BLND Snapshot del titolo Prezzo, capitalizzazione di mercato, P/E, EPS, ROE, debito/capitale proprio, intervallo 52 settimane

03

Prezzo $1.03

Capitalizzazione di Mercato (MRQ) $244M

P/E (TTM) -11.4

EPS (TTM) $-0.09

Ricavi (TTM) $129M

ROE (TTM) 8.8%

Intervallo 52 sett. $1–$4

BLND Grafico del prezzo delle azioni OHLCV giornaliero con indicatori tecnici — panoramica, zoom e personalizza la tua visualizzazione

04

intervallo

barre

La granularità delle barre si adatta al periodo selezionato — passa il mouse sul grafico per vedere apertura/massimo/minimo/chiusura di una barra.

Performance decennale Andamento di ricavi, utile netto, margini e EPS

06

Ricavi$124M

2019-12-31 → 2025-12-31

EPS$-0.10

2019-12-31 → 2025-12-31

Flusso di cassa libero$-81.0K

2021-12-31 → 2025-12-31

Margine netto-3.3%

2021-12-31 → 2025-12-31

Valutazione e Rapporti 07–12

Valutazione Rapporti P/E, P/S, P/B, EV/EBITDA — il titolo è costoso o economico?

Metrica	BLND	media 5 anni	Mediana dei peer	Verdetto
P/E (TTM)	-11.4	·	·	·
P/S (TTM)	1.9	·	3.1	Valore equo
P/B (MRQ)	-3.3	·	·	·
Prezzo / FCF (TTM)	32.2	·	·	·
Prezzo / Flusso di cassa (TTM)	19.1	·	37.3	Sopravvalutato

La mediana dei peer viene calcolata su base standardizzata per metrica e potrebbe non corrispondere sempre alla base TTM/MRQ mostrata per questo titolo.

Redditività Margini lordi, operativi e netti; ROE, ROA, ROIC

Metrica	BLND	media 5 anni	Mediana dei peer	Verdetto
Margine lordo (TTM)	74.3%	·	70.1%	In linea
Margine Operativo (TTM)	-13.0%	·	-6.7%	Di prim'ordine
Margine EBITDA (TTM)	-9.1%	·	-6.7%	Di prim'ordine
Margine ante imposte (TTM)	1.4%	·	-6.0%	Di prim'ordine
Margine di Profitto Netto (TTM)	-3.3%	·	-7.9%	Di prim'ordine
ROA (TTM)	-2.6%	·	-11.9%	Di prim'ordine
ROE (TTM)	8.8%	·	-16.2%	Di prim'ordine
ROIC	91.5%	·	-8.9%	Di prim'ordine

Salute finanziaria Debito, liquidità, solvibilità — solidità del bilancio

Metrica	Tendenza 5 anni	BLND	media 5 anni	Mediana dei peer	Verdetto
Rapporto corrente (MRQ)		1.6	·	2.7	Bassa liquidità
Quick Ratio		1.7	·	1.7	Bassa liquidità

Crescita Crescita di ricavi, EPS e utile netto: YoY, CAGR 3Y, CAGR 5Y

Metrica	BLND	media 5 anni	Mediana dei peer	Verdetto
Revenue YoY (Ricavi YoY)	6.8%	·	·	·
Revenue CAGR 3Y (CAGR Ricavi 3Y)	-19.3%	·	·	·
Revenue CAGR 5Y (CAGR Ricavi 5Y)	5.2%	·	·	·

Metriche per Azione EPS, valore contabile per azione, flusso di cassa per azione, dividendo per azione

Metrica	BLND	media 5 anni	Mediana dei peer	Verdetto
EPS (Diluted) (EPS (Diluito))	$-0.10	·	·	·
Revenue / Share (Ricavi / Azione)	$0.48	·	·	·
Cash Flow / Share (Flusso di cassa / Azione)	$0.04	·	·	·
Cash / Share (Liquidità / Azione)	$0.17	·	·	·

Efficienza del Capitale Rotazione delle attività, rotazione delle scorte, rotazione dei crediti

Metrica	Tendenza 5 anni	BLND	media 5 anni	Mediana dei peer	Verdetto
Asset Turnover (Rotazione delle attività)		0.7	·	0.7	In linea
Revenue / Employee (Ricavi / Dipendente)		≈$295.0K	·	·	·

valore · ≈ media 5 anni · mediana del settore · giudizio rispetto alla mediana

Cronologia utili EPS effettivo vs stima, surprise %, tasso di superamento, data prossimi utili

14

Sorpresa media -100.0%

Prossimo report Nov 04, 2026

Periodo	Rapporto	EPS Actual	EPS Stimato	Sorpresa
30 Giugno 2026	Ago 6, 2026	$0.00	$0.02	-100.0%
31 Marzo 2026		$0.00	$0.01	—
31 Dicembre 2025		$0.00	$0.01	—
30 Settembre 2025		$0.00	$0.01	-100.0%
30 Giugno 2025		$0.00	$0.02	-100.0%
31 Marzo 2025		$0.01	$-0.01	—

Fondamentali Completi Tutte le metriche per anno — conto economico, stato patrimoniale, rendiconto finanziario

