Blend Labs Q4 revenue $32.4M, non-GAAP op income beats guidance; authorizes $50M buyback

Blend Labs, Inc.

Q4 revenue $32.4M (+7% YoY); software platform revenue $30.3M (+10%).
Non-GAAP operating income $5.4M vs guidance high end of $3.7M; GAAP op loss $3.6M.
Full-year revenue $123.5M (+7%); GAAP op loss improved to $21.8M from $48.8M.
Board authorized $50M share repurchase; Q4 repurchased 5.1M shares for >$15M.
Q1 2026 guidance: revenue $28.5M-$30M, non-GAAP op income $2M-$3M.

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