Company / Gross Margin
Blend Labs, Inc. Gross Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
72.4%
FY2025
5-year range
49.5% / 72.4%
FY2021-FY2025
Trend
+0.8%
vs FY2024
Sector context
#65 of 225
Information Technology
What the data says
At 72.4%, Blend Labs, Inc.'s gross margin ranks #65 of 225 in the Information Technology sector. Gross Margin has increased for 4 consecutive years, from 49.5% in FY2021 to 72.4% in FY2025.
Based on SEC 10-K filings.
72.4% in FY2025 with a 5-year CAGR of +8.1%.
Improved from 69.8% to 72.4% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +8.2pp
- 5-Year Change
- +8.1pp
- 10-Year Change
- -
Sector benchmark
#65 of 225 in Information TechnologyTop 29% of 225This company 72.4% Sector average 53.6%
▼
+35.1% above sector average
Key checks
Key Insights
- Blend Labs, Inc.'s gross margin has grown for 4 consecutive years.
- In FY2025, gross margin increased 0.8% year-over-year.
- Currently 18.8pp above the Information Technology sector average.
- Lowest gross margin in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score -5.92 (distress zone, below 1.8 threshold)
- Negative profit margin: -26.8%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 72.4% | +0.8% |
| FY2024 | 71.9% | +3.0% |
| FY2023 | 69.8% | +8.6% |
| FY2022 | 64.3% | +30.0% |
| FY2021 | 49.5% | -23.1% |
| FY2020 | 64.3% | +4.7% |
| FY2019 | 61.4% | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026