Blend Earnings Reports

Blend reported a strong second quarter in 2025, achieving its fourth consecutive quarter of year-over-year revenue growth and non-GAAP operating profit. The company saw accelerated sales momentum with 23 new or expanded deals, more than doubling the first quarter's deal count, and ended the quarter with a record remaining performance obligations (RPO) balance of $190.4 million. GAAP loss from operations significantly improved, and non-GAAP diluted net income per share reached $0.00.

Blend Labs, Inc. reported strong first quarter 2025 financial results, with total revenue of $26.77 million, exceeding consensus estimates. The company achieved positive free cash flow for the first time in its history, driven by increased cash provided by operating activities. Key drivers included significant customer growth, accelerated adoption of Rapid Home Lending solutions, and strategic partnerships with leading mortgage servicers. The company also initiated a process to sell its Title365 business to focus on its software-first model.

Blend Labs, Inc. reported a strong fourth quarter in 2024, with total revenue increasing 15% year-over-year to $41.4 million. The company achieved non-GAAP income from operations of $5.2 million, significantly surpassing guidance, and saw a 48% annual revenue growth in its Consumer Banking business.

Blend Labs, Inc. announced its third quarter 2024 financial results, achieving non-GAAP operating profitability ahead of its fourth quarter target. The company signed multi-year deals with new customers in both mortgage and consumer banking. Total company revenue was $45.2 million.

Blend Labs, Inc. reported a total revenue of $40.5 million in Q2 2024. Consumer Banking Suite revenue reached $8 million, representing a 37% year-over-year growth. The company's GAAP net operating loss significantly decreased compared to the same period last year, and a share repurchase program of up to $25 million was announced.

Blend Labs, Inc. announced its Q1 2024 financial results, highlighting revenue of $34.9 million, composed of Blend Platform segment revenue of $23.8 million and Title segment revenue of $11.1 million. The company improved its cash burn, resulting in unlevered free cash flow for the quarter of $(1.3) million.

Blend Labs, Inc. announced its fourth quarter and full year 2023 financial results, showing progress on strategic priorities including expanding consumer banking footprint, deepening mortgage relationships, and streamlining cost structure, resulting in a significant reduction in loss from operations.

Blend Labs, Inc. reported third quarter 2023 financial results with total company revenue of $40.6 million, driven by double-digit year-over-year growth in consumer banking business revenue. The mortgage business outperformed the broader origination market, and the company achieved a material reduction in cash burn.

Blend's second quarter results beat top and bottom-line expectations, driven by faster adoption of add-on mortgage products and new deployments of their consumer banking suite, while also progressing ahead of schedule on cost reduction efforts.

Blend Labs, Inc. reported first quarter 2023 financial results that exceeded guidance, driven by a strong mortgage customer base and progress on strategic priorities. The company's lower cost structure is driving improvements in operating performance, resulting in market share gains and industry outperformance. Blend is making early strides in proving its Blend Builder platform, highlighted by a new customer win with Navy Federal.

Blend's Q4 2022 total revenue reached $42.8 million. The company focused on cost reduction and platform development amidst a challenging mortgage market.

Blend Labs, Inc. reported a total revenue of $55.4 million in Q3 2022. The Blend Platform segment revenue increased by 3% year-over-year, while Title365 segment revenue decreased by 65% year-over-year. The company is managing costs and diversifying revenue sources through growth in Consumer Banking & Marketplace offerings.

Blend Labs, Inc. reported a total revenue of $65.5 million for the second quarter of 2022. The company is focused on gaining market share in mortgage and seeing traction in consumer banking and marketplace business. Blend is also taking actions to improve cost structure and optimize returns on innovation investments.

Blend Labs, Inc. announced its first quarter 2022 financial results with consolidated revenue of $71.5 million. The company is maintaining its full year revenue outlook, expecting Blend Mortgage Banking to continue to grow market share and outperform the decline in industry origination volumes, while Consumer Banking & Marketplace revenue is expected to double year-over-year.

Blend Labs, Inc. reported a Q4 revenue of $81.0 million, with Blend Platform segment revenue reaching $36.5 million, a 19% year-over-year increase. The company's mortgage banking market share increased by approximately 5 percentage points to 15% at year-end 2021. Full year 2021 total revenue of $234.5 million (Pro Forma full year 2021 revenue of $363.6 million).

Blend's total revenue for Q3 2021 was $89.6 million. The Blend Platform segment experienced a 26% year-over-year revenue increase, while the company raised its full-year 2021 revenue guidance midpoint by $13 million.

Blend Labs reported a 46% year-over-year increase in revenue to $32.1 million for Q2 2021. The company closed its acquisition of Title365 and is integrating it into its platform. Blend also expanded its customer base, now serving 32 of the top 100 U.S. financial services firms by assets under management.