Filing Flows › Blend Labs (BLND) › Q3 2026
Blend Labs (BLND) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Blend Labs (BLND) reported revenue of $32.9M for the third quarter 2026 (Q3 2026), +0.7% from a year earlier and -3% from the quarter before. Operating margin was -8.0%, net loss $1.9M (5.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.9M | -3% | +0.7% |
| Operating profit | −$2.6M | — | — |
| Net earnings | −$1.9M | — | -116% |
| Operating cash flow | $863K | -89% | — |
| Free cash flow | $94K | -99% | — |
What changed
Revenue was $32.9M in Q3 2026, up 1% year over year and down 3% from the previous quarter. Mortgage Suite was the largest line at 53% of revenue. Consumer Banking Suite added $586K year over year (up 5%), 273% of the total change. Mortgage Suite declined 2%.
Gross margin was 72.2%, down 2.1 points from Q3 2025. Operating costs exceeded revenue by $2.6M, an operating margin of -8.0%. Operating expenses fell 11% while revenue rose 1%. The quarter ended with a net loss of $1.9M, wider than the previous quarter's $1.5M loss. Non-operating items added $809K, -44% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $863K. Non-cash charges added back $1.6M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items used $4.8M. Capital expenditures of $769K left free cash flow of $94K.
Questions
What was Blend Labs' revenue in the third quarter 2026?
Blend Labs (BLND) reported revenue of $32.9M for the third quarter 2026 (Q3 2026), +0.7% from a year earlier and -3% from the quarter before.
Was Blend Labs profitable in the third quarter 2026?
Operating loss was $2.6M (-8.0% of revenue) and net loss $1.9M.
Source: Blend Labs 10-Q on SEC EDGAR.