Superworth

Blend Labs BLND

Software - Application, Technology
$1.17
+5.41%
Market cap
$276.7M
PE
n/m
a loss over the last year
Forward PE
n/m
not a meaningful number
Price to sales
2.1×
EV/EBIT
n/m
a loss over the last year
Revenue, 12 months
$129.2M
+6% on a year ago
Net margin
−3.0%
Free cash flow yield
2.7%

Blend Labs trades at 2.1× sales. Its trailing earnings are negative, so it has no PE. Revenue was $129.2M over the last twelve months, up 6% on a year earlier with a −3% net margin.

Charts

Financials

Income statement for BLND, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$40.6M−27%$36.1M−16%$23.8M−36%$28.7M−33%$33.1M−18%$30.1M−17%$26.8M+13%$31.6M+10%$32.9M−1%$31.6M+5%$30.8M+15%$33.8M+7%
Cost of revenue$18.5M−46%$16.4M−42%$7.8M−64%$8.4M−57%$8.6M−54%$7.8M−53%$7.8M+1%$8.3M−1%$8.4M−2%$8.3M+6%$7.5M−5%$9M+8%
Gross profit$22.1M+5%$19.7M+37%$16M+1%$20.3M−13%$24.5M+11%$22.3M+13%$19M+18%$23.4M+15%$24.5M−0%$23.4M+5%$23.4M+23%$24.9M+7%
R&D$18.8M−45%$14.4M−57%$14.2M−46%$12.9M−42%$10.1M−46%$8.9M−39%$7.8M−45%$7.5M−42%$8.5M−16%$7.5M−16%$9.4M+20%$8.7M+16%
SG&A$30.3M−42%$26.5M−50%$22.1M−42%$20.4M−43%$21M−31%$16.7M−37%$18.4M−17%$20.7M+1%$20.8M−1%$20.7M+24%$18.4M−0%$17.8M−14%
−$36.2M−72%−$21.9M−71%−$21.2M−66%−$13.1M−64%−$11.3M−69%−$3.3M−85%−$8M−62%−$4.8M−63%−$4.9M−57%−$4.8M+48%−$5.1M−37%−$1.6M−67%
Interest expense$8.2M+33%$7.1M−4%$5.1M−33%$1.6M−79%$0$0$0$0$0$0n/an/a
Pre-tax income−$41.8M−69%−$30.4M−62%−$20.7M−69%−$19.2M−54%−$610K−99%−$2.2M−93%−$6.9M−67%−$3.8M−80%$12.4M−$3.8M+73%−$5M−27%−$1.4M−64%
$44K+214%−$74K$42K−41%$30K−43%$21K−52%$16K$30K−29%$41K+37%$27K+29%$41K+156%$63K+110%$119K+190%
Net income−$41.8M−67%−$30.3M−62%−$20.7M−68%−$19.4M−53%−$2.4M−94%−$825K−97%−$9.5M−54%−$6.8M−65%$12.5M−$6.8M+730%−$8M−15%−$1.5M−78%
−$0.18−68%−$0.13−63%−$0.08−71%−$0.09−50%−$0.03−83%−$0.03−77%−$0.06−25%−$0.04−56%$0.02−$0.04+33%−$0.05−17%−$0.03−25%
246.4M+5%248.6M+4%250.9M+4%253.1M+4%254.9M+3%256.7M+3%258.8M+3%259.2M+2%268.7M+5%258.1M+1%255.6M−1%239.9M−7%

Revenue: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

Cost of revenue: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

Gross profit: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

R&D: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

SG&A: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

Operating income: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

Pre-tax income: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

Income tax: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

Net income: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

EPS, diluted: 7 periods, Q1 FY20 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q1 FY20: share-days: the 6-month average less the second quarter's. 5 periods, Q4 FY20 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY21: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

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

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
BLNDBlend Labs$276.7Mn/mn/a2.1×+6%−3.0%
EGHT8X8$307.6M53.3×57.5×0.4×+4%0.6%
ZIPZiprecruiter$382.4M13.3×30.9×0.8×+0%6.2%
OOMAOoma$545.7M52.0×124×1.8×+17%3.6%
TRAKReposiTrak$133.2M18.8×44.6×5.7×+3%32.5%
CARSCars.com$585.6M19.2×27.3×0.8×+1%4.7%
IBEXIBEX$627.1M15.1×11.5×1.0×+15%7.2%
NRDSNerdwallet$698.7M12.3×15.9×0.8×+12%7.6%
MNTNMNTN$724.1M12.9×15.1×2.3×+21%18.0%
YEXTYext$727.5M38.7×48.3×1.6×−1%5.9%
TASKTaskUs$784.8M7.4×26.3×0.6×+11%8.8%
Peer median$606.4M16.9×29.1×0.9×+8%6.7%

More on Blend Labs

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Industry
Software - Application
Sector
Technology

Valuation data, not investment advice. Prices as of .