Welcome to our dedicated page for Blend Labs SEC filings (Ticker: BLND), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Blend Labs, Inc. filings document the company’s digital banking origination business, operating results, governance, capital actions, and material corporate events. Form 8-K reports cover quarterly and annual financial results, supplemental Regulation FD materials, product and service disclosures, officer-transition matters, and board-authorized repurchases of Class A common stock.
Blend’s proxy materials describe annual meeting matters, board elections, executive compensation, stockholder voting procedures, and related governance disclosures. Recent filings also document completed corporate actions, including the sale of substantially all assets and liabilities of Title365 Company, Blend’s former title insurance business.
Blend Labs, Inc. received an updated ownership report as several Haveli-affiliated entities and Brian N. Sheth filed Amendment No. 3 to their Schedule 13D. They report beneficial ownership of about 60.5 million shares or rights to shares of Class A common stock, representing roughly 21% of the class.
The position consists of 46,153,845 shares issuable upon conversion of 150,000 shares of Series A Convertible Preferred Stock and 14,326,205 outstanding Class A shares, including 130,000 shares held in a family trust associated with Mr. Sheth. The amendment also notes that a warrant to acquire 11,111,112 Class A shares held by Haveli Brooks Aggregator, L.P. expired on April 29, 2026, and states that, aside from the transactions described, no reporting person has traded Blend Labs Class A stock in the past 60 days.
Blend Labs, Inc. reported that investment entities associated with Haveli Investments made substantial open-market purchases of Class A common stock. Across three days, Haveli Brooks Aggregator, L.P. acquired a total of 1,951,635 shares at weighted average prices between about $1.41 and $1.44 per share. Following these transactions, indirect holdings reported for these entities include 12,800,508 shares, 11,503,584 shares and 11,244,788 shares on different lines, plus 130,000 shares held through a family trust. Several related Haveli entities and Brian N. Sheth may be deemed to share voting and dispositive power and each disclaims beneficial ownership beyond their pecuniary interest.
Blend Labs, Inc. executive Matthew Christopher Thomson, Head of Revenue, reported an initial holding of Restricted Stock Units representing 1,600,000 shares of Class A Common Stock. Each RSU represents a contingent right to receive one share.
The RSUs vest in equal quarterly increments over a four-year period, conditioned on Thomson continuing to be a Service Provider through each vesting date.
Blend Labs, Inc. reports higher Q1 2026 revenue but continues to post losses as it reshapes its business. Revenue from continuing operations rose to $30.8 million from $26.8 million a year earlier, driven by software platform revenue of $28.0 million and professional services of $2.9 million.
The company recorded a loss from continuing operations of $5.5 million and a net loss of $8.0 million, both improved versus Q1 2025. Discontinued title operations added a $2.6 million loss, including a $2.5 million loss on the March 1, 2026 sale of title assets.
Blend ended March 31, 2026 with $37.4 million in cash and cash equivalents and $21.6 million in marketable securities, while operating activities from continuing operations generated $8.5 million of cash. A substantial share repurchase of 10.0 million Class A shares for $16.6 million helped reduce common shares outstanding, but stockholders’ equity stood at a negative $55.9 million, alongside $164.2 million of Series A redeemable convertible preferred stock classified in mezzanine equity.
Blend Labs reported stronger first quarter 2026 results with revenue and profitability ahead of guidance. Total revenue was $30.8 million, up 15% from $26.8 million a year earlier, driven by 15% growth in software platform revenue to $28.0 million and 12% growth in professional services.
GAAP gross margin improved to 76% from 71%, while non-GAAP gross margin rose to 80% from 73%. GAAP operating loss narrowed to $5.1 million, and non-GAAP operating income increased to $4.1 million, or a 13% non-GAAP operating margin, compared with $0.7 million and 3% a year ago.
Net loss attributable to common stockholders was $12.8 million, or $0.05 per share, better than $0.06 per share last year. Blend repurchased 11.2 million shares for $18.6 million, with $31.4 million remaining under its authorization, and guided second quarter 2026 revenue to $32–$34 million and non-GAAP operating income to $5–$6 million.
Blend Labs, Inc. is holding its 2026 annual shareholder meeting virtually on June 17, 2026 at 11:00 a.m. Pacific time. Stockholders will vote to elect seven directors for one-year terms and to ratify PricewaterhouseCoopers LLP as independent auditor for the year ending December 31, 2026.
The company has a dual-class structure with 239,221,791 Class A shares (one vote each) and 3,256,385 Class B shares (40 votes each) outstanding as of April 20, 2026, making it a NYSE “controlled company” led by co‑founder and Head of Blend Nima Ghamsari. The proxy describes board independence, committee responsibilities, insider trading and hedging policies, and director pay in cash retainers and RSU grants. It also outlines 2025 executive compensation, including salary, cash bonuses tied to revenue and non‑GAAP operating income, and significant RSU and performance‑based RSU awards for senior leadership.
Blend Labs Inc filed an amended Schedule 13G reporting that The Vanguard Group beneficially owns 0 shares of Blend Labs common stock, representing 0% of the class.
The filing notes an internal realignment of Vanguard subsidiaries effective 01/12/2026 and states certain subsidiaries will report ownership separately going forward. The form is signed by Vanguard's Head of Global Fund Administration on 03/26/2026.
Blend Labs, Inc. provides a cloud-based platform that helps banks, credit unions, and other lenders digitize loan and deposit origination using data, integrations, and AI-driven workflow tools. After exiting its title business in early 2025, Blend now reports a single operating segment centered on its Blend Platform.
In 2025, the platform supported nearly $1.3 trillion in loan applications across mortgages, home equity, vehicle, personal loans, credit cards, and deposit accounts. Revenue is largely success-based, tied to completed transactions such as funded loans and new accounts, plus fixed-fee and partner-sharing arrangements.
The company highlights strong ecosystem and customer relationships but notes significant risks: heavy dependence on the financial services and mortgage industries, sensitivity to interest rates and technology spending, high revenue concentration (top five customers generated 39% of 2025 revenue; 25 customers over $1 million each contributed 75%), a history of net losses with an accumulated deficit of $1,391.8 million as of December 31, 2025, regulatory and data-privacy exposure, prior material weaknesses in internal controls, and governance risks from its multi-class and Series A preferred stock structures.
Blend Labs reported preliminary fourth quarter and full year 2025 results showing steady growth and a sharp improvement in profitability. Fourth quarter revenue reached $32.4 million, up 7% year over year, with software platform revenue of $30.3 million, up 10%. Non-GAAP operating income for the quarter rose to $5.4 million, while GAAP operating loss was $3.6 million.
For full year 2025, revenue was $123.5 million, up 7%. GAAP operating loss improved to $21.8 million from $48.8 million, and non-GAAP operating income swung to a $15.1 million profit from a $12.8 million loss. Non-GAAP diluted net income from continuing operations per share was $0.01 versus a $0.10 loss in 2024.
The board authorized a new share repurchase program for up to $50 million of Class A common stock, following fourth quarter repurchases of 5.1 million shares for more than $15 million and $25 million for the year. First quarter 2026 guidance calls for revenue of $28–$30 million and non-GAAP operating income of $2–$3 million.