---
schema_version: "secwatch.filing_event.v1"
accession: "0001855747-26-000040"
form_type: "8-K"
ticker: "BLND"
cik: "0001855747"
company_name: "Blend Labs, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:01:35.916647+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blend Labs Q1 revenue $30.8M (+15% YoY), non-GAAP op income $4.1M, beats guidance

## Summary
- Q1 revenue $30.8M (+15% YoY), with software platform revenue $28.0M, professional services $2.9M.
- GAAP operating loss narrowed to $5.1M from $8.0M; non-GAAP operating income was $4.1M.
- Non-GAAP gross margin improved to 80% from 73%; GAAP gross margin 76%.
- Q2 guidance: total revenue $32-34M, non-GAAP operating income $5.5-6.5M.
- Added/expanded 15 customer relationships; pipeline up >40% YoY; bought back 11.2M shares for $18.6M.

## SEC filing metadata
- accession: 0001855747-26-000040
- form_type: 8-K
- ticker: BLND
- cik: 0001855747
- company_name: Blend Labs, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855747/000185574726000040/0001855747-26-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855747/000185574726000040/blnd-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855747-26-000040
- JSON: https://secwatch.observer/filing/0001855747-26-000040.json
- Plain text: https://secwatch.observer/filing/0001855747-26-000040.txt

## Source-grounded claims
- claim_id: 7270b12b64bdc5d5358a479b3a4c0b97e0c9b755
  claim: Blend Labs, Inc. reported the fiscal quarter ended March 31, 2026 results: revenue $30.8 million, EPS $0.04.
  evidence_excerpt: Repurchased 11.2 million shares in the first quarter for $18.6 million — $31.4 million remaining on the existing authorization at quarter end. First quarter revenue was $30.8 million, an increase of 15% compared to the first quarter of 2025. Software platform revenue was $28.0 million, up 15% year-over-year, and Professional services revenue was $2.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855747/000185574726000040/0001855747-26-000040-index.htm
- claim_id: abf88a291445cc3b967ce6cdfc6ce76dfa3d355a
  claim: Blend Labs, Inc. reported the second quarter of 2026 results: revenue $32.0M - $34.0M. Guidance initiated.
  evidence_excerpt: Second Quarter Outlook Blend is providing guidance for the second quarter of 2026 as follows: $ in millions Q2 2026 Guidance Total Revenue $32.0M - $34.0M Non-GAAP Operating Income $5.5M - $6.5M
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855747/000185574726000040/0001855747-26-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.