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Side-by-side financial comparison of Blend Labs, Inc. (BLND) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $32.4M, roughly 1.2× Blend Labs, Inc.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -7.8%, a 12.8% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs 7.6%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% CAGR vs 16.6%).

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...

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

BLND vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.2× larger
STRW
$40.1M
$32.4M
BLND
Growing faster (revenue YoY)
STRW
STRW
+23.9% gap
STRW
31.5%
7.6%
BLND
Higher net margin
STRW
STRW
12.8% more per $
STRW
5.0%
-7.8%
BLND
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
16.6%
BLND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BLND
BLND
STRW
STRW
Revenue
$32.4M
$40.1M
Net Profit
$-2.5M
$2.0M
Gross Margin
75.7%
Operating Margin
-11.1%
52.4%
Net Margin
-7.8%
5.0%
Revenue YoY
7.6%
31.5%
Net Profit YoY
-207.0%
37.6%
EPS (diluted)
$0.15

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
STRW
STRW
Q4 25
$32.4M
$40.1M
Q3 25
$32.7M
$39.7M
Q2 25
$31.6M
$37.9M
Q1 25
$26.8M
$37.3M
Q4 24
$30.1M
$30.5M
Q3 24
$33.1M
$29.5M
Q2 24
$28.7M
$29.3M
Q1 24
$23.8M
$27.8M
Net Profit
BLND
BLND
STRW
STRW
Q4 25
$-2.5M
$2.0M
Q3 25
$12.1M
$2.0M
Q2 25
$-6.8M
$2.0M
Q1 25
$-9.5M
$1.6M
Q4 24
$-825.0K
$1.5M
Q3 24
$-2.4M
$944.0K
Q2 24
$-19.4M
$938.0K
Q1 24
$-20.7M
$746.0K
Gross Margin
BLND
BLND
STRW
STRW
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
STRW
STRW
Q4 25
-11.1%
52.4%
Q3 25
-16.4%
56.6%
Q2 25
-15.3%
54.5%
Q1 25
-29.7%
54.1%
Q4 24
-10.9%
51.5%
Q3 24
-34.1%
54.4%
Q2 24
-45.5%
52.3%
Q1 24
-89.0%
51.3%
Net Margin
BLND
BLND
STRW
STRW
Q4 25
-7.8%
5.0%
Q3 25
37.0%
5.1%
Q2 25
-21.6%
5.2%
Q1 25
-35.5%
4.2%
Q4 24
-2.7%
4.8%
Q3 24
-7.4%
3.2%
Q2 24
-67.6%
3.2%
Q1 24
-86.7%
2.7%
EPS (diluted)
BLND
BLND
STRW
STRW
Q4 25
$0.15
Q3 25
$0.02
$0.16
Q2 25
$0.16
Q1 25
$0.13
Q4 24
$-0.03
$0.17
Q3 24
$-0.03
$0.14
Q2 24
$-0.09
$0.14
Q1 24
$-0.09
$0.12

Balance Sheet & Financial Strength

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

Metric
BLND
BLND
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$68.3M
$31.8M
Total DebtLower is stronger
$0
$794.7M
Stockholders' EquityBook value
$-30.5M
$12.1M
Total Assets
$170.0M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLND
BLND
STRW
STRW
Q4 25
$68.3M
$31.8M
Q3 25
$77.3M
$19.8M
Q2 25
$88.3M
$96.3M
Q1 25
$104.8M
$42.3M
Q4 24
$94.2M
$48.4M
Q3 24
$112.3M
$29.3M
Q2 24
$108.9M
$16.1M
Q1 24
$121.1M
$15.1M
Total Debt
BLND
BLND
STRW
STRW
Q4 25
$0
$794.7M
Q3 25
$0
$779.4M
Q2 25
$0
$794.1M
Q1 25
$0
$715.5M
Q4 24
$0
$673.9M
Q3 24
$0
$584.5M
Q2 24
$0
$555.0M
Q1 24
$138.9M
$560.4M
Stockholders' Equity
BLND
BLND
STRW
STRW
Q4 25
$-30.5M
$12.1M
Q3 25
$-13.4M
$14.2M
Q2 25
$-23.1M
$15.5M
Q1 25
$-17.2M
$19.6M
Q4 24
$-56.4M
$18.2M
Q3 24
$-49.6M
$12.6M
Q2 24
$-45.5M
$7.4M
Q1 24
$-35.8M
$7.5M
Total Assets
BLND
BLND
STRW
STRW
Q4 25
$170.0M
$885.2M
Q3 25
$188.6M
$880.6M
Q2 25
$182.2M
$897.3M
Q1 25
$187.5M
$834.8M
Q4 24
$178.1M
$787.6M
Q3 24
$186.1M
$661.5M
Q2 24
$185.4M
$635.9M
Q1 24
$201.8M
$634.9M
Debt / Equity
BLND
BLND
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$1.5M
$90.0M
Free Cash FlowOCF − Capex
$-21.0K
FCF MarginFCF / Revenue
-0.1%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters
$-81.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLND
BLND
STRW
STRW
Q4 25
$1.5M
$90.0M
Q3 25
$-3.6M
$20.7M
Q2 25
$-6.5M
$29.8M
Q1 25
$20.1M
$19.0M
Q4 24
$-4.6M
$59.3M
Q3 24
$2.1M
$11.8M
Q2 24
$-6.7M
$20.6M
Q1 24
$-3.9M
$2.1M
Free Cash Flow
BLND
BLND
STRW
STRW
Q4 25
$-21.0K
Q3 25
$-5.8M
Q2 25
$-10.1M
Q1 25
$15.8M
Q4 24
$-7.1M
Q3 24
$-1.4M
Q2 24
$-8.5M
Q1 24
$-5.8M
FCF Margin
BLND
BLND
STRW
STRW
Q4 25
-0.1%
Q3 25
-17.6%
Q2 25
-31.9%
Q1 25
58.9%
Q4 24
-23.5%
Q3 24
-4.1%
Q2 24
-29.7%
Q1 24
-24.5%
Capex Intensity
BLND
BLND
STRW
STRW
Q4 25
4.8%
Q3 25
6.5%
Q2 25
11.4%
Q1 25
16.1%
Q4 24
8.3%
Q3 24
10.4%
Q2 24
6.5%
Q1 24
8.2%
Cash Conversion
BLND
BLND
STRW
STRW
Q4 25
44.62×
Q3 25
-0.30×
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

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%

STRW
STRW

Segment breakdown not available.

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