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Side-by-side financial comparison of Blend Labs, Inc. (BLND) and REGIS CORP (RGS). Click either name above to swap in a different company.

REGIS CORP is the larger business by last-quarter revenue ($57.1M vs $32.4M, roughly 1.8× Blend Labs, Inc.). REGIS CORP runs the higher net margin — 0.8% vs -7.8%, a 8.6% gap on every dollar of revenue. On growth, REGIS CORP posted the faster year-over-year revenue change (22.3% vs 7.6%). REGIS CORP produced more free cash flow last quarter ($891.0K vs $-21.0K). Over the past eight quarters, Blend Labs, Inc.'s revenue compounded faster (16.6% CAGR vs 7.8%).

GU Energy Labs is a company based in Berkeley, California, that produces sports nutrition products, most notably energy gels. Often consumed during endurance events, the gels are designed to be quickly and easily digested during any type of activity. Other products include energy chews, drink mixes, hydration tablets, stroopwafels and a Roctane line that includes an energy drink mix, protein recovery drink mix, gel, and capsules. The company was founded in 1994 by Bill Vaughan, who began crea...

Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.

BLND vs RGS — Head-to-Head

Bigger by revenue
RGS
RGS
1.8× larger
RGS
$57.1M
$32.4M
BLND
Growing faster (revenue YoY)
RGS
RGS
+14.6% gap
RGS
22.3%
7.6%
BLND
Higher net margin
RGS
RGS
8.6% more per $
RGS
0.8%
-7.8%
BLND
More free cash flow
RGS
RGS
$912.0K more FCF
RGS
$891.0K
$-21.0K
BLND
Faster 2-yr revenue CAGR
BLND
BLND
Annualised
BLND
16.6%
7.8%
RGS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BLND
BLND
RGS
RGS
Revenue
$32.4M
$57.1M
Net Profit
$-2.5M
$456.0K
Gross Margin
75.7%
Operating Margin
-11.1%
10.8%
Net Margin
-7.8%
0.8%
Revenue YoY
7.6%
22.3%
Net Profit YoY
-207.0%
-94.0%
EPS (diluted)
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BLND
BLND
RGS
RGS
Q4 25
$32.4M
$57.1M
Q3 25
$32.7M
$59.0M
Q2 25
$31.6M
$60.4M
Q1 25
$26.8M
$57.0M
Q4 24
$30.1M
$46.7M
Q3 24
$33.1M
$46.1M
Q2 24
$28.7M
$49.4M
Q1 24
$23.8M
$49.2M
Net Profit
BLND
BLND
RGS
RGS
Q4 25
$-2.5M
$456.0K
Q3 25
$12.1M
$1.4M
Q2 25
$-6.8M
$116.5M
Q1 25
$-9.5M
$250.0K
Q4 24
$-825.0K
$7.6M
Q3 24
$-2.4M
$-853.0K
Q2 24
$-19.4M
$91.2M
Q1 24
$-20.7M
$-2.3M
Gross Margin
BLND
BLND
RGS
RGS
Q4 25
75.7%
Q3 25
74.3%
Q2 25
73.8%
Q1 25
70.8%
Q4 24
74.2%
Q3 24
74.0%
Q2 24
70.9%
Q1 24
67.3%
Operating Margin
BLND
BLND
RGS
RGS
Q4 25
-11.1%
10.8%
Q3 25
-16.4%
10.0%
Q2 25
-15.3%
12.1%
Q1 25
-29.7%
8.8%
Q4 24
-10.9%
11.8%
Q3 24
-34.1%
4.6%
Q2 24
-45.5%
Q1 24
-89.0%
8.3%
Net Margin
BLND
BLND
RGS
RGS
Q4 25
-7.8%
0.8%
Q3 25
37.0%
2.3%
Q2 25
-21.6%
192.9%
Q1 25
-35.5%
0.4%
Q4 24
-2.7%
16.4%
Q3 24
-7.4%
-1.9%
Q2 24
-67.6%
184.7%
Q1 24
-86.7%
-4.7%
EPS (diluted)
BLND
BLND
RGS
RGS
Q4 25
$0.16
Q3 25