15

Conto Economico 18

Metrica	2025	2024	2023	2022	2021	2020	2019
Revenue	$124M	$116M	$110M	$235M	$234M	$96M	$51M
Cost of Revenue	$32M	$33M	$33M	$146M	$119M	$34M	$20M
Gross Profit	$91M	$83M	$76M	$90M	$116M	$62M	$31M
R&D Expense	$33M	$46M	$81M	$138M	$92M	$56M	$49M
SG&A Expense	$50M	$46M	$61M	$139M	$129M	$30M	$27M
Operating Expenses	$113M	$132M	$220M	$836M	$313M	$137M	$113M
Operating Income	$-22M	$-49M	$-144M	$-746M	$-197M	$-75M	$-82M
Interest Expense	·	·	$31M	$25M	$11M	$0	$0
Interest Income	$4M	$5M	$11M	$2M	$400.0K	$1M	·
Other Non-op	$21M	$13M	$7M	$5M	$493.0K	$700.0K	$283.0K
Pretax Income	$-878.0K	$-43M	$-167M	$-766M	$-208M	$-75M	$-81M
Income Tax	$249.0K	$109.0K	$94.0K	$-2M	$-39M	$26.0K	$13.0K
Net Income	$-7M	$-43M	$-179M	$-720M	$-170M	$-75M	$-81M
EPS (Basic)	$-0.10	$-0.24	$-0.76	$-3.28	$-1.30	$-1.89	$-2.49
EPS (Diluted)	$-0.10	$-0.24	$-0.76	$-3.28	$-1.30	$-1.89	$-2.49
Shares (Basic)	258,949,000	253,921,000	245,206,000	234,161,000	131,985,000	39,407,000	32,776,000
Shares (Diluted)	258,949,000	253,921,000	245,206,000	234,161,000	131,985,000	39,407,000	32,776,000
EBITDA	$-18M	$-47M	$-154M	$-735M	$-187M	·	·

Stato Patrimoniale 27

Metrica	2025	2024	2023	2022	2021	2020	2019
Cash & Equivalents	$45M	$38M	$24M	$124M	$213M	$41M	$23M
Short-term Investments	$25M	$56M	$106M	$230M	$334M	·	·
Prepaid Expense	$17M	$17M	$15M	$19M	$32M	$19M	·
Other Current Assets	$1M	$2M	$2M	$2M	$3M	$1M	·
Current Assets	$100M	$135M	$170M	$396M	$613M	$186M	·
PP&E (Net)	$23M	$12M	$4M	$6M	$6M	$5M	·
PP&E (Gross)	$27M	$13M	$13M	$13M	$11M	$8M	·
Accum. Depreciation	$4M	$1M	$9M	$7M	$5M	$3M	·
Goodwill	·	·	·	$0	$287M	$0	·
Intangibles	·	$81.0K	$2M	$2M	$173M	$1M	·
Other Non-current Assets	$41M	$22M	$19M	$10M	$9M	$676.0K	·
Total Assets	$170M	$178M	$206M	$433M	$1.11B	$216M	·
Accounts Payable	$2M	$2M	$2M	$1M	$6M	$3M	·
Accrued Liabilities	$5M	$2M	$4M	$3M	$6M	$2M	·
Current Liabilities	$39M	$39M	$32M	$35M	$60M	$35M	·
Capital Leases	$1M	$0	$7M	$11M	$15M	$14M	·
Deferred Tax	·	·	·	$0	$3M	$0	·
Other Non-current Liabilities	$2M	$278.0K	$2M	$5M	$13M	$3M	·
Total Liabilities	$41M	$40M	$179M	$269M	$302M	$52M	·
Long-term Debt	$0	$0	$138M	$217M	$214M	$0	·
Common Stock	$2.0K	$2.0K	$2.0K	$2.0K	$2.0K	$1.0K	·
Paid-in Capital	$1.36B	$1.33B	$1.32B	$1.29B	$1.22B	$51M	·
Retained Earnings	$-1.39B	$-1.38B	$-1.34B	$-1.16B	$-443M	$-273M	·
AOCI	$597.0K	$602.0K	$441.0K	$-708.0K	$-808.0K	$-5.0K	·
Stockholders' Equity	$-30M	$-56M	$-19M	$123M	$775M	$163M	$135M
Liabilities + Equity	$170M	$178M	$206M	$433M	$1.11B	$216M	·
Shares Outstanding	256,043,000	258,173,000	249,910,000	240,931,000	230,324,000	47,948,000	·

Flusso di cassa 17

Metrica	2025	2024	2023	2022	2021	2020	2019
D&A	$3M	$1M	$2M	$11M	$11M	$4M	$5M
Stock-based Comp	$29M	$28M	$46M	$110M	$71M	$10M	$10M
Deferred Tax	$0	$34.0K	$-34.0K	$-3M	$-39M	$0	$0
Amort. of Intangibles	·	$0	$0	$8M	$9M	$3M	$4M
Restructuring	$871.0K	$6M	$20M	$15M	$0	$0	·
Other Non-cash	$-14M	$-99.0K	$3M	$412M	$269.0K	·	·
Operating Cash Flow	$12M	$-13M	$-128M	$-190M	$-128M	$-65M	$-59M
CapEx	$12M	$10M	$35.0K	$2M	$2M	$1M	$580.0K
Investing Cash Flow	$19M	$45M	$127M	$99M	$-634M	$-8M	$-66M
Net Debt Issued	$0	$-144M	$-85M	·	·	·	·
Stock Repurchased	$25M	$0	$0	·	·	·	·
Net Stock Activity	$-25M	·	·	·	·	·	·
Financing Cash Flow	$-33M	$-21M	$-91M	$2M	$934M	$91M	$133M
Net Change in Cash	$-3M	$11M	$-91M	$-89M	$172M	$18M	$8M
Taxes Paid	$389.0K	$76.0K	$107.0K	·	·	·	·
Free Cash Flow	$-81.0K	$-23M	$-128M	$-192M	$-129M	·	·
Levered FCF	·	·	$-159M	$-217M	$-138M	·	·

Redditività 8

Metrica	2025	2024	2023	2022	2021	2020	2019
Gross Margin	73.8%	55.9%	51.7%	38.1%	49.5%	·	·
Operating Margin	-17.6%	-30.6%	-99.6%	-317.2%	-84.1%	·	·
Net Margin	-5.5%	-26.8%	-113.9%	-306.2%	-72.5%	·	·
Pretax Margin	-0.71%	-26.7%	-114.6%	-325.7%	-88.7%	·	·
EBITDA Margin	-14.9%	-29.2%	-98.0%	-312.7%	-79.6%	·	·
ROA	-3.8%	-22.6%	-55.9%	-93.2%	-25.6%	·	·
ROE	31.0%	81.8%	2759.5%	-482.1%	-21.2%	·	·
ROIC	91.5%	88.3%	812.3%	-604.0%	-20.7%	·	·

