# Blend Labs Inc. (BLND) fundamentals

Data as of 2026-11-05. NYSE, United States. Sector: Technology / Software. Price $1.16, market value $274 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Blend Labs Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.33**. A PEG of 0.33 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.1×**. Each dollar of revenue is priced at 2.1×.
- **Free-cash-flow yield: 2.8%** (5-yr avg -18.6%). Free cash flow equals 2.8% of the market value, above its five-year average of -18.6%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 74.8%**. Blend Labs Inc. keeps 74.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -12.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -5.5%**. The company reported a net loss over the last twelve months.
- **Return on equity: 22.3%**. 22.3% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 16.5%**. Return on all capital, debt included, is 16.5%: comfortably above what that capital costs.
- **Return on assets: -0.1%**. Each dollar of assets produces -0.1% of profit.

## Growth
- **Revenue growth (1 yr): 6.8%** (3-yr -19.3%/yr, 5-yr 5.2%/yr). Revenue grew 6.8% over the last year, against 5.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 58.3%**. Earnings per share rose 58.3%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 4.2×**. It would take 4.2 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 2.53** (quick 2.53). Current assets cover the next year's liabilities 2.53 times.
- **Altman Z-score: 4.91**. A Z-score of 4.91 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Blend Labs Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -59.6%** (YTD -57.9%, 3-mo -36.3%). The shares are down 59.6% over twelve months including dividends.
- **From 52-week high: -66.2%** (31.7% above the low). Trading 66% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 62**. An RSI of 62 is neutral.
- **Beta (1 yr): 1.58** (volatility 73%). Beta of 1.58 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BLND · Page: https://foliofundamentals.com/stocks/blnd

Not investment advice.