Blend Labs, Inc.BLNDEarnings & Financial Report
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BLND Q4 FY2025 Key Financial Metrics
Revenue
$32.4M
Gross Profit
$24.5M
Operating Profit
$-3.6M
Net Profit
$-2.5M
Gross Margin
75.7%
Operating Margin
-11.1%
Net Margin
-7.8%
YoY Growth
7.6%
Blend Labs, Inc. Q4 FY2025 Financial Summary
Blend Labs, Inc. reported revenue of $32.4M (up 7.6% YoY) for Q4 FY2025, with a net profit of $-2.5M (down 207.0% YoY) (-7.8% margin). Cost of goods sold was $7.9M, operating expenses totaled $28.1M.
Key Financial Metrics
| Total Revenue | $32.4M |
|---|---|
| Net Profit | $-2.5M |
| Gross Margin | 75.7% |
| Operating Margin | -11.1% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Blend Labs, Inc. Q4 FY2025 revenue of $32.4M breaks down across 3 segments, led by Mortgage Suite at $18.9M (58.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Mortgage Suite | $18.9M | 58.3% |
| Consumer Banking Suite | $11.4M | 35.3% |
| Professional Services | $2.1M | 6.5% |
Blend Labs, Inc. Revenue by Segment — Quarterly Trend
Blend Labs, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Mortgage Suite and Consumer Banking Suite) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Mortgage Suite | $18.9M | $17.7M | $18.0M | $14.6M |
| Consumer Banking Suite | $11.4M | $12.7M | $11.4M | $9.6M |
| Professional Services | $2.1M | $2.4M | $2.1M | $2.5M |
Blend Labs, Inc. Annual Revenue by Year
Blend Labs, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $123.6M).
Blend Labs, Inc. Quarterly Revenue & Net Profit History
Blend Labs, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $32.4M | +7.6% | $-2.5M | -7.8% |
| Q3 FY2025 | $32.7M | -1.2% | $12.1M | 37.0% |
| Q2 FY2025 | $31.6M | +10.2% | $-6.8M | -21.6% |
| Q1 FY2025 | $26.8M | +12.6% | $-9.5M | -35.5% |
| Q4 FY2024 | $30.1M | +369.1% | $-825.0K | -2.7% |
| Q3 FY2024 | $33.1M | -18.4% | $-2.4M | -7.4% |
| Q2 FY2024 | $28.7M | -33.0% | $-19.4M | -67.6% |
| Q1 FY2024 | $23.8M | -36.1% | $-20.7M | -86.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.8M | $28.7M | $33.1M | $30.1M | $26.8M | $31.6M | $32.7M | $32.4M |
| YoY Growth | -36.1% | -33.0% | -18.4% | 369.1% | 12.6% | 10.2% | -1.2% | 7.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $201.8M | $185.4M | $186.1M | $178.1M | $187.5M | $182.2M | $188.6M | $170.0M |
| Liabilities | $189.9M | $48.3M | $47.5M | $40.4M | $58.8M | $55.0M | $47.2M | $41.0M |
| Equity | $-35.8M | $-45.5M | $-49.6M | $-56.4M | $-17.2M | $-23.1M | $-13.4M | $-30.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-3.9M | $-6.7M | $2.1M | $-4.6M | $20.1M | $-6.5M | $-3.6M | $1.5M |