Blend LabsBLND +6.79%53 Pretax Margin % is -16.28% as of Mar. 2026. GuruFocus rates BLND with a GF Score™ of 53/100 and a GF Value™ of $3.35 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,822 Software companies, Blend Labs ranks worse than 58.15% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Blend Labs's Pre-Tax Income for the
three
months ended in Mar. 2026 was $-5.0 Mil. Blend Labs's Revenue for the
three
months ended in Mar. 2026 was $30.8 Mil. Therefore, Blend Labs's pretax margin for the quarter that ended in Mar. 2026 was -16.28%.
The historical rank and industry rank for Blend Labs's Pretax Margin % or its related term are showing as below:
BLND'
s Pretax Margin % Range Over the Past 10 Years
Min: -325.7 Med: -88.71 Max: 0.53
Current: 0.53
BLND's Pretax Margin % is ranked worse than 58.15% of 2822
companies
in the Software industry
Industry Median: 3.5
vs BLND: 0.53
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Blend Labs Pretax Margin % Related Terms
Blend Labs Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Blend Labs's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BLND vs GLOO, SPT, DUOT: Pretax Margin % Comparison
For the Software - Application subindustry, Blend Labs's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Blend Labs Pretax Margin % vs Software Industry
For the Software industry and Technology sector, Blend Labs's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Blend Labs's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Blend Labs (BLND) has a Pretax Margin % of -16.28% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Blend Labs and its competitors. According to the industry distribution chart, Blend Labs ranks #1641 out of 2822 companies in the Software industry, placing it in the top 58.2%.
Is Blend Labs' Pretax Margin % too high?
Blend Labs' current Pretax Margin % is -16.28%. Based on the distribution chart, Blend Labs ranks #1641 out of 2822 companies in the Software industry, which is below the industry midpoint. Overall, Blend Labs has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Blend Labs' Pretax Margin % compare to GLOO and SPT?
According to the Software industry distribution chart, Blend Labs ranks #1641 out of 2822 companies for Pretax Margin %. This places Blend Labs in the lower half of its industry. The industry median Pretax Margin % is 3.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Software company?
The median Pretax Margin % among Software companies is 3.50, based on 2,822 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Blend Labs and its competitors. For the Software industry, the median Pretax Margin % is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blend Labs's current Pretax Margin % is -16.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blend Labs stock overvalued right now?
Based on GuruFocus' analysis, Blend Labs (BLND) is currently considered Possible Value Trap. The stock's GF Value™ is $3.35, compared to a current price of $1.73 — trading 48.4% below its estimated fair value. The current Pretax Margin % is -16.28%. Blend Labs' overall GF Score™ is 53/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Blend Labs (BLND), the current Pretax Margin % is -16.28% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Blend Labs (BLND) Overvalued in 2026?
Based on GuruFocus' analysis, Blend Labs stock appears to be undervalued.
The current stock price of $1.73 is trading 48.4% below its estimated GF Value™ of $3.35.
GuruFocus considers Blend Labs to be Possible Value Trap.
Key valuation signals for BLND:
Pretax Margin %: -16.28%
GF Value™: $3.35 vs. price of $1.73 (48.4% below fair value)
No single metric tells the full story. See the BLND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Blend Labs Inc is a cloud-based platform software platform that powers the digital interface between financial services firms and consumers. It supports and simplifies applications for mortgages, consumer loans, and deposit accounts. Its operating segment is Blend Platform segment which comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. The key revenue for the company is generated from the Blend Platform segment. Company has it's assets in united states, India and Mexico regions.
53GF Score
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