Blend Labs (Blend Labs) Interest Expense : $-30.8 Mil (TTM As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Blend Labs Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Blend Labs's interest expense for the three months ended in Dec. 2023 was $ -7.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-30.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Blend Labs's Operating Income for the three months ended in Dec. 2023 was $ -21.2 Mil. Blend Labs's Interest Expense for the three months ended in Dec. 2023 was $ -7.1 Mil. Blend Labs did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Blend Labs Interest Expense Historical Data

The historical data trend for Blend Labs's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blend Labs Interest Expense Chart

Blend Labs Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-11.28

-24.79

-30.81

Blend Labs Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial												-7.35	-7.57	-7.95	-8.21	-7.09

Blend Labs Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-30.8 Mil.

Blend Labs (NYSE:BLND) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Blend Labs's Interest Expense for the three months ended in Dec. 2023 was $-7.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-21.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $145.3 Mil.

Blend Labs's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Blend Labs did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Blend Labs (Blend Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Blend Labs Inc (NYSE:BLND) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

415 Kearny Street, San Francisco, CA, USA, 94108

Website

https://www.blend.com

Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Its operating segments are 1) Blend Platform comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. 2) Title365 enables customers to streamline the title, settlement, and closing process at scale for mortgages, home equity lines of credit, and home equity loans. The majority of revenue is earned from the blend platform segment.

Executives

Amir Jafari	officer: Head of Finance and Admin.	415 KEARNY STREET, SAN FRANCISCO CA 94108
Nima Ghamsari	director, officer: Chief Executive Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Oxana Tkach	officer: Principal Accounting Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Winnie Ling	officer: Head of Legal	415 KEARNY STREET, SAN FRANCISCO CA 94108
Dean Klinger	officer: Head of Go-To-Market	415 KEARNY STREET, SAN FRANCISCO CA 94108
Crystal Sumner	officer: Head of Legal, Compliance,Risk	415 KEARNY STREET, SAN FRANCISCO CA 94108
Erin N Lantz	director	2343 42ND AVE EAST, SEATTLE WA 98112
Marc S. Greenberg	officer: Head of Finance	415 KEARNY STREET, SAN FRANCISCO CA 94108
Manish K. Gupta	officer: Principal Accounting Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Timothy J Mayopoulos	director, officer: President	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Jonathan Y. Chan	officer: Principal Accounting Officer	415 KEARNY STREET, SAN FRANCISCO CA 94108
Ciara Burnham	director	3110 MAIN STREET, SUITE 400, SANTA MONICA CA 90405
Ossa Investments Pte. Ltd.	10 percent owner	60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Gerald C. Chen	director	415 KEARNY STREET, SAN FRANCISCO CA 94108
Erin James Collard	director	415 KEARNY STREET, SAN FRANCISCO CA 94108