In Q1 FY2026 (ended March 31, 2026), Blend Labs reported revenue of $30.8 million, up 14.9% year-over-year. Net loss narrowed to $8.0 million from $9.5 million a year ago, a 15.4% improvement. Operating loss improved 36.6% to $5.1 million. The company had $37.4 million in cash and no long-term debt, but negative equity of $55.9 million.
•Revenue grew 14.9% YoY to $30.8 million.
•Net loss improved 15.4% to $8.0 million.
•Operating loss improved 36.6% to $5.1 million.
•Cash of $37.4 million; no long-term debt.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Blend Labs provides a cloud-based software platform for financial services firms in the United States, India, and Mexico. The company offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, rapid home lending, personal loans, credit cards, and deposit accounts
A suite of add-on products that offers to enhance consumers' journeys to homeownership, such as close, income verification for mortgage and home equity lines of credit, and home equity loans Blend Builder to configure or build custom workflows from a pre-built set of components.
Its portfolio also includes verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account, decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm, AI capabilities, and workflow intelligence components to manage data collection and automate tasks throughout the loan origination process.
Additionally, it offers application programming interfaces, which integrate the capabilities of technology, data, and service providers into software platform Support services, professional and consulting services. The company serves banks, credit unions, fintechs, and non-bank mortgage lenders. Incorporated in 2012, the company is headquartered in Novato, California.
Blend Labs, Inc. provides a cloud-based software platform for financial services firms, primarily in the United States, India, and Mexico. The company offers a suite of products that power digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, rapid home lending, personal loans, credit cards, and deposit accounts. Additionally, it provides add-on products that enhance consumers' journeys to homeownership, such as close and income verification for mortgage and home equity lines of credit. Blend also offers Blend Builder, which allows financial institutions to configure or build custom workflows from pre-built components. Its platform includes verification components to automate confirmation tasks for underwriting loans or opening deposit accounts, decisioning components to apply business rules automatically, AI capabilities, and workflow intelligence components to manage data collection and automate tasks throughout the loan origination process.
Where is Blend Labs (BLND) listed and in which currency?
Blend Labs, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol BLND. The company's stock trades in U.S. dollars (USD), as it is headquartered in the United States and its primary listing is on a U.S. exchange. Investors can buy and sell shares of BLND on the NYSE during regular trading hours, and the stock is quoted in USD. The company's financial reports and earnings are also denominated in U.S. dollars, reflecting its domestic operations and reporting standards.
What sector and industry does Blend Labs (BLND) operate in?
Blend Labs, Inc. operates in the Technology sector, specifically within the Software - Application industry. This means the company develops and sells software applications designed to address specific needs—in Blend's case, a cloud-based platform for financial services firms. As a software application company, Blend focuses on providing digital solutions that streamline consumer lending processes, including mortgages, home equity loans, and deposit account openings. The Technology sector encompasses companies that create hardware, software, or IT services, and Blend's classification as a software application provider highlights its role in delivering specialized, user-facing software tools to banks, credit unions, fintechs, and non-bank mortgage lenders.
Where is Blend Labs headquartered and what markets does it serve?
Blend Labs, Inc. is headquartered in Novato, California, United States. The company was incorporated in 2012 and serves financial services firms in the United States, India, and Mexico. Its client base includes banks, credit unions, fintechs, and non-bank mortgage lenders. While its primary market is the United States, Blend has expanded its reach to international markets, particularly India and Mexico, indicating a growing global footprint. The company's cloud-based platform enables it to serve clients across different regions without requiring physical presence, allowing it to support digital lending and deposit account processes for financial institutions in these countries.
How does Blend Labs (BLND) generate revenue?
Blend Labs generates revenue by providing a cloud-based software platform and related services to financial services firms. The company offers a suite of products that power digital consumer journeys for various loan types and deposit accounts, as well as add-on products that enhance the homeownership process. Additionally, Blend provides application programming interfaces (APIs) that integrate the capabilities of technology, data, and service providers into its platform. The company also offers support services, professional services, and consulting services to its clients. By charging for access to its platform, add-on modules, and professional services, Blend earns recurring revenue from banks, credit unions, fintechs, and non-bank mortgage lenders. Its platform's verification, decisioning, AI, and workflow intelligence components help automate tasks, reducing the need for human intervention and providing value to clients, which in turn supports Blend's revenue model.