{"schema_version":"secwatch.filing_event.v1","accession":"0001855747-24-000049","form_type":"8-K","ticker":"BLND","cik":"0001855747","company_name":"Blend Labs, Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.900788+00:00","generated_at":"2026-06-02T13:17:00.276538+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Blend Q1 revenue $34.9M; beats operating loss target; repays debt with $150M Haveli investment","bullets":["GAAP net loss $0.09/share vs $0.28 YoY; non-GAAP loss $0.06/share vs $0.15.","Consumer Banking Suite revenue up 29% YoY to $6.7M; Mortgage Suite down 15% to $15.1M.","Free cash flow improved to $(5.8)M from $(47.0)M YoY; unlevered FCF $(1.3)M.","Repaid $140M term loan in April using proceeds from $150M Haveli convertible preferred equity investment.","Q2 2024 guidance: consolidated revenue $37.5-$41.5M; non-GAAP net operating loss $(10.5)-$(7.5)M."],"urls":{"canonical":"https://secwatch.observer/filing/0001855747-24-000049","json":"https://secwatch.observer/filing/0001855747-24-000049.json","markdown":"https://secwatch.observer/filing/0001855747-24-000049.md","text":"https://secwatch.observer/filing/0001855747-24-000049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855747/000185574724000049/0001855747-24-000049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855747/000185574724000049/blnd-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T13:17:00.276538+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":"0ae0a97dcb65870c5b68d255b582e1451b68a903","claim":"Blend Labs, Inc. reported first fiscal quarter ended March 31, 2024 results: revenue $34.9 million, net income $0.09, EPS $0.09.","evidence_excerpt":"Total company revenue in 1Q24 was $34.9 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855747/000185574724000049/0001855747-24-000049-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended March 31, 2024"},{"label":"Revenue","value":"$34.9 million"},{"label":"Net income","value":"$0.09"},{"label":"EPS","value":"$0.09"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"96db45bd06dce909f0b190664e049bf176fd004b","claim":"Blend Labs, Inc. updated its second quarter of 2024 guidance (reaffirmed).","evidence_excerpt":"Blend is providing guidance for the second quarter of 2024 as follows: $ in millions Q2 2024 Guidance Blend Platform Segment Revenue $27.0 – $30.0 Title Revenue $10.5 – $11.5 Blend Labs, Inc. Consolidated Revenue $37.5 – $41.5 Non-GAAP Net Operating Loss ($10.5) – ($7.5)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855747/000185574724000049/0001855747-24-000049-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of 2024"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}