Earnings summaries and quarterly performance for Blend Labs.
Executive leadership at Blend Labs.
Board of directors at Blend Labs.
Research analysts who have asked questions during Blend Labs earnings calls.
Dylan Becker
William Blair
4 questions for BLND
Also covers: AIOT, AZPN, BSY +16 more
RT
Ryan Tomasello
Keefe, Bruyette & Woods
4 questions for BLND
Also covers: CSGP, FIGR, NCNO +6 more
AK
Aaron Kimson
JMP Securities LLC
3 questions for BLND
Also covers: EVCM, EXFY, GWRE +2 more
DU
David Unger
Wells Fargo & Company
3 questions for BLND
Also covers: CWAN, GWRE, IOT
SG
Seth Gilbert
D.A. Davidson & Co.
3 questions for BLND
Also covers: FIVN, OTEX, VERI +1 more
Joseph Vafi
Canaccord Genuity - Global Capital Markets
2 questions for BLND
Also covers: ADV, ALIT, ASGN +20 more
JV
Joe Vafi
Canaccord Genuity Group Inc.
1 question for BLND
Also covers: CORZ, GLXY, HIVE +1 more
Pallav Saini
Canaccord Genuity
1 question for BLND
Also covers: ADV, RPAY
Recent press releases and 8-K filings for BLND.
Blend Labs Appoints New Head of Revenue
BLND
Hiring
Management Change
Revenue Acceleration/Inflection
- Blend Labs, Inc. has appointed Matt Thomson as its new Head of Revenue.
- Thomson brings over 25 years of fintech sales leadership, including scaling Alkami Technology's sales organization from fewer than 10 to over 300 financial institutions.
- He will lead Blend's sales organization and revenue strategy, with outgoing Head of Revenue Brian Kneafsey transitioning to an advisor role.
- As of the end of the third quarter of 2025, Blend's pipeline is up approximately 60% year-over-year.
Jan 6, 2026, 9:00 PM
Blend Labs Discusses Strategic Focus on AI, Profitability, and Product Innovation
BLND
New Projects/Investments
Product Launch
Revenue Acceleration/Inflection
- Blend Labs (BLND) has achieved non-GAAP operating profitability and improved gross margins to 78% by exiting non-software businesses and focusing on its core software offerings.
- The company is strategically investing in agentic AI to automate and enhance the mortgage origination process, aiming to significantly reduce lender costs and improve efficiency.
- New product initiatives, including Rapid Home Equity and Rapid Refi, are in high demand and are expected to significantly increase the economic value per funded loan (EVPFL).
- Blend Labs maintains a strong market presence, serving 30-40 of the top 100 banks and credit unions, and reports "zero net new churn" this year (2025) after some restructuring-related churn in late 2023/early 2024.
Nov 19, 2025, 8:45 PM
Blend Labs CEO Discusses Strategic Focus on AI, New Products, and Profitability
BLND
New Projects/Investments
Product Launch
Revenue Acceleration/Inflection
- Blend Labs (BLND), founded in 2012, has diversified from mortgage origination into home equity, credit cards, personal loans, auto loans, and deposit accounts, serving top financial institutions with a per-loan business model.
- The company has shifted its focus to profitability, achieving non-GAAP operating profitability by exiting non-software businesses that were low or negative contribution, leading to improved gross margins, currently at 78%.
- Blend's future strategy heavily involves leveraging agentic AI to automate document review and processing, aiming to significantly reduce the $11,000 in lender-side costs per mortgage and enhance efficiency for customers.
- New product initiatives, including Rapid Home Equity and Rapid Refi, are in high demand and are expected to dramatically increase the economic value per funded loan (EVPFL) by offering higher conversion, more line utilization, and decreased cycle times.
Nov 19, 2025, 8:45 PM
Blend Labs CEO Discusses Strategic Shift to Profitability, AI Integration, and New Product Focus
BLND
Product Launch
New Projects/Investments
Demand Weakening
- Blend Labs, founded in 2012, operates on a per-loan success-based business model for mortgage origination and other consumer banking products, primarily serving the top 100 banks and credit unions.
- Following a challenging 2022 due to high interest rates, Blend has strategically shifted to achieve non-GAAP operating profitability and is focusing on its core large financial institution customers.
- The company is heavily investing in agentic AI to automate and streamline loan processing, aiming to reduce the $11,000 cost per mortgage for lenders and improve efficiency across its platform.
- New product initiatives, including Rapid Home Equity and Rapid Refi, are expected to drive significant increases in economic value per funded loan (EVPFL) by improving conversion, line utilization, and reducing cycle times for customers.
Nov 19, 2025, 8:45 PM
Blend Labs, Inc. Reports Q3 2025 Results Ahead of Guidance
BLND
Earnings
Guidance Update
Demand Weakening
- Blend Labs, Inc. reported Q3 2025 results ahead of guidance for both total revenue and non-GAAP operating income, showing continued profitability momentum with a significant year-over-year increase in non-GAAP operating income.
