Blend Labs, Inc. (BLND) vs Expensify, Inc. (EXFY)

Blend Labs, Inc. and Expensify, Inc. are both Software Application companies. Blend Labs, Inc. and Expensify, Inc. are of similar size ($236.5M and $230.3M). Blend Labs, Inc. grew revenue faster over the last twelve months: 6.65% against −4.27%. Expensify, Inc. has the higher net margin (−11.3% vs −14.6%) and the lower return on invested capital (−10.1% vs 0.00%). Across the 17 metrics below, Blend Labs, Inc. leads on 9 and Expensify, Inc. on 8.

Valuation

Metric BLND EXFY Software Application median
P/E n/m n/m 25.41
P/S 1.66 1.67 2.73
P/B n/m 1.72 2.57
Price to free cash flow 28.58 29.13 17.58
EV/EBITDA n/m n/m 15.36
EV/Sales 2.39 1.62 2.59
Earnings yield (8.89%) (7.02%) 0.00%
Free cash flow yield 3.50% 3.43% 2.24%

Profitability

Metric BLND EXFY Software Application median
Gross margin 74.78% 48.67% 67.03%
Operating margin (11.99%) (8.03%) 0.00%
Net margin (14.55%) (11.31%) 0.00%
Free cash flow margin 5.82% 5.96% 5.01%
Return on equity 38.95% (11.73%) 0.00%
Return on assets (11.56%) (8.39%) 0.00%
Return on invested capital 0.00% (10.07%) 0.00%

Growth

Metric BLND EXFY Software Application median
Revenue growth (TTM) 6.65% (4.27%) 12.48%
EPS growth (last fiscal year) 58.33% (91.67%) 32.26%
Revenue growth, 5-year CAGR 5.18% 10.04% 14.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BLND EXFY Software Application median
Debt to equity 0.00 0.00 0.02
Current ratio 1.62 3.50 1.52
Net debt to EBITDA 4.19 7.13 0.08

Dividend

Metric BLND EXFY Software Application median
Dividend yield — — 0.95%
Payout ratio — — 0.29

Size

Metric BLND EXFY Software Application median
Market cap 236.51m 230.25m 357.77m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack