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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Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Blend Labs, Inc. reported the fiscal year ended December 31, 2025 results: revenue $123.5 million, EPS $0.07.

Period: the fiscal year ended December 31, 2025
Revenue: $123.5 million
EPS: $0.07
Result: preliminary results

Exact text from the filing

Full year revenue was $123.5 million, an increase of 7% compared to 2024. Software platform revenue was $114.4 million, up 7% year-over-year and Professional services revenue was $9.1 million compared to $8.8 million in 2024. Total GAAP gross profit margin was 74%, up from 72% in 2024, and non-GAAP gross profit margin was 77%, up from 73% in 2024. GAAP operating loss was $21.8 million, an improvement from a loss of $48.8 million in 2024. Non-GAAP operating income was $15.1 million, up from a loss of $12.8 million in 2024. GAAP diluted net loss from continuing operations attributable to common stockholders per share was $0.07 compared to a loss of $0.21 in 2024. Non-GAAP diluted net income from continuing operations attributable to common stockholders per share was $0.01 in 2025 compared to a loss of $0.10 in 2024.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Blend Labs, Inc. reported the fourth fiscal quarter ended December 31, 2025 results: revenue $32.4 million, EPS $0.03.

Period: the fourth fiscal quarter ended December 31, 2025
Revenue: $32.4 million
EPS: $0.03
Result: preliminary results

Exact text from the filing

Fourth quarter revenue was $32.4 million, an increase of 7% compared to the fourth quarter of 2024. Software platform revenue was $30.3 million, up 10% year-over-year, and Professional services revenue was $2.1 million compared to $2.5 million in the fourth quarter of 2024. Total GAAP gross profit margin was 76%, up from 74% in the fourth quarter of 2024, and non-GAAP gross profit margin was 80%, up from 75% in the same period last year. GAAP operating loss was $3.6 million, compared to a loss of $3.3 million in the fourth quarter of 2024. Non-GAAP operating income was $5.4 million, up from $3.7 million in the same period last year. GAAP diluted net loss from continuing operations attributable to common stockholders per share was $0.03 compared to a loss of $0.03 in the fourth quarter of 2024. Non-GAAP diluted net income from continuing operations attributable to common stockholders per share was break-even ($0.00) in both the fourth quarter of 2025 and the same period last year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Blend Labs, Inc. reported the first quarter of 2026 results: revenue $28.5M - $30.0M. Guidance initiated.

Period: the first quarter of 2026
Revenue: $28.5M - $30.0M
Guidance: initiated
Result: guidance update

Exact text from the filing

Blend is providing guidance for the first quarter of 2026 as follows: $ in millions Q1 2026 Guidance Total Revenue $28.5M - $30.0M Non-GAAP Operating Income $2.0M - $3.0M

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Source: SEC EDGAR

accession 0001855747-26-000011

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