Blend Labs projects strong platform growth with Q4 revenue forecast of $31M-$32.5M, emphasizing AI and consumer banking initiatives.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
0mins
Source: SeekingAlpha
Management Insights: CEO Nima Ghamsari highlighted strong execution in Q3 2025, with total revenue of $32.9 million and non-GAAP operating income exceeding guidance, marking the fifth consecutive quarter of profitability. The Consumer Banking Suite showed growth, while the mortgage business faced revenue headwinds due to strategic transitions.
Financial Performance: The Consumer Banking Suite revenue rose 11% quarter-over-quarter, contributing to a non-GAAP gross profit of $25.6 million and a gross margin of 78%. However, mortgage revenue declined 18% year-over-year, attributed to customer churn and strategic shifts.
Outlook for Q4 2025: Blend Labs anticipates a slight decrease in total revenue for Q4, with mortgage suite revenue expected to remain flat or decline slightly. Non-GAAP operating income is projected to be between $2.5 million and $3.5 million, reflecting typical seasonal patterns.
Risks and Strategic Focus: Management acknowledged potential headwinds from customer churn, particularly with Mr. Cooper, and emphasized the importance of operational efficiency and high-margin partnerships. The company is focused on growing its Consumer Banking Suite and investing in AI-driven products for long-term growth.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BLND?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on BLND
Wall Street analysts forecast BLND stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BLND is 4.19 USD with a low forecast of 3.00 USD and a high forecast of 5.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 2.440
Low
3.00
Averages
4.19
High
5.25
Current: 2.440
Low
3.00
Averages
4.19
High
5.25
About BLND
Blend Labs, Inc. is a digital origination platform for banks, credit unions, and mortgage lenders. The Company has built a cloud-based software platform and suite of products for financial services firms. From mortgages to consumer loans to deposit accounts, the Company helps financial institutions streamline workflows and deliver customer experiences. The Company has technology, data, and service providers on its software platform, including access to an extensive marketplace of insurance carriers and settlement agencies. The Company's platform also includes Blend Builder, which gives its customers the ability to easily configure or build custom workflows from a pre-built set of components, all while leveraging existing infrastructure. Financial services firms can create custom solutions with Blend Builder, or choose from pre-built solutions for Mortgage and Consumer Banking, including Home Equity, Deposit Accounts, Credit Cards, Personal Lending, Auto Lending and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Microsoft's Stock Drop Weighs on S&P 500
- Microsoft's Performance Decline: Microsoft shares fell about 10% on Thursday, primarily due to high capital expenditures and underwhelming performance from its Azure cloud business, leading to concerns about future growth and dragging down the software sector, which fell approximately 7% that day.
- Apple's Earnings Reaction: Following its earnings report, Apple shares initially rose 4% but closed up only 1%, despite beating earnings and revenue estimates, indicating a cautious market sentiment towards tech stocks and investor concerns about future growth prospects.
- Strong Energy Stock Performance: ExxonMobil and Chevron both reached new highs, with respective gains of 20% and 10% over the past three months, driven by Brent crude futures rising above $70, fueled by market expectations of a potential U.S. military action against Iran.
- New CEOs in Retail Giants: Walmart and Target are set to welcome new CEOs, with Walmart shares up 5.4% in 2026 while Target is down 27% from its January 2025 peak, highlighting the mixed challenges and opportunities facing the retail sector.
Continue Reading
British Land Company Reports 882,000 Sq Ft Leasing in Q3 2025 Update
- Leasing Performance Boost: British Land completed 882,000 sq ft of leasing in the three months to December 31, 2025, exceeding expected rental value (ERV) by 8.5% and previous passing rent by 10.2%, indicating strong market performance.
- Sustained Leasing Momentum: CEO Simon Carter noted that the third quarter continued the leasing momentum from the first half, with strong occupational fundamentals in London campuses and retail parks driving deals and supporting the leasing of development projects.
- Stable Earnings Outlook: The company reiterated its expectation to deliver at least 28.5 pence in underlying earnings per share for fiscal 2026, with at least 6% growth anticipated for fiscal 2027, reflecting confidence in future performance.
- Positive Market Environment: Strong market demand and leasing activity suggest that British Land is well-positioned to adapt to the current economic landscape, effectively leveraging market opportunities to drive business growth.
Continue Reading