---
schema_version: "secwatch.filing_event.v1"
accession: "0001855747-22-000056"
form_type: "8-K"
ticker: "BLND"
cik: "0001855747"
company_name: "Blend Labs, Inc."
filed_at: "2022-08-15T23:59:59+00:00"
generated_at: "2026-06-24T00:05:26.188068+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blend Labs Q2 revenue $65.5M; records $391.8M impairment; cuts 11% of workforce

## Summary
- GAAP loss from operations $471.4M includes $391.8M non-cash impairment on Title365 goodwill and intangibles.
- Non-GAAP loss from operations $39.5M vs $26.3M a year ago; cash and marketable securities $450.5M.
- Title365 segment revenue $31.9M; Blend Platform segment revenue $33.6M (+5% YoY) despite 37% mortgage market decline.
- Workforce reduction eliminates 220 positions (~11% of workforce); expects $4M charges, $27.3M annual compensation savings.
- Full-year 2022 revenue guidance unchanged at $230-250M; Blend Platform lowered to $135-145M, Title365 raised to $95-105M.

## SEC filing metadata
- accession: 0001855747-22-000056
- form_type: 8-K
- ticker: BLND
- cik: 0001855747
- company_name: Blend Labs, Inc.
- filed_at: 2022-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855747/000185574722000056/0001855747-22-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855747/000185574722000056/blnd-20220811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855747-22-000056
- JSON: https://secwatch.observer/filing/0001855747-22-000056.json
- Plain text: https://secwatch.observer/filing/0001855747-22-000056.txt

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