What are Blend Labs's profit margins?

Blend Labs (BLND) runs a 74.9% gross margin and a -14.7% operating margin, with a -4.2% net margin.

Where do Blend Labs's ratios come from?

Every ratio is computed from Blend Labs's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Blend Labs BLND Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	74.9%+1.1pp	73.8%+0.4pp	73.4%+0.1pp	73.3%+0.7pp	72.6%+0.7pp
Operating margin	-14.7%+2.8pp	-17.6%+0.1pp	-17.7%+4.8pp	-22.5%+7.5pp	-30%+12.2pp
Net margin	-4.2%+1.3pp	-5.5%-1.3pp	-4.2%+11.9pp	-16.1%+11.0pp	-27.1%+10.3pp
EBITDA margin	-11.4%+3.5pp	-14.9%+0.8pp	-15.7%+5.3pp	-21%+7.7pp	-28.8%+12.3pp
Free cash flow margin	-7.6%-7.5pp	-0.1%+5.8pp	-5.9%-3.6pp	-2.2%-1.3pp	-1%+18.7pp
Returns
Return on assets	-3.1%+0.8pp	-3.9%-1.2pp	-2.7%+8.0pp	-10.7%+5.9pp	-16.5%+6.0pp
Efficiency
Asset turnover	0.7×0.0×	0.7×+0.1×	0.6×0.0×	0.7×+0.1×	0.6×0.0×
Liquidity
Current ratio	1.8×-0.7×	2.5×0.0×	2.5×+0.1×	2.4×0.0×	2.4×-1.0×
Quick ratio	1.8×-0.7×	2.5×0.0×	2.5×+0.1×	2.4×0.0×	2.4×-1.0×
Cash ratio	0.8×-0.4×	1.1×-0.2×	1.3×+0.5×	0.8×-0.3×	1.1×+0.1×
Leverage
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Per Share
Book value per share	-$0.22-85.8%	-$0.12-136%	-$0.05+43.9%	-$0.09-34.1%	-$0.07+70.1%
Valuation
Market capitalization	$392.23M-52.3%	$789.63M-16.6%	$946.53M+9.0%	$868.64M-0.1%	$869.87M-19.3%
Enterprise value	$354.22M-53.5%	$746.05M-16.0%	$888.1M+7.1%	$829.49M+2.4%	$810.31M-22.3%
Price / sales	3.1×-3.8×	6.4×-1.4×	7.8×+0.7×	7.1×-0.2×	7.3×-2.0×
EV / sales	2.8×-3.6×	6×-1.3×	7.3×+0.5×	6.8×0.0×	6.8×-2.2×
Free cash flow yield	-2.5%-2.3pp	-0%+0.7pp	-0.8%-0.4pp	-0.3%-0.2pp	-0.1%+2.0pp
Earnings yield	-1.4%+2.6pp	-0.9%-0.3pp	-0.5%+1.7pp	-2.3%+1.4pp	-3.7%+0.3pp

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Questions, answered.

What are Blend Labs's profit margins?: Blend Labs (BLND) runs a 74.9% gross margin and a -14.7% operating margin, with a -4.2% net margin.
Where do Blend Labs's ratios come from?: Every ratio is computed from Blend Labs's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.