secwatch / observer

Blend Labs, Inc. — fact timeline

Source-grounded facts extracted from Blend Labs, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

BLND Blend Labs, Inc. JSON
Earnings Releases

Blend Labs, Inc. reported the second quarter of 2026 results: revenue $32.0M - $34.0M. Guidance initiated.

“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”
Earnings Releases

Blend Labs, Inc. reported the fiscal quarter ended March 31, 2026 results: revenue $30.8 million, EPS $0.04.

“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”
Earnings Releases

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

“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”
Earnings Releases

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

“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.”
Earnings Releases

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

“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.”
Earnings Releases

Blend Labs, Inc. updated its second quarter of 2024 guidance (reaffirmed).

“Blend is providing guidance for the second quarter of 2024 as follows: $ in millions Q2 2024 Guidance Blend Platform Segment Revenue $27.0 – $30.0 Title Revenue $10.5 – $11.5 Blend Labs, Inc. Consolidated Revenue $37.5 – $41.5 Non-GAAP Net Operating Loss ($10.5) – ($7.5)”
Earnings Releases

Blend Labs, Inc. reported first fiscal quarter ended March 31, 2024 results: revenue $34.9 million, net income $0.09, EPS $0.09.

“Total company revenue in 1Q24 was $34.9 million”
Material Agreements

Blend Labs, Inc. entered into Investment Agreement with Haveli Brooks Aggregrator, L.P. valued at $150 million (effective 2024-04-29).

“On April 29, 2024 (the “Closing Date”), Blend Labs, Inc., a Delaware corporation (the “Company” or “Blend”), entered into an Investment Agreement (the “Investment Agreement”) with Haveli Brooks Aggregrator, L.P. (the “Investor” or “Haveli”) and issued 150,000 shares of the Company’s Series A Convertible Preferred Stock, par value $0.00001 per share (the “Series A Preferred Stock”), for an aggregate purchase price of $150 million, or $1,000 per share (the “Issuance”).”

Brian Sheth was appointed as Director at Blend Labs, Inc..

“the Board appointed Mr. Sheth to serve as a member of the Board effective as of the Closing Date.”

Erin Collard departed as Director at Blend Labs, Inc..

“On April 23, 2024, each of Ann Mather, Ciara Burnham and Erin Collard informed the Company that they would not stand for reelection to the Board at the Company’s Annual Meeting.”

Ciara Burnham departed as Director at Blend Labs, Inc..

“On April 23, 2024, each of Ann Mather, Ciara Burnham and Erin Collard informed the Company that they would not stand for reelection to the Board at the Company’s Annual Meeting.”

Ann Mather departed as Director at Blend Labs, Inc..

“On April 23, 2024, each of Ann Mather, Ciara Burnham and Erin Collard informed the Company that they would not stand for reelection to the Board at the Company’s Annual Meeting.”
Earnings Releases

Blend Labs, Inc. reported the full fiscal year ended December 31, 2023 results: revenue $156.8 million, EPS $0.76 per share.

“Full Year Financial Summary Revenue • Total company revenue in 2023 was $156.8 million, composed of Blend Platform segment revenue of $109.5 million and Title segment revenue of $47.3 million. • Within the Blend Platform segment, Mortgage Suite revenue decreased by 18% year-over-year, to $77.6 million. • Consumer Banking Suite revenue totaled $23.6 million in 2023, an increase of 22% as compared to 2022. • Professional services revenue increased 7% year-over-year to $8.3 million. Gross Margin & Profitability • Blend GAAP gross profit margin was approximately 52%, up from 38% in 2022. Blend Non-GAAP gross profit margin was approximately 52%, up from 39% in 2022. • GAAP Blend Platform segment gross profit was $76.5 million in 2023, up from $75.2 million in 2022. Non-GAAP Blend Platform segment gross profit was $77.4 million in 2023, up from $76.3 million in 2022. • GAAP and non-GAAP Software platform gross margins were 78% in 2023, up compared to 73% on a GAAP and non-GAAP basis in 2022.”
Earnings Releases

Blend Labs, Inc. reported the fourth fiscal quarter ended December 31, 2023 results: revenue $36.1 million, EPS $0.13 per share.

