Blend Labs, Inc. Operating Margin History
BLND / Information Technology|6 years of SEC 10-K data (FY2020-FY2025)
-21.9% in FY2025 with a 5-year CAGR of +56.5%.
Improved from -131.1% to -21.9% over the past 2 years.
Blend Labs, Inc.'s operating margin of -21.9% is lower than 88% of companies in the Information Technology sector (FY2025). Operating Margin has increased for 3 consecutive years, from -317.3% in FY2022 to -21.9% 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
- +295.4pp
- 5-Year Change
- +56.5pp
- 10-Year Change
- -
Operating Margin Trend
Bottom 12% in Information TechnologyTop 88% of 267This company -21.9% Sector average -213.0%
▼
+89.7% above sector average
Key Insights
- Blend Labs, Inc.'s operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 48.1% year-over-year.
- Currently 191.1pp above the Information Technology sector average.
- Lowest operating margin in the period was in FY2022.
Annual Data
| Year | Operating Margin | YoY Growth |
|---|---|---|
| FY2025 | -21.9% | +48.1% |
| FY2024 | -42.2% | +67.8% |
| FY2023 | -131.1% | +58.7% |
| FY2022 | -317.3% | -277.2% |
| FY2021 | -84.1% | -7.3% |
| FY2020 | -78.4% | - |
| FY2019 | - | - |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026