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Blend Labs BLND Professional services — Total Revenue

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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
Revenue
Software platform$31,404$29,465$59,397$53,767
Professional services2,4332,1645,2834,707
Total revenue33,83731,62964,68058,474
Cost of revenue
Software platform7,1526,56012,92012,457
Professional services1,8001,7133,5103,660
Total cost of revenue8,9528,27316,43016,117

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Blend Labs's professional services — total revenue?
Blend Labs (BLND) reported professional services — total revenue of $2.43M in Q2 2026.
How has Blend Labs's professional services — total revenue changed year-over-year?
Blend Labs's professional services — total revenue increased by 12.4% year-over-year, from $2.16M to $2.43M.
What is the long-term trend for Blend Labs's professional services — total revenue?
Over 4 years (2021 to 2025), Blend Labs's professional services — total revenue has grown at a 7.5% compound annual growth rate (CAGR), from $6.95M to $9.27M.
What does professional services — total revenue mean?
This metric represents the total gross income generated from professional services provided to clients, such as implementation, consulting, or integration support. It reflects the demand for specialized assistance in deploying and optimizing the company's core software platform. Tracking this revenue stream helps investors assess the company's ability to monetize its service-based engagements alongside its primary software offerings.

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