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Stock impact report

Blend Announces Third Quarter 2025 Financial Results

Blend Labs, Inc. Class A (BLND) 
Company Research Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced its third quarter 2025 financial results.HighlightsResults Ahead of Guidance: Both total revenue and non-GAAP operating income for the third quarter were ahead of the mid-point of guidance.Non-GAAP Operating Profitability: Significant increase in non-GAAP operating income year-over-year.New Wins and Expansions: Added or expanded 14 customer relationships this quarter — with pipeline up approximately 60% year-over-year.Third quarter revenue was $32.9 million, a decrease of 1% compared to the third quarter of 2024. Software platform revenue was $30.5 million, down 2% year-over-year and Professional services revenue was $2.4 million, up 18% year-over-year. Total GAAP gross profit margin was 74% which was flat to the third quarter of 2024 and non-GAAP gross profit margin was 78%, up from 75% in the same period last year. GAAP operating loss was $ Show less Read more
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