Blend Labs Q3 Revenue Rises 1% to $32.9M; Operating Loss Narrows
Blend Labs reported Q3 2026 revenue of $32.9 million, up 1% year over year. GAAP operating loss narrowed to $2.6 million from $5.3 million, while gross margin fell to 72% from 74%.
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09:24:30 PM UTC
SquawkNews
Blend’s revenue edged up 1% year over year, while its common-stockholder loss widened from income a year earlier. Consumer Banking Suite deployments and lower operating expenses partly offset weaker Mortgage Suite revenue, higher cost of revenue and the absence of a large prior-year investment gain…
Blend Labs reported Q3 2026 revenue of $32.9M, up 1% year over year. GAAP operating loss narrowed to $2.6M from $5.3M; gross margin fell to 72% from 74%.Material DetailsContext by AI AnalystThe results show modest revenue growth and improving operating losses, while gross margins declined. The rele…