Blend Labs reported a gross margin of 73.54% and a net margin of -18.94% for the quarter ended Jun 2026. These financial ratios cover 25 quarters of results from Jun 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||
| Gross Margin | 45.02% | 43.15% | 40.36% | 38.55% | 38.14% | 33.67% | 42.46% | 54.87% | 54.35% | -134.46% | 67.29% | 70.88% | 74.01% | 74.16% | 70.78% | 73.84% | 74.26% | 73.84% | 75.75% | 73.54% | |||||
| EBT Margin | -84.89% | -80.77% | -105.16% | -728.02% | -239.79% | -189.24% | -177.10% | -96.78% | -102.92% | 161.27% | -86.69% | -66.80% | -1.84% | -7.32% | -25.58% | -12.04% | 36.71% | -12.04% | -16.28% | -4.00% | |||||
| EBIT Margin | -78.75% | -73.92% | -97.52% | -719.29% | -234.60% | -175.66% | -164.55% | -85.77% | -89.18% | 82.67% | -89.01% | -45.54% | -34.08% | -10.86% | -29.73% | -15.26% | -16.35% | -15.26% | -16.41% | -4.66% | |||||
| EBITDA Margin | -78.75% | -73.92% | -97.52% | -719.29% | -234.60% | -175.66% | -164.55% | -85.77% | -89.18% | 82.67% | -89.01% | -45.54% | -34.08% | -10.86% | -29.73% | -15.26% | -16.35% | -15.26% | -16.41% | -4.66% | |||||
| Operating Margin | -78.75% | -73.92% | -97.52% | -719.29% | -234.60% | -175.66% | -164.55% | -85.77% | -89.18% | 82.67% | -89.01% | -45.54% | -34.08% | -10.86% | -29.73% | -15.26% | -16.35% | -15.26% | -16.41% | -4.66% | |||||
| Net Margin | -85.88% | -90.28% | -102.83% | -729.92% | -242.04% | -193.32% | -180.72% | -100.02% | -106.46% | 284.21% | -92.82% | -82.22% | -24.93% | -21.60% | -55.78% | -35.48% | 23.06% | -35.48% | -41.44% | -18.94% | |||||
| FCF Margin | -35.55% | -54.24% | -64.47% | -72.71% | -92.01% | -111.70% | -125.77% | -80.72% | -63.85% | 180.66% | -24.46% | -29.68% | -4.08% | -23.52% | 58.87% | -29.50% | -15.31% | 4.23% | 23.81% | 20.43% | |||||
| Efficiency | |||||||||||||||||||||||||
| Assets AverageAssets Avg. | 1,110.88M | 1,145.36M | 1,083.46M | 826.88M | 546.05M | 462.77M | 409.10M | 367.97M | 334.43M | 262.21M | 203.91M | 193.59M | 185.77M | 182.11M | 182.78M | 184.83M | 185.40M | 179.33M | 165.65M | 152.41M | |||||
| Invested CapitalInvested Cap. | 1,041.91M | 988.49M | 941.50M | 494.42M | 391.52M | 339.97M | 288.85M | 259.51M | 225.30M | 119.09M | 103.09M | -45.47M | -49.60M | -56.36M | |||||||||||
| Asset Utilization RatioAsset Util. | 0.17 | 0.20 | 0.25 | 0.37 | 0.50 | 0.51 | 0.49 | 0.48 | 0.49 | 0.42 | 0.47 | 0.42 | 0.40 | 0.64 | 0.65 | 0.66 | 0.65 | 0.68 | 0.77 | 0.85 | |||||
| Leverage & Solvency | |||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -12.56 | -10.57 | -12.55 | -82.33 | -21.09 | -10.23 | -8.12 | -4.62 | -4.41 | -1.31 | -4.16 | -7.93 | |||||||||||||
| Debt Ratio | 0.18 | 0.19 | 0.20 | 0.36 | 0.44 | 0.50 | 0.56 | 0.62 | 0.69 | 0.67 | 0.69 | ||||||||||||||
| Times Interest Earned | -12.56 | -10.57 | -12.55 | -82.33 | -21.09 | -10.23 | -8.12 | -4.62 | -4.41 | -1.31 | -4.16 | -7.93 | |||||||||||||
| Valuation | |||||||||||||||||||||||||
