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Blend Labs BLND Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$30.8MBeat by $818.2K
EPS-$0.03Miss by $0.05
Revenue estimate$30.0M
EPS estimate$0.02

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$33.1M
EPS estimate$0.02

Financials

Q1 2026

Income statement

See full
Revenue$30.8M+14.9%
Gross profit$23.4M+23.0%
Operating income-$5.1M+36.6%
Net income-$8.0M+15.4%
EPS (diluted)-$0.05+16.7%

Balance sheet

See full
Cash & equivalents$39.4M-35.7%
Total debt$1.4M-20.8%
Total equity-$55.9M-226%
Total assets$161.3M-14.0%

Cash flow

See full
Operating cash flow$7.4M-63.5%
CapEx$1.1M-74.1%
Free cash flow$6.2M-60.5%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$423.7M-54.1%
Enterprise value$385.7M-56.4%
P/S3.3×-4.3×

Profitability

See full
Gross margin74.9%+2.3pp
Operating margin-14.7%-5.0pp
Net margin-4.2%-1.9pp
FCF margin-7.6%-8.9pp

Returns & leverage

See full
Current ratio1.8×-0.6×

Segments

By product

See full
Mortgage Suite$17.2M+17.6%
Consumer Banking Suite$10.8M+11.6%
Professional services$2.9M+12.1%

Versus estimates

Revenue

Q1 2026$30.8MBeat by $818.2K
Q4 2025$32.4MBeat by $590.1KQ3 2025$32.9MBeat by $1.1MQ2 2025$31.5MMiss by $5.2MQ1 2025$26.8MMiss by $5.2MQ4 2024$41.4MBeat by $3.6M

Diluted EPS

Q1 2026-$0.03Miss by $0.05
Q4 2025-$0.03Miss by $0.04Q3 2025-$0.03Miss by $0.05Q2 2025-$0.03Miss by $0.05Q1 2025-$0.01In lineQ4 2024-$0.03Miss by $0.04

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Questions, answered.

When did Blend Labs report Q1 2026 earnings?
Blend Labs (BLND) reported Q1 2026 earnings on May 7, 2026 after market close.
What were Blend Labs's Q1 2026 revenue and EPS?
Blend Labs reported revenue of $30.8M and eps of $-0.03 for Q1 2026.
Did Blend Labs beat estimates in Q1 2026?
Revenue beat the consensus estimate of $30.0M by $818.2K. EPS missed the consensus estimate of $0.02 by $0.05.
How did Blend Labs's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.2% from $26.8M a year earlier and eps declined 200.0% from $-0.01.
Where can I find Blend Labs's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001855747-26-000040) and the 10-Q periodic report (0001855747-26-000042) directly on SEC EDGAR. The filing index links above go to sec.gov.