Blend Labs
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
-18.5950.66
Price/Sales ratio
3.372.69
Earnings per Share (EPS)
$-0.16$0.06

Historical Multiples (2019 – 2023)

2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-56.34-61.50-9.99-0.44-3.37-0.28-35.75
Price/Sales ratio
90.5747.797.201.433.980.864.32
Price/Book Value ratio
34.0028.092.182.73-32.491.662.45
Price/Cash Flow ratio
-77.86-70.59-13.25-1.77-4.89-1.07-41.92
Price/Free Cash Flow ratio
-77.05-69.18-13.06-1.75-4.87-1.06-41.12
Price/Earnings Growth ratio
N/A7.58-0.08-0.000.040.00-0.04
Dividend Yield
N/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
61.42%64.29%49.46%38.11%51.72%38.11%43.79%
Operating Profit Margin
-161.27%-78.40%-84.11%-119.56%-99.60%-119.56%-101.84%
Pretax Profit Margin
-160.72%-77.67%-88.71%-325.70%-114.62%-325.70%-207.20%
Net Profit Margin
-160.74%-77.70%-72.13%-324.74%-118.15%-306.19%-189.16%
Effective Tax Rate
-0.01%-0.03%18.69%0.29%-0.05%0.29%9.49%
Return on Assets
-50.49%-34.58%-15.20%-176.49%-89.93%-166.41%-90.80%
Return On Equity
-60.34%-45.68%-21.83%-620.11%963.05%-220.75%-121.29%
Return on Capital Employed
-58.55%-41.66%-18.74%-70.78%-89.53%-70.78%-44.76%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A11.16N/A
Quick Ratio
6.485.3110.2111.165.3710.657.76
Cash ratio
1.041.173.543.500.983.503.52
Days of Sales Outstanding
78.0692.0561.3837.1946.3937.1949.29
Days of Inventory outstanding
72.320.00N/A0.00N/AN/A0.00
Operating Cycle
150.3992.0561.3837.1946.399.1749.29
Days of Payables Outstanding
58.7036.5818.973.1510.463.1511.06
Cash Conversion Cycle
91.6855.4642.4034.0335.9334.0338.22
Debt Ratios
Debt Ratio
N/AN/A0.190.500.670.620.40
Debt Equity Ratio
N/AN/A0.271.76-7.182.181.22
Long-term Debt to Capitalization
N/AN/A0.210.631.160.640.43
Total Debt to Capitalization
N/AN/A0.210.631.160.650.43
Interest Coverage Ratio
N/AN/AN/AN/AN/A-11.34N/A
Cash Flow to Debt Ratio
N/AN/A-0.59-0.87-0.92-0.82-0.70
Company Equity Multiplier
1.191.321.433.51-10.703.511.37
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-1.16-0.67-0.54-0.80-0.81-0.80-0.67
Free Cash Flow / Operating Cash Flow Ratio
1.011.021.011.011.001.011.01
Cash Flow Coverage Ratio
N/AN/A-0.59-0.87-0.92-0.82-0.70
Short Term Coverage Ratio
N/AN/AN/AN/AN/A-46.56N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/A