Blend Labs (BLND)
NYSE:BLND
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call was constructive: Blend reported sequential and year-over-year gains in key operating metrics (revenue +7% YoY, positive free cash flow, improved gross margin), a return to mortgage revenue growth, a meaningful product launch (Autopilot) with early customer adoption, a larger pipeline (+40% YoY) and a strong balance sheet (0 debt, $68M cash). Notable negatives include a disclosed material weakness in revenue controls, Q1 guidance signaling lower revenue and margin versus Q4, Consumer Banking churn and concentration risk, and an accounting change that temporarily increases reported R&D expense. On balance, the operational and product momentum and financial strength outweigh the near-term reporting and concentration issues.Company Guidance
Strong Q4 Revenue and Profitability
Q4 revenue of $32.4M (up 7% YoY) came in near the high end of guidance. Non-GAAP operating income was $5.4M (above the high end of guidance) with a non-GAAP operating margin of 17%. Non-GAAP gross margin improved to 80% (from 78% prior quarter).
Mortgage Suite Stabilized and Grew
Mortgage Suite revenue was $18.8M, up 3% YoY. Funded loan growth was solid at +11% in Q4 and economic value per funded loan (EV PFL) was $83 in Q4 (within prior guidance). Management expects mortgage revenue growth to continue as volumes improve.
Consumer Banking Growth and Strategic Wins
Consumer Banking revenue was $11.5M, up 21% YoY. Management closed 10 new deals/expansions in Q4 including a new top-40 credit union (7-figure annual logo) and a cross-sell of mortgage to an existing Consumer Banking customer, demonstrating successful product expansion.
Blend Autopilot Launch with Early Customer Adoption
Launched Blend Autopilot (Mar 3). Within the first week 7 large customers have turned it on or are preparing to turn it on in preview. Key capabilities: real-time intelligence (15-30s checks), contextual workflows, automated field updates (including deterministic income calculations), and compliance-first oversight. Management positions Autopilot to materially reduce manual 'stare-and-compare' work and improve unit economics.
Robust Pipeline and Shift to Bundled Deals
Overall sales pipeline up ~40% YoY. Management notes a structural shift toward bundled deals spanning Mortgage, Rapid, Close and Consumer Banking, which could increase deal value and stickiness.
Healthy Balance Sheet and Capital Allocation
Ended the quarter with $68.3M in cash, cash equivalents and marketable securities and 0 debt. Repurchased ~5.1M shares (~$15–16M) in Q4 and announced a new board-approved $50M repurchase authorization, signaling confidence in intrinsic value.
Positive Free Cash Flow and Cost Discipline
Q4 free cash flow was +$1.3M and full-year 2025 free cash flow was +$2.8M. Non-GAAP operating expenses declined ~4% quarter-over-quarter, demonstrating operating leverage from a lean 'software-first' cost structure.
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 |
|---|---|---|---|
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% |
May 08, 2025 | $3.29 | $3.52 | +6.99% |
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 (BLND) report earnings?
Blend Labs (BLND) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Blend Labs (BLND) earnings time?
Blend Labs (BLND) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLND EPS forecast?
BLND EPS forecast for the fiscal quarter 2026 (Q1) is <0.01.