Company / Operating Margin
Blend Labs, Inc. Operating Margin History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-21.9%
FY2025
5-year range
-131.1% / -21.9%
FY2021-FY2025
Trend
+48.1%
vs FY2024
Sector context
#241 of 286
Information Technology
What the data says
Blend Labs, Inc.'s operating margin of -21.9% is lower than 84% of companies in the Information Technology sector (FY2025). Operating Margin has fluctuated over the past 6 years, ranging from -131.1% in FY2023 to -21.9% in FY2025.
Based on SEC 10-K filings.
-21.9% in FY2025 with a 5-year CAGR of +56.5%.
Improved from -131.1% to -21.9% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +56.5pp
- 5-Year Change
- +56.5pp
- 10-Year Change
- -
Sector benchmark
+89.6% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 48.1% year-over-year.
- Currently 188.9pp above the Information Technology sector average.
- Lowest operating margin in the period was in FY2023.
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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -21.9% | +48.1% |
| FY2024 | -42.2% | +67.8% |
| FY2023 | -131.1% | -67.2% |
| FY2022 | -78.4% | +6.8% |
| FY2021 | -84.1% | -7.3% |
| FY2020 | -78.4% | - |
| FY2019 | - | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026