{"schema_version":"secwatch.filing_event.v1","accession":"0001855747-23-000039","form_type":"8-K","ticker":"BLND","cik":"0001855747","company_name":"Blend Labs, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.286701+00:00","generated_at":"2026-06-15T10:09:03.012488+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Blend Labs Q1 revenue $37.3M beats guidance; GAAP EPS -$0.28; principal accounting officer changes","bullets":["Q1 revenue $37.3M (Platform $24.7M, Title $12.6M) vs. guidance $33-35M; GAAP operating loss $61.4M, non-GAAP $30.7M.","GAAP net loss per share ($0.28) improved from ($0.32) in Q1 2022; non-GAAP EPS ($0.15) vs ($0.20).","Mortgage market share rose to 23.2% in H2 2022 from 14.5% in H2 2021; Navy Federal selected Blend for deposit accounts.","Principal accounting officer Manish Gupta stepped down, effective immediately; replaced by Amir Jafari (Head of Finance).","Q2 2023 guidance: consolidated revenue $39.5-41.0M, non-GAAP net operating loss $25-26.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001855747-23-000039","json":"https://secwatch.observer/filing/0001855747-23-000039.json","markdown":"https://secwatch.observer/filing/0001855747-23-000039.md","text":"https://secwatch.observer/filing/0001855747-23-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855747/000185574723000039/0001855747-23-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855747/000185574723000039/blnd-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T10:09:03.012488+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ced3cb388bad44c4b5e585aa04befb43efd02f34","claim":"Blend Labs, Inc. reported first fiscal quarter ended March 31, 2023 results: revenue $37.3 million, EPS ($0.28). Guidance reaffirmed.","evidence_excerpt":"Title ( Formerly Title 365 ) $12.6 $11.5 - 12.5 $9.4 $8.5 - 9.5 Blend Labs, Inc. $37.3 $33.0 - 35.0 $37.3 $33.0 - 35.0 First Quarter Financial Summary Total company revenue was $37.3 million, composed of Platform revenue of $24.7 million and Title revenue of $12.6 million. First quarter 2023 results included $3.2 million in software-enabled title revenue that is now","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855747/000185574723000039/0001855747-23-000039-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended March 31, 2023"},{"label":"Revenue","value":"$37.3 million"},{"label":"EPS","value":"($0.28)"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"6659b40c8f","claim":"Manish Gupta departed as Controller and principal accounting officer at Blend Labs, Inc..","evidence_excerpt":"On May 4, 2023, Manish Gupta, Controller and principal accounting officer of Blend, stepped down as Controller and principal accounting officer of Blend, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855747/000185574723000039/0001855747-23-000039-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Controller and principal accounting officer"}],"fact_type":"executive_change"},{"claim_id":"75ab7f8eb1","claim":"Amir Jafari was appointed as principal accounting officer at Blend Labs, Inc..","evidence_excerpt":"The Board of Directors of Blend (the “Board”) appointed Amir Jafari, the Company’s current Head of Finance and Administration and principal financial officer as the Company’s principal accounting officer effective upon Mr. Gupta’s departure.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855747/000185574723000039/0001855747-23-000039-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"principal accounting officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}