---
schema_version: "secwatch.filing_event.v1"
accession: "0001855747-24-000069"
form_type: "8-K"
ticker: "BLND"
cik: "0001855747"
company_name: "Blend Labs, Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:17:28.300883+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Blend Q2 revenue $40.5M, beats operating loss target; Consumer Banking rev $8.0M (+37% YoY); approves $25M buyback

## Summary
- Total Q2 revenue $40.5M inline with guidance; Blend Platform $28.7M (Mortgage -17% to $18.5M, Consumer Banking +37% to $8.0M).
- GAAP operating loss narrowed to $13.3M from $36.7M; non-GAAP operating loss $5.6M from $17.9M.
- Cash and marketable securities $119.9M, no debt after term loan repaid; free cash flow $(8.5)M vs $(34.6)M.
- Board authorized first-ever $25M share repurchase program.
- Q3 2024 guidance: consolidated revenue $39.5-$43.5M; non-GAAP net operating loss $(7.0)-$(4.0)M.

## SEC filing metadata
- accession: 0001855747-24-000069
- form_type: 8-K
- ticker: BLND
- cik: 0001855747
- company_name: Blend Labs, Inc.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855747/000185574724000069/0001855747-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855747/000185574724000069/blnd-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855747-24-000069
- JSON: https://secwatch.observer/filing/0001855747-24-000069.json
- Plain text: https://secwatch.observer/filing/0001855747-24-000069.txt

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