Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Blend Labs's operating assets for the quarter that ended in Mar. 2026 was $102.2 Mil. Blend Labs's operating liabilities for the quarter that ended in Mar. 2026 was $215.8 Mil. Blend Labs's Total Assets for the quarter that ended in Dec. 2025 was $170.0 Mil. Therefore, Blend Labs's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.67.
Blend Labs Scaled Net Operating Assets Related Terms
Blend Labs Scaled Net Operating Assets Historical Data
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The historical data trend for Blend Labs's Scaled Net Operating Assets 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 RMNI, SVCO, SPT: Scaled Net Operating Assets Comparison
For the Software - Application subindustry, Blend Labs's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Software Industry
For the Software industry and Technology sector, Blend Labs's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Blend Labs's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of -0.67 mean?
Blend Labs (BLND) has a Scaled Net Operating Assets of -0.67 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Blend Labs and its competitors.
Is Blend Labs' Scaled Net Operating Assets too high?
Blend Labs' current Scaled Net Operating Assets is -0.67. 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' Scaled Net Operating Assets compare to RMNI and SVCO?
Blend Labs' Scaled Net Operating Assets of -0.67 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Blend Labs and its competitors. Blend Labs's current Scaled Net Operating Assets is -0.67. 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 $1.76 — trading 47.6% below its estimated fair value. The current Scaled Net Operating Assets is -0.67. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Blend Labs (BLND), the current Scaled Net Operating Assets is -0.67 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 $1.76 is trading 47.6% below its estimated GF Value™ of $3.35.
GuruFocus considers Blend Labs to be Possible Value Trap.
Key valuation signals for BLND:
Scaled Net Operating Assets: -0.67
GF Value™: $3.35 vs. price of $1.76 (47.6% 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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