Filing Flows › Blend Labs (BLND) › Q3 2026 › vs Q2 2026
Blend Labs (BLND) Q3 2026 vs Q2 2026 (quarter over quarter)
Blend Labs's revenue fell $927K (-3%) from $33.8M in Q2 2026 to $32.9M in Q3 2026. The biggest changes: Software platform −$811K (-3%); Professional services −$116K (-5%).
Blend Labs, Q3 2026: revenue $32.9M (+0.7% year over year), operating margin -8.0%, net loss $1.9M, operating cash flow $863K. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.3% | 21.0% | -20.7 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Mortgage Suite | $17.4M | $19.2M | −$1.8M | -10% |
| Consumer Banking Suite | $13.2M | $12.2M | $1.0M | +8% |
| Software platform | $30.6M | $31.4M | −$811K | -3% |
| Professional services | $2.3M | $2.4M | −$116K | -5% |
| Revenue | $32.9M | $33.8M | −$927K | -3% |
| Other income, net | $809K | $212K | $597K | +282% |
| Net loss | $1.9M | $1.5M | $463K | +31% |
| Costs & expenses | $35.7M | $35.5M | $133K | +0.4% |
| Operating costs | $35.6M | $35.4M | $143K | +0.4% |
| Income tax | $109K | $119K | −$10K | -8% |
| Cost of revenue | $9.2M | $9.0M | $200K | +2% |
| Research & development | $8.4M | $8.7M | −$260K | -3% |
| Sales & marketing | $8.2M | $6.7M | $1.5M | +22% |
| General & admin | $9.8M | $11.0M | −$1.2M | -11% |
| Operating cash sources | $7.6M | $8.5M | −$893K | -11% |
| Depreciation & amortization | $1.6M | $1.5M | $52K | +3% |
| Share-based compensation | $6.0M | $7.0M | −$945K | -14% |
| Net loss absorbed | $1.9M | $1.5M | $463K | +31% |
| Working capital & other | $4.8M | −$918K | $5.7M | — |
| Operating cash flow | $863K | $7.9M | −$7.1M | -89% |
| Free cash flow (OCF − capex) | $94K | $7.1M | −$7.0M | -99% |
| Capital expenditures | $769K | $825K | −$56K | -7% |
Questions
How much did Blend Labs's revenue grow quarter over quarter in Q3 2026?
Blend Labs's revenue fell $927K (-3%) from $33.8M in Q2 2026 to $32.9M in Q3 2026.
What drove Blend Labs's revenue change in Q3 2026?
Software platform −$811K (-3%); Professional services −$116K (-5%).