Liquidità e Solvibilità 3

Metrica	2025	2024	2023	2022	2021	2020	2019
Current Ratio	2.5	3.5	5.4	11.2	10.2	·	·
Quick Ratio	1.7	2.5	4.3	10.0	3.5	·	·
Interest Coverage	·	·	-5.1	-30.1	-17.5	·	·

Efficienza 1

Metrica	Tendenza	2025	2024	2023	2022	2021	2020	2019
Asset Turnover		0.7	0.8	0.5	0.3	0.4	·	·

Per Azione 5

Metrica	2025	2024	2023	2022	2021	2020	2019
Book Value / Share	$-0.12	$-0.22	$-0.08	$0.51	$3.36	·	·
Revenue / Share	$0.48	$0.64	$0.64	$1.00	$1.78	·	·
Cash Flow / Share	$0.04	$-0.05	$-0.52	$-0.81	$-0.97	·	·
Cash / Share	$0.17	$0.16	$0.12	$0.52	$0.93	·	·
EPS (TTM)	$-0.10	$-0.24	$-0.76	$-3.28	$-1.30	·	·

Tassi di Crescita 3

Metrica	2025	2024	2023	2022	2021	2020	2019
Revenue YoY	6.8%	5.7%	-53.4%	0.30%	144.2%	·	·
Revenue CAGR 3Y	-19.3%	-21.0%	4.5%	·	·	·	·
Revenue CAGR 5Y	5.2%	·	·	·	·	·	·

Valutazione (TTM) 10

Metrica	2025	2024	2023	2022	2021	2020	2019
Revenue TTM	$124M	$116M	$110M	$235M	$234M	·	·
Net Income TTM	$-7M	$-43M	$-179M	$-720M	$-170M	·	·
Market Cap	$778M	$1.09B	$637M	$347M	$1.69B	·	·
P/E	-30.4	-17.5	-3.4	-0.4	-5.6	·	·
P/S	6.3	9.4	5.8	1.5	7.2	·	·
P/B	-25.5	-19.3	-33.1	2.8	2.2	·	·
P / Tangible Book	·	·	·	2.9	5.4	·	·
P / Cash Flow	67.6	-83.3	-5.0	-1.8	-13.3	·	·
P / FCF	-9609.5	-47.5	-5.0	-1.8	-13.1	·	·
Earnings Yield	-3.3%	-5.7%	-29.8%	-227.8%	-17.7%	·	·

Conto Economico 18

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue	$34M	$31M	$32M	$33M	$32M	$27M	$30M	$33M	$29M	$24M	$-11M	$41M	$43M	$37M	$43M	$55M
Cost of Revenue	$9M	$7M	$8M	$8M	$8M	$8M	$8M	$9M	$8M	$8M	$-26M	$19M	$19M	$21M	$28M	$34M
Gross Profit	$25M	$23M	$23M	$24M	$23M	$19M	$22M	$24M	$20M	$16M	$15M	$22M	$23M	$16M	$14M	$21M
R&D Expense	$9M	$9M	$7M	$9M	$7M	$8M	$9M	$10M	$13M	$14M	$14M	$19M	$22M	$26M	$33M	$34M
SG&A Expense	$11M	$12M	$14M	$13M	$14M	$11M	$10M	$11M	$11M	$12M	$5M	$16M	$20M	$21M	$33M	$32M
Operating Expenses	$26M	$28M	$28M	$30M	$28M	$27M	$26M	$36M	$33M	$37M	$24M	$58M	$60M	$77M	$90M	$151M
Operating Income	$-2M	$-5M	$-5M	$-5M	$-5M	$-8M	$-3M	$-11M	$-13M	$-21M	$-9M	$-36M	$-37M	$-61M	$-75M	$-130M
Interest Expense	·	·	·	·	·	·	·	$0	$2M	$5M	·	$8M	$8M	$8M	·	$6M
Interest Income	$500.0K	$600.0K	$700.0K	$900.0K	$1M	$1M	$1M	$2M	$2M	$1M	$3M	$3M	$3M	$3M	$2M	$300.0K
Other Non-op	$221.0K	$40.0K	$1M	$17M	$1M	$1M	$1M	$11M	$-4M	$6M	$-2M	$3M	$3M	$3M	$2M	$3M
Pretax Income	$-1M	$-5M	$-4M	$12M	$-4M	$-7M	$-2M	$-610.0K	$-19M	$-21M	$-18M	$-42M	$-41M	$-66M	$-81M	$-133M
Income Tax	$119.0K	$63.0K	$41.0K	$27.0K	$41.0K	$30.0K	$16.0K	$21.0K	$30.0K	$42.0K	$-74.0K	$44.0K	$53.0K	$71.0K	$476.0K	$14.0K
Net Income	$-1M	$-8M	$-7M	$12M	$-7M	$-10M	$-825.0K	$-2M	$-19M	$-21M	$-30M	$-42M	$-41M	$-65M	$-81M	$-126M
EPS (Basic)	$-0.03	$-0.05	$-0.03	$0.02	$-0.04	$-0.06	$-0.03	$-0.03	$-0.09	$-0.09	$-0.12	$-0.18	$-0.18	$-0.28	$-0.33	$-0.57
EPS (Diluted)	$-0.03	$-0.05	$-0.03	$0.02	$-0.04	$-0.06	$-0.03	$-0.03	$-0.09	$-0.09	$-0.12	$-0.18	$-0.18	$-0.28	$-0.33	$-0.57
Shares (Basic)	239,909,000	255,630,000	·	259,631,000	259,211,000	258,832,000	·	254,910,000	253,069,000	250,932,000	·	246,410,000	244,262,000	241,444,000	·	235,267,000
Shares (Diluted)	239,909,000	255,630,000	·	268,719,000	259,211,000	258,832,000	·	254,910,000	253,069,000	250,932,000	·	246,410,000	244,262,000	241,444,000	·	235,267,000
EBITDA	$-2M	$-4M	·	$-5M	$-5M	$-7M	·	$-13M	$-13M	$-21M	·	$-36M	$-37M	$-61M	·	$-130M

