(BLND) Blend Labs - Ratings and Ratios
Lending, Origination, Verification, Title, Analytics
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 58.6% |
| Value at Risk 5%th | 84.1% |
| Relative Tail Risk | -12.74% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.46 |
| Alpha | -49.18 |
| CAGR/Max DD | 0.50 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.404 |
| Beta | 0.621 |
| Beta Downside | 0.522 |
| Drawdowns 3y | |
|---|---|
| Max DD | 73.81% |
| Mean DD | 28.17% |
| Median DD | 30.90% |
Description: BLND Blend Labs December 01, 2025
Blend Labs, Inc. (NYSE:BLND) delivers a cloud-based software platform that enables U.S. financial institutions to digitize consumer-facing loan and deposit applications across mortgages, home-equity, auto, personal, and credit-card products, as well as ancillary services such as title search, escrow, and insurance.
The business is organized into two segments: the Blend Platform, which includes configurable workflow tools (Blend Builder), automated verification and decisioning components, and data-driven workflow intelligence; and the Title segment, which provides title insurance, escrow, and related settlement services. Its client base spans banks, credit unions, fintechs, and non-bank mortgage lenders.
Key operating metrics (as of the most recent FY2024 filing) show annual recurring revenue (ARR) of roughly $210 million, a year-over-year ARR growth rate of 38%, and a net dollar retention above 115%, indicating strong upsell and cross-sell momentum. The company’s gross margin has stabilized near 80% after scaling its cloud infrastructure.
Sector-wide, digital mortgage origination is being accelerated by a combination of rising home-price appreciation (≈7% YoY) and tighter credit standards, which push lenders toward automation to maintain loan-volume throughput while containing costs. Additionally, the broader fintech adoption curve-evidenced by a 22% increase in fintech-driven loan applications in Q3-2024-provides a tailwind for Blend’s platform solutions.
Given Blend’s high-margin SaaS model and its exposure to a growing digital-lending ecosystem, investors should monitor the company’s churn rate and the pace of integration with emerging open-banking APIs, as these factors could materially affect future growth trajectories.
For a deeper, data-driven assessment of Blend’s valuation relative to peers, you might explore the analytics available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (-6.93m TTM) > 0 and > 6% of Revenue (6% = 7.95m TTM) |
| FCFTA -0.04 (>2.0%) and ΔFCFTA 15.79pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 53.04% (prev 75.59%; Δ -22.55pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 5.95m > Net Income -6.93m (YES >=105%, WARN >=100%) |
| Net Debt (-53.4m) to EBITDA (3.82m) ratio: -14.00 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.54 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (268.7m) change vs 12m ago 5.42% (target <= -2.0% for YES) |
| Gross Margin 68.99% (prev 61.35%; Δ 7.63pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 70.57% (prev 71.90%; Δ -1.33pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.12 (EBITDA TTM 3.82m / Interest Expense TTM 13.5m) >= 6 (WARN >= 3) |
Altman Z'' -52.22
| (A) 0.37 = (Total Current Assets 116.0m - Total Current Liabilities 45.7m) / Total Assets 189.6m |
| (B) -7.32 = Retained Earnings (Balance) -1.39b / Total Assets 189.6m |
| warn (B) unusual magnitude: -7.32 — check mapping/units |
| (C) 0.01 = EBIT TTM 1.57m / Avg Total Assets 187.8m |
| (D) -29.37 = Book Value of Equity -1.39b / Total Liabilities 47.3m |
| Total Rating: -52.22 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 35.44
| 1. Piotroski 4.0pt |
| 2. FCF Yield -1.02% |
| 3. FCF Margin -5.45% |
| 4. Debt/Equity 0.01 |
| 5. Debt/Ebitda -14.00 |
| 6. ROIC - WACC (= -14.07)% |
| 7. RoE -14.10% |
| 8. Rev. Trend -77.92% |
| 9. EPS Trend 93.76% |
What is the price of BLND shares?
Over the past week, the price has changed by +1.98%, over one month by +2.66%, over three months by -23.70% and over the past year by -29.93%.
Is BLND a buy, sell or hold?
- Strong Buy: 3
- Buy: 2
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the BLND price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.7 | 51.5% |
| Analysts Target Price | 4.7 | 51.5% |
| ValueRay Target Price | 2.9 | -5.5% |
BLND Fundamental Data Overview December 19, 2025
P/E Forward = 53.7634
P/S = 4.6978
P/B = 2.0038
Beta = 1.237
Revenue TTM = 132.6m USD
EBIT TTM = 1.57m USD
EBITDA TTM = 3.82m USD
Long Term Debt = 1.61m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 305.0k USD (from shortTermDebt, last quarter)
Debt = 1.61m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -53.4m USD (from netDebt column, last quarter)
Enterprise Value = 711.4m USD (787.0m + Debt 1.61m - CCE 77.3m)
Interest Coverage Ratio = 0.12 (Ebit TTM 1.57m / Interest Expense TTM 13.5m)
FCF Yield = -1.02% (FCF TTM -7.23m / Enterprise Value 711.4m)
FCF Margin = -5.45% (FCF TTM -7.23m / Revenue TTM 132.6m)
Net Margin = -5.23% (Net Income TTM -6.93m / Revenue TTM 132.6m)
Gross Margin = 68.99% ((Revenue TTM 132.6m - Cost of Revenue TTM 41.1m) / Revenue TTM)
Gross Margin QoQ = 74.42% (prev 73.93%)
Tobins Q-Ratio = 3.75 (Enterprise Value 711.4m / Total Assets 189.6m)
Interest Expense / Debt = 837.6% (Interest Expense 13.5m / Debt 1.61m)
Taxrate = 0.22% (27.0k / 12.4m)
NOPAT = 1.57m (EBIT 1.57m * (1 - 0.22%))
Current Ratio = 2.54 (Total Current Assets 116.0m / Total Current Liabilities 45.7m)
Debt / Equity = 0.01 (Debt 1.61m / totalStockholderEquity, last quarter 142.3m)
Debt / EBITDA = -14.00 (Net Debt -53.4m / EBITDA 3.82m)
Debt / FCF = 7.39 (negative FCF - burning cash) (Net Debt -53.4m / FCF TTM -7.23m)
Total Stockholder Equity = 49.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.66% (Net Income -6.93m / Total Assets 189.6m)
RoE = -14.10% (Net Income TTM -6.93m / Total Stockholder Equity 49.2m)
RoCE = 3.09% (EBIT 1.57m / Capital Employed (Equity 49.2m + L.T.Debt 1.61m))
RoIC = -5.79% (NOPAT 1.57m / Invested Capital -27.1m)
WACC = 8.28% (E(787.0m)/V(788.6m) * Re(8.30%) + (debt cost/tax rate unavailable))
Discount Rate = 8.30% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.96%
Fair Price DCF = unknown (Cash Flow -7.23m)
EPS Correlation: 93.76 | EPS CAGR: 75.63% | SUE: 0.26 | # QB: 0
Revenue Correlation: -77.92 | Revenue CAGR: -21.38% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.02 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=3
EPS next Year (2026-12-31): EPS=0.10 | Chg30d=-0.008 | Revisions Net=+0 | Growth EPS=+121.0% | Growth Revenue=+19.8%
Additional Sources for BLND Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle