Superworth

Blend Labs profit margin BLND

Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.

Net margin, 12 months
−3.0%
Operating margin, 12 months
−12.7%
Net margin on a year earlier
+13.2 pts
Peer median
6.7%

Over the twelve months to Jun 30, 2026, Blend Labs kept −3.0% of its revenue as net profit, with an operating margin of −12.7% and a gross margin of 74.4%.

Five years earlier its net margin was −42.9%.

The median for 10 application software stocks of a similar size is 6.7%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−8.7%−18.3%73.3%
FY2024−37.4%−42.2%71.9%
FY2023n/a−99.6%51.7%
FY2022n/an/a38.1%
FY2021−72.5%−84.1%49.5%
FY2020−77.7%−78.4%64.3%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−3.0%+13.2 pts−12.7%
Q1 FY26−7.3%+19.9 pts−15.5%
Q4 FY25−8.7%+28.8 pts−18.3%
Q3 FY25−3.8%+56.0 pts−17.3%
Q2 FY25−16.1%+70.6 pts−22.5%
Q1 FY25−27.1%+66.3 pts−30.0%
Q4 FY24−37.4%n/a−42.2%
Q3 FY24−59.8%n/a−55.4%
Q2 FY24−86.8%n/a−71.5%
Q1 FY24−93.4%n/a−80.9%
Q4 FY23n/an/a−99.6%
Q3 FY23n/an/an/a

Against its peers

Companies in Software - Application nearest Blend Labs' size, closest first, today.

CompanyProfit margin
BLNDBlend Labs−3.0%
EGHT8X80.6%
ZIPZiprecruiter6.2%
OOMAOoma3.6%
TRAKReposiTrak32.5%
CARSCars.com4.7%
IBEXIBEX7.2%
NRDSNerdwallet7.6%
MNTNMNTN18.0%
YEXTYext5.9%
TASKTaskUs8.8%
Peer median6.7%

Where Blend Labs ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Blend Labs

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.