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Blend Labs ( (BLND) ) has shared an update.
On May 7, 2026, Blend reported first-quarter 2026 results that exceeded guidance, with total revenue rising 15% year over year to $30.8 million and software platform revenue reaching $28 million. GAAP gross margin improved to 76% and non-GAAP gross margin to 80%, while GAAP operating loss narrowed to $5.1 million and non-GAAP operating income increased to $4.1 million, alongside a breakeven non-GAAP diluted loss per share from continuing operations.
During the quarter, Blend added or expanded 15 customer relationships, lifted its sales pipeline by more than 40% year over year, and repurchased 11.2 million shares for $18.6 million, leaving $31.4 million under its existing authorization. Management highlighted an “agent-first” operating approach and the role of its Autopilot product in driving efficiency gains, underscoring efforts to strengthen fundamentals and support a longer-term path toward growth acceleration and improved profitability.
For the second quarter of 2026, the company issued guidance for total revenue of $32 million to $34 million and non-GAAP operating income of $5.5 million to $6.5 million. The stronger-than-expected first-quarter performance and continued emphasis on cost discipline and capital returns signal a more confident stance toward Blend’s competitive positioning in the digital banking software market, though the company remains in GAAP loss territory as it scales.
The most recent analyst rating on (BLND) stock is a Buy with a $5.25 price target. To see the full list of analyst forecasts on Blend Labs stock, see the BLND Stock Forecast page.
Spark’s Take on BLND Stock
According to Spark, TipRanks’ AI Analyst, BLND is a Neutral.
The score is held back primarily by still-weak fundamentals (ongoing losses, negative equity, and 2025 revenue decline) and a bearish technical trend. These are partially offset by improving cash generation, a debt-free balance sheet, and a generally constructive earnings update with product/pipeline momentum, though near-term guidance softness and revenue-control weaknesses temper confidence.
To see Spark’s full report on BLND stock, click here.
More about Blend Labs
Blend Labs, Inc., listed on the NYSE under the ticker BLND, operates as a digital banking technology provider focused on origination platforms for financial institutions. Its software platform and related professional services help banks and lenders streamline customer onboarding and loan processes, with a growing emphasis on automation tools such as its Autopilot offering to enhance operational efficiency for clients.
Average Trading Volume: 3,688,360
Technical Sentiment Signal: Sell
Current Market Cap: $411.4M
See more data about BLND stock on TipRanks’ Stock Analysis page.