Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Blend Labs's annualizedGross Profit for the quarter that ended in Mar. 2024 was $72.6 Mil.
Blend Labs's average Total Assets over the quarter that ended in Mar. 2024 was $203.9 Mil. Therefore, Blend Labs's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 35.59%.
Blend Labs Gross-Profit-to-Asset % Historical Data
The historical data trend for Blend Labs's Gross-Profit-to-Asset % 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.
Competitive Comparison of Blend Labs's Gross-Profit-to-Asset %
For the Software - Application subindustry, Blend Labs's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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's Gross-Profit-to-Asset % Distribution in the Software Industry
For the Software industry and Technology sector, Blend Labs's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Blend Labs's Gross-Profit-to-Asset % falls into.
Blend Labs Gross-Profit-to-Asset % Calculation
Blend Labs's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Gross Profit data used here is four times the quarterly (Mar. 2024) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
Blend Labs Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Blend Labs's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 segments are 1) Blend Platform comprises a suite of products that power the entire origination process from back-end workflows to consumer experience. 2) Title365 enables customers to streamline the title, settlement, and closing process at scale for mortgages, home equity lines of credit, and home equity loans. The majority of revenue is earned from the blend platform segment.
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