Blend Labs (BLND) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $156.85M | -33.31% |
| 2022-12-31 | $235.20M | 0.30% |
| 2021-12-31 | $234.50M | 144.19% |
| 2020-12-31 | $96.03M | 89.51% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $40.48M | 15.83% |
| 2024-03-31 | $34.95M | -3.20% |
| 2023-12-31 | $36.10M | -11.05% |
| 2023-09-30 | $40.59M | -5.19% |
| 2023-06-30 | $42.81M | 14.67% |
| 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 | $89.57M | 179.36% |
| 2021-06-30 | $32.06M | 0.59% |
| 2021-03-31 | $31.88M | 4.07% |
| 2020-12-31 | $30.63M | 9.87% |
| 2020-09-30 | $27.88M | 27.18% |
| 2020-06-30 | $21.92M | 40.49% |
| 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/Service | Dec 23 | Dec 22 | Dec 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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Software | $21.74M | $26.50M | $28.11M | - | - | - | - | - | - | - | - | - |
| Professional Services | $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 Mar 24: Software (91.17%), and Professional Services (8.83%).
Blend Labs Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| QH | Quhuo | $3.70B | - |
| FRSH | Freshworks | $596.43M | $174.13M |
| BRZE | Braze | $471.80M | $145.50M |
| PD | PagerDuty | $430.70M | $115.94M |
| CWAN | Clearwater Analytics | $368.17M | $106.79M |
| SEMR | Semrush | $307.68M | $90.95M |
| WALD | Waldencast | $218.14M | $68.30M |
| VTEX | VTEX | $201.52M | $52.65M |
| ENFN | Enfusion | $174.53M | $49.45M |
| ONTF | ON24 | $163.71M | $37.35M |
| BLND | Blend Labs | $156.85M | $40.48M |
| EXFY | Expensify | $150.69M | $33.29M |
| LAW | CS Disco | $138.09M | $36.01M |
| HKIT | Hitek Global | $4.56M | $1.62M |
| TROO | TROOPS | $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.