Blend Labs, Inc. Gross Margin History
BLND / Information Technology|7 years of SEC 10-K data (FY2019-FY2025)
72.4% in FY2025 with a 5-year CAGR of +8.1%.
Improved from 69.8% to 72.4% over the past 2 years.
At 72.4%, Blend Labs, Inc.'s gross margin ranks #60 of 210 in the Information Technology sector. Gross Margin has increased for 3 consecutive years, from 38.1% in FY2022 to 72.4% in FY2025.
Based on SEC 10-K filings.
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.
- 3-Year Change
- +34.3pp
- 5-Year Change
- +8.1pp
- 10-Year Change
- -
Gross Margin Trend
#60 of 210 in Information TechnologyTop 29% of 210This company 72.4% Sector average 53.3%
▼
+35.9% above sector average
Key Insights
- Blend Labs, Inc.'s gross margin has grown for 3 consecutive years.
- In FY2025, gross margin increased 0.8% year-over-year.
- Currently 19.1pp above the Information Technology sector average.
- Lowest gross margin in the period was in FY2022.
Annual Data
| Year | Gross Margin | YoY Growth |
|---|---|---|
| FY2025 | 72.4% | +0.8% |
| FY2024 | 71.9% | +3.0% |
| FY2023 | 69.8% | +83.1% |
| FY2022 | 38.1% | -22.9% |
| FY2021 | 49.5% | -23.1% |
| FY2020 | 64.3% | +4.7% |
| FY2019 | 61.4% | - |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026