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Blend Labs ( (BLND) ) just unveiled an announcement.
On August 7, 2025, Blend Labs announced its financial results for the second quarter of 2025, highlighting a fourth consecutive quarter of year-over-year revenue growth and non-GAAP profitability. The company reported a total revenue of $31.5 million, driven by a 43% increase in Consumer Banking Suite revenue, despite a slight decrease in Mortgage Suite revenue. Blend’s sales momentum was strong, with 23 new or expanded deals, including three new independent mortgage banks. The company also achieved a record remaining performance obligations balance of $190.4 million. Additionally, Blend announced the sale of Title365 to Covius, aiming to transition to a higher-margin partnership model for its title services. The company provided guidance for the third quarter of 2025, expecting marginally higher U.S. mortgage originations compared to the second quarter.
The most recent analyst rating on (BLND) stock is a Buy with a $3.90 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.
Blend Labs’ overall score is driven by financial instability, evidenced by negative margins and equity. However, positive sentiment from strategic shifts and improved cash flow provide some optimism. Despite reasonable technical strength, the negative valuation remains a concern.
To see Spark’s full report on BLND stock, click here.
More about Blend Labs
Blend Labs, Inc. operates in the digital banking solutions industry, providing an origination platform that focuses on enhancing the digital experience for banking services. The company is known for its multi-product platform that supports various banking functions, including consumer banking and mortgage services.
Average Trading Volume: 2,053,364
Technical Sentiment Signal: Buy
Current Market Cap: $954M
Learn more about BLND stock on TipRanks’ Stock Analysis page.