Blend reports stronger Q2 results on software growth

Blend Labs on Thursday reported higher second-quarter revenue and a narrower operating loss, driven by growth in its software platform business as the digital mortgage technology provider expanded customer relationships and rolled out its new AI-powered Autopilot product. The San Francisco-based company posted second-quarter revenue of $33.8 million, up 7% from a year earlier and higher than 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. Blend 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, while the company’s non-GAAP gross margin improved to 78% from 76%. It ended the quarter with $44.9 million in cash, cash equivalents and marketable securities with no debt. “We delivered the quarter we aimed for — revenue near the high end, profitability above the high end and a strategic return of capital through our share buyback,” said Jason Ream, Blend’s head of finance and administration. Autopilot, Blend 3.0 impacts ...