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Blend Labs, Inc. BLND

NYSE · stock · Services-Computer Programming, Data Processing, Etc. · website · IPO 2021-07-16

Blend Labs, Inc. statistics & valuation

Market cap$418.9M
P / S3.4×
Net margin-5.5%
Net cash$45.1M
Enterprise value USD$373.8M
Earnings yield EBIT/EV-5.8%
Return on capital-16.6%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-77.70% -72.50% -306.20% -163.10% -37.40% -5.50% 202020212022202320242025
Gross margin (%)
64.30% 49.50% 38.10% 69.80% 71.90% 73.80% 202020212022202320242025
Operating margin (%)
-78.40% -84.10% -317.30% -131.10% -42.20% -17.60% 202020212022202320242025
Return on equity (%)
-45.70% -21.90% -584.70% 202020212022202320242025
Shares outstanding
39.4M 230.3M 240.9M 249.9M 258.2M 258.9M 202020212022202320242025
Net debt ($)
-$41.1M $761000 $92.6M $114.8M -$38.0M -$45.1M 202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-34.60% -15.30% -166.40% -86.70% -24.30% -4.00% 202020212022202320242025
Free cash flow margin (%)
-69.10% -55.10% 202020212022202320242025
Debt / equity (×)
0.00× 0.28× 1.76× 202020212022202320242025
EPS ($)
-$1.89 -$1.30 -$3.28 -$0.76 -$0.24 -$0.10 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Gross margin73.8%71.9%69.8%38.1%49.5%64.3%
Operating margin-17.6%-42.2%-131.1%-317.3%-84.1%-78.4%
Net margin-5.5%-37.4%-163.1%-306.2%-72.5%-77.7%
FCF margin————-55.1%-69.1%
Return on assets-4.0%-24.3%-86.7%-166.4%-15.3%-34.6%
Return on equity22.3%76.9%928.6%-584.7%-21.9%-45.7%
Debt / equity-0.00×-0.00×-7.19×1.76×0.28×0.00×
Current ratio2.533.475.3811.1710.215.31

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.