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Blend Labs BLND Q2 2025 earnings

Reported August 7, 2025 · After market close

Revenue$31.5MMiss by $5.2M
EPS-$0.03Miss by $0.05
Revenue estimate$36.7M
EPS estimate$0.02

Next report

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

Financials

Q2 2025

Income statement

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Revenue$31.6M+10.2%
Gross profit$23.4M+14.8%
Operating income-$4.8M+63.1%
Net income-$6.8M+64.7%
EPS (diluted)-$0.03+66.7%

Balance sheet

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Cash & equivalents$41.5M-11.2%
Total debt$2.4M-75.9%
Total equity-$23.1M+49.3%
Total assets$182.2M-1.7%

Cash flow

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CapEx$3.6M+94.3%
Free cash flow-$10.1M-18.6%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$868.64M+45.8%
Enterprise value$829.49M+48.5%
P/S7.1×

Profitability

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Gross margin73.3%
Operating margin-22.5%
Net margin-16.1%
FCF margin-2.2%

Returns & leverage

See full
Current ratio2.4×-1.0×

Segments

By product

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Mortgage Suite$18.0M-2.7%
Consumer Banking Suite$11.4M+42.5%
Professional services$2.2M-2.6%

Versus estimates

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Questions, answered.

When did Blend Labs report Q2 2025 earnings?
Blend Labs (BLND) reported Q2 2025 earnings on August 7, 2025 after market close.
What were Blend Labs's Q2 2025 revenue and EPS?
Blend Labs reported revenue of $31.5M and eps of $-0.03 for Q2 2025.
Did Blend Labs beat estimates in Q2 2025?
Revenue missed the consensus estimate of $36.7M by $5.2M. EPS missed the consensus estimate of $0.02 by $0.05.
How did Blend Labs's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 22.1% from $40.5M a year earlier and eps declined 50.0% from $-0.02.
Where can I find Blend Labs's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001855747-25-000069) directly on SEC EDGAR. The filing index links above go to sec.gov.