Blend Labs BLND Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 74.9%+1.1pp | 73.8%+0.4pp | 73.4%— | —— | —— | |
| Operating margin | -14.7%+2.8pp | -17.6%+0.1pp | -17.7%— | —— | —— | |
| Net margin | -4.2%+1.3pp | -5.5%-1.3pp | -4.2%— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.7×+0.1× | 0.6×— | —— | —— | |
| Liquidity | ||||||
| Current ratio | 1.8×-0.7× | 2.5×0.0× | 2.5×+0.1× | 2.4×0.0× | 2.4×-1.0× | |
| 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% | |
| Price / sales | 3.1×-3.8× | 6.4×-1.4× | 7.8×— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
