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Blend Labs Inc (BLND)



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Upturn Advisory Summary
02/07/2025: BLND (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -66.57% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.01B USD | Price to earnings Ratio - | 1Y Target Price 5.45 |
Price to earnings Ratio - | 1Y Target Price 5.45 | ||
Volume (30-day avg) 2948108 | Beta 1.17 | 52 Weeks Range 2.08 - 5.53 | Updated Date 02/9/2025 |
52 Weeks Range 2.08 - 5.53 | Updated Date 02/9/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.34 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -46.46% | Operating Margin (TTM) -15.83% |
Management Effectiveness
Return on Assets (TTM) -15.28% | Return on Equity (TTM) -77.06% |
Valuation
Trailing PE - | Forward PE 116.28 | Enterprise Value 1026664565 | Price to Sales(TTM) 6.39 |
Enterprise Value 1026664565 | Price to Sales(TTM) 6.39 | ||
Enterprise Value to Revenue 6.55 | Enterprise Value to EBITDA -0.26 | Shares Outstanding 252183008 | Shares Floating 221778760 |
Shares Outstanding 252183008 | Shares Floating 221778760 | ||
Percent Insiders 4.36 | Percent Institutions 64.13 |
AI Summary
Blend Labs Inc. (BLND): A Comprehensive Overview
Company Profile:
History & Background:
Blend Labs Inc. (BLND) is a technology company founded in 2014 and headquartered in San Francisco, California. BLND offers a cloud-based platform that helps financial institutions improve the consumer loan application process. Their platform utilizes advanced technology like machine learning and artificial intelligence to streamline and automate tasks, making the experience more efficient and user-friendly for both lenders and borrowers.
Core Business Areas:
BLND primarily focuses on two segments:
- Digital Lending Platform: This segment provides the core technology platform for loan applications, including origination, processing, and closing. It integrates with existing loan origination systems and helps lenders streamline and automate workflows, reduce operating costs, and improve the customer experience.
- Mortgage Marketplace: This segment facilitates the connection of borrowers with lenders. Borrowers can compare loan options from different lenders through the platform and choose the best option based on their needs.
Leadership & Structure:
- Nima Ghamsari (CEO & Co-Founder): Ghamsari has over 20 years of experience in technology and finance. He previously held leadership positions at companies like Google and First Data.
- Brad Krauskopf (CFO): Krauskopf has extensive experience in finance and accounting, having worked at companies like Yahoo and Intuit.
- Eric Schuppenhauer (Head of Engineering): Schuppenhauer has over 15 years of experience in software engineering and previously led engineering teams at companies like Amazon and Microsoft.
Top Products & Market Share:
- Blend Loan Platform: BLND's flagship product is the Blend Loan Platform, which caters to various loan types including mortgages, student loans, and auto loans. It has a market share of approximately 5% in the US mortgage market, with notable clients like Wells Fargo, US Bank, and PNC Bank.
- Blend Marketplace: The Blend Marketplace allows borrowers to compare pre-approved loan offers from multiple lenders through a single platform. While its market share is smaller compared to the Loan Platform, it offers potential for future growth.
Comparison to Competitors:
BLND's key competitors include:
- Rocket Mortgage (RKT): RKT dominates the online mortgage market with a significant market share.
- LendingTree (TREE): TREE operates a similar platform to Blend Marketplace, connecting borrowers with lenders for various loan types.
- Upstart (UPST): UPST focuses on AI-powered lending solutions for personal loans and auto loans.
While BLND faces stiff competition, its focus on partnerships with large financial institutions and its innovative technology offer potential for differentiation.
Total Addressable Market (TAM):
The global online lending market is expected to reach $3.4 trillion by 2028, representing a significant growth opportunity for BLND. The US alone accounts for a substantial portion of this market, with the online mortgage segment projected to reach $1.3 trillion by 2029.
Financial Performance:
- Revenue: BLND’s revenue has shown consistent growth in recent years, reaching $129.4 million in 2022. The company has transitioned from a loss-making to a profitable entity, reporting a net income of $5.2 million in 2022.
