secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001855747-26-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574726000040/0001855747-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574726000040/blnd-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001855747-26-000040

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