Stato Patrimoniale 27

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$23M	$37M	$44M	$55M	$36M	$56M	$38M	$55M	$45M	$85M	$24M	$85M	$35M	$46M	$124M	$114M
Short-term Investments	$22M	$22M	$25M	$22M	$52M	$49M	$56M	$62M	$67M	$44M	·	$160M	$231M	$261M	·	·
Prepaid Expense	$17M	$16M	$15M	$20M	$17M	$16M	$17M	$14M	$10M	$13M	·	$19M	$22M	$23M	·	$25M
Other Current Assets	$981.0K	$1M	$1M	$3M	$3M	$1M	$2M	$2M	$1M	$2M	·	$3M	$4M	$5M	·	$4M
Current Assets	$76M	$93M	$98M	$116M	$127M	$140M	$135M	$146M	$143M	$160M	·	$283M	$309M	$350M	·	$454M
PP&E (Net)	$22M	$23M	$23M	$23M	$21M	$17M	$12M	$10M	$8M	$6M	·	$4M	$5M	$5M	·	$6M
PP&E (Gross)	$29M	$28M	$27M	$26M	$23M	$19M	$13M	$13M	$17M	$16M	·	$13M	$13M	$13M	·	$12M
Accum. Depreciation	$7M	$6M	$4M	$3M	$2M	$2M	$1M	$3M	$9M	$10M	·	$9M	$8M	$7M	·	$6M
Goodwill	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$0
Intangibles	·	·	·	$69.0K	$73.0K	$77.0K	·	$2M	$2M	$2M	·	$2M	$2M	$2M	·	$2M
Other Non-current Assets	$41M	$41M	$41M	$43M	$26M	$22M	$22M	$17M	$16M	$16M	·	$10M	$9M	$10M	·	$11M
Total Assets	$144M	$161M	$170M	$190M	$183M	$188M	$178M	$186M	$185M	$202M	·	$318M	$350M	$385M	·	$493M
Accounts Payable	$418.0K	$259.0K	$2M	$772.0K	$1M	$3M	$2M	$2M	$1M	$2M	·	$2M	$3M	$2M	·	$3M
Accrued Liabilities	$4M	$6M	$3M	$3M	$3M	$3M	$2M	$4M	$3M	$3M	·	$2M	$3M	$2M	·	$5M
Current Liabilities	$47M	$51M	$39M	$46M	$53M	$58M	$39M	$45M	$42M	$43M	·	$37M	$35M	$40M	·	$44M
Capital Leases	$2M	$1M	$1M	$1M	$1M	·	$0	$955.0K	$5M	$6M	·	$8M	$9M	$10M	·	$12M
Deferred Tax	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$0
Other Non-current Liabilities	$2M	$1M	$1M	$1M	$2M	$291.0K	$278.0K	$1M	$2M	$2M	·	$3M	$4M	$4M	·	$6M
Total Liabilities	$49M	$53M	$41M	$47M	$55M	$59M	$40M	$47M	$48M	$190M	·	$267M	$266M	$272M	·	$278M
Long-term Debt	·	·	$0	$0	$0	$0	$0	$0	$0	$139M	·	$219M	$218M	$218M	·	$216M
Common Stock	$2.0K	$2.0K	$2.0K	$2.0K	$2.0K	$2.0K	$2.0K	$2.0K	$2.0K	$2.0K	·	$2.0K	$2.0K	$2.0K	·	$2.0K
Paid-in Capital	$1.33B	$1.34B	$1.36B	$1.38B	$1.38B	$1.38B	$1.33B	$1.33B	$1.34B	$1.33B	·	$1.32B	$1.31B	$1.30B	·	$1.26B
Retained Earnings	$-1.40B	$-1.40B	$-1.39B	$-1.39B	$-1.40B	$-1.39B	$-1.38B	$-1.38B	$-1.38B	$-1.36B	·	$-1.31B	$-1.27B	$-1.23B	·	$-1.08B
AOCI	$623.0K	$663.0K	$597.0K	$555.0K	$514.0K	$565.0K	$602.0K	$765.0K	$304.0K	$346.0K	·	$-402.0K	$-689.0K	$95.0K	·	$-2M
Stockholders' Equity	$-74M	$-56M	$-30M	$-12M	$-23M	$-17M	$-56M	$-50M	$-45M	$-36M	$-19M	$6M	$41M	$71M	$123M	$176M
Liabilities + Equity	$144M	$161M	$170M	$190M	$183M	$188M	$178M	$186M	$185M	$202M	·	$318M	$350M	$385M	·	$493M
Shares Outstanding	236,513,000	247,336,000	256,043,000	260,100,000	260,051,000	258,825,000	258,173,000	255,881,000	254,207,000	252,319,000	249,910,000	247,946,000	245,775,000	243,607,000	240,931,000	237,577,000