| Price to EarningsP/E | -40.26 | -24.39 | -18.01 | -1.16 | -3.92 | -4.19 | -3.60 | -5.44 | -7.86 | -20.03 | -37.06 | -25.43 | -116.27 | -167.06 | -57.91 | -76.47 | 125.94 | -69.35 | -32.90 | -63.09 | |||||
| Price to SalesP/S | 34.58 | 22.02 | 18.52 | 8.45 | 9.49 | 8.11 | 6.50 | 5.44 | 8.37 | -56.93 | 34.40 | 20.91 | 28.99 | 36.08 | 32.30 | 27.13 | 29.04 | 24.61 | 13.63 | 11.95 | |||||
| Price to BookP/B | 3.74 | 2.30 | 1.82 | 1.98 | 2.99 | 2.82 | 3.40 | 5.64 | 53.99 | -33.12 | -22.93 | -13.19 | -19.35 | -19.29 | -50.49 | -37.22 | -70.80 | -25.54 | -7.52 | -5.44 | |||||
| Enterprise Value | 2,550.13M | 1,272.02M | 862.38M | 141.88M | 163.75M | 33.54M | -22.15M | 10.56M | 139.48M | 554.00M | 746.61M | 540.18M | 897.99M | 1,045.04M | 762.25M | 769.87M | 872.11M | 708.53M | 361.43M | 359.57M | |||||
| EV to EBIT | -36.15 | -21.25 | -12.36 | -0.30 | -1.26 | -0.45 | 0.36 | -0.29 | -3.85 | -59.87 | -35.18 | -41.33 | -79.59 | -319.39 | -95.52 | -159.53 | -163.10 | -146.82 | -71.42 | -228.15 | |||||
| EV to EBITDA | -36.15 | -21.25 | -12.36 | -0.30 | -1.26 | -0.45 | 0.36 | -0.29 | -3.85 | -59.87 | -35.18 | -41.33 | -79.59 | -319.39 | -95.52 | -159.53 | -163.10 | -146.82 | -71.42 | -228.15 | |||||
| Market Capitalization | 3,097.19M | 1,783.30M | 1,324.68M | 554.12M | 525.05M | 346.94M | 242.68M | 232.80M | 339.69M | 637.27M | 820.04M | 599.93M | 959.55M | 1,086.91M | 867.06M | 858.17M | 949.37M | 778.37M | 420.47M | 404.44M | |||||
| Price to FCFP/FCF | -97.28 | -40.60 | -28.73 | -11.63 | -10.31 | -7.26 | -5.17 | -6.74 | -13.11 | -31.52 | -140.61 | -70.43 | -710.25 | -153.43 | 54.87 | -91.98 | -189.68 | 582.18 | 57.25 | 58.50 | |||||
| EV to FCF | -80.09 | -28.96 | -18.70 | -2.98 | -3.22 | -0.70 | 0.47 | -0.31 | -5.38 | -27.40 | -128.02 | -63.42 | -664.68 | -147.52 | 48.23 | -82.52 | -174.25 | 529.94 | 49.21 | 52.01 | |||||
| EV to CFO | -81.53 | -29.50 | -18.81 | -3.03 | -3.24 | -0.71 | 0.47 | -0.31 | -5.39 | -26.77 | -193.02 | -81.04 | 432.56 | -227.88 | 37.89 | -134.33 | -302.50 | 244.66 | 42.71 | 46.47 | |||||
| Return Ratios | |||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -78.75% | -73.92% | -97.52% | -719.29% | -234.60% | -175.66% | -164.55% | -85.77% | -89.18% | 82.67% | -89.01% | -45.54% | -34.08% | -10.86% | -29.73% | -15.26% | -16.35% | -15.26% | -16.41% | -4.66% | |||||
| Return on Capital Employed [ROCE]ROCE | -14.65% | -18.17% | -23.29% | -86.22% | -145.61% | -174.63% | -199.86% | -91.02% | -70.40% | -62.27% | -64.08% | -52.44% | -39.01% | -34.14% | -28.44% | -20.65% | -15.33% | -16.43% | -17.57% | -15.90% | |||||
| Return on Invested Capital [ROIC]ROIC | -12.75% | -15.80% | -20.80% | -94.04% | -165.75% | -203.43% | -234.89% | -110.81% | -86.70% | -83.47% | -93.13% | -276.81% | 115.31% | 92.43% | |||||||||||
| Return on Assets [ROA]ROA | -10.23% | -14.77% | -19.80% | -84.36% | -138.07% | -165.06% | -185.20% | -87.49% | -69.08% | -63.89% | -59.81% | -51.58% | -32.65% | -23.84% | -17.76% | -10.76% | -2.78% | -6.30% | -5.59% | -2.34% |