Filing Flows › Blend Labs (BLND) › Q2 2026
Blend Labs (BLND) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Blend Labs (BLND) reported revenue of $33.8M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +10% from the quarter before. Operating margin was -4.7%, net loss $1.5M (4.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.8M | +10% | +7% |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | $7.9M | +8% | — |
| Free cash flow | $7.1M | +14% | — |
What changed
Revenue was $33.8M in Q2 2026, up 7% year over year and up 10% from the previous quarter. Mortgage Suite was the largest line at 57% of revenue. Mortgage Suite added $1.3M year over year (up 7%), 57% of the total change.
Gross margin was 73.5%, down 0.3 points from Q2 2025. Operating costs exceeded revenue by $1.6M, an operating margin of -4.7%. Operating expenses fell 6% while revenue rose 7%. The fastest-growing cost line was Research & development (+16%). The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $8.0M loss.
Operating cash flow was $7.9M. Non-cash charges added back $1.5M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $918K. Capital expenditures of $825K left free cash flow of $7.1M.
Questions
What was Blend Labs' revenue in the second quarter 2026?
Blend Labs (BLND) reported revenue of $33.8M for the second quarter 2026 (Q2 2026), +7% from a year earlier and +10% from the quarter before.
Was Blend Labs profitable in the second quarter 2026?
Operating loss was $1.6M (-4.7% of revenue) and net loss $1.5M.
Source: Blend Labs 10-Q on SEC EDGAR.