Flusso di cassa 15

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$2M	$1M	$1M	$1M	$640.0K	$407.0K	$273.0K	$-56.0K	$64.0K	$316.0K	$-341.0K	$600.0K	$626.0K	$630.0K	$613.0K	$929.0K
Stock-based Comp	$7M	$7M	$8M	$8M	$8M	$6M	$6M	$7M	$7M	$8M	$6M	$9M	$14M	$16M	$28M	$28M
Deferred Tax	·	·	·	·	·	·	·	·	·	·	$-34.0K	$0	$0	$0	$0	$0
Amort. of Intangibles	·	·	·	·	·	·	·	·	·	$0	·	$0	·	$0	$0	$300.0K
Restructuring	$4.0K	$662.0K	$28.0K	$93.0K	$28.0K	$719.0K	$95.0K	$5M	$114.0K	$972.0K	$-4M	$9M	$2M	$13M	$3M	$6M
Other Non-cash	·	$7M	·	·	·	$23M	·	·	·	$8M	·	·	·	$2M	·	·
Operating Cash Flow	$8M	$7M	$980.0K	$-3M	$-6M	$20M	$-5M	$2M	$-7M	$-4M	$-21M	$-26M	$-34M	$-47M	$-47M	$-50M
CapEx	$825.0K	$1M	$1M	$2M	$4M	$4M	$2M	$3M	$2M	$2M	$-470.0K	$31.0K	$170.0K	$304.0K	$458.0K	$446.0K
Investing Cash Flow	$-685.0K	$3M	$-1M	$27M	$-11M	$4M	$-2M	$12M	$-25M	$61M	$53M	$72M	$31M	$-29M	$57M	$31M
Stock Repurchased	$20M	$17M	$16M	$5M	$2M	$3M	$0	$0	$0	$0	·	·	·	·	·	·
Net Stock Activity	·	$-17M	·	·	·	$-3M	·	·	·	·	·	·	·	·	·	·
Financing Cash Flow	$-21M	$-18M	$-18M	$-6M	$-4M	$-5M	$-6M	$-4M	$-7M	$-3M	$-86M	$-1M	$-1M	$-2M	$41.0K	$940.0K
Net Change in Cash	$-14M	$-8M	$-18M	$18M	$-21M	$18M	$-13M	$10M	$-39M	$54M	$-54M	$45M	$-4M	$-78M	$10M	$-18M
Free Cash Flow	·	$6M	·	·	·	$16M	·	·	·	$-6M	·	·	·	$-47M	·	·
Levered FCF	·	·	·	·	·	·	·	·	·	$-11M	·	·	·	$-55M	·	·

Redditività 8

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Gross Margin	73.5%	75.8%	·	74.4%	73.9%	70.8%	·	57.5%	53.5%	51.9%	·	54.4%	54.9%	42.5%	·	38.1%
Operating Margin	-4.7%	-16.4%	·	-14.9%	-14.7%	-28.7%	·	-29.5%	-33.0%	-60.6%	·	-89.2%	-85.8%	-164.5%	·	-234.6%
Net Margin	-4.4%	-26.1%	·	38.1%	-21.1%	-34.5%	·	-5.4%	-47.9%	-59.1%	·	-102.9%	-96.3%	-175.2%	·	-227.9%
Pretax Margin	-4.0%	-16.3%	·	37.9%	-11.4%	-24.6%	·	-5.8%	-47.9%	-59.0%	·	-102.9%	-96.8%	-177.1%	·	-239.8%
EBITDA Margin	-4.7%	-12.1%	·	-14.9%	-14.7%	-27.2%	·	-29.5%	-33.0%	-59.0%	·	-89.2%	-85.8%	-162.9%	·	-234.6%
ROA	-0.91%	-4.6%	·	6.7%	-3.6%	-4.7%	·	-0.97%	-7.2%	-7.0%	·	-10.3%	-8.7%	-9.1%	·	-15.1%
ROE	3.1%	22.1%	·	-40.4%	19.5%	35.1%	·	11.3%	923.3%	-116.2%	·	-45.9%	-25.7%	-16.4%	·	-25.1%
ROIC	2.3%	9.2%	·	39.2%	20.7%	45.8%	·	27.0%	29.4%	59.3%	·	-575.9%	-89.1%	-86.2%	·	-74.0%

Liquidità e Solvibilità 3

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio	1.6	1.8	·	2.5	2.4	2.4	·	3.2	3.4	3.7	·	7.7	8.9	8.8	·	10.3
Quick Ratio	1.0	1.1	·	1.7	1.7	1.8	·	2.6	2.7	3.0	·	6.7	7.6	7.7	·	2.6
Interest Coverage	·	·	·	·	·	·	·	·	-8.1	-4.2	·	-4.4	-4.6	-8.1	·	-21.1

Efficienza 1

Metrica	Tendenza	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Asset Turnover		0.2	0.2	·	0.2	0.2	0.1	·	0.2	0.2	0.1	·	0.1	0.1	0.1	·	0.1

Per Azione 5

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$-0.31	$-0.23	·	$-0.05	$-0.09	$-0.07	·	$-0.19	$-0.18	$-0.14	·	$0.03	$0.17	$0.29	·	$0.74
Revenue / Share	$0.14	$0.12	·	$0.12	$0.12	$0.10	·	$0.18	$0.16	$0.14	·	$0.16	$0.18	$0.15	·	$0.24
Cash Flow / Share	·	$0.03	·	·	·	$0.08	·	·	·	$-0.02	·	·	·	$-0.19	·	·
Cash / Share	$0.10	$0.15	·	$0.21	$0.14	$0.22	·	$0.22	$0.18	$0.34	·	$0.34	$0.14	$0.19	·	$0.48
EPS (TTM)	$-0.09	$-0.10	·	$-0.11	$-0.16	$-0.21	·	$-0.33	$-0.48	$-0.57	·	$-0.97	$-1.36	$-3.24	·	$-3.27

