Filing Flows › Blend Labs (BLND) › Q3 2026 › vs Q3 2025
Blend Labs (BLND) Q3 2026 vs Q3 2025 (year over year)
Blend Labs's revenue rose $215K (+0.7%) from $32.7M in Q3 2025 to $32.9M in Q3 2026. The biggest changes: Software platform +$231K (+0.8%); Professional services −$16K (-0.7%).
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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.3% | -17.6% | +17.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Mortgage Suite | $17.4M | $17.8M | −$355K | -2% |
| Consumer Banking Suite | $13.2M | $12.6M | $586K | +5% |
| Software platform | $30.6M | $30.4M | $231K | +0.8% |
| Professional services | $2.3M | $2.3M | −$16K | -0.7% |
| Revenue | $32.9M | $32.7M | $215K | +0.7% |
| Other income, net | $809K | $17.5M | −$16.7M | -95% |
| Net loss | $1.9M | −$12.1M | $14.0M | — |
| Costs & expenses | $35.7M | $50.2M | −$14.5M | -29% |
| Operating costs | $35.6M | $38.0M | −$2.5M | -7% |
| Income tax | $109K | $27K | $82K | +304% |
| Cost of revenue | $9.2M | $8.4M | $735K | +9% |
| Research & development | $8.4M | $8.7M | −$282K | -3% |
| Sales & marketing | $8.2M | $7.9M | $323K | +4% |
| General & admin | $9.8M | $13.0M | −$3.2M | -24% |
| Operating cash sources | $7.6M | $8.8M | −$1.2M | -14% |
| Depreciation & amortization | $1.6M | $1.0M | $525K | +50% |
| Share-based compensation | $6.0M | $7.8M | −$1.8M | -23% |
| Net loss absorbed | $1.9M | −$12.1M | $14.0M | — |
| Working capital & other | $4.8M | $24.6M | −$19.8M | -81% |
| Operating cash flow | $863K | −$3.6M | $4.5M | — |
| Free cash flow (OCF − capex) | $94K | −$5.8M | $5.9M | — |
| Capital expenditures | $769K | $2.1M | −$1.4M | -64% |
Questions
How much did Blend Labs's revenue grow year over year in Q3 2026?
Blend Labs's revenue rose $215K (+0.7%) from $32.7M in Q3 2025 to $32.9M in Q3 2026.
What drove Blend Labs's revenue change in Q3 2026?
Software platform +$231K (+0.8%); Professional services −$16K (-0.7%).