Blend Labs (BLND) Revenue & Revenue Breakdown


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Blend Labs Revenue Highlights


Latest Revenue (Y)

$156.85M

Latest Revenue (Q)

$40.48M

Main Segment (Y)

Software Platform

Blend Labs Revenue by Period


Blend Labs Revenue by Year

DateRevenueChange
2023-12-31$156.85M-33.31%
2022-12-31$235.20M0.30%
2021-12-31$234.50M144.19%
2020-12-31$96.03M89.51%
2019-12-31$50.67M-

Blend Labs generated $156.85M in revenue during NA 2023, up -33.31% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Blend Labs Revenue by Quarter

DateRevenueChange
2024-06-30$40.48M15.83%
2024-03-31$34.95M-3.20%
2023-12-31$36.10M-11.05%
2023-09-30$40.59M-5.19%
2023-06-30$42.81M14.67%
2023-03-31$37.34M-12.74%
2022-12-31$42.78M-22.71%
2022-09-30$55.35M-15.54%
2022-06-30$65.54M-8.37%
2022-03-31$71.52M-11.69%
2021-12-31$80.99M-9.58%
2021-09-30$89.57M179.36%
2021-06-30$32.06M0.59%
2021-03-31$31.88M4.07%
2020-12-31$30.63M9.87%
2020-09-30$27.88M27.18%
2020-06-30$21.92M40.49%
2020-03-31$15.60M-

Blend Labs generated $40.48M in revenue during Q2 2024, up 15.83% compared to the previous quarter, and up 108.42% compared to the same period a year ago.

Blend Labs Revenue Breakdown


Blend Labs Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Software Platform$101.20M--
Professional Services$8.35M$4.40M$4.18M
Mortgage Banking-$83.39M$108.26M
Emerging Business And Service--$23.12M

Blend Labs's latest annual revenue breakdown by segment (product or service), as of Dec 23: Software Platform (92.38%), and Professional Services (7.62%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21
Software$31.07M$21.74M$26.50M$28.11M---------
Professional Services$2.04M$2.10M$2.26M$2.14M$2.22M$1.73M$1.18M$865.00K$1.20M$1.12M$1.09M$1.19M$1.10M
Technology Service-----$22.97M$30.96M------
Mortgage Banking------$15.09M$19.92M$23.89M$24.48M$29.13M$27.32M-
Emerging Business And Service-------$15.27M$8.51M$7.19M$6.32M$6.57M-

Blend Labs's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Software (93.84%), and Professional Services (6.16%).

Blend Labs Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
QHQuhuo$3.70B-
FRSHFreshworks$596.43M$186.57M
BRZEBraze$471.80M$152.05M
PDPagerDuty$430.70M$118.95M
CWANClearwater Analytics$368.17M$115.83M
SEMRSemrush$307.68M$97.41M
WALDWaldencast$218.14M$68.30M
VTEXVTEX$201.52M$52.65M
ENFNEnfusion$174.53M$51.17M
ONTFON24$163.71M$37.35M
BLNDBlend Labs$156.85M$40.48M
EXFYExpensify$150.69M$35.41M
LAWCS Disco$138.09M$36.27M
HKITHitek Global$4.56M$1.62M
TROOTROOPS$3.57M$867.50K

BLND Revenue FAQ


What is Blend Labs’s yearly revenue?

Blend Labs's yearly revenue for 2023 was $156.85M, representing a decrease of -33.31% compared to 2022. The company's yearly revenue for 2022 was $235.2M, representing an increase of 0.30% compared to 2021. BLND's yearly revenue for 2021 was $234.5M, representing an increase of 144.19% compared to 2020.

What is Blend Labs’s quarterly revenue?

Blend Labs's quarterly revenue for Q2 2024 was $40.48M, a 15.83% increase from the previous quarter (Q1 2024), and a -5.45% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $34.95M, a -3.20% decrease from the previous quarter (Q4 2023), and a -6.40% decrease year-over-year (Q1 2023). BLND's quarterly revenue for Q4 2023 was $36.1M, a -11.05% decrease from the previous quarter (Q3 2023), and a -15.62% decrease year-over-year (Q4 2022).

What is Blend Labs’s revenue growth rate?

Blend Labs's revenue growth rate for the last 3 years (2021-2023) was -33.11%, and for the last 5 years (2019-2023) was 209.54%.

What are Blend Labs’s revenue streams?

Blend Labs's revenue streams in c 23 are Software Platform, and Professional Services. Software Platform generated $101.2M in revenue, accounting 92.38% of the company's total revenue Professional Services generated $8.34M in revenue, accounting 7.62% of the company's total revenue, up 89.83% year-over-year.

What is Blend Labs’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Blend Labs was Software Platform. This segment made a revenue of $101.2M, representing 92.38% of the company's total revenue.