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Blend Labs BLND Mortgage Suite — Total Revenue

Other product segments

Consumer Banking Suite
$12.16M+6.0%
Professional services
$2.43M+12.4%

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Other financials

Income statement

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Revenue$33.8M+7.0%
Gross profit$24.9M+6.5%
Operating income-$1.6M+67.3%
Net income-$1.5M+78.3%
EPS (diluted)-$0.03+25.0%

Balance sheet

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Cash & equivalents$25.2M-39.2%
Total debt$2.0M-14.2%
Total equity-$74.4M-223%
Total assets$143.6M-21.2%

Cash flow

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Operating cash flow$7.9M
CapEx$825.0K-77.1%
Free cash flow$7.1M+170%

Valuation

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Market cap$357.14M-51.2%
Enterprise value$333.93M-51.8%
P/S2.8×-3.2×

Profitability

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Gross margin74.3%+1.0pp
Operating margin-13%-3.9pp
Net margin-3.3%-1.5pp
FCF margin5.9%+4.6pp

Returns & leverage

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Return on equity-251.8%+881pp
Debt / equity36.8×+35.5×
Current ratio1.6×-0.8×

Where this comes from

Reported directly by Blend Labs in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Blend Labs’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001855747-26-000057
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Blend Platform:
Mortgage Suite$19,240$17,987$36,472$32,645
Consumer Banking Suite12,16411,47822,92521,122
Total software platform31,40429,46559,39753,767
Professional services2,4332,1645,2834,707
Total revenue$33,837$31,629$64,680$58,474

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Blend Labs's mortgage suite — total revenue?
Blend Labs (BLND) reported mortgage suite — total revenue of $19.24M in Q2 2026.
How has Blend Labs's mortgage suite — total revenue changed year-over-year?
Blend Labs's mortgage suite — total revenue increased by 7.0% year-over-year, from $17.99M to $19.24M.
What is the long-term trend for Blend Labs's mortgage suite — total revenue?
Over 4 years (2021 to 2025), Blend Labs's mortgage suite — total revenue has grown at a -11.7% compound annual growth rate (CAGR), from $113.83M to $69.27M.
What does mortgage suite — total revenue mean?
This metric represents the total gross income generated specifically from the company's mortgage-related software platform and digital origination services. It captures the financial performance of the core product suite designed to streamline the mortgage application and closing process for financial institutions. Tracking this revenue stream provides insight into the company's market penetration and adoption rates within the mortgage lending sector.

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