Blend Labs, Inc.
blend.comWhat Do They Do?
Provides software for banks, credit unions, fintechs and mortgage lenders to manage digital applications for loans and deposit accounts.
10-K for FY2025, filed Mar 16, 2026Our platform brings together the data, technology, and AI-powered architecture needed to streamline and personalize every step of…View ↗
Our platform comprises a suite of products that power the origination process from back end workflows, Loan Team and Banker tools to…View ↗
Our customers are currently based in the United States and range in size from the largest banks, credit unions, fintechs, and other…View ↗
How Do They Make Money?
Financial institutions pay for access to Blend's software and completed transactions such as funded loans, new accounts and closings. Some pay fixed fees over a contract term, while others pay by transaction or consumption; marketplace partners also pay fixed or variable fees.
10-K for FY2025, filed Mar 16, 2026Our success-based business model is designed to align our growth with the interests of our customers. We offer our products through…View ↗
We offer our products through software-as-a-service agreements, where fees are assessed based on completed transactions, such as a funded…View ↗
The Company also generates revenue from marketplace partners through arrangements under which partners pay a combination of fixed and…View ↗
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10-K for FY2025, filed Mar 16, 2026
FY2025 revenue by product or service ↗
$123.6M
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10-K for FY2025, filed Mar 16, 2026
$123.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Mortgage Suite
|
56%
FY2022: 40%
|
Mortgage Suite, FY2025
$69.2M Sources
|
|
|
Consumer Banking Suite
|
37%
FY2022: 8.2%
|
Consumer Banking Suite, FY2025
$45.2M Sources
|
|
|
Professional services
Sold outright
|
7.4%
FY2022: 3.3%
|
Professional services, FY2025
$9.1M Sources
|
Sold outright |
Who Are Their Customers?
Banks, credit unions, fintechs and mortgage lenders buy Blend’s software through a direct sales force; customers typically start with one or two products and add more over time.
10-K for FY2025, filed Mar 16, 2026
Do Revenues Turn Into Profits?
No. It lost $6.8M in FY2025.
10-K for FY2025, filed Mar 16, 2026
−$21.7MView ↗
10-K for FY2025, filed Mar 16, 2026
−$6.8MView ↗
10-K for FY2025, filed Mar 16, 2026
−$81KView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$1.5MView ↗
- ▼ −78% (Loss)
- vs −$6.8M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 6, 2026
Blend issued second-quarter results and third-quarter guidance
It forecast third-quarter revenue of $31.5M–$33.5M and non-GAAP operating income of $3.5M–$4.5M.
Sources
8-K, filed Aug 6, 2026
Total Revenue $31.5M - $33.5MView ↗
Shrinking. Revenue fell 47% in 4 years, from $234.5M in FY2021 to $123.6M in FY2025, about 15% a year.
Title business exit
The older report describes a traditional title business alongside its software platform; the latest report describes the title business as exited and its results as discontinued operations.
10-K for FY2022, filed Mar 16, 2023 10-K for FY2025, filed Mar 16, 2026We operate in a single operating segment and a single reporting segment. This reporting structure has been in place since we announced our…View ↗
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