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Blend Labs (BLND)
NYSE:BLND
Earnings Data
Report Date
Aug 13, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 13.07%
|Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment|Positive
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
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.
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 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, TBA Not Confirmed.
What is Blend Labs (BLND) earnings time?
Blend Labs (BLND) earnings time is at Aug 13, 2025, TBA Not 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.