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Blend Labs BLND Operating margin

Operating margin at other companies

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42.2%+4.5pp
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-343.9%
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-1.6%-0.4pp

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
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.

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 operating margin?
Blend Labs (BLND) reported operating margin of -14.7% in Q1 2026.
How has Blend Labs's operating margin changed year-over-year?
Blend Labs's operating margin increased by 50.8% year-over-year, from -30% to -14.7%.
What is the long-term trend for Blend Labs's operating margin?
Over 4 years (2020 to 2025), Blend Labs's operating margin has grown at a -31.2% compound annual growth rate (CAGR), from -78.4% to -17.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.