Filing Flows › Blend Labs (BLND) › Q2 2026 › vs Q1 2026
Blend Labs (BLND) Q2 2026 vs Q1 2026 (quarter over quarter)
Blend Labs's revenue rose $3.0M (+10%) from $30.8M in Q1 2026 to $33.8M in Q2 2026. The biggest changes: Software platform +$3.4M (+12%); Professional services −$417K (-15%).
Blend Labs, Q2 2026: revenue $33.8M (+7% year over year), operating margin -4.7%, net loss $1.5M, operating cash flow $7.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 21.0% | 20.2% | +0.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Mortgage Suite | $19.2M | $17.2M | $2.0M | +12% |
| Consumer Banking Suite | $12.2M | $10.8M | $1.4M | +13% |
| Software platform | $31.4M | $28.0M | $3.4M | +12% |
| Professional services | $2.4M | $2.9M | −$417K | -15% |
| Revenue | $33.8M | $30.8M | $3.0M | +10% |
| Other income, net | $212K | −$2.9M | $3.1M | — |
| Net loss | $1.5M | $8.0M | −$6.6M | -82% |
| Costs & expenses | $35.5M | $38.9M | −$3.4M | -9% |
| Operating costs | $35.4M | $35.9M | −$491K | -1% |
| Income tax | $119K | $63K | $56K | +89% |
| Cost of revenue | $9.0M | $7.5M | $1.5M | +20% |
| Research & development | $8.7M | $9.4M | −$730K | -8% |
| Sales & marketing | $6.7M | $6.2M | $542K | +9% |
| General & admin | $11.0M | $12.2M | −$1.1M | -9% |
| Operating cash sources | $9.4M | $15.4M | −$6.0M | -39% |
| Depreciation & amortization | $1.5M | $1.3M | $177K | +13% |
| Share-based compensation | $7.0M | $6.8M | $198K | +3% |
| Working capital & other | $918K | $7.3M | −$6.4M | -87% |
| Net loss absorbed | $1.5M | $8.0M | −$6.6M | -82% |
| Operating cash flow | $7.9M | $7.4M | $575K | +8% |
| Free cash flow (OCF − capex) | $7.1M | $6.2M | $867K | +14% |
| Capital expenditures | $825K | $1.1M | −$292K | -26% |
Questions
How much did Blend Labs's revenue grow quarter over quarter in Q2 2026?
Blend Labs's revenue rose $3.0M (+10%) from $30.8M in Q1 2026 to $33.8M in Q2 2026.
What drove Blend Labs's revenue change in Q2 2026?
Software platform +$3.4M (+12%); Professional services −$417K (-15%).