$0.02
$0.49
Q2 25
$43.67
Q1 25
$0.08
Q4 24
$-0.03
$2.71
Q3 24
$-0.03
$-0.36
Q2 24
$-0.09
$38.40
Q1 24
$-0.09
$-1.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLND
BLND
RGS
RGS
Cash + ST InvestmentsLiquidity on hand
$68.3M
$18.4M
Total DebtLower is stronger
$0
$113.3M
Stockholders' EquityBook value
$-30.5M
$188.7M
Total Assets
$170.0M
$588.3M
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLND
BLND
RGS
RGS
Q4 25
$68.3M
$18.4M
Q3 25
$77.3M
$16.6M
Q2 25
$88.3M
$17.0M
Q1 25
$104.8M
$13.3M
Q4 24
$94.2M
$10.2M
Q3 24
$112.3M
$6.3M
Q2 24
$108.9M
$10.1M
Q1 24
$121.1M
$5.9M
Total Debt
BLND
BLND
RGS
RGS
Q4 25
$0
$113.3M
Q3 25
$0
$111.3M
Q2 25
$0
$110.8M
Q1 25
$0
$112.0M
Q4 24
$0
$111.5M
Q3 24
$0
$95.2M
Q2 24
$0
$99.5M
Q1 24
$138.9M
$179.7M
Stockholders' Equity
BLND
BLND
RGS
RGS
Q4 25
$-30.5M
$188.7M
Q3 25
$-13.4M
$187.6M
Q2 25
$-23.1M
$185.6M
Q1 25
$-17.2M
$68.6M
Q4 24
$-56.4M
$66.7M
Q3 24
$-49.6M
$56.4M
Q2 24
$-45.5M
$56.8M
Q1 24
$-35.8M
$-35.8M
Total Assets
BLND
BLND
RGS
RGS
Q4 25
$170.0M
$588.3M
Q3 25
$188.6M
$592.1M
Q2 25
$182.2M
$599.0M
Q1 25
$187.5M
$511.2M
Q4 24
$178.1M
$530.1M
Q3 24
$186.1M
$508.9M
Q2 24
$185.4M
$530.5M
Q1 24
$201.8M
$543.7M
Debt / Equity
BLND
BLND
RGS
RGS
Q4 25
0.60×
Q3 25
0.59×
Q2 25
0.60×
Q1 25
1.63×
Q4 24
1.67×
Q3 24
1.69×
Q2 24
1.75×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BLND
BLND
RGS
RGS
Operating Cash FlowLast quarter
$1.5M
$1.7M
Free Cash FlowOCF − Capex
$-21.0K
$891.0K
FCF MarginFCF / Revenue
-0.1%
1.6%
Capex IntensityCapex / Revenue
4.8%
1.4%
Cash ConversionOCF / Net Profit
3.65×
TTM Free Cash FlowTrailing 4 quarters
$-81.0K
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLND
BLND
RGS
RGS
Q4 25
$1.5M
$1.7M
Q3 25
$-3.6M
$2.3M
Q2 25
$-6.5M
$6.8M
Q1 25
$20.1M
$6.2M
Q4 24
$-4.6M
$2.1M
Q3 24
$2.1M
$-1.3M
Q2 24
$-6.7M
$5.1M
Q1 24
$-3.9M
$-277.0K
Free Cash Flow
BLND
BLND
RGS
RGS
Q4 25
$-21.0K
$891.0K
Q3 25
$-5.8M
$1.9M
Q2 25
$-10.1M
$6.2M
Q1 25
$15.8M
$5.9M
Q4 24
$-7.1M
$1.7M
Q3 24
$-1.4M
$-1.4M
Q2 24
$-8.5M
$5.1M
Q1 24
$-5.8M
$-326.0K
FCF Margin
BLND
BLND
RGS
RGS
Q4 25
-0.1%
1.6%
Q3 25
-17.6%
3.2%
Q2 25
-31.9%
10.3%
Q1 25
58.9%
10.3%
Q4 24
-23.5%
3.6%
Q3 24
-4.1%
-3.0%
Q2 24
-29.7%
10.3%
Q1 24
-24.5%
-0.7%
Capex Intensity
BLND
BLND
RGS
RGS
Q4 25
4.8%
1.4%
Q3 25
6.5%
0.7%
Q2 25
11.4%
0.9%
Q1 25
16.1%
0.6%
Q4 24
8.3%
0.9%
Q3 24
10.4%
0.0%
Q2 24
6.5%
0.0%
Q1 24
8.2%
0.1%
Cash Conversion
BLND
BLND
RGS
RGS
Q4 25
3.65×
Q3 25
-0.30×
1.68×
Q2 25
0.06×
Q1 25
24.80×
Q4 24
0.28×
Q3 24
Q2 24
0.06×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BLND
BLND

Mortgage Suite$18.9M58%
Consumer Banking Suite$11.4M35%
Professional Services$2.1M6%

RGS
RGS

Franchise Segment$37.9M66%
Royalty$13.6M24%
Other$2.8M5%
Fees$1.8M3%
Franchise Fees$1.0M2%

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