What is Blend Labs's EV / sales?

Blend Labs (BLND) reported EV / sales of 3.1× in Q1 2026.

How has Blend Labs's EV / sales changed year-over-year?

Blend Labs's EV / sales decreased by 54.2% year-over-year, from 6.8× to 3.1×.

What is the long-term trend for Blend Labs's EV / sales?

Over 3 years (2021 to 2025), Blend Labs's EV / sales has grown at a -5.9% compound annual growth rate (CAGR), from 7.3× to 6×.

What does EV / sales mean?

Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.

Blend Labs BLND EV / sales

EV / sales at other companies

Intercontinental ExchangeICE

8.4×-1.4×

nCino, Inc.NCNO

3.6×-1.1×

Primis Financial Corp.FRST

2.2×+1.0×

PCB BancorpPCB

0.6×-0.1×

Bridgewater Bancshares, Inc.BWB

2.5×+1.2×

California BanCorpBCAL

1.2×+0.5×

Other financials

Income statement

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Revenue$30.8M+14.9%

Gross profit$23.4M+23.0%

Operating income-$5.1M+36.6%

Net income-$8.0M+15.4%

EPS (diluted)-$0.05+16.7%

Balance sheet

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Cash & equivalents$39.4M-35.7%

Total debt$1.4M-20.8%

Total equity-$55.9M-226%

Total assets$161.3M-14.0%

Cash flow

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Operating cash flow$7.4M-63.5%

CapEx$1.1M-74.1%

Free cash flow$6.2M-60.5%

Valuation

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Market cap$392.23M-52.3%

Enterprise value$354.22M-53.5%

P/S3.1×-3.8×

Profitability

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Gross margin74.9%+2.3pp

Operating margin-14.7%-5.0pp

Net margin-4.2%-1.9pp

FCF margin-7.6%-8.9pp

Returns & leverage

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Return on equity-251.8%+881pp

Debt / equity36.8×+35.5×

Current ratio1.8×-0.6×

Where this comes from

Calculated from Blend Labs’s reported figures.

enterprise value/total revenue=3.1×

Based on the most recent quarter.

The official record: Blend Labs’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Blend Labs's EV / sales?: Blend Labs (BLND) reported EV / sales of 3.1× in Q1 2026.
How has Blend Labs's EV / sales changed year-over-year?: Blend Labs's EV / sales decreased by 54.2% year-over-year, from 6.8× to 3.1×.
What is the long-term trend for Blend Labs's EV / sales?: Over 3 years (2021 to 2025), Blend Labs's EV / sales has grown at a -5.9% compound annual growth rate (CAGR), from 7.3× to 6×.
What does EV / sales mean?: Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.