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Blend Labs Valuation Multiples
Discover revenue and EBITDA valuation multiples for Blend Labs and similar public comparables like LexinFintech, goeasy, Leonteq, Automated Bank Services and more.
Blend Labs Overview
About Blend Labs
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.
Founded
2012
HQ
Employees
881
Website
Financials (LTM)
EV
$337M
Blend Labs Financials
Blend Labs reported last 12-month revenue of $127M and EBITDA of $16M.
In the same LTM period, Blend Labs generated $97M in gross profit, $16M in EBITDA, and $21M in net income.
Revenue (LTM)
Blend Labs P&L
In the most recent fiscal year, Blend Labs reported revenue of $124M and EBITDA of $13M.
Blend Labs expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $127M | XXX | $124M | XXX | XXX | XXX |
| Gross Profit | $97M | XXX | $91M | XXX | XXX | XXX |
| Gross Margin | 76% | XXX | 74% | XXX | XXX | XXX |
| EBITDA | $16M | XXX | $13M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $21M | XXX | $19M | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 16% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Blend Labs Stock Performance
Blend Labs has current market cap of $404M, and enterprise value of $337M.
Market Cap Evolution
Blend Labs' stock price is $1.57.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $337M | $404M | 0.0% | XXX | XXX | XXX | $0.08 |
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Start Free TrialBlend Labs Valuation Multiples
Blend Labs trades at 2.6x EV/Revenue multiple, and 20.9x EV/EBITDA.
EV / Revenue (LTM)
Blend Labs Financial Valuation Multiples
As of April 20, 2026, Blend Labs has market cap of $404M and EV of $337M.
Equity research analysts estimate Blend Labs' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Blend Labs has a P/E ratio of 19.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $404M | XXX | $404M | XXX | XXX | XXX |
| EV (current) | $337M | XXX | $337M | XXX | XXX | XXX |
| EV/Revenue | 2.6x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 20.9x | XXX | 25.8x | XXX | XXX | XXX |
| EV/EBIT | 19.8x | XXX | 22.4x | XXX | XXX | XXX |
| EV/Gross Profit | 3.5x | XXX | 3.7x | XXX | XXX | XXX |
| P/E | 19.0x | XXX | 20.8x | XXX | XXX | XXX |
| EV/FCF | 55.8x | XXX | 153.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Blend Labs Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Blend Labs Margins & Growth Rates
Blend Labs' revenue in the last 12 month grew by 12%.
Blend Labs' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Blend Labs' rule of 40 is 27% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Blend Labs' rule of X is 43% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Blend Labs Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 63% | XXX | 78% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 27% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 43% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 21% | XXX | 24% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 23% | XXX | 41% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 22% | XXX | 27% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 91% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Blend Labs Public Comps
See public comps and valuation multiples for other Financial Services Software and Online Lending comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Blend Labs | XXX | XXX | XXX | XXX | XXX | XXX |
| LexinFintech | XXX | XXX | XXX | XXX | XXX | XXX |
| goeasy | XXX | XXX | XXX | XXX | XXX | XXX |
| Leonteq | XXX | XXX | XXX | XXX | XXX | XXX |
| Automated Bank Services | XXX | XXX | XXX | XXX | XXX | XXX |
| i3 Verticals | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Blend Labs M&A Activity
Blend Labs acquired XXX companies to date.
Last acquisition by Blend Labs was on XXXXXXXX, XXXXX. Blend Labs acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Blend Labs
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialBlend Labs Investment Activity
Blend Labs invested in XXX companies to date.
Blend Labs made its latest investment on XXXXXXXX, XXXXX. Blend Labs invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Blend Labs
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Blend Labs
| When was Blend Labs founded? | Blend Labs was founded in 2012. |
| Where is Blend Labs headquartered? | Blend Labs is headquartered in United States. |
| How many employees does Blend Labs have? | As of today, Blend Labs has over 881 employees. |
| Who is the CEO of Blend Labs? | Blend Labs' CEO is Nima Ghamsari. |
| Is Blend Labs publicly listed? | Yes, Blend Labs is a public company listed on NYSE. |
| 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? | Blend Labs main competitors are LexinFintech, goeasy, Leonteq, Automated Bank Services. |
| What is the current market cap of Blend Labs? | Blend Labs' current market cap is $404M. |
| What is the current revenue of Blend Labs? | Blend Labs' last 12 months revenue is $127M. |
| What is the current revenue growth of Blend Labs? | Blend Labs revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Blend Labs? | Current revenue multiple of Blend Labs is 2.6x. |
| Is Blend Labs profitable? | Yes, Blend Labs is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Blend Labs? | Blend Labs' last 12 months EBITDA is $16M. |
| What is Blend Labs' EBITDA margin? | Blend Labs' last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Blend Labs? | Current EBITDA multiple of Blend Labs is 20.9x. |
| What is the current FCF of Blend Labs? | Blend Labs' last 12 months FCF is $6M. |
| What is Blend Labs' FCF margin? | Blend Labs' last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Blend Labs? | Current FCF multiple of Blend Labs is 55.8x. |
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