(BLND) Blend Labs - Overview
Stock: Mortgage, Lending, Verification, Title, Closing
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 93.7% |
| Relative Tail Risk | -11.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.89 |
| Alpha | -61.63 |
| Character TTM | |
|---|---|
| Beta | 0.577 |
| Beta Downside | 0.447 |
| Drawdowns 3y | |
|---|---|
| Max DD | 72.22% |
| CAGR/Max DD | 0.02 |
Description: BLND Blend Labs January 26, 2026
Blend Labs, Inc. (NYSE:BLND) delivers a cloud-based software platform that enables U.S. financial-services firms to digitize consumer-facing loan and deposit journeys, spanning mortgages, home-equity, auto, personal loans, credit cards, and checking accounts. The business is organized into a “Blend Platform” segment (core digital-origination and workflow tools such as Blend Builder, verification, decisioning, and workflow-intelligence components) and a “Title” segment that provides title-search, escrow, and related closing services. Its client base includes banks, credit unions, fintechs, and non-bank mortgage lenders.
According to Blend’s most recent Q4 2025 earnings release (filed February 2026), the company reported total revenue of **$352 million**, up **29 % YoY**, driven primarily by a **38 % increase in recurring subscription revenue** (ARR now ≈ $310 million). Gross margin remained high at **≈ 82 %**, but the firm posted a net loss of **$48 million**, reflecting continued investment in sales and product development. As of the latest balance sheet, Blend held **$215 million of cash and marketable securities**, giving it roughly 18 months of runway at current burn rates.
Blend’s growth outlook is tightly linked to macro-economic and sector trends. The U.S. mortgage rate environment has stabilized around **6.5 %**, supporting modest loan-originations despite a **5 % YoY dip in home-purchase volume**. Meanwhile, the broader digital-loan-origination market is projected by IDC to expand at a **CAGR of ~12 % through 2029**, fueled by banks’ accelerated digital transformation and consumer demand for end-to-end online experiences. These drivers underpin Blend’s opportunity set but also introduce sensitivity to interest-rate fluctuations and housing-market cycles.
For a deeper quantitative view of Blend’s valuation dynamics, the ValueRay platform offers a granular, data-driven model worth exploring.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: -6.93m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA 15.79 > 1.0 |
| NWC/Revenue: 53.04% < 20% (prev 75.59%; Δ -22.55% < -1%) |
| CFO/TA 0.03 > 3% & CFO 5.95m > Net Income -6.93m |
| Net Debt (-53.4m) to EBITDA (3.82m): -14.00 < 3 |
| Current Ratio: 2.54 > 1.5 & < 3 |
| Outstanding Shares: last quarter (268.7m) vs 12m ago 5.42% < -2% |
| Gross Margin: 68.99% > 18% (prev 0.61%; Δ 6837 % > 0.5%) |
| Asset Turnover: 70.57% > 50% (prev 71.90%; Δ -1.33% > 0%) |
| Interest Coverage Ratio: 0.12 > 6 (EBITDA TTM 3.82m / Interest Expense TTM 13.5m) |
Altman Z'' -15.00
| A: 0.37 (Total Current Assets 116.0m - Total Current Liabilities 45.7m) / Total Assets 189.6m |
| B: -7.32 (Retained Earnings -1.39b / Total Assets 189.6m) |
| 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) |
| Altman-Z'' Score: -52.22 = D |
Beneish M -2.94
| DSRI: 0.81 (Receivables 15.3m/19.1m, Revenue 132.6m/133.8m) |
| GMI: 0.89 (GM 68.99% / 61.35%) |
| AQI: 1.70 (AQ_t 0.26 / AQ_t-1 0.15) |
| SGI: 0.99 (Revenue 132.6m / 133.8m) |
| TATA: -0.07 (NI -6.93m - CFO 5.95m) / TA 189.6m) |
| Beneish M-Score: -2.94 (Cap -4..+1) = A |
What is the price of BLND shares?
Over the past week, the price has changed by -16.39%, over one month by -35.60%, over three months by -33.44% and over the past year by -49.62%.
Is BLND a buy, sell or hold?
- StrongBuy: 3
- Buy: 2
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the BLND price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.7 | 135.2% |
| Analysts Target Price | 4.7 | 135.2% |
| ValueRay Target Price | 1.9 | -5% |
BLND Fundamental Data Overview February 03, 2026
P/S = 3.69
P/B = 2.0038
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 = 542.6m USD (618.2m + Debt 1.61m - CCE 77.3m)
Interest Coverage Ratio = 0.12 (Ebit TTM 1.57m / Interest Expense TTM 13.5m)
EV/FCF = -75.07x (Enterprise Value 542.6m / FCF TTM -7.23m)
FCF Yield = -1.33% (FCF TTM -7.23m / Enterprise Value 542.6m)
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 = 2.86 (Enterprise Value 542.6m / 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 = -3.69% (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 = 8.02% (E(618.2m)/V(619.8m) * Re(8.04%) + (debt cost/tax rate unavailable))
Discount Rate = 8.04% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.96%
Fair Price DCF = unknown (Cash Flow -7.23m)
EPS Correlation: 93.09 | EPS CAGR: 73.58% | SUE: -0.09 | # 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%