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Blend Labs BLND Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$32.9MBeat by $1.1M
EPS-$0.03Miss by $0.05
Revenue estimate$31.8M
EPS estimate$0.02

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$32.7M-1.2%
Gross profit$24.3M-0.9%
Operating income-$5.3M+52.6%
Net income$12.1M+595%
EPS (diluted)$0.02+167%

Balance sheet

See full
Cash & equivalents$60.0M+8.0%
Total debt$1.6M-69.4%
Total equity-$13.4M+73.0%
Total assets$188.6M+1.3%

Cash flow

See full
CapEx$2.1M-38.1%
Free cash flow-$5.8M-326%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$946.53M-0.7%
Enterprise value$888.1M-1.7%
P/S7.8×—

Profitability

See full
Gross margin73.4%—
Operating margin-17.7%—
Net margin-4.2%—
FCF margin-5.9%—

Returns & leverage

See full
Current ratio2.5×-0.7×

Segments

By product

See full
Mortgage Suite$17.7M-17.7%
Consumer Banking Suite$12.7M+33.7%
Professional services$2.4M+17.8%

Versus estimates

Revenue

Q1 2026$30.8MBeat by $818.2KQ4 2025$32.4MBeat by $590.1K
Q3 2025$32.9MBeat by $1.1M
Q2 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 $0.05Q4 2025-$0.03Miss by $0.04
Q3 2025-$0.03Miss by $0.05
Q2 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 Q3 2025 earnings?
Blend Labs (BLND) reported Q3 2025 earnings on November 6, 2025 after market close.
What were Blend Labs's Q3 2025 revenue and EPS?
Blend Labs reported revenue of $32.9M and eps of $-0.03 for Q3 2025.
Did Blend Labs beat estimates in Q3 2025?
Revenue beat the consensus estimate of $31.8M by $1.1M. EPS missed the consensus estimate of $0.02 by $0.05.
How did Blend Labs's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 27.3% from $45.2M a year earlier and eps grew 25.0% from $-0.04.
Where can I find Blend Labs's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001855747-25-000091) and the 10-Q periodic report (0001855747-25-000092) directly on SEC EDGAR. The filing index links above go to sec.gov.