Blend Labs reports Q1 EPS (4c), consensus (1c)

Reports Q1 revenue $26.8M, consensus $37.9M. “We’re delivering strong results across the business-closing nearly three times as many deals as this time last year, deepening relationships with top-tier institutions, and driving strong adoption of our Rapid Home Lending solutions. This progress signals a market that’s re-energizing and investing in what’s next. With a pipeline nearly double what it was a year ago-and demand coming from across the industry, from leading banks and mortgage servicers to Independent Mortgage Banks and credit unions-it’s clear the need for effortless, personalized banking and lending is only growing.”