Blend Labs
Fintech SaaSUSA
📉 Public < $1B
Peak $4 BillionToday
−88%
from peak
- 🦄Became a unicorn2020
- 📈Peak valuation$4 Billion ’21
- 💔Became a Unitard~2022
- 💸Last valuation~$479M
Current status
Public ~$0.35B
Live · BLND· NYSE
as of 2026-08-04
$1.98▲ 10.61% today
≈ $479 Million market cap · −88.0% from peak
How it happened
Blend Labs is a fintech SaaS provider of digital-lending and mortgage-origination software for banks, peaking at a ~$4B valuation around its 2021 IPO. A sharp slowdown in mortgage volumes amid rising interest rates hit its core business, and the stock fell steeply; it now trades around $0.35B, roughly 91% below peak. Glassdoor reviews from the post-IPO years traced the retrenchment from the inside: employees counted five layoff rounds in roughly 16 months, watched hundreds of colleagues let go, and flagged repeated reorgs, frozen raises, and equity grants that lost much of their value as morale slid.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: CMC May 2026
