquisitions	0.00	9.08	0.00	0.00	-400.01	-400.01	0.00	0.00
Purchases of Investments	-39.49	-107.03	-238.58	-145.54	-354.08	-357.08	-6.60	-150.74
Sales/Maturities of Investments	69.81	153.48	366.47	247.04	125.08	125.08	167.37	85.85
Other Investing Activities	-0.20	-0.28	-2.50	0.00	-3.00	-3.00	0.00	-0.04
Net Cash from Investing Activities	18.54	45.40	127.31	99.43	-633.91	-633.91	-7.92	-65.51
Financing Activities
Debt Repayment	0.00	-144.50	-85.06	0.00	221.67	-	0.00	4.99
Common Stock Issued	1.65	1.66	0.27	0.00	366.81	392.03	14.51	0.00
Common Stock Repurchased	-24.87	-18.12	-6.17	-0.39	0.00	-	0.00	0.00
Other Financing Activities	-9.37	-9.48	-6.17	2.61	345.10	2.88	90.76	127.68
Net Cash from Financing Activities	-32.59	-21.06	-90.96	2.22	933.57	933.57	90.76	132.67
Summary
Effect of Forex Changes on Cash	-1.15	0.00	-0.03	-0.12	-0.01	-0.01	0.00	0.00
Net Change in Cash	-2.54	11.28	-91.30	-88.88	172.15	172.15	17.83	8.21
Cash at Beginning of Period	49.54	38.25	129.56	218.44	46.29	46.29	28.46	20.25
Cash at End of Period	47.00	49.54	38.25	129.56	218.44	218.44	46.29	28.46
Free Cash Flow	-0.08	-22.79	-127.66	-192.49	-129.39	-129.39	-66.34	-59.56
Supplemental Disclosures
Interest Paid	-	6.15	27.81	25.06	-	6.43	-	-
Income Taxes Paid	-	0.08	0.11	0.28	-	0.88	0.03	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Blend Labs Cash Flow

What is Blend Labs's free cash flow?

Blend Labs had negative free cash flow of $81.00K in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $11.51M minus $11.59M of capital expenditures.

How much does Blend Labs spend on capital expenditures?

Blend Labs spent $11.59M on capital expenditures in fiscal 2025, compared with $9.74M a year earlier. That equals 100.7% of operating cash flow.

Does Blend Labs pay dividends or buy back shares?

Yes. In fiscal 2025 Blend Labs returned $24.87M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition