Blend Labs Inc

NYSE BLND

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Blend Labs Inc Gross Profit to Tangible Assets Ratio 2 year CAGR for the quarter ending March 31, 2024: 66.94%

Blend Labs Inc Gross Profit to Tangible Assets Ratio 2 year CAGR is 66.94% for the quarter ending March 31, 2024, a 6,133.73% change year over year. The Gross Profit to Tangible Assets Ratio measures the gross profit generated per dollar of tangible assets (total assets minus intangible assets). It provides insight into the company's ability to generate gross profit from its tangible assets. A higher ratio suggests better efficiency in utilizing tangible assets to generate gross profit. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Blend Labs Inc Gross Profit to Tangible Assets Ratio for the quarter ending March 31, 2023 was 0.04, a 26.85% change year over year.
  • Blend Labs Inc Gross Profit to Tangible Assets Ratio for the quarter ending March 31, 2022 was 0.03, a -19.47% change year over year.
  • Blend Labs Inc Gross Profit to Tangible Assets Ratio for the quarter ending March 31, 2021 was 0.04.
NYSE: BLND

Blend Labs Inc

CEO Mr. Nima Ghamsari
IPO Date July 16, 2021
Location United States
Headquarters 415 Kearny Street, San Francisco, CA, United States, 94108
Employees 881
Sector Technology
Industry Software - application
Description

Blend Labs, Inc. engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. It also offers verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; workflow intelligence components to manage data collection and automate tasks throughout the loan origination process; and marketplace components to enable consumers to shop for products and services presented at the precise moment of need during an application for a loan. In addition, the company, through its subsidiary, offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and provides professional and consulting services. It serves banks, credit unions, fintechs, and non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in San Francisco, California.

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StockViz Staff

September 19, 2024

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