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Blend Labs (BLND) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Blend Labs (BLND) Q3 2026 earnings results →
Q3 2026 Revenue up 1% year over year to $32.9M · 6¢ of every $1 of revenue lost · operating margin -8.0%
Blend Labs made $32.9M in Q3 2026 (+0.7% Y/Y): Software platform $30.6M, Professional services $2.3M. Operating margin -8.0%, net loss $1.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $32.9M in Q3 2026, up 1% year over year and down 3% from the previous quarter. Mortgage Suite was the largest line at 53% of revenue. Consumer Banking Suite added $586K year over year (up 5%), 273% of the total change. Mortgage Suite declined 2%.
Gross margin was 72.2%, down 2.1 points from Q3 2025. Operating costs exceeded revenue by $2.6M, an operating margin of -8.0%. Operating expenses fell 11% while revenue rose 1%. The quarter ended with a net loss of $1.9M, wider than the previous quarter's $1.5M loss. Non-operating items added $809K, -44% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $863K. Non-cash charges added back $1.6M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $4.8M. Capital expenditures of $769K left free cash flow of $94K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $32.9M | +0.7% | -8.0% | −$1.9M | $863K |
| Q2 2026 | 10-Q | Aug 6, 2026 | $33.8M | +7% | -4.7% | −$1.5M | $7.9M |
| Q1 2026 | 10-Q | May 7, 2026 | $30.8M | +15% | -16.4% | −$8.0M | $7.4M |
| Q4 2025 | 10-K | Mar 16, 2026 | $31.6M | +5% | -15.3% | −$2.5M | $1.5M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $32.7M | -1% | -15.0% | $12.1M | −$3.1M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $31.6M | +10% | -15.3% | −$6.8M | −$6.5M |
| Q1 2025 | 10-Q | May 8, 2025 | $26.8M | +13% | -29.7% | −$9.7M | $20.1M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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About Blend Labs
Blend (NYSE: BLND) is on a mission to transform the financial services industry by making the process of obtaining a loan or opening an account as seamless and intuitive as modern e-commerce. Today’s consumers expect simplicity, hyper-personalization, and speed across every banking and lending interaction. Our platform brings together the data, technology, and AI-powered architecture needed to streamline and personalize every step of origination. We help financial institutions deliver transparency, speed, and scale across all major product lines in home lending and consumer banking, supporting end-to-end mortgage applications, home equity, refinance, vehicle, credit card, personal loan, and deposit account opening.
In its own words, from its 10-K, filed Mar 16, 2026.
Blend Labs against its Services-Computer Programming, Data Processing, Etc. peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.7% against the peers' median +14%. Operating margin: -8.0% against the peers' median 19.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BLND Blend Labs | Q3 2026 | $32.9M | +0.7% | -8.0% |
| GOOGL Alphabet | Q3 2026 | $127.6B | +25% | 31.8% |
| META Meta Platforms | Q3 2026 | $64.6B | +26% | 20.1% |
| SPCX Space Exploration Technologies | Q3 2026 | $14.6B | +161% | 19.1% |
| FLUT Flutter Entertainment | Q3 2026 | $3.9B | +2% | -30.7% |
| APP AppLovin | Q3 2026 | $2.2B | +56% | 78.2% |
| SNAP Snap | Q3 2026 | $1.7B | +14% | 4.5% |
| ZM Zoom Communications | Q2 FY27 | $1.3B | +5% | 24.6% |
| PINS Pinterest | Q3 2026 | $1.2B | +12% | 2.6% |
Source: Blend Labs 10-Q on SEC EDGAR · CIK 1855747 · Services-Computer Programming, Data Processing, Etc.
Guidance and outlook
13F: who owns BLND and who is buying
More on BLND
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results