Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced its second quarter 2025 financial results. 'We started 2025 ready to execute by leveraging our strength as a platform company, and our solid execution is reflected in our second quarter results,' said Blend's Co-founder & CEO Nima Ghamsari. 'Blend's sales momentum accelerated in the second quarter, with 23 new or expanded deals, which is double the first quarter result. This growth was driven by a healthy mix of new customer acquisitions and deep product expansions, reinforcing Blend's position as a long-term, multi-product platform partner. With our simplified, platform focus, we're staying ready to capitalize when volumes recover.' Recent Highlights: Continued Revenue Growth & Non-GAAP Profitability: Improved GAAP loss from operations to $4.6 million in the second quarter compared to $13.1 million in the same period last year. We reported both year-over-year revenue growth and non-GAAP operating profit for the fourth consecutive quarter. New Logos & Expansions: Sales momentum accelerated in the second quarter, with 23 new or expanded deals representing more than double the first quarter's deal count. This figure includes three independent mortgage banks as new customers, reflecting continued success from our focus on this customer channel. Record RPO: Ended the second quarter with a record remaining performance obligations (RPO) balance of $190.4 million, which was fueled by the $50 million renewal and expansion we announced in May. Simplify Blend: Achieved another milestone in our strategy to simplify Blend with the announcement of the sale of Title365 to Covius, a move that is expected to transition Blend's title services to a higher-margin partnership model.

Blend Announces Second Quarter 2025 Financial Results

Blend Labs, a digital banking platform, reported improved financial results for Q2 2025, including non-GAAP profitability, revenue growth, and a record RPO balance. The company also announced the sale of Title365 to Covius as part of its strategy to simplify operations.