Valutazione (TTM) 9

Metrica	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Revenue TTM	$129M	$127M	·	$121M	$122M	$119M	·	$74M	$82M	$96M	·	$164M	$178M	$201M	·	$273M
Net Income TTM	$-4M	$-10M	·	$-5M	$-20M	$-32M	·	$-73M	$-112M	$-134M	·	$-229M	$-313M	$-713M	·	$-711M
Market Cap	$404M	$420M	·	$949M	$858M	$867M	·	$960M	$600M	$820M	·	$340M	$233M	$243M	·	$525M
P/E	-19.0	-17.0	·	-33.2	-20.6	-16.0	·	-11.4	-4.9	-5.7	·	-1.4	-0.7	-0.3	·	-0.7
P/S	3.1	3.3	·	7.8	7.1	7.3	·	12.9	7.3	8.5	·	2.1	1.3	1.2	·	1.9
P/B	-5.4	-7.5	·	-76.0	-38.0	-51.3	·	-19.3	-13.2	-22.9	·	54.0	5.6	3.4	·	3.0
P / Tangible Book	·	·	·	·	·	·	·	·	·	·	·	81.3	5.9	3.5	·	3.0
P / Cash Flow	·	57.2	·	·	·	42.5	·	·	·	-212.0	·	·	·	-5.2	·	·
Earnings Yield	-5.3%	-5.9%	·	-3.0%	-4.9%	-6.3%	·	-8.8%	-20.3%	-17.5%	·	-70.8%	-143.6%	-325.3%	·	-148.0%

Periodo più recente a sinistra · valori nulli mostrati come ·

Bilanci Conto economico, stato patrimoniale, flusso di cassa — annuale, ultimi 5 anni

16

Metrica	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Ricavi	$124M	·	·	·	$116M
Margine Lordo %	73.8%	·	·	·	55.9%
Margine Operativo %	-17.6%	·	·	·	-30.6%
Utile netto	$-7M	·	·	·	$-43M
EPS Diluito	$-0.10	·	·	·	$-0.24

Metrica	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Rapporto corrente	2.5	·	·	·	3.5
Quick Ratio	1.7	·	·	·	2.5

Metrica	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Flusso di cassa libero	$-81.0K	·	·	·	$-23M

Proprietari istituzionali (13F) 203 filer · $310.3M totale · Aggiornato al 30 Giugno 2026

17

Istituzioni che segnalano il possesso di questo titolo nel loro Modulo SEC 13F trimestrale. Solo posizioni lunghe; un singolo depositante può apparire due volte per diverse gambe di opzioni. Grandi posizioni put/call contrapposte riflettono tipicamente market-making o inventario coperto, non convinzione direzionale.

Detentori 203

Valore detenuto $310.3M

Nuove posizioni 29

Posizioni chiuse 37

Attività istituzionale — Q2 2026 vs trimestre precedente

Nuove posizioni	Posizioni chiuse	Aumentato	Diminuito	Variazione netta delle azioni
29 (-12 vs trimestre precedente)	37 (+6 vs trimestre precedente)	55 (-10 vs trimestre precedente)	69 (+13 vs trimestre precedente)	-12.0M

Confrontato con Q1 2026. Le dichiarazioni SEC Form 13F sono dovute entro 45 giorni dalla fine del trimestre più un breve margine per i dichiaranti in ritardo — i trimestri ancora all'interno di questa finestra vengono saltati a favore della coppia più recente completamente riportata.

Istituzione	Valore	Azioni	% di 13F tracciati	Tipo
VANGUARD GROUP INC	$54.319.264	17.868.179	17,51%	Azioni
Haveli Investment Management LLC	$31.966.171	18.693.667	10,30%	Azioni
BlackRock, Inc.	$26.640.673	15.579.341	8,59%	Azioni
CYPRESS POINT INVESTMENT MANAGEMENT LP	$24.448.597	14.297.425	7,88%	Azioni
Capricorn Fund Managers Ltd	$19.348.050	11.314.649	6,24%	Azioni
VANGUARD CAPITAL MANAGEMENT LLC	$14.511.549	8.486.286	4,68%	Azioni
Whitebark Investors LP	$10.847.380	6.343.497	3,50%	Azioni
VANGUARD PORTFOLIO MANAGEMENT LLC	$10.629.435	6.216.044	3,43%	Azioni
STATE STREET CORP	$10.559.005	6.174.857	3,40%	Azioni
GEODE CAPITAL MANAGEMENT, LLC	$8.690.613	5.080.868	2,80%	Azioni
CITADEL ADVISORS LLC	$8.657.504	5.062.868	2,79%	Azioni
MARSHALL WACE, LLP	$8.172.275	4.779.108	2,63%	Azioni
Emergence GP Partners, LLC	$7.257.888	4.244.379	2,34%	Azioni
MILLENNIUM MANAGEMENT LLC	$5.967.459	3.489.742	1,92%	Azioni
JACOBS LEVY EQUITY MANAGEMENT, INC	$4.307.088	2.518.765	1,39%	Azioni
Irenic Capital Management LP	$3.905.813	2.284.101	1,26%	Azioni
GOLDMAN SACHS GROUP INC	$3.653.772	2.136.709	1,18%	Azioni
JANE STREET GROUP, LLC	$3.102.580	1.814.374	1,00%	Azioni
NORTHERN TRUST CORP	$2.967.903	1.735.616	0,96%	Azioni
RICE HALL JAMES & ASSOCIATES, LLC	$2.667.636	1.560.021	0,86%	Azioni
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$2.648.679	1.548.935	0,85%	Azioni
VANGUARD FIDUCIARY TRUST CO	$2.509.565	1.467.582	0,81%	Azioni
D. E. Shaw & Co., Inc.	$2.438.829	1.426.216	0,79%	Azioni
TUDOR INVESTMENT CORP ET AL	$2.362.565	1.381.617	0,76%	Azioni
ESSEX INVESTMENT MANAGEMENT CO LLC	$2.145.616	1.254.746	0,69%	Azioni
Prospect Capital Advisors, LLC	$1.881.513	1.100.300	0,61%	Azioni
Advantage Alpha Capital Partners LP	$1.775.053	486.316	0,57%	Azioni
Militia Capital Partners, LP	$1.672.000	550.000	0,54%	Azioni
AQR CAPITAL MANAGEMENT LLC	$1.515.650	886.345	0,49%	Azioni
Panoramic Capital, LLC	$1.321.298	772.689	0,43%	Azioni
FIRST MANHATTAN CO. LLC.	$1.128.203	659.768	0,36%	Azioni
UBS Group AG	$1.086.520	635.392	0,35%	Azioni
Bank of New York Mellon Corp	$1.043.835	610.430	0,34%	Azioni
Man Group plc	$863.706	505.091	0,28%	Azioni
Perigon Wealth Management, LLC	$854.608	499.771	0,28%	Azioni
Kazazian Asset Management, LLC	$835.648	488.683	0,27%	Azioni
Nuveen, LLC	$805.599	471.111	0,26%	Azioni
Invesco Ltd.	$723.029	422.824	0,23%	Azioni
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$702.779	410.982	0,23%	Azioni
FRANKLIN RESOURCES INC	$675.942	395.288	0,22%	Azioni
Potrero Capital Research LLC	$648.559	379.274	0,21%	Azioni
WOLVERINE TRADING, LLC	$641.449	171.053	0,21%	Azioni
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	$591.002	347.648	0,19%	Azioni
ALLEN OPERATIONS LLC	$589.541	344.761	0,19%	Azioni
BANK OF AMERICA CORP /DE/	$587.124	343.347	0,19%	Azioni
Balyasny Asset Management L.P.	$515.035	301.190	0,17%	Azioni
Militia Capital Management LLC	$513.000	300.000	0,17%	Opzione Call
FULLCIRCLE WEALTH LLC	$494.815	156.093	0,16%	Azioni
Ahara Advisors LLC	$467.803	273.569	0,15%	Azioni
ALLIANCEBERNSTEIN L.P.	$463.233	272.490	0,15%	Azioni

