secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001855747-25-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574725000040/0001855747-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574725000040/blnd-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001855747-25-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer