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Blend Labs Earnings Calls
| Release date | May 07, 2026 |
| EPS estimate | $0.0200 |
| EPS actual | -$0.0400 |
| EPS Surprise | -300.00% |
| Revenue estimate | 30.025M |
| Revenue actual | 30.843M |
| Revenue Surprise | 2.72% |
| Release date | Mar 10, 2026 |
| EPS estimate | $0.0100 |
| EPS actual | -$0.0300 |
| EPS Surprise | -400.00% |
| Revenue estimate | 31.778M |
| Revenue actual | 32.368M |
| Revenue Surprise | 1.86% |
| Release date | Nov 06, 2025 |
| EPS estimate | $0.0200 |
| EPS actual | -$0.0300 |
| EPS Surprise | -250.00% |
| Revenue estimate | 31.778M |
| Revenue actual | 32.86M |
| Revenue Surprise | 3.41% |
| Release date | Aug 07, 2025 |
| EPS estimate | $0.0200 |
| EPS actual | -$0.0300 |
| EPS Surprise | -250.00% |
| Revenue estimate | 36.708M |
| Revenue actual | 31.523M |
| Revenue Surprise | -14.12% |
Last 4 Quarters for Blend Labs
Below you can see how BLND performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 07, 2025 |
| Price on release | $3.57 |
| EPS estimate | $0.0200 |
| EPS actual | -$0.0300 |
| EPS surprise | -250.00% |
| Date | Price |
|---|---|
| Aug 01, 2025 | $3.56 |
| Aug 04, 2025 | $3.74 |
| Aug 05, 2025 | $3.69 |
| Aug 06, 2025 | $3.58 |
| Aug 07, 2025 | $3.57 |
| Aug 08, 2025 | $2.73 |
| Aug 11, 2025 | $2.82 |
| Aug 12, 2025 | $2.93 |
| Aug 13, 2025 | $2.99 |
| 4 days before | 0.281% |
| 4 days after | -16.25% |
| On release day | -23.53% |
| Change in period | -16.01% |
| Release date | Nov 06, 2025 |
| Price on release | $2.99 |
| EPS estimate | $0.0200 |
| EPS actual | -$0.0300 |
| EPS surprise | -250.00% |
| Date | Price |
|---|---|
| Oct 31, 2025 | $3.31 |
| Nov 03, 2025 | $3.25 |
| Nov 04, 2025 | $3.17 |
| Nov 05, 2025 | $3.22 |
| Nov 06, 2025 | $2.99 |
| Nov 07, 2025 | $2.79 |
| Nov 10, 2025 | $3.00 |
| Nov 11, 2025 | $3.00 |
| Nov 12, 2025 | $3.06 |
| 4 days before | -9.67% |
| 4 days after | 2.34% |
| On release day | -6.69% |
| Change in period | -7.55% |
| Release date | Mar 10, 2026 |
| Price on release | $1.63 |
| EPS estimate | $0.0100 |
| EPS actual | -$0.0300 |
| EPS surprise | -400.00% |
| Date | Price |
|---|---|
| Mar 04, 2026 | $1.71 |
| Mar 05, 2026 | $1.72 |
| Mar 06, 2026 | $1.65 |
| Mar 09, 2026 | $1.67 |
| Mar 10, 2026 | $1.63 |
| Mar 11, 2026 | $1.82 |
| Mar 12, 2026 | $1.61 |
| Mar 13, 2026 | $1.56 |
| Mar 16, 2026 | $1.47 |
| 4 days before | -4.68% |
| 4 days after | -9.82% |
| On release day | 11.66% |
| Change in period | -14.04% |
| Release date | May 07, 2026 |
| Price on release | $1.61 |
| EPS estimate | $0.0200 |
| EPS actual | -$0.0400 |
| EPS surprise | -300.00% |
| Date | Price |
|---|---|
| May 01, 2026 | $1.52 |
| May 04, 2026 | $1.53 |
| May 05, 2026 | $1.55 |
| May 06, 2026 | $1.60 |
| May 07, 2026 | $1.61 |
| May 08, 2026 | $1.38 |
| May 11, 2026 | $1.45 |
| May 12, 2026 | $1.41 |
| May 13, 2026 | $1.46 |
| 4 days before | 5.92% |
| 4 days after | -9.32% |
| On release day | -14.29% |
| Change in period | -3.95% |
Blend Labs Earnings Call Transcript Summary of Q1 2026
Blend reported a stronger-than-expected Q1 2026: revenue of $30.8M (up 15% YoY) and non-GAAP operating income above guidance, with non-GAAP operating margin expanding to ~13%. Mortgage Suite revenue grew 18% YoY to $17.2M, driven by higher funded loan volume (funded loans up ~29% YoY to ~$187k) though economic value per funded loan (evPFL) was at the low end of guidance ($84). Consumer Banking revenue was $10.8M, up 12% YoY. Professional services was $2.9M (included ~$600k catch-up). Gross margin benefited from one-time items; free cash flow was $7.3M and the company ended Q1 with $59M in cash and zero debt. Blend repurchased 11.2M shares for $18.6M in the quarter. Management signed 15 new deals/expansions in Q1 and pipeline is +40% YoY (not including Autopilot).
Key strategic development: Autopilot (Blend’s agentic AI/orchestration layer) was launched in beta ~2 months ago, with 65 lenders activated, 22 live in production and >7,000 applications touched; management views Autopilot as a new material growth leg, planning to move to paid tiers (and eventually a per-funded-loan model) and already seeing a ~$10M pipeline tied to Autopilot. Management expects Autopilot plus internal AI (Blend Background Agents) to drive material productivity improvements and believes these initiatives could create a path to 10–15% incremental top-line growth by 2027 and materially improve internal efficiency.
Guidance and risks: Q2 2026 revenue guide $32M–$34M (≈ +1% to +7% YoY). Management expects evPFL to step down to $79–$80 in Q2 (seasonal and volume effects) and warns macro sensitivity from mortgage rates and home equity volumes could moderate Mortgage and Consumer Banking revenue in H2 absent rate improvement. Autopilot upside is not baked into near-term guidance and management cautions investors against heavily modeling Autopilot revenue until the free trial period ends and paid conversion is observable. Company remains focused on cost discipline and AI-enabled productivity gains internally.
