Blend Labs (BLND) EV to EBITDA (2021 - 2026)
Blend Labs (BLND) posted EV to EBITDA of 228.15 for Q2 2026, down 219.47% on a QoQ basis from 71.42 in Q1 2026, and down 43.02% year-over-year from 400.41 in Q2 2025.
Analysis
Blend Labs (BLND) EV to EBITDA (2021 - 2026) Analysis & Trends
Blend Labs has reported EV to EBITDA for 6 years, with the latest figure at 228.15 in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 43.02% year-over-year to 228.15 in Q2 2026; TTM through Jun 2026 was 21.39, a 23.98% increase from a year earlier, with the FY2025 full-year figure at 32.6, down 52.37% from the prior year.
- EV to EBITDA was 228.15 for Q2 2026 at Blend Labs, down from 71.42 in the prior quarter.
- The five-year high for EV to EBITDA was 0.36 in Q1 2023, with the low at 319.39 in Q4 2024.
- Average EV to EBITDA over 5 years is 78.78, with a median of 50.6 recorded in 2023.
- The sharpest annual moves came in 2023 and 2024: EV to EBITDA surged 102.92% in 2023, then sank 14270.24% in 2024.
- Over 5 years, EV to EBITDA stood at 0.45 in 2022, then plunged by 13315.2% to 59.87 in 2023, then sank by 433.45% to 319.39 in 2024, then soared by 54.03% to 146.82 in 2025, then plunged by 55.4% to 228.15 in 2026.
- The last three EV to EBITDA figures came in at 228.15 (Q2 2026), 71.42 (Q1 2026), and 146.82 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Upstart Holdings | 2.73 Bn | 2.28 Bn | 303.39 Mn |
| 2 | Pagaya Technologies | 1.92 Bn | 1.72 Bn | 168.33 Mn |
| 3 | Qfin Holdings | 1.10 Bn | 108.74 Mn | - |
| 4 | FinVolution | 856.70 Mn | -70.30 Mn | - |
| 5 | X Financial | 432.29 Mn | -136.02 Mn | 84.09 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn |
| 7 | Blend Labs | 361.86 Mn | 317.00 Mn | 24.89 Mn |
| 8 | LexinFintech Holdings | 294.80 Mn | 294.80 Mn | 73.06 Mn |
| 9 | Antalpha Platform Holding | 85.61 Mn | -804.10 Mn | 11.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -228.15 |
| Mar 31, 2026 | -71.42 |
| Dec 31, 2025 | -146.82 |
| Sep 30, 2025 | -163.10 |
| Jun 30, 2025 | -159.53 |
| Mar 31, 2025 | -95.52 |
| Dec 31, 2024 | -319.39 |
| Sep 30, 2024 | -79.59 |
| Jun 30, 2024 | -41.33 |
| Mar 31, 2024 | -35.18 |
| Dec 31, 2023 | -59.87 |
| Sep 30, 2023 | -3.85 |
| Jun 30, 2023 | -0.29 |
| Mar 31, 2023 | 0.36 |
| Dec 31, 2022 | -0.45 |
| Sep 30, 2022 | -1.26 |
| Jun 30, 2022 | -0.30 |
| Mar 31, 2022 | -12.36 |
| Dec 31, 2021 | -21.25 |
| Sep 30, 2021 | -36.15 |