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Blend Labs posts higher Q2 revenue as software platform expands
Second-quarter revenue rose to $33.8 million, and the company narrowed its GAAP operating loss to $1.6 million on software growth and early Autopilot pull-through gains.
Blend Labs reported stronger second-quarter results, helped by growth in its software platform business as the digital mortgage technology provider expanded customer relationships and launched its AI-powered Autopilot product, according to HousingWire.
Revenue totaled $33.8 million, up 7% year over year and above its Q1 2026 figure of $30.8 million. Software platform revenue increased 7% to $31.4 million, while professional services revenue rose to $2.4 million, up from $2.2 million.
The company reported a GAAP operating loss of $1.6 million, improving from a $4.8 million loss in the second quarter of 2025. Non-GAAP operating income increased to $7 million from $4.6 million a year earlier, and non-GAAP gross margin rose to 78% from 76%.
Blend ended the quarter with $44.9 million in cash, cash equivalents and marketable securities, with no debt. Management cited early Autopilot results showing 10% to 15% better pull through and faster cycle times of two to four days.