The earnings call reflects a mix of positive and negative elements. There is strong revenue growth, especially in the consumer banking suite, and successful new customer acquisitions. However, there are notable challenges, including a decrease in mortgage suite revenue and negative free cash flow. The near-term headwinds affecting the economic value per funded loan also present challenges.

Company Guidance -

Q3 2025

During Blend Labs, Inc.'s Second Quarter 2025 Earnings Call, the company provided guidance for the upcoming quarters, highlighting several key metrics and strategic initiatives. Blend achieved its fourth consecutive quarter of year-over-year total revenue growth and non-GAAP operating profitability, with total revenue reaching $31.5 million, showing a 10% increase compared to the previous year. The company emphasized its strategic focus on expanding market share, evidenced by 23 new or expanded deals in Q2, doubling the number from Q1, with a record remaining performance obligations balance of $190 million. Blend's economic value per funded loan (EVPFL) was reported at $88 for the quarter, and the company anticipates maintaining this level near the mid- to upper 80s by the end of 2025. The consumer banking segment experienced a significant revenue boost, up 43% year-over-year, accounting for 36% of total revenue, driven by core consumer banking and home equity products. Blend remains optimistic about leveraging AI to enhance operational efficiency and deliver cost savings, positioning itself as a technology leader in the mortgage industry. The company also guided a cautious outlook on EVPFL for the third quarter, expecting it to range between $85 to $86, with the broader goal of optimizing long-term profitability and market positioning.

Continuous Revenue Growth

Blend Labs posted its fourth consecutive quarter of year-over-year total revenue growth, with total revenue in the second quarter of 2025 reaching $31.5 million, up 10% year-over-year.

Consumer Banking Suite Expansion

The consumer banking suite revenue grew by 43% year-over-year in the second quarter of 2025, contributing $11.4 million to the total revenue and representing 36% of total revenue, up from 28% a year ago.

Record RPO Balance

The remaining performance obligations balance reached a new record of $190 million, up from $158 million in the first quarter of 2025.

Successful New Customer Acquisitions

Sales momentum accelerated in Q2 with 23 new or expanded deals, including 3 net new logos in the independent mortgage bank vertical.

Blend Labs (BLND) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BLND Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.01 / -	0	―	―	―
Aug 07, 2025	2025 (Q2)	0.02 / 0.00	-0.02	―
May 08, 2025	2025 (Q1)	>-0.01 / -0.01	-0.06	83.33% (+0.05)
Feb 27, 2025	2024 (Q4)	<0.01 / 0.00	-0.07	―
Nov 06, 2024	2024 (Q3)	-0.02 / 0.00	-0.09	―
Aug 08, 2024	2024 (Q2)	-0.05 / -0.02	-0.09	77.78% (+0.07)
May 08, 2024	2024 (Q1)	-0.07 / -0.06	-0.15	60.00% (+0.09)
Mar 14, 2024	2023 (Q4)	-0.09 / -0.07	-0.21	66.67% (+0.14)
Nov 07, 2023	2023 (Q3)	-0.09 / -0.09	-0.19	52.63% (+0.10)
Aug 09, 2023	2023 (Q2)	-0.13 / -0.09	-0.19	52.63% (+0.10)

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
Aug 07, 2025	$3.57	$2.73	-23.53%
May 08, 2025	$3.29	$3.52	+6.99%
Feb 27, 2025	$3.51	$3.13	-10.83%
Nov 06, 2024	$3.86	$4.44	+15.03%

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 Nov 05, 2025, After Close (Confirmed).

What is Blend Labs, Inc. (BLND) earnings time?

Blend Labs, Inc. (BLND) earnings time is at Nov 05, 2025, 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 2025 (Q3) is 0.01.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing