Blend Labs (BLND) Debt Ratio (2021 - 2024)
Blend Labs (BLND) posted Debt Ratio of 0.69 for Q1 2024, up 2.52% on a QoQ basis from 0.67 in Q4 2023, and up 21.96% year-over-year from 0.56 in Q2 2023.
Analysis
Blend Labs (BLND) Debt Ratio (2021 - 2024) Analysis & Trends
Blend Labs has reported Debt Ratio for 4 years, with the latest figure at 0.69 in Q1 2024.
- On a quarterly basis, Debt Ratio rose 21.96% year-over-year to 0.69 in Q1 2024; TTM through Mar 2024 was 0.69, a 21.96% increase from a year earlier, with the FY2023 full-year figure at 0.67, up 34.0% from the prior year.
- Debt Ratio was 0.69 for Q1 2024 at Blend Labs, up from 0.67 in the prior quarter.
- The five-year high for Debt Ratio was 0.69 in Q1 2024, with the low at 0.18 in Q3 2021.
- Average Debt Ratio over 4 years is 0.44, with a median of 0.47 recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Debt Ratio soared 177.36% in 2023, then gained 21.96% in 2024.
- Over 4 years, Debt Ratio stood at 0.19 in 2021, then soared by 160.62% to 0.5 in 2022, then surged by 34.0% to 0.67 in 2023, then rose by 2.52% to 0.69 in 2024.
- The last three Debt Ratio figures came in at 0.69 (Q1 2024), 0.67 (Q4 2023), and 0.69 (Q3 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn | 0.05 |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn | 0.28 |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - | 0.04 |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - | 0.05 |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn | 0.03 |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 0.36 |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn | - |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn | 0.07 |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn | 0.41 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 0.69 |
| Dec 31, 2023 | 0.67 |
| Sep 30, 2023 | 0.69 |
| Jun 30, 2023 | 0.62 |
| Mar 31, 2023 | 0.56 |
| Dec 31, 2022 | 0.50 |
| Sep 30, 2022 | 0.44 |
| Jun 30, 2022 | 0.36 |
| Mar 31, 2022 | 0.20 |
| Dec 31, 2021 | 0.19 |
| Sep 30, 2021 | 0.18 |
| Jun 30, 2021 | 0.19 |