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Blend Labs BLND Q4 2025 Annual earnings

Reported March 10, 2026 · After market close

Revenue$32.4MBeat by $590.1K
EPS-$0.03Miss by $0.04
Revenue estimate$31.8M
EPS estimate$0.01

Next report

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

Financials

Q4 2025

Income statement

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Revenue$31.6M+5.0%
Gross profit$23.4M+4.6%
Operating income-$4.8M-47.5%
Net income-$6.8M-730%
EPS (diluted)-$0.030.0%

Balance sheet

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Cash & equivalents$45.1M+18.5%
Total debt$1.5M-61.5%
Total equity-$30.5M+45.9%
Total assets$170.0M-4.5%

Cash flow

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Operating cash flow$1.5M+134%
CapEx$1.6M-37.6%
Free cash flow-$21.0K+99.7%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$789.63M-26.7%
Enterprise value$746.05M-28.5%
P/S6.4×-2.9×

Profitability

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Gross margin73.3%+1.4pp
Operating margin-18.7%-6.7pp
Net margin-9.1%-3.9pp
FCF margin-0.1%0.0pp

Returns & leverage

See full
Current ratio2.5×-0.9×

Segments

By product

See full
Mortgage Suite$18.9M+3.9%
Consumer Banking Suite$11.4M+21.0%
Professional services$2.2M-12.9%

FAQ

When did Blend Labs report Q4 2025 earnings?
Blend Labs (BLND) reported Q4 2025 earnings on March 10, 2026 after market close.
What were Blend Labs's Q4 2025 revenue and EPS?
Blend Labs reported revenue of $32.4M and eps of $-0.03 for Q4 2025.
Did Blend Labs beat estimates in Q4 2025?
Revenue beat the consensus estimate of $31.8M by $590.1K. EPS missed the consensus estimate of $0.01 by $0.04.
How did Blend Labs's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 21.8% from $41.4M a year earlier and eps grew 0.0% from $-0.03.
Where can I find Blend Labs's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001855747-26-000011) and the 10-K periodic report (0001855747-26-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.