Why is Blend Labs, Inc. ?
1
With a Negative Book Value, the company has a Weak Long Term Fundamental Strength
- Poor long term growth as Operating profit has grown by an annual rate 15.39% of over the last 5 years
- Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of -24.81
2
Risky - Negative EBITDA
- The stock is trading risky as compared to its average historical valuations
- Over the past year, while the stock has generated a return of -41.40%, its profits have risen by 70.3%
3
Underperformed the market in the last 1 year
- Even though the market (S&P 500) has generated returns of 12.94% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -41.40% returns
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Computers - Software & Consulting)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Blend Labs, Inc. for you?
High Risk, Medium Return
Absolute
Risk Adjusted
Volatility
Blend Labs, Inc.
-36.92%
0.29
60.58%
S&P 500
13.22%
0.64
20.20%
Quality key factors
Factor
Value
Sales Growth (5y)
4.30%
EBIT Growth (5y)
15.39%
EBIT to Interest (avg)
-24.81
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-2.23
Sales to Capital Employed (avg)
1.23
Tax Ratio
0.33%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
94.96%
ROCE (avg)
0
ROE (avg)
0
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
-57.26
EV to EBIT
-34.72
EV to EBITDA
-41.97
EV to Capital Employed
48.18
EV to Sales
6.53
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-138.75%
ROE (Latest)
Negative BV
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
12What is working for the Company
OPERATING CASH FLOW(Y)
Highest at USD 11.51 MM
NET PROFIT(HY)
Higher at USD -19.16 MM
RAW MATERIAL COST(Y)
Fallen by -4.36% (YoY
DEBT-EQUITY RATIO
(HY)
Lowest at -262.78 %
-6What is not working for the Company
NET SALES(Q)
At USD 31.52 MM has Fallen at -18.04%
Here's what is working for Blend Labs, Inc.
Operating Cash Flow
Highest at USD 11.51 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (USD MM)
Net Profit
Higher at USD -19.16 MM
than preceding 12 month period ended Jun 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (USD MM)
Net Profit
At USD -19.16 MM has Grown at 50.92%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is positive
Net Profit (USD MM)
Debt-Equity Ratio
Lowest at -262.78 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Raw Material Cost
Fallen by -4.36% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
At USD 1.16 MM has Grown at 45.43%
period on period (QoQ)MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales
Depreciation (USD MM)
Here's what is not working for Blend Labs, Inc.
Net Sales
At USD 31.52 MM has Fallen at -18.04%
over average net sales of the previous four periods of USD 38.46 MMMOJO Watch
Near term sales trend is extremely negative
Net Sales (USD MM)






