What is Blend Labs's net margin?

Blend Labs (BLND) reported net margin of -4.2% in Q1 2026.

How has Blend Labs's net margin changed year-over-year?

Blend Labs's net margin increased by 84.6% year-over-year, from -27.1% to -4.2%.

What is the long-term trend for Blend Labs's net margin?

Over 4 years (2020 to 2025), Blend Labs's net margin has grown at a -48.4% compound annual growth rate (CAGR), from -77.7% to -5.5%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Blend Labs BLND Net margin

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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

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.

net income/total revenue=-4.2%

Based on trailing twelve months.

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 net margin?: Blend Labs (BLND) reported net margin of -4.2% in Q1 2026.
How has Blend Labs's net margin changed year-over-year?: Blend Labs's net margin increased by 84.6% year-over-year, from -27.1% to -4.2%.
What is the long-term trend for Blend Labs's net margin?: Over 4 years (2020 to 2025), Blend Labs's net margin has grown at a -48.4% compound annual growth rate (CAGR), from -77.7% to -5.5%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.