Earnings Releases·Nov 5, 2026, 4:07 PM ET

Blend Labs, Inc. — Third Quarter 2026 Earnings Summary

Total revenue grew 1% year-over-year to $32.9 million, driven by a 5% increase in Consumer Banking Suite revenue, while GAAP operating loss narrowed to $2.6 million from $5.3 million in the prior year period.
Free cash flow for the nine months ended September 30, 2026, surged to $14.3 million with a 15% margin, and share repurchases totaled $37.2 million for the period, though no repurchases occurred in Q3 2026.
Management reported its best sales quarter in over three years with the Autopilot customer base expanding to ten, resulting in Q4 2026 revenue guidance of $27.7 million to $29.7 million and non-GAAP operating income guidance of $2.3 million to $3.3 million.
Deferred revenue increased to $27.1 million as of September 30, 2026, while cash and cash equivalents declined to $20.7 million from $45.1 million at the end of 2025.