---
schema_version: "secwatch.filing_event.v1"
accession: "0001855747-22-000032"
form_type: "8-K"
ticker: "BLND"
cik: "0001855747"
company_name: "Blend Labs, Inc."
filed_at: "2022-05-12T23:59:59+00:00"
generated_at: "2026-06-25T19:24:20.300892+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blend Q1 rev $71.5M (+124% YoY); GAAP op loss $69.7M; reaffirms FY22 guidance

## Summary
- Revenue $71.5M (+124% YoY) includes $38.7M from Title365; Blend Platform revenue $32.8M (+3% YoY).
- GAAP loss from operations $69.7M vs $27.2M in Q1 2021; non-GAAP op loss $39.5M.
- Consumer Banking & Marketplace revenue $7.2M (+55% YoY); Mortgage Banking $24.5M (-7% vs 44% industry decline).
- Reaffirmed FY22 consolidated revenue guidance $230-250M; expects US mortgage originations down ~41% (prior ~35%).
- Added 8 new customers (total 351); cash & securities $499.4M, debt $225.0M; revolver undrawn.

## SEC filing metadata
- accession: 0001855747-22-000032
- form_type: 8-K
- ticker: BLND
- cik: 0001855747
- company_name: Blend Labs, Inc.
- filed_at: 2022-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855747/000185574722000032/0001855747-22-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855747/000185574722000032/blnd-20220512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855747-22-000032
- JSON: https://secwatch.observer/filing/0001855747-22-000032.json
- Plain text: https://secwatch.observer/filing/0001855747-22-000032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.