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Blend Labs, Inc.

BLND

$1.95 ▼ -0.06 (-2.99%) at close

8 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Moderately Bullish

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Analytical Summary

Blend Labs, Inc. demonstrates solid fundamentals with strength in Return on Common Equity (%). Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $505.0M

Dividend Yield —

Revenue Growth 6.8% ↗

Op. Margin -17.6% ↗

ROIC 208.0% ↗

FCF / Share $0.04 ↗

Trailing P/E —

Price / Book —

FCF Yield 2.3%

Debt / Equity 0.00

info Valuation on last close. End-of-day price, Aug 6, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$123.58M

↑ +6.8% —

Net Income Profit after all expenses

$-6.80M

↑ +84.3% —

Operating Margin Operating profit as % of sales

-17.6%

↑ +58.3% 11th

FCF / Share Free cash flow per share

$0.04

↑ +186.5% —

Long-Term Debt Long-term obligations

$0.00

— —

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Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns

Financial Health

Cash Quality

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Mar 31, 2025 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue Growth YoY (%)	6.8% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-44%)	-26.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-318%)	-33.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-378%)	0.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-97%)	144.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1102%)	89.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+646%)	—	—
EPS Growth YoY (%)	58.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	68.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	76.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-152.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	31.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	24.1% Good Good Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	84.3% Excellent ↑ Excellent Improving Year-over-year change in net income	75.7% Excellent ↑ Excellent Improving Year-over-year change in net income	75.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-323.8% Weak ↓ Weak Declining Year-over-year change in net income	-127.7% Weak Weak Year-over-year change in net income	8.4% Fair Fair Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	90.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	36.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	17.0% Good ↓ Good Declining Year-over-year change in free cash flow	41.8% Excellent Excellent Year-over-year change in free cash flow	7.3% Fair Fair Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-19.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-21.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	17.8% Excellent Excellent Compound annual revenue growth over 3 years	66.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	5.2% Fair Fair Compound annual revenue growth over 5 years	18.0% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Mar 31, 2025 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Operating Margin (%) (%)	-17.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-188%)	-42.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-311%)	-99.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-598%)	-317.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1686%)	-84.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-521%)	-78.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-492%)	-161.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-906%)	—
Effective Tax Rate (%) (%)	-28.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.7% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-5.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-137%)	-37.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-350%)	-113.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-860%)	-306.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2141%)	-72.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-583%)	-77.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-618%)	-160.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1172%)	—
FCF Margin (%) (%)	9.3% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-11.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-81.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-81.0% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	-55.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-69.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-117.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-1.69x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.30x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.71x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.26x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.76x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.89x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.73x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Mar 31, 2025 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Return on Invested Capital (%)	208.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	86.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-131.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-218.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-16.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-46.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-60.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-11.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-27.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-75.8% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-172.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-17.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	-34.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	50.7% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+174%)	76.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+316%)	—	—	-21.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-219%)	-45.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-347%)	-60.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-426%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Mar 31, 2025 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	0.00x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	-7.19x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-1698%)	1.76x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+291%)	0.28x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—
Interest Coverage (x)	—	-7.94x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-5.07x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-30.10x Weak Weak Operating income divided by interest expense Optimal: > 5x	-17.49x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$-55.02M	$-38.01M	$107.37M	$92.60M	$761.00K	$-41.09M	$-22.65M	—
Debt / EBITDA (x)	0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.90x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.29x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.15x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Mar 31, 2025 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue per Share (USD)	$0.48	$0.46	$0.64	$1.00	$1.78	$2.44	$1.55	—
Basic EPS, GAAP (USD)	$-0.10	$-0.24	$-0.76	$-3.28	$-1.30	$-1.89	$-2.49	—
Free Cash Flow per Share (USD)	$0.04	$-0.05	$-0.52	$-0.81	$-0.98	$-1.68	$-1.82	—
Book Value per Share (USD)	$-0.05	$-0.22	$-0.08	$0.51	$3.36	$4.14	$4.12	—
Tangible Book Value per Share (USD)	$-0.05	$-0.22	$-0.09	$0.50	$1.37	$4.11	$4.12	—
Basic Weighted Avg Shares (shares)	258.95M	253.92M	245.21M	234.16M	131.99M	39.41M	32.78M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Mar 31, 2025 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Working Capital (USD)	$70.05M	$96.22M	$138.26M	$360.62M	$552.99M	$151.12M	—	—
LT Debt (USD)	$0.00	$0.00	$138.33M	$216.80M	$213.84M	$0.00	—	—
Total Equity (USD)	$-13.41M	$-56.36M	$-19.24M	$123.17M	$774.64M	$163.34M	$134.97M	$71.29M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Mar 31, 2025 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Sales/Revenue/Turnover (USD)	$123.58M	$115.76M	$156.85M	$235.20M	$234.50M	$96.03M	$50.67M	—
Depreciation Expense (USD)	$3.29M	$1.34M	$2.46M	$10.77M	$10.61M	$3.99M	$4.76M	—
Net Income, GAAP (USD)	$-6.80M	$-43.34M	$-178.69M	$-720.17M	$-169.91M	$-74.62M	$-81.45M	—
Operating Cash Flow (USD)	$11.51M	$-13.04M	$-127.62M	$-190.42M	$-127.50M	$-65.01M	$-58.94M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 8 years · 26 quarters

Blend Labs, Inc.

Analytical Summary

8-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

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