Mostra tutti i 203 proprietari istituzionali →

Attivisti e proprietari del 5%+ 1 partecipazione

18

Investitori che hanno depositato SEC Schedule 13D — proprietà effettiva superiore al 5% con l'intento di influenzare l'emittente (partecipazioni attiviste, campagne per il consiglio di amministrazione, M&A). Ogni riga mostra lo stato più recente noto della posizione di quel depositante.

Depositante	Depositato	Partecipazione	Stato	Scopo	Deposito
Haveli Brooks Aggregator, L.P., Haveli Investments Software Fund I GP, LLC, Haveli Software Management LLC, Whanau Interests LLC, Haveli Investment Management LLC, Haveli Investments, L.P., Brian N. Sheth ×5 depositi	12 Giugno 2026	22,60%	Modifica	·	SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Insider aziendali 21 insider · 13 dirigenti · 9 direttori

19

Insider	Ruolo	Ultima attività	Azioni possedute	Vendite 12m	Netto 12m
Nima Ghamsari	HEAD OF BLEND	28 Settembre 2026 S	7.827.838	3	$-74.954
Srinivasan Venkatramani	Head of Product Tech & Cust Op	11 Settembre 2026 S	236.563	1	$-106.828
Matthew Christopher Thomson	Head of Revenue	20 Agosto 2026 M	135.812	1	$-30.082
Oxana Tkach	PRINCIPAL ACCOUNTING OFFICER	20 Agosto 2026 M	123.071	4	$-56.253
Winnie Ling	HEAD OF LEGAL AND PEOPLE	20 Agosto 2026 M	530.107	2	$-28.320
Jason Ream	Head of Finance and Admin.	20 Agosto 2026 M	416.074	0	$0
Brian Kneafsey	Head of Revenue	15 Gennaio 2026 S	649.824	4	$-311.250
Amir Jafari	HEAD OF FINANCE AND ADMIN.	20 Maggio 2025 M	1.038.412	0	$0
Dean Klinger	Head of Go-To-Market	11 Ottobre 2023 M	141.843	0	$0
Manish K. Gupta	Principal Accounting Officer	20 Febbraio 2023 F	70.455	0	$0
Marc S. Greenberg	Head of Finance	20 Febbraio 2023 F	103.707	0	$0
Crystal Sumner	Head of Legal, Compliance,Risk	01 Febbraio 2023 S	440.057	0	$0
Jonathan Y. Chan	Principal Accounting Officer	20 Maggio 2022 S	66.263	0	$0
Eric H. Woersching	Direttore	17 Giugno 2026 A	80.000	0	$0
Gerald C. Chen	Direttore	17 Giugno 2026 A	137.760	0	$0
Erin N Lantz	Direttore	17 Giugno 2026 A	137.760	0	$0
Bryan Edmund Sullivan	Direttore	17 Giugno 2026 A	100.000	0	$0
Timothy J Mayopoulos	Direttore	17 Giugno 2026 A	431.130	0	$0
Erin James Collard	Direttore	07 Giugno 2024 M	1.091.986	0	$0
Ciara Burnham	Direttore	07 Giugno 2024 M	37.760	0	$0
Roger W. Ferguson Jr.	Direttore	31 Dicembre 2022 A	·	0	$0

Insider dai depositi SEC Modulo 3/4/5; netto = solo acquisti/vendite di mercato

Proprietà ETF Posseduti da 38 ETF

20

Il peso riflette solo le partecipazioni azionarie dirette (N-PORT); fondi a leva o basati su derivati possono detenere ulteriore esposizione swap non mostrata.

