---
schema_version: "secwatch.filing_event.v1"
accession: "0001855747-25-000040"
form_type: "8-K"
ticker: "BLND"
cik: "0001855747"
company_name: "Blend Labs, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:32:49.327322+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Blend Labs Q1 platform revenue $26.8M, beats consensus; first positive free cash flow

## Summary
- Platform revenue $26.8M (+12% YoY) above guidance midpoint; Consumer Banking Suite revenue up 45% to $9.6M.
- GAAP operating loss narrowed to $7.7M from $21.2M YoY; non-GAAP operating income $1.0M (4% margin).
- First-ever positive free cash flow $15.5M; cash & securities $109.8M, no debt.
- Record Q1 signings; total RPO $158.1M (+70% YoY).
- Exclusive process initiated to sell Title365 title insurance business; aligns with software-first strategy.

## SEC filing metadata
- accession: 0001855747-25-000040
- form_type: 8-K
- ticker: BLND
- cik: 0001855747
- company_name: Blend Labs, Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855747/000185574725000040/0001855747-25-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855747/000185574725000040/blnd-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855747-25-000040
- JSON: https://secwatch.observer/filing/0001855747-25-000040.json
- Plain text: https://secwatch.observer/filing/0001855747-25-000040.txt

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