Blend Labs, Inc. (BLND) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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BLND Revenue Growth
Revenue Breakdown (FY 2025)
BLND's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
BLND Revenue Analysis (2019–2025)
As of May 8, 2026, Blend Labs, Inc. (BLND) generated trailing twelve-month (TTM) revenue of $127.6 million, reflecting strong growth of +15.2% year-over-year. The most recent quarter (Q1 2026) recorded $30.8 million in revenue, down 4.7% sequentially.
Looking at the longer-term picture, BLND's 5-year compound annual growth rate (CAGR) stands at +5.2%, indicating steady revenue expansion. The company achieved its highest annual revenue of $235.2 million in 2022.
Revenue diversification analysis shows BLND's business is primarily driven by Software (93%), and Professional Services (7%). With over half of revenue concentrated in Software, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including UWMC, BETR, and PFSI. Compare BLND vs UWMC →
BLND Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BLNDCurrent | $128M | +15.2% | +5.2% | -17.0% | |
 UWMC | $3.2B | - | - | 58.0% | |
 BETR | $191M | - | - | -64.3% | |
 PFSI | $4.4B | - | - | 34.6% | |
 GHLD | $1.2B | - | - | 10.1% | |
 ICE | $12.6B | - | - | 38.7% |
BLND Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $123.5M | -23.8% | $91.1M | 73.8% | $-20,943,000 | -17.0% |
| 2024 | $162.0M | +3.3% | $90.5M | 55.9% | $-49,620,000 | -30.6% |
| 2023 | $156.8M | -33.3% | $81.1M | 51.7% | $-156,222,000 | -99.6% |
| 2022 | $235.2M | +0.3% | $89.7M | 38.1% | $-746,177,000 | -317.3% |
| 2021 | $234.5M | +144.2% | $116.0M | 49.5% | $-197,242,000 | -84.1% |
| 2020 | $96.0M | +89.5% | $61.7M | 64.3% | $-75,291,000 | -78.4% |
| 2019 | $50.7M | - | $31.1M | 61.4% | $-81,722,000 | -161.3% |
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Start ComparisonBLND — Frequently Asked Questions
Quick answers to the most common questions about buying BLND stock.
Is BLND's revenue growth accelerating or slowing?
BLND revenue is accelerating at +15.2% year-over-year, exceeding the 5-year CAGR of +5.2%. TTM revenue reached $128M. Growth momentum has increased versus prior periods.
What is BLND's long-term revenue growth rate?
Blend Labs, Inc.'s 5-year revenue CAGR of +5.2% reflects the sustained expansion pattern. Current YoY growth of +15.2% is above this long-term average.
How is BLND's revenue distributed by segment?
BLND reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.