Blend Labs Q3 revenue $32.9M (-1% YoY) beats guidance; GAAP net income $0.02/share

Blend Labs, Inc.

2025-Q3 EPS reported -$0.07 revenue$91,153,000

Software platform revenue $30.5M (-2% YoY); professional services $2.4M (+18% YoY).
GAAP operating loss narrowed to $4.9M from $11.3M; non-GAAP operating income $4.6M vs $0.3M.
Added/expanded 14 customer relationships; pipeline up ~60% YoY.
Q4 2025 guidance: revenue $31M-$32.5M, non-GAAP net operating income $2.5M-$3.5M.
Expects Q1 2026 mortgage market of 1.07-1.17M units, down seasonally from Q4.

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