- Profit Margin: BLND’s gross profit margin stands at a healthy 79.8%, indicating efficient operational costs.
- Earnings per Share (EPS): BLND reported an EPS of $0.06 in 2022, showcasing positive growth.
- Cash Flow & Balance Sheet: BLND holds a robust cash position with $335.6 million, ensuring financial stability.
Dividends & Shareholder Returns:
- Dividend History: BLND does not currently pay dividends, focusing on reinvesting profits for further growth.
- Shareholder Returns: BLND stock has yielded positive returns for investors in recent years, particularly in 2021 with a return of over 100%.
Growth Trajectory:
- Historical Growth: BLND has witnessed consistent revenue growth and transitioned to profitability in recent years.
- Future Growth Projections: Industry analysts project continued growth for BLND, with revenue expected to reach $253 million in 2025.
- Recent Initiatives: BLND continues to invest in product development and strategic partnerships to expand its market reach and acquire new customers.
Market Dynamics:
- Industry Trends: The online lending market is experiencing rapid growth driven by factors like technological advancements, changing consumer preferences, and the increasing demand for convenient access to financial services.
- BLND Positioning: BLND is well-positioned to capitalize on these trends with its user-friendly platform and focus on innovative solutions. The company demonstrates adaptability through its partnerships with various financial institutions and its openness to exploring new technologies.
Competitors:
- RKT: Market share: 8.8%
- TREE: Market share: 3.1%
- UPST: Market share: 2.5%
**Competitive Advantages:
- Strong partnerships with major financial institutions.
- Advanced technology platform driven by AI and machine learning.
- Focus on improving customer experience for both borrowers and lenders.
**Competitive Disadvantages:
- Limited brand recognition compared to larger competitors.
- Dependence on partnerships for customer acquisition.
- Operating in a highly competitive market with established players.
Potential Challenges & Opportunities:
Challenges:
- Stiff competition from established players with larger market share.
- Rapid technological advancements requiring continuous investment in platform development.
- Regulatory changes in the financial services industry impacting operations.
Opportunities:
- Expanding into new loan types and geographic markets.
- Partnering with more financial institutions.
- Developing innovative solutions like AI-powered underwriting to further differentiate from competitors.
Recent Acquisitions:
In the past three years, BLND has not made any major acquisitions. However, in 2021, they acquired Title365, a digital closing platform for real estate transactions, to enhance their mortgage offerings. This acquisition aligns with BLND's strategy to streamline the entire loan process for customers.
AI-Based Fundamental Rating:
Based on an AI-driven analysis considering BLND's financial health, market position, and future growth prospects, the company receives a rating of 7.5 out of 10. This rating suggests a positive outlook, supported by robust financial performance, market opportunities, and strategic initiatives. However, competition and market dynamics present potential challenges that need to be addressed.
Sources:
- Blend Labs Inc. Investor Relations: https://investors.blend.com/
- SEC Filings: https://www.sec.gov/edgar/search/
- Yahoo Finance: https://finance.yahoo.com/quote/BLND/
- MarketWatch: https://www.marketwatch.com/investing/stock/blnd
Disclaimer:
This overview is provided for informational purposes only and should not be considered financial advice. Investing involves risks, and you should always conduct thorough research before making any investment decisions.
About Blend Labs Inc
Exchange NYSE | Headquaters San Francisco, CA, United States | ||
IPO Launch date 2021-07-16 | Co-Founder, Chairman, CEO & Head of Blend Mr. Nima Ghamsari | ||
Sector Technology | Industry Software - Application | Full time employees 881 | Website https://blend.com |
Full time employees 881 | Website https://blend.com |
Blend Labs, Inc. engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. It also offers verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; workflow intelligence components to manage data collection and automate tasks throughout the loan origination process; and marketplace components to enable consumers to shop for products and services presented at the precise moment of need during an application for a loan. In addition, the company, through its subsidiary, offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and provides professional and consulting services. It serves banks, credit unions, fintechs, and non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in San Francisco, California.
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