The earnings call reflects a positive sentiment overall, with significant achievements in transitioning to a software-focused model, substantial cash flow generation, strong sales momentum, and large customer deals. However, there are challenges related to macroeconomic volatility and a slight decrease in economic value per funded loan. Despite these challenges, the positive aspects significantly outweigh the negatives.

Company Guidance -

Q1 2025

During the Blend Labs, Inc. First Quarter 2025 Earnings Call, guidance was provided for the second quarter and full year 2025. The company anticipates platform revenue for Q2 to be between $30.5 million and $32.5 million, projecting year-over-year growth of 10%. They expect Q2 platform non-GAAP operating income to range from $3.5 million to $5 million. The guidance also includes an estimate for platform non-GAAP operating expenses for the full year of 2025, which is projected to be between $85 million and $90 million. Furthermore, Blend Labs, Inc. aims to achieve the "rule of 40," defined as the sum of year-over-year platform revenue growth and non-GAAP operating margin by the end of 2025. The company also highlighted its strategic focus on simplifying operations by selling its Title 365 business, which is expected to enhance operating leverage and support growth initiatives.

Shift to a Software-First Model

Blend Labs is transitioning to a software-focused company by selling its title insurance business and forming strategic platform partnerships, which will drive higher profit margins and improve capital efficiency.

Record Free Cash Flow

Blend Labs achieved a record free cash flow of $15.5 million in Q1 2025, demonstrating strong financial performance even in a tough market.

Strong Sales Momentum

Blend Labs signed 11 new or expanded deals in Q1, nearly three times more than the same period last year, and secured 10 new or expansion deals early in Q2.

Large Financial Institution Deal

Blend Labs announced its largest deal ever, a $50 million renewal and expansion with a top financial institution, showcasing its ability to scale with customers.

Increase in Platform Revenue

Platform revenue grew 12% year over year, marking the third consecutive quarter of year-over-year growth, with Q1 platform revenue at $26.8 million, above the midpoint of guidance.

Expansion of Rapid Products

Blend Labs launched the Rapid Home Lending Suite, which includes refinance and home equity lending solutions, with early success evidenced by higher economic value per funded loan.

Positive Non-GAAP Operating Income

The company achieved a non-GAAP operating income of $1 million, representing a non-GAAP operating margin of 4%, at the high end of guidance.

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
Aug 13, 2025	2025 (Q2)	0.02 / -	-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)
May 09, 2023	2023 (Q1)	-0.18 / -0.15	-0.196	23.47% (+0.05)

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 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%
Aug 08, 2024	$2.69	$3.30	+22.68%

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 Aug 13, 2025, After Close (Confirmed).

What is Blend Labs (BLND) earnings time?

Blend Labs (BLND) earnings time is at Aug 13, 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 (Q2) is 0.02.

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