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Blend Labs BLND Software platform — Total Revenue

Other product segments

Mortgage Suite
$17.23M+17.6%
Consumer Banking Suite
$10.76M+11.6%
Professional services
$2.85M+12.1%

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Other financials

Income statement

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Revenue$30.8M+14.9%
Gross profit$23.4M+23.0%
Operating income-$5.1M+36.6%
Net income-$8.0M+15.4%
EPS (diluted)-$0.05+16.7%

Balance sheet

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Cash & equivalents$39.4M-35.7%
Total debt$1.4M-20.8%
Total equity-$55.9M-226%
Total assets$161.3M-14.0%

Cash flow

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Operating cash flow$7.4M-63.5%
CapEx$1.1M-74.1%
Free cash flow$6.2M-60.5%

Valuation

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Market cap$392.23M-52.3%
Enterprise value$354.22M-53.5%
P/S3.1×-3.8×

Profitability

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Gross margin74.9%+2.3pp
Operating margin-14.7%-5.0pp
Net margin-4.2%-1.9pp
FCF margin-7.6%-8.9pp

Returns & leverage

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Return on equity-251.8%+881pp
Debt / equity36.8×+35.5×
Current ratio1.8×-0.6×

Where this comes from

Reported directly by Blend Labs in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Blend Labs’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Blend Labs's software platform — total revenue?
Blend Labs (BLND) reported software platform — total revenue of $27.99M in Q1 2026.
How has Blend Labs's software platform — total revenue changed year-over-year?
Blend Labs's software platform — total revenue increased by 15.2% year-over-year, from $24.3M to $27.99M.
What is the long-term trend for Blend Labs's software platform — total revenue?
Over 4 years (2021 to 2025), Blend Labs's software platform — total revenue has grown at a -2.6% compound annual growth rate (CAGR), from $127.24M to $114.54M.
What does software platform — total revenue mean?
This metric represents the total revenue generated from the company's core cloud-based software platform, which facilitates digital lending and financial services workflows. It captures the subscription, usage-based, and professional services fees earned from financial institutions utilizing the platform for loan originations and consumer account management. Growth in this metric indicates successful market adoption and expansion of the company's digital interface within the financial services sector.