Market SignalsSQ
Cash App's Lending Business Just Crossed a Billion in Originations
Block's payments app is evolving into a full-service bank for 55 million underbanked Americans. The lending ramp is in its first inning.
Apr 11, 2026
Financial Technology
Financial technology company operating Square, Cash App, and Bitcoin-focused services.
View forensic reportBlock's payments app is evolving into a full-service bank for 55 million underbanked Americans. The lending ramp is in its first inning.
Block tripled revenue in four years while turning operating income positive for the first time. At $40 billion market cap, the market is still pricing the losses that no longer exist.