The earnings call highlighted significant achievements such as consecutive quarters of profitability, expanded market share, reduced customer churn, and strong growth in consumer banking. However, challenges like decreased mortgage suite revenue, expected near-term headwinds for EVPFL, and negative free cash flow were noted. The positive aspects slightly outweigh the negatives, signaling a cautiously optimistic outlook.

Company Guidance

In the second quarter of 2025 earnings call, Blend Labs, Inc. highlighted several key metrics and strategic developments. The company reported total revenue of $31.5 million, marking a 10% year-over-year increase, driven by a 43% rise in consumer banking suite revenue to $11.4 million. Mortgage suite revenue, however, saw a 3% decline to $18 million. Blend's non-GAAP gross margin improved to 76%, and non-GAAP operating income was $4.7 million, representing a 15% margin. The company achieved a record remaining performance obligations (RPO) balance of $190 million. Notably, Blend signed 23 deals in Q2, including three new logos in the independent mortgage bank (IMB) vertical, contributing to an increase in market share and diversification of revenue streams. The company also emphasized the potential of its Rapid Refi and Blend Close products for future growth and highlighted an ongoing AI pilot aimed at enhancing operational efficiency.

Fourth Consecutive Quarter of Solid Results

Blend Labs reported its fourth consecutive quarter of year-over-year total revenue growth and non-GAAP operating profitability.

Sales Momentum and Market Share Expansion

Blend signed 23 new or expanded deals in Q2, double the amount from Q1, including 3 net new logos in the independent mortgage bank (IMB) vertical. This has propelled Blend's remaining performance obligations balance to a new record of $190 million.

Customer Churn Reduction

Churn notices declined by 70% in 2024 and Blend has received zero churn notices from customers in the first 7 months of 2025.

Rapid Growth in Consumer Banking Suite

Consumer banking represented 36% of total revenue in Q2 2025, up from 28% a year ago, with year-over-year growth of 43%.

Non-GAAP Operating Income and Margin

Non-GAAP operating income was $4.7 million, with a non-GAAP operating margin of 15%, marking the fourth consecutive quarter of positive non-GAAP operating income.

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 (BLND) report earnings?

Blend Labs (BLND) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Blend Labs (BLND) earnings time?

Blend Labs (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.

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