---
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"
generated_at: "2026-06-15T10:09:03.012488+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blend Labs Q1 revenue $37.3M beats guidance; GAAP EPS -$0.28; principal accounting officer changes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855747-23-000039
- JSON: https://secwatch.observer/filing/0001855747-23-000039.json
- Plain text: https://secwatch.observer/filing/0001855747-23-000039.txt

## Key facts
- Earnings Releases
  Blend Labs, Inc. reported first fiscal quarter ended March 31, 2023 results: revenue $37.3 million, EPS ($0.28). Guidance reaffirmed.
  - Period: first fiscal quarter ended March 31, 2023
  - Revenue: $37.3 million
  - EPS: ($0.28)
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1855747/000185574723000039/0001855747-23-000039-index.htm
- Executive change
  Manish Gupta departed as Controller and principal accounting officer at Blend Labs, Inc..
  - Action: stepped down
  - Role: Controller and principal accounting officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1855747/000185574723000039/0001855747-23-000039-index.htm
- Executive change
  Amir Jafari was appointed as principal accounting officer at Blend Labs, Inc..
  - Action: appointed
  - Role: principal accounting officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1855747/000185574723000039/0001855747-23-000039-index.htm

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