Filing Flows › Blend Labs (BLND) › Q2 2026 › vs Q2 2025
Blend Labs (BLND) Q2 2026 vs Q2 2025 (year over year)
Blend Labs's revenue rose $2.2M (+7%) from $31.6M in Q2 2025 to $33.8M in Q2 2026. The biggest changes: Software platform +$1.9M (+7%); Professional services +$269K (+12%).
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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 21.0% | -31.9% | +52.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Mortgage Suite | $19.2M | $18.0M | $1.3M | +7% |
| Consumer Banking Suite | $12.2M | $11.5M | $686K | +6% |
| Software platform | $31.4M | $29.5M | $1.9M | +7% |
| Professional services | $2.4M | $2.2M | $269K | +12% |
| Revenue | $33.8M | $31.6M | $2.2M | +7% |
| Other income, net | $212K | −$2.0M | $2.2M | — |
| Net loss | $1.5M | $6.8M | −$5.4M | -78% |
| Costs & expenses | $35.5M | $38.5M | −$2.9M | -8% |
| Operating costs | $35.4M | $36.5M | −$1.0M | -3% |
| Income tax | $119K | $41K | $78K | +190% |
| Cost of revenue | $9.0M | $8.3M | $679K | +8% |
| Research & development | $8.7M | $7.5M | $1.2M | +16% |
| Sales & marketing | $6.7M | $7.0M | −$210K | -3% |
| General & admin | $11.0M | $13.7M | −$2.7M | -20% |
| Operating cash sources | $9.4M | $345K | $9.1M | 27× |
| Depreciation & amortization | $1.5M | $640K | $874K | +137% |
| Share-based compensation | $7.0M | $7.6M | −$604K | -8% |
| Working capital & other | $918K | −$7.9M | $8.8M | — |
| Net loss absorbed | $1.5M | $6.8M | −$5.4M | -78% |
| Operating cash flow | $7.9M | −$6.5M | $14.4M | — |
| Free cash flow (OCF − capex) | $7.1M | −$10.1M | $17.2M | — |
| Capital expenditures | $825K | $3.6M | −$2.8M | -77% |
Questions
How much did Blend Labs's revenue grow year over year in Q2 2026?
Blend Labs's revenue rose $2.2M (+7%) from $31.6M in Q2 2025 to $33.8M in Q2 2026.
What drove Blend Labs's revenue change in Q2 2026?
Software platform +$1.9M (+7%); Professional services +$269K (+12%).