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Blend Labs, Inc. cash flow statement

In fiscal 2025, Blend Labs, Inc.'s operations generated $11.5m of cash; it spent $11.6m on capital projects, leaving free cash flow of −$81,000. It returned $24.9m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations−59−65−128−190−128−131213
Depreciation and amortisation5411112134
Stock-based pay10107111046282929
Capital spending1122010126
Free cash flow−60−66−129−192−128−23−08
Free cash flow after stock pay−69−76−200−302−173−51−29−21
Share buybacks000—002558

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Blend Labs, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Blend Labs, Inc.