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Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Its operating segments are; Blend Platform segment which comprises a suite of products that power the entire origination process from back-end workflows to consumer experience, and the Title segment enables customers to streamline the title, settlement, and closing process at scale for mortgages, home equity lines of credit, and home equity loans. The majority of the revenue for the company is generated from the Blend Platform segment.
2012
881
LTM Revenue $168M
LTM EBITDA -$0.8M
$721M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Blend Labs has a last 12-month revenue of $168M and a last 12-month EBITDA of -$0.8M.
In the most recent fiscal year, Blend Labs achieved revenue of $162M and an EBITDA of -$31.7M.
Blend Labs expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Blend Labs valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $157M | $162M | XXX | XXX | XXX |
| Gross Profit | $89.7M | $81.1M | XXX | XXX | XXX |
| Gross Margin | 57% | 50% | XXX | XXX | XXX |
| EBITDA | -$143M | -$31.7M | XXX | XXX | XXX |
| EBITDA Margin | -91% | -20% | XXX | XXX | XXX |
| Net Profit | -$720M | -$185M | XXX | XXX | XXX |
| Net Margin | -459% | -114% | XXX | XXX | XXX |
| Net Debt | $92.6M | $107M | XXX | XXX | XXX |
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As of April 15, 2025, Blend Labs's stock price is $3.
Blend Labs has current market cap of $815M, and EV of $721M.
See Blend Labs trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $721M | $815M | XXX | XXX | XXX | XXX | $-0.07 |
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Sign UpAs of April 15, 2025, Blend Labs has market cap of $815M and EV of $721M.
Blend Labs's trades at 4.3x LTM EV/Revenue multiple, and -867.0x LTM EBITDA.
Analysts estimate Blend Labs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Blend Labs and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $721M | XXX | XXX | XXX |
| EV/Revenue | 4.4x | XXX | XXX | XXX |
| EV/EBITDA | -22.7x | XXX | XXX | XXX |
| P/E | -16.4x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -31.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpBlend Labs's NTM/LTM revenue growth is 16%
Blend Labs's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Blend Labs's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Blend Labs's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Blend Labs and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -20% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -78% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -4% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 22% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 31% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 28% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 82% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Allfunds Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Change Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Computershare | XXX | XXX | XXX | XXX | XXX | XXX |
| FINEOS | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Blend Labs acquired XXX companies to date.
Last acquisition by Blend Labs was XXXXXXXX, XXXXX XXXXX XXXXXX . Blend Labs acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Blend Labs founded? | Blend Labs was founded in 2012. |
| Where is Blend Labs headquartered? | Blend Labs is headquartered in United States of America. |
| How many employees does Blend Labs have? | As of today, Blend Labs has 881 employees. |
| Who is the CEO of Blend Labs? | Blend Labs's CEO is Mr. Nima Ghamsari. |
| Is Blend Labs publicy listed? | Yes, Blend Labs is a public company listed on NYS. |
| What is the stock symbol of Blend Labs? | Blend Labs trades under BLND ticker. |
| When did Blend Labs go public? | Blend Labs went public in 2021. |
| Who are competitors of Blend Labs? | Similar companies to Blend Labs include e.g. Allfunds Group, Bravura Solutions, Change Financial, Computershare. |
| What is the current market cap of Blend Labs? | Blend Labs's current market cap is $815M |
| What is the current revenue of Blend Labs? | Blend Labs's last 12-month revenue is $168M. |
| What is the current EBITDA of Blend Labs? | Blend Labs's last 12-month EBITDA is -$0.8M. |
| What is the current EV/Revenue multiple of Blend Labs? | Current revenue multiple of Blend Labs is 4.3x. |
| What is the current EV/EBITDA multiple of Blend Labs? | Current EBITDA multiple of Blend Labs is -867.0x. |
| What is the current revenue growth of Blend Labs? | Blend Labs revenue growth between 2023 and 2024 was 3%. |
| Is Blend Labs profitable? | Yes, Blend Labs is EBITDA-positive (as of the last 12 months). |
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