Blend Labs Inc (BLND) - Net Assets
Based on the latest financial reports, Blend Labs Inc (BLND) has net assets worth $-55.91 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($161.26 Million) and total liabilities ($217.17 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Blend Labs Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-55.91 Million |
| % of Total Assets | -34.67% |
| Annual Growth Rate | N/A |
| 5-Year Change | -103.77% |
| 10-Year Change | N/A |
| Growth Volatility | 189.8 |
Blend Labs Inc - Net Assets Trend (2019–2025)
This chart illustrates how Blend Labs Inc's net assets have evolved over time, based on quarterly financial data. See how many days can Blend Labs Inc fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Blend Labs Inc (2019–2025)
The table below shows the annual net assets of Blend Labs Inc from 2019 to 2025. For live valuation and market cap data, see BLND market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-30.55 Million | -667.45% |
| 2024-12-31 | $-3.98 Million | -114.77% |
| 2023-12-31 | $26.95 Million | -83.56% |
| 2022-12-31 | $163.92 Million | -79.78% |
| 2021-12-31 | $810.59 Million | +396.27% |
| 2020-12-31 | $163.34 Million | +21.02% |
| 2019-12-31 | $134.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blend Labs Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 119362000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | % |
| Other Comprehensive Income | $597.00K | % |
| Other Components | $1.36 Billion | % |
| Total Equity | $-30.55 Million | 100.00% |
Blend Labs Inc Competitors by Market Cap
The table below lists competitors of Blend Labs Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Top Bright Holding Co Ltd
TW:8499
|
$394.27 Million |
|
Qingdao Daneng Environmental Protection Equipment Co Ltd
SHG:688501
|
$394.28 Million |
|
One Stop Systems Inc
NASDAQ:OSS
|
$394.32 Million |
|
Gulf Keystone Petroleum Ltd
LSE:GKP
|
$394.44 Million |
|
Santana Minerals Ltd
AU:SMI
|
$394.08 Million |
|
Shihlin Paper Corp
TW:1903
|
$394.07 Million |
|
Doright Co.Ltd.
SHE:300950
|
$393.90 Million |
|
North American Construction Group Ltd
TO:NOA
|
$393.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blend Labs Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -56,356,000 to -30,552,000, a change of 25,804,000.
- Net loss of 8,055,000 reduced equity.
- Share repurchases of 24,870,000 reduced equity.
- Other comprehensive income decreased equity by 5,000.
- Other factors increased equity by 58,734,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.05 Million | -26.36% |
| Share Repurchases | $24.87 Million | -81.4% |
| Other Comprehensive Income | $-5.00K | -0.02% |
| Other Changes | $58.73 Million | +192.24% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Blend Labs Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.61 | $1.65 | x |
| 2020-12-31 | $0.74 | $1.65 | x |
| 2021-12-31 | $3.36 | $1.65 | x |
| 2022-12-31 | $0.53 | $1.65 | x |
| 2023-12-31 | $-0.08 | $1.65 | x |
| 2024-12-31 | $-0.22 | $1.65 | x |
| 2025-12-31 | $-0.12 | $1.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blend Labs Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.52%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-107.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -60.35% | -160.75% | 0.31x | 1.20x | $-94.95 Million |
| 2020 | -45.68% | -77.70% | 0.45x | 1.32x | $-90.95 Million |
| 2021 | -22.12% | -73.07% | 0.21x | 1.44x | $-248.81 Million |
| 2022 | -624.01% | -326.79% | 0.54x | 3.51x | $-780.93 Million |
| 2023 | 0.00% | -118.15% | 0.76x | 0.00x | $-183.40 Million |
| 2024 | 0.00% | -30.62% | 0.91x | 0.00x | $-43.97 Million |
| 2025 | 0.00% | -6.52% | 0.73x | 0.00x | $-5.00 Million |
Industry Comparison
This section compares Blend Labs Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $2,131,819,470
- Average return on equity (ROE) among peers: 1.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blend Labs Inc (BLND) | $-55.91 Million | -60.35% | N/A | $394.12 Million |
| Adobe Systems Incorporated (ADBE) | $13.26 Billion | 39.66% | 0.83x | $78.88 Billion |
| ADEIA CORP (ADEA) | $541.36 Million | 31.49% | 0.07x | $3.40 Billion |
| Automatic Data Processing Inc (ADP) | $2.10 Billion | 18.83% | 0.53x | $87.31 Billion |
| Autodesk Inc (ADSK) | $569.21 Million | 5.60% | 0.55x | $41.09 Billion |
| AudioEye Inc (AEYE) | $4.80 Million | -64.05% | 5.71x | $71.03 Million |
| Agilysys Inc (AGYS) | $100.62 Million | -13.08% | 0.63x | $2.01 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $10.70 Million | 0.00% | 0.35x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-2.11 Million | 0.00% | 0.00x | $19.47 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.98 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $4.74 Billion | -7.28% | 1.27x | $297.57 Million |
About Blend Labs Inc
Blend Labs, Inc. provides a cloud-based software platform for financial services firms in the United States, India, and Mexico. The company offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, rapid home lending, personal loans, credit cards, and deposit accounts; and a suite of add-on products that offers to e… Read more