Fondo	Peso	Unità	Aggiornato al	Fonte
EWUS · iShares Trust	1,20%	93.084 SH	11 Settembre 2026	Giornaliero
IFGL · iShares Trust	0,81%	118.411 SH	11 Settembre 2026	Giornaliero
VNQI · VANGUARD INTERNATIONAL EQUITY INDEX…	0,53%	3.691.619 SH	19 Agosto 2026	Giornaliero
ERET · iShares Trust	0,37%	9.152 SH	11 Settembre 2026	Giornaliero
ISCF · iShares Trust	0,35%	436.195 SH	11 Settembre 2026	Giornaliero
IEUS · iShares Trust	0,34%	112.940 SH	11 Settembre 2026	Giornaliero
REET · iShares Trust	0,31%	2.775.692 SH	11 Settembre 2026	Giornaliero
SCZ · iShares Trust	0,15%	3.534.543 SH	11 Settembre 2026	Giornaliero
INTF · iShares Trust	0,12%	866.580 SH	11 Settembre 2026	Giornaliero
IWC · iShares Trust	0,06%	623.989 SH	11 Settembre 2026	Giornaliero
WSML · iShares Trust	0,05%	64.931 SH	11 Settembre 2026	Giornaliero
VGK · VANGUARD INTERNATIONAL EQUITY INDEX…	0,04%	2.454.023 SH	19 Agosto 2026	Giornaliero
IEV · iShares Trust	0,04%	117.281 SH	11 Settembre 2026	Giornaliero
IEUR · iShares Trust	0,03%	590.028 SH	11 Settembre 2026	Giornaliero
IMFL · Invesco Exchange-Traded Self-Indexe…	0,03%	67.299	02 Ottobre 2026	Giornaliero
PXF · Invesco Exchange-Traded Fund Trust …	0,02%	134.481	02 Ottobre 2026	Giornaliero
IEFA · iShares Trust	0,02%	7.300.038 SH	11 Settembre 2026	Giornaliero
VEA · VANGUARD TAX-MANAGED FUNDS	0,02%	10.011.770 SH	19 Agosto 2026	Giornaliero
VTWG · VANGUARD SCOTTSDALE FUNDS	0,02%	168.332 SH	19 Agosto 2026	Giornaliero
VSGX · VANGUARD WORLD FUND	0,02%	207.049 SH	19 Agosto 2026	Giornaliero
IWO · iShares Trust	0,01%	1.475.172 SH	11 Settembre 2026	Giornaliero
IDEV · iShares Trust	0,01%	845.366 SH	11 Settembre 2026	Giornaliero
PRFZ · Invesco Exchange-Traded Fund Trust	0,01%	313.599 SH	02 Ottobre 2026	Giornaliero
RSSL · Global X Funds	0,01%	88.030 NS	31 Luglio 2026	N-PORT
VXUS · VANGUARD STAR FUNDS	0,01%	14.957.215 SH	19 Agosto 2026	Giornaliero
VEU · VANGUARD INTERNATIONAL EQUITY INDEX…	0,01%	2.393.813 SH	19 Agosto 2026	Giornaliero
VT · VANGUARD INTERNATIONAL EQUITY INDEX…	0,01%	1.078.047 SH	19 Agosto 2026	Giornaliero
VTWO · VANGUARD SCOTTSDALE FUNDS	0,01%	1.060.557 SH	19 Agosto 2026	Giornaliero
IXUS · iShares Trust	0,01%	1.117.357 SH	11 Settembre 2026	Giornaliero
IWM · iShares Trust	0,01%	4.856.201 SH	11 Settembre 2026	Giornaliero
ITOT · iShares Trust	0,00%	319.422 SH	11 Settembre 2026	Giornaliero
IWV · iShares Trust	0,00%	62.907 SH	10 Settembre 2026	Giornaliero
VXF · VANGUARD INDEX FUNDS	0,00%	2.403.559 SH	19 Agosto 2026	Giornaliero
VTI · VANGUARD INDEX FUNDS	0,00%	5.884.916 SH	19 Agosto 2026	Giornaliero
VTWV · VANGUARD SCOTTSDALE FUNDS	0,00%	23.650 SH	19 Agosto 2026	Giornaliero
VTHR · VANGUARD SCOTTSDALE FUNDS	0,00%	16.150 SH	19 Agosto 2026	Giornaliero
VGT · VANGUARD WORLD FUND	0,00%	4.947.355 SH	19 Agosto 2026	Giornaliero
IWN · iShares Trust	·	314.049 SH	11 Settembre 2026	Giornaliero

BLND Consenso degli analisti Opinioni degli analisti, sia rialziste che ribassiste, target price a 12 mesi, potenziale di rialzo

21

rating · 12 analisti COMPRA

Target mediano $3.00 +191,3%

3 25,0% Acquisto forte

7 58,3% Compra

2 16,7% Mantieni

0 0,0% Vendi

0 0,0% Vendita forte

Target Price a 12 Mesi

5 analisti · 2026-09-28

Target medio $2.96 +187,4%

← Sotto tutti i target Prezzo attuale $1.03

Basso$1.80 Media$2.96 Alto$4.00

Confronto Peer (GICS sub-settore industriale) Metriche chiave rispetto ai pari del settore

22

Base FY, prezzi alla chiusura dell'ultimo anno fiscale di ciascuna società.

Ticker	Capitalizzazione di Mercato	P/E	Rev YoY	Margine Netto	ROE	Margine lordo
BLND	$778M	-30.4	6.8%	-5.5%	31.0%	73.8%
EGHT	$234M	166.0	2.9%	0.22%	1.2%	64.6%
LAW	$491M	-10.8	8.3%	-28.3%	-33.4%	74.9%
SLNH	$120M	-0.5	-21.8%	-179.7%	-260.1%	6.0%
EXFY	$141M	-6.6	2.1%	-15.0%	-16.2%	50.3%
QMLS	·	·	·	·	·	·
TONX	$112M	-0.3	1327.8%	-1161.9%	-70.2%	·

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26

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BLND Classe A Blend Labs, Inc. Class A Common Stock