“Total company revenue in 4Q23 was $36.1 million, composed of Blend Platform segment revenue of $25.9 million and Title segment revenue of $10.2 million. • Within the Blend Platform segment, Mortgage Suite revenue decreased by 3% year-over-year to $17.2 million, amidst a 20-25% industry mortgage market volume decline over the same period as determined by Blend’s internal estimates, which are informed from a sample of third-party estimates, such as those published by the Mortgage Bankers Association, Fannie Mae, and Inside Mortgage Finance where Home Mortgage Disclosure Act data is unavailable. • Consumer Banking Suite revenue totaled $6.4 million in 4Q23, an increase of 15% as compared to the prior-year period. • Professional services revenue increased 11% year-over-year to $2.3 million. Gross Margin & Profitability • Blend GAAP gross profit margin was approximately 55%, up from 34% in 4Q22. Blend non-GAAP gross profit margin was approximately 55%, up from 35% in 4Q22. • GAAP Blend Plat”
Earnings Releases

Blend Labs, Inc. reported financial results for the fourth fiscal quarter and the full fiscal year ended December 31, 2023.

“On March 14, 2024 , Blend Labs, Inc. (the “Company” or “Blend”) issued a press release announcing its financial results for the fourth fiscal quarter and the full fiscal year ended December 31, 2023.”
Material Agreements

Blend Labs, Inc. amended Second Amendment to the Credit Agreement with Blue Owl Technology Finance Corp. valued at aggregate principal amount of $85,000,000 (effective 2023-11-27).

“On November 27, 2023 , Blend Labs, Inc. (the “Company”) entered into a Second Amendment to the Credit Agreement, among the Company, as borrower, the guarantors party thereto, and Blue Owl Technology Finance Corp., as administrative agent for the Lenders (the “Amendment”).”
Earnings Releases

Blend Labs, Inc. reported fourth quarter of 2023 results: revenue $34.5 - 40.5. Guidance initiated.

“Blend is providing guidance for the fourth quarter of 2023 as follows: $ in millions Q4 2023 Guidance Blend Platform Revenue $25.0 - 30.0 Title Revenue $9.5 - 10.5 Blend Labs, Inc. Consolidated Revenue $34.5 - 40.5 Non-GAAP Net Operating Loss $17.0 - 14.0”
Earnings Releases

Blend Labs, Inc. reported third quarter 2023 results: revenue $40.6 million, EPS $0.18.

“quarter 2023 financial results. “Blend’s third quarter results demonstrate the continued strength of our business model and the promise of our long-term vision. We delivered $40.6 million in total company revenue, well within the range we provided during our September Investor Day, driven in part by double-digit year-over-year growth in our consumer banking”
Earnings Releases

Blend Labs, Inc. reported third quarter of 2023 results: revenue $38.0 - 42.0. Guidance initiated.

“Blend is providing guidance for the third quarter of 2023 as follows: $ in millions Q3 2023 Guidance Blend Platform Revenue $27.0 - 30.0 Title Revenue $11.0 - 12.0 Blend Labs, Inc. Consolidated Revenue $38.0 - 42.0 Non-GAAP Net Operating Loss $17.5 - 15.5”
Earnings Releases

Blend Labs, Inc. reported second quarter ended June 30, 2023 results: revenue Total company revenue was $42.8 million, EPS GAAP net loss per share attributable to common stockholders was $0.18. Guidance reaffirmed.

“our customers. Therefore, we believe we are in a strong position to deliver on our long-term goals.” Second Quarter 2023 Financial Highlights Revenue • Total company revenue was $42.8 million, composed of Platform revenue of $30.3 million and Title revenue of $12.5 million. • Within the Platform segment, Mortgage Banking Suite revenue declined by 17% year-over-year,”
Restructurings & Charges

Blend Labs, Inc. announced a restructuring with charges of approximately $7.2 million affecting title operations, corporate operations in research and development, sales and marketing, and general and administrative functions (approximately 150 current positions, or approximately 19% of the Company’s current onshore workforce).

