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How Blend Labs (BLND) makes money

Blend Labs (BLND) made $32.9M of revenue in the third quarter 2026 (Q3 2026), +0.7% from a year earlier. Software platform brought in $30.6M (93%); Professional services brought in $2.3M (7%).

Drawing the Sankey…

Blend Labs revenue by segment, Q3 2026Blend Labs revenue by segment, Q3 2026Software platform$30.6MProfessional services$2.3M
Blend Labs: revenue by line, Q1 2025 to Q3 2026Blend Labs: revenue by line, Q1 2025 to Q3 2026Software platformProfessional servicesSoftware platform: $30.6M latest$30.6MProfessional services: $2.3M latestQ1 2025Q2 2025Q1 2026Q2 2026Q3 2026
Software platform went from 91% of revenue in Q1 2025 to 93% in Q3 2026, the largest shift in the mix.
Blend Labs revenue by quarterBlend Labs revenue by quarter$26.8MQ1 2025$31.6MQ2 2025$32.7MQ3 2025$31.6MQ4 2025$30.8MQ1 2026$33.8MQ2 2026$32.9MQ3 2026
Blend Labs: where each dollar of revenue goesBlend Labs: where each dollar of revenue goesIncome tax0¢Operating cash flow3¢Free cash flow0¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Software platform$30.6M93.0%-3%+0.8%
  ↳ Mortgage Suite$17.4M52.9%-10%-2%
  ↳ Consumer Banking Suite$13.2M40.1%+8%+5%
Professional services$2.3M7.0%-5%-0.7%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$32.9M100.0%
Income tax$109K0.3%
Operating cash flow$863K2.6%
Free cash flow$94K0.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$32.9M+0.7%
Q2 2026$33.8M+7%
Q1 2026$30.8M+15%
Q4 2025$31.6M+5%
Q3 2025$32.7M-1%
Q2 2025$31.6M+10%
Q1 2025$26.8M+13%

From Blend Labs' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Blend Labs make money?

Blend Labs (BLND) made $32.9M of revenue in the third quarter 2026 (Q3 2026), +0.7% from a year earlier. Software platform brought in $30.6M (93%); Professional services brought in $2.3M (7%).

What is Blend Labs' biggest business?

Software platform: $30.6M in the third quarter 2026, 93% of revenue, +0.8% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.