Blend Labs, Inc. (BLND)
NYSE:BLND
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a mix of strong operational and product momentum — revenue up 15% YoY, mortgage volume up 29% YoY, meaningful early traction for Autopilot (65 activations, 22 live, >7k applications, $10M pipeline), margin expansion, and internal productivity gains — balanced against near-term macro and customer-specific headwinds (expected EVPFL step-down, a ~100bp market-share headwind from one large client), a material year-over-year decline in free cash flow (~55%), and some one-time accounting benefits that boosted gross margin. Management is cautious in the near term but optimistic on medium-term AI-driven upside (10%–15% potential incremental top-line growth by 2027) while keeping Autopilot out of guidance until pricing and adoption settle.Company Guidance
Revenue and Margin Outperformance
Total revenue of $30.8M in 2026 Q1, up 15% year-over-year, and non-GAAP operating income of $4.1M (non-GAAP operating margin ~13%), above the high end of guidance. Non-GAAP gross margin expanded to 80.3% (from 72.9% in 2025), reflecting operating leverage and revenue growth.
Strong Mortgage Suite Performance
Mortgage Suite revenue was $17.2M, up 18% year-over-year. Funded loans on the platform were ~187k in Q1, up 29% year-over-year, slightly better than expectations coming into the quarter.
Consumer Banking and Professional Services Growth
Consumer Banking Suite revenue was $10.8M, up 12% year-over-year. Professional services revenue rose to $2.9M in Q1 from $2.1M in Q4, including a one-time ~$600k catch-up amount recognized this quarter.
AI Product Momentum — Autopilot Early Traction
Autopilot (AI agent) activation and usage: 65 lenders have activated Autopilot, 22 are running it in production, and >7,000 applications have been touched since moving to live. Autopilot already sits on a ~$10M pipeline and early customer results show cycle time and conversion improvements.
Product Impact Examples and Efficiency Gains
Documented customer proof point: cycle time from application complete to closing disclosures improved from 29 to 21 days for one lender after Autopilot deployment. Internally, 'background agents' adoption correlates with ~1.5x engineering productivity in 2026 vs 2025 (based on pull request volumes).
Balance Sheet Strength and Capital Return
Ended Q1 with $59M in cash, cash equivalents and marketable securities and zero debt. Repurchased 11.2M shares at an average price of $1.66, deploying $18.6M of a $50M repurchase authorization, signaling management confidence in the business.
Pipeline and Deal Activity
Signed 15 new deals and expansions in the quarter, including an eClose deal with a top-20 bank and a new mortgage deal with a top-100 bank. Overall pipeline as of March 31, 2026 is up more than 40% year-over-year (excluding Autopilot pipeline).
BLND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BLND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $1.62 | $1.38 | -14.81% |
Mar 10, 2026 | $1.63 | $1.82 | +11.66% |
Nov 06, 2025 | $2.99 | $2.79 | -6.69% |
Aug 07, 2025 | $3.57 | $2.73 | -23.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Blend Labs, Inc. (BLND) report earnings?
Blend Labs, Inc. (BLND) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Blend Labs, Inc. (BLND) earnings time?
Blend Labs, Inc. (BLND) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is BLND EPS forecast?
BLND EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.