NYSE$BLND

Blend Labs Inc. · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Blend Labs Inc. reported Q2 2025 results showing 10% revenue growth driven by Consumer Banking Suite expansion.

The company generated $31.5 million in total revenue for the quarter, with software platform revenue reaching $29.4 million. Operating loss narrowed to $4.6 million from $13.1 million in the prior year. Blend continued its strategic shift by classifying the Title business as discontinued operations.

  • Total revenue increased 10% year-over-year to $31.5 million, led by 43% growth in Consumer Banking Suite.
  • Gross profit rose 15% to $23.3 million, improving gross margin to 74%.
  • Net loss attributable to common stockholders was $11.0 million, or $0.04 per share.
  • Cash and cash equivalents stood at $36.5 million as of June 30, 2025, with total assets at $183.1 million.

Headline financials

Total Revenue

$31.5M

Previous: $40.5M-22.1%
EPS (adj)

-$0.04

Previous: -$0.09+55.6%
Net Income

-$6.65M

Previous: -$19.4M+65.8%
Operating Income

-$4.62M

Previous: -$13.3M+65.3%
Gross Profit

$23.3M

Previous: $21.7M+7.5%
Cash & Equivalents

$36.5M

Previous: $45.5M-19.7%
Total Assets

$183M

Previous: $185M-1.3%

Revenue & EPS history

Blend · Revenue · Quarterly

$31.5M

Q2 2025-22.1%vs Q2 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Blend · $60.9M total across 4 segments · Q2 2025

  • Total Software Platform
    $29.4M
  • Mortgage Suite
    $18M
  • Consumer Banking Suite
    $11.4M
  • Professional Services
    $2.13M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+1.6%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-7.0%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+40.1%

Q1 2023

Best reaction

-37.9%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+1.9%-11.9%+0.6%
Q4 2025+11.8%-9.8%-12.9%
Q3 2025-7.5%-6.8%-3.4%
Q1 2025+7.3%+9.7%+13.7%
Q4 2024-10.8%-11.4%+1.4%
Q3 2024+16.8%+25.0%+40.8%
Q2 2024+23.6%+40.8%+25.8%
Q1 2024+15.4%+16.2%+10.4%
Q4 2023+7.7%+24.5%-3.1%
Q3 2023-3.5%-14.8%+12.7%
Q2 2023+13.5%+7.1%-11.9%
Q1 2023+40.1%+36.8%+46.3%
Q4 2022-37.9%-32.7%-48.2%
Q3 2022+11.8%+16.6%-33.7%
Q2 2022+16.8%+2.0%+1.6%
Q1 2022+27.3%+18.0%+2.8%
Q4 2019-20.3%-17.3%-28.4%
Q4 2021-20.3%-17.3%-28.4%
Q3 2020-5.6%-8.6%-40.8%
Q3 2021-16.7%-16.5%-47.2%
Q4 2020-8.7%-8.7%-16.0%
Q2 2020-8.7%-8.7%-16.0%
Q1 2021-8.7%-8.7%-16.0%
Q2 2021-7.4%-13.1%-17.4%
Q1 2020

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