“The August 2023 Plan further streamlines the Company’s title operations, as well as its corporate operations in research and development, sales and marketing, and general and administrative functions. The August 2023 Plan includes the elimination of approximately 150 current positions, or approximately 19% of the Company’s current onshore workforce, and approximately 20 vacancies across the Company. The Company estimates that it will incur approximately $7.2 million in charges in connection with the August 2023 Plan”

Oxana Tkach was appointed as Controller and principal accounting officer at Blend Labs, Inc..

“On August 9, 2023, the Board of Directors of Blend approved the appointment of Oxana Tkach as the Company’s Controller and principal accounting officer.”
Shareholder Votes

Blend Labs, Inc. shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-06-15 meeting.

“2. Ratification of Appointment of Independent Registered Public Accounting Firm For Against Abstain Broker Non-Votes 572,838,630 51,967 3,135,803 —”
Shareholder Votes

Blend Labs, Inc. shareholders approved Election of seven directors to hold office until the next annual meeting and until successors are elected and qualified at the 2023-06-15 meeting.

“1. Election of Directors Nominee For Withheld Broker Non-Votes Nima Ghamsari 535,187,710 5,057,746 35,780,944 Ciara Burnham 538,135,379 2,110,077 35,780,944 Gerald Chen 534,975,791 5,269,665 35,780,944 Erin James Collard 527,145,631 13,099,825 35,780,944 Erin Lantz 538,697,762 1,547,694 35,780,944 Ann Mather 525,279,844 14,965,612 35,780,944 Timothy J. Mayopoulos 538,195,598 2,049,858 35,780,944”
Earnings Releases

Blend Labs, Inc. reported first fiscal quarter ended March 31, 2023 results: revenue $37.3 million, EPS ($0.28). Guidance reaffirmed.

“Title ( Formerly Title 365 ) $12.6 $11.5 - 12.5 $9.4 $8.5 - 9.5 Blend Labs, Inc. $37.3 $33.0 - 35.0 $37.3 $33.0 - 35.0 First Quarter Financial Summary Total company revenue was $37.3 million, composed of Platform revenue of $24.7 million and Title revenue of $12.6 million. First quarter 2023 results included $3.2 million in software-enabled title revenue that is now”

Amir Jafari was appointed as principal accounting officer at Blend Labs, Inc..

“The Board of Directors of Blend (the “Board”) appointed Amir Jafari, the Company’s current Head of Finance and Administration and principal financial officer as the Company’s principal accounting officer effective upon Mr. Gupta’s departure.”

Manish Gupta departed as Controller and principal accounting officer at Blend Labs, Inc..

“On May 4, 2023, Manish Gupta, Controller and principal accounting officer of Blend, stepped down as Controller and principal accounting officer of Blend, effective immediately.”
Listing & Compliance Notices

Blend Labs, Inc. received a nyse noncompliance notice notice regarding minimum bid price (rules 802.01C).

“April 28, 2023, Blend Labs, Inc. (the “Company”) received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that as of April 27, 2023 it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE’s Listed Company Manual (“Section 802.01C”) because the average closing price of the Company’s Class A Common Stock (the “Common Stock”) was less than $1.00 per share over a consecutive 30 trading-day period. Pursuant to Section 802.01C, the Company has a period of six months following the receipt of the Notice to regain compliance with the min”
Auditor Changes

Blend Labs, Inc. engaged PricewaterhouseCoopers LLP as its auditor.

“the Audit Committee approved the engagement of PricewaterhouseCoopers LLP (“PwC”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, effective immediately”
Auditor Changes

Blend Labs, Inc. dismissed Ernst & Young LLP as its auditor.

