Blend Labs Reports Strong Q1 2025 Financial Results

Blend Labs ( (BLND) ) has issued an update.

On May 8, 2025, Blend Labs announced its first quarter 2025 financial results, highlighting a third consecutive quarter of year-over-year growth driven by increased customer engagement. The company reported a platform revenue of $26.8 million, exceeding expectations, and achieved a record first quarter signings with performance obligations up 70% year-over-year. Blend also generated positive free cash flow for the first time, marking a significant financial milestone. Additionally, Blend is in an exclusive process to potentially sell its title insurance business, aligning with its strategic shift to a software-first model.

Spark’s Take on BLND Stock

According to Spark, TipRanks’ AI Analyst, BLND is a Neutral.

Blend Labs faces significant financial and valuation challenges, reflected in its ongoing losses and negative equity. Despite positive developments in consumer banking growth and future guidance, the stock remains under pressure due to bearish technical indicators and a negative P/E ratio. The company must address these financial issues to improve its stock performance.

To see Spark’s full report on BLND stock, click here.

More about Blend Labs

Blend Labs, Inc. is a leading origination platform for digital banking solutions, focusing on providing effortless and personalized banking and lending services. The company operates in the financial technology industry, offering products such as the Consumer Banking Suite and Mortgage Suite, with a strong emphasis on software solutions.

Average Trading Volume: 3,439,127

Technical Sentiment Signal: Sell

Current Market Cap: $845.7M

Learn more about BLND stock on TipRanks’ Stock Analysis page.