secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001855747-25-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574725000091/0001855747-25-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574725000091/q32025_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001855747-25-000091

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