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Blend Labs BLND Q1 2025 earnings

Reported May 8, 2025 · After market close

Revenue$26.8MMiss by $5.2M
EPS-$0.01In line
Revenue estimate$31.9M
EPS estimate-$0.01

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$32.5M
EPS estimate$0.01

Financials

Q1 2025

Income statement

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Revenue$26.8M+12.6%
Gross profit$19.0M+18.4%
Operating income-$8.0M+62.4%
Net income-$9.5M+54.0%
EPS (diluted)-$0.06+25.0%

Balance sheet

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Cash & equivalents$61.3M-25.8%
Total debt$1.7M-98.9%
Total equity-$17.2M+52.0%
Total assets$187.5M-7.1%

Cash flow

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Operating cash flow$20.1M+620%
CapEx$4.3M+120%
Free cash flow$15.8M+371%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$869.87M+6.2%
Enterprise value$810.31M-8.6%
P/S7.3×—

Profitability

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Gross margin72.6%—
Operating margin-30%—
Net margin-27.1%—
FCF margin-1%—

Returns & leverage

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Current ratio2.4×-1.3×

Segments

By product

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Mortgage Suite$14.7M-2.8%
Consumer Banking Suite$9.6M+44.8%
Professional services$2.5M+20.9%

FAQ

When did Blend Labs report Q1 2025 earnings?
Blend Labs (BLND) reported Q1 2025 earnings on May 8, 2025 after market close.
What were Blend Labs's Q1 2025 revenue and EPS?
Blend Labs reported revenue of $26.8M and eps of $-0.01 for Q1 2025.
Did Blend Labs beat estimates in Q1 2025?
Revenue missed the consensus estimate of $31.9M by $5.2M. EPS beat the consensus estimate of $-0.01 by $0.00.
How did Blend Labs's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 23.4% from $34.9M a year earlier and eps grew 83.3% from $-0.06.
Where can I find Blend Labs's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001855747-25-000040) and the 10-Q periodic report (0001855747-25-000041) directly on SEC EDGAR. The filing index links above go to sec.gov.