“the Audit Committee dismissed Ernst & Young LLP (“EY”), the Company’s current independent registered public accounting firm, effective immediately”
Earnings Releases

Blend Labs, Inc. reported the fourth fiscal quarter and the full fiscal year ended December 31, 2022 results: revenue Consolidated 2022 revenue of $235.2 million, 4Q22 revenue of $42.8 million. Guidance reaffirmed.

“Blend Labs, Inc. (the “Company” or “Blend”) issued a press release announcing its financial results for the fourth fiscal quarter and the full fiscal year ended December 31, 2022.”

Timothy Mayopoulos resigned as President at Blend Labs, Inc..

“On March 13, 2023, Mr. Mayopoulos resigned as President of the Company, effective immediately, to pursue other professional opportunities.”
Restructurings & Charges

Blend Labs, Inc. announced a restructuring with charges of approximately $14 million affecting the Company’s title operations, as well as its corporate operations in R&D, sales and marketing, and general and administrative functions (approximately 340 positions across the Company, or approximately 28% of the Company’s current onshore workforce).

“of approximately 340 positions across the Company, or approximately 28% of the Company’s current onshore workforce. The Company estimates that it will incur approximately $14 million in charges in connection with the January Plan, consisting of cash expenditures for severance payments, employee benefits, payroll taxes and related facilitation costs. The”

Amir Jafari was appointed as Head of Finance and Administration at Blend Labs, Inc..

“On January 10, 2023, the Board appointed Amir Jafari as the Company's new Head of Finance and Administration, such appointment to be effective upon Mr. Jafari's employment commencem”

Erin Lantz was appointed as Director at Blend Labs, Inc..

“On January 10, 2023, the Board appointed Erin Lantz to serve as a member of the Board.”

Roger W. Ferguson, Jr. resigned as Director at Blend Labs, Inc..

“On January 9, 2023, Roger W. Ferguson, Jr. notified the Company of his resignation from the Board of Directors of the Company (the “Board”), effective as of the same date.”
Earnings Releases

Blend Labs, Inc. reported the fiscal quarter ended September 30, 2022 results: revenue $55.4 million. Guidance lowered.

“Blend Announces Third Quarter 2022 Financial Results Total revenue of $55.4 million led by Platform revenue resilience, offset by lower Title365 revenue”
Restructurings & Charges

Blend Labs, Inc. announced a restructuring with charges of approximately $2.8 million affecting title operations (approximately 100 positions across the Company, or approximately 6.4% of the Company’s current workforce).

“On November 9, 2022, the Company committed to a third workforce reduction plan (the “November Plan”) in addition to the workforce reduction plans disclosed on April 18, 2022 and August 15, 2022. The focus of the November Plan is on further streamlining the Company’s title operations in alignment with changing market conditions. The November Plan includes the elimination of approximately 100 positions across the Company, or approximately 6.4% of the Company’s current workforce. The Company estimates that it will incur approximately $2.8 million in charges in connection with the November Plan, consisting of cash expenditures for severance payments, employee benefits, payroll taxes and related facilitation costs.”

Marc Greenberg was appointed as interim principal accounting officer at Blend Labs, Inc..

“Marc Greenberg, Blend’s Head of Finance and principal financial officer, will serve as Blend’s interim principal accounting officer upon the commencement of Mr. Chan’s leave of absence on June 9, 2022 until Mr. Gupta joins Blend on June 14, 2022.”

Manish Gupta was appointed as Controller and principal accounting officer at Blend Labs, Inc..

“Effective June 14, 2022, Manish Gupta will be joining Blend as its Controller and, in this role, will serve as the Company’s principal accounting officer.”

Jonathan Chan departed as Controller and principal accounting officer at Blend Labs, Inc..

“On May 19, 2022 , Blend Labs, Inc. (“Blend”) was notified that Jonathan Chan, Controller and principal accounting officer of Blend, is taking a leave of absence effective June 9, 2022.”

Ciara Burnham was appointed as Director at Blend Labs, Inc..

“On December 11, 2021 , the Board of Directors (the “Board”) of Blend Labs, Inc. (the “Company”) appointed Ciara Burnham to serve as a member of the Board.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.