Blend Labs BLND Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 73.8%+1.9pp | 71.9%— | —— | 38.1%-11.3pp | |
| Operating margin | -17.6%+24.6pp | -42.2%— | —— | -317.3%-233pp | |
| Net margin | -5.5%+31.9pp | -37.4%— | —— | -306.2%-234pp | |
| EBITDA margin | -14.9%+26.1pp | -41%— | —— | -312.7%-233pp | |
| Free cash flow margin | -0.1%+19.6pp | -19.7%— | —— | -81.8%-26.7pp | |
| Returns | |||||
| Return on assets | -3.9%+18.7pp | -22.6%+33.4pp | -55.9%+37.3pp | -93.2%-67.6pp | |
| Efficiency | |||||
| Asset turnover | 0.7×+0.1× | 0.6×— | —— | 0.3×0.0× | |
| Liquidity | |||||
| Current ratio | 2.5×-0.9× | 3.5×-1.9× | 5.4×-5.8× | 11.2×+1.0× | |
| Quick ratio | 2.5×-0.9× | 3.5×-1.9× | 5.4×-5.8× | 11.2×+1.0× | |
| Cash ratio | 1.1×+0.2× | 1×-0.2× | 1.2×-2.4× | 3.7×0.0× | |
| Leverage | |||||
| Debt-to-assets | 0×0.0× | 0×-0.7× | 0.7×+0.2× | 0.5×+0.3× | |
| Per Share | |||||
| Book value per share | -$0.12+47.0% | -$0.22-183% | -$0.08-115% | $0.53-91.0% | |
| Valuation | |||||
| Market capitalization | $392.23M-52.3% | $1.08B+70.2% | $632.91M+84.9% | $342.29M-79.7% | |
| Enterprise value | $354.22M-53.5% | $1.04B+40.2% | $744.35M+67.4% | $444.72M-73.9% | |
| Price / sales | 3.1×-3.8× | 9.3×— | —— | 1.5×-5.7× | |
| EV / sales | 2.8×-3.6× | 9×— | —— | 1.9×-5.4× | |
| Free cash flow yield | -2.5%-2.3pp | -2.1%+18.1pp | -20.2%+36.1pp | -56.2%-48.6pp | |
| Earnings yield | -1.4%+2.6pp | -4%+24.2pp | -28.2%+182pp | -210.4%-200pp |
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.
