Blend Labs, Inc. (BLND) Financial Ratios
7 years of historical data (2019–2025) · Technology · Software - Application
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
N/A
—
5yr avg: 9.12
30Y Low2.1·High23.2
ROE
↓
N/A
—
5yr avg: -204.8%
30Y Low-432%·High-35%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BLND Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Blend Labs, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $409M | $787M | $1.1B | $625M | $337M | $1.7B | — | — |
| Enterprise Value | $526M | $905M | $1.0B | $744M | $445M | $1.7B | — | — |
| P/E Ratio → | -16.10 | — | — | — | — | — | — | — |
| P/S Ratio | 3.31 | 6.37 | 6.60 | 3.99 | 1.43 | 7.21 | — | — |
| P/B Ratio | — | — | — | 23.20 | 2.06 | 2.09 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | 35.50 | 68.38 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
BLND EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.32 | 6.36 | 4.74 | 1.89 | 7.29 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
BLND Profitability
Margins and return-on-capital ratios measuring operating efficiency
Blend Labs, Inc. earns an operating margin of -17.0%. Operating margins have expanded from -99.6% to -17.0% over the past 3 years, signaling improving operational efficiency.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.8% | 73.8% | 55.9% | 51.7% | 38.1% | 49.5% | 64.3% | 61.4% |
| Operating Margin | -17.0% | -17.0% | -30.6% | -99.6% | -317.3% | -84.1% | -78.4% | -161.3% |
| Net Profit Margin | -5.5% | -5.5% | -30.6% | -118.2% | -326.8% | -73.1% | -77.7% | -160.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | — | — | -432.0% | -194.2% | -157.7% | -35.2% | -50.0% | -60.3% |
| ROA | -3.9% | -3.9% | -25.8% | -58.0% | -99.5% | -25.8% | -39.6% | -50.5% |
| ROIC | -70.7% | -70.7% | -72.1% | -56.1% | -101.6% | -30.5% | -45.0% | -54.6% |
| ROCE | -15.5% | -15.5% | -31.7% | -54.6% | -102.9% | -32.0% | -47.0% | -58.6% |
BLND Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $117M ($161M total debt minus $44M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 5.56 | 1.42 | 0.29 | 0.10 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | 4.41 | 0.66 | 0.02 | -0.15 | -0.17 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | -5.42 | -4.84 | -29.90 | -17.44 | — | — |
BLND Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Blend Labs, Inc.'s current ratio of 2.48x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 5.38x to 2.48x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.48 | 2.48 | 3.47 | 5.38 | 11.17 | 10.21 | 5.31 | 6.67 |
| Quick Ratio | 2.48 | 2.48 | 3.47 | 5.38 | 11.17 | 10.21 | 5.31 | 6.49 |
| Cash Ratio | 1.73 | 1.73 | 2.53 | 4.34 | 9.98 | 9.12 | 4.33 | 5.86 |
| Asset Turnover | — | 0.73 | 0.91 | 0.76 | 0.54 | 0.21 | 0.45 | 0.31 |
| Inventory Turnover | — | — | — | — | — | — | — | 5.05 |
| Days Sales Outstanding | — | 41.53 | 44.84 | 46.40 | 37.20 | 61.38 | 92.05 | 78.07 |
BLND Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Blend Labs, Inc. returns 6.1% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 6.1% | 3.2% | 0.0% | 0.0% | 0.1% | 0.0% | — | — |
| Total Shareholder Yield | 6.1% | 3.2% | 0.0% | 0.0% | 0.1% | 0.0% | — | — |
| Shares Outstanding | — | $259M | $254M | $245M | $234M | $230M | $220M | $220M |
Peer Comparison
Compare BLND with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BLNDYou | $409M | -16.1 | — | — | 73.8% | -17.0% | — | -70.7% | — |
 UWMC | $526M | 28.2 | 7.7 | — | 85.6% | 58.0% | 1.5% | 8.9% | 7.7 |
 BETR | $469M | -2.8 | — | — | 77.7% | -64.3% | -446.1% | -13.5% | — |
 PFSI | $5B | 9.5 | 18.1 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 GHLD | $439M | 12.8 | 21.4 | — | 90.6% | 10.1% | 8.0% | 2.4% | 19.4 |
 ICE | $88B | 27.1 | 16.7 | 20.6 | 61.9% | 38.7% | 11.7% | 7.5% | 3.1 |
 CLPT | $343M | -13.0 | — | — | 61.4% | -65.4% | -95.6% | -73.7% | — |
 OPEN | $4B | -3.1 | — | 3.9 | 7.0% | -6.2% | -151.3% | -15.8% | — |
 TREE | $552M | 3.7 | 8.7 | 9.1 | 94.3% | 7.3% | 76.5% | 9.0% | 4.2 |
 NRDS | $726M | 15.3 | 5.4 | 5.6 | 92.4% | 8.3% | 13.2% | 14.0% | — |
 UPST | $3B | 64.4 | 50.1 | — | 95.2% | 5.1% | 7.5% | 1.7% | 23.4 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonBLND — Frequently Asked Questions
Quick answers to the most common questions about buying BLND stock.
What is Blend Labs, Inc.'s P/E ratio?
Blend Labs, Inc.'s current P/E ratio is -16.1x. This places it at the 50th percentile of its historical range.
Is BLND stock overvalued?
Based on historical data, Blend Labs, Inc. is trading at a P/E of -16.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Blend Labs, Inc.'s profit margins?
Blend Labs, Inc. has 73.8% gross margin and -17.0% operating margin.