- For Q3 2025, total revenue was $32.86 million , with Consumer Banking Suite revenue increasing 34% year-over-year to $12.7 million. Mortgage Suite revenue for the quarter was $17.7 million.
- The company achieved a Non-GAAP Gross Margin of 78% for Total Blend and 82% for the Software Platform in Q3 2025. Non-GAAP income from operations was $4.615 million.
- Blend Labs, Inc. provided Q4 2025 guidance, expecting total revenue between $31.0 million and $32.5 million and Non-GAAP Net Operating Income between $2.5 million and $3.5 million.
Nov 6, 2025, 9:30 PM
Blend Reports Q3 2025 Results with Continued Profitability and Strategic Shifts
BLND
Earnings
Guidance Update
New Projects/Investments
- Blend reported Q3 2025 total revenue of $32.9 million and non-GAAP operating income of $4.6 million, marking its fifth consecutive quarter of non-GAAP operating profitability.
- The Consumer Banking Suite revenue grew 11% quarter over quarter, now accounting for 39% of total revenue, while Mortgage Suite revenue declined 18% year over year due to strategic transitions and customer churn.
- For Q4 2025, the company anticipates total revenue between $31.0 million and $32.5 million and non-GAAP operating income between $2.5 million and $3.5 million.
- Blend's 2024 HMDA market share was 18.6%, down from 21.7% in 2023, with an expected 100 basis point headwind in 2026 primarily from Mr. Cooper.
- Strategic priorities include expanding the Consumer Banking Suite, driving adoption of RapidSuite and AI products, and building a resilient, profitable platform for long-term growth.
Nov 6, 2025, 9:30 PM
Blend Labs, Inc. Announces Third Quarter 2025 Financial Results
BLND
Earnings
Guidance Update
- Blend Labs, Inc. reported total revenue of $32.9 million for Q3 2025, a 1% decrease compared to Q3 2024, with Software platform revenue at $30.5 million (down 2% year-over-year) and Professional services revenue at $2.4 million (up 18% year-over-year).
- The company achieved non-GAAP operating income of $4.6 million in Q3 2025, a significant increase from $0.3 million in Q3 2024, and its GAAP operating loss improved to $4.9 million from $11.3 million in the prior year period.
- Non-GAAP diluted net income per share was $0.00 for Q3 2025, compared to a loss of $0.01 in Q3 2024, while GAAP diluted net income per share was $0.02.
- Blend added or expanded 14 customer relationships during the quarter, with its pipeline increasing approximately 60% year-over-year.
- For Q4 2025, Blend anticipates Total Revenue to be between $31.0 million and $32.5 million and Non-GAAP Net Operating Income between $2.5 million and $3.5 million.
Nov 6, 2025, 9:05 PM
Blend Labs Announces Third Quarter 2025 Financial Results and Q4 2025 Outlook
BLND
Earnings
Guidance Update
- Blend Labs reported total revenue of $32.9 million for the third quarter of 2025, representing a 1% decrease compared to the third quarter of 2024.
- The company achieved non-GAAP operating income of $4.6 million in Q3 2025, a significant increase from $0.3 million in the same period last year.
- GAAP diluted net income per share was $0.02, improving from a loss of $0.02 in Q3 2024, while non-GAAP diluted net income per share was $0.00.
- Blend added or expanded 14 customer relationships during the quarter, and its pipeline grew approximately 60% year-over-year.
- For the fourth quarter of 2025, Blend expects total revenue to be between $31.0 million and $32.5 million, and non-GAAP net operating income between $2.5 million and $3.5 million.
Nov 6, 2025, 9:00 PM
Blend Labs Announces "Intelligent Origination" AI System
BLND
Product Launch
New Projects/Investments
- Blend Labs, Inc. (NYSE: BLND) has launched Intelligent Origination, an AI-powered system embedded into its digital lending platform, designed to redefine lending operations by integrating agentic intelligence directly into the execution layer.
- This system aims to address the lending industry's high costs, which average over $11,000 per mortgage and $2,000 per home equity loan, and lengthy cycle times of 20 to 30 days.
- Intelligent Origination is expected to deliver faster, more accurate, and consistent lending outcomes by automating complex decisions and tasks, with initial focus on back-office functions like data validation and pre-funding quality control.
- Blend plans to expand the system's application to additional use cases, including fraud detection and income verification, starting in 2026.
Oct 15, 2025, 4:26 PM
Blend Labs Inc. Announces Q2 2025 Results
BLND
Earnings
Guidance Update
- Blend Labs Inc. reported revenue of $31.5 million for Q2 2025, marking a 10% year-over-year increase.
- The company achieved its fourth consecutive quarter of non-GAAP operating profitability, with a 15% non-GAAP operating margin in Q2 2025, and a non-GAAP income from operations of $4.7 million.
- Blend recorded record remaining performance obligations of $190 million.
- For Q3 2025, Blend anticipates total revenue to be between $31.5 million and $33.5 million, and non-GAAP net operating income to range from $3.0 million to $4.5 million.
Aug 7, 2025, 8:30 PM
Quarterly earnings call transcripts for Blend Labs.
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