Blend Labs forecasts Q4 revenue of $27.7 million to $29.7 million
BLND•Blend Labs forecast fourth-quarter 2026 revenue of $27.7 million to $29.7 million, down 8% to 15% year over year, and non-GAAP operating income of $2.3 million to $3.3 million. It reported third-quarter revenue of $32.9 million and non-GAAP operating income of $4.9 million.
1. Fourth-quarter outlook
Blend Labs forecast fourth-quarter 2026 revenue of $27.7 million to $29.7 million, down 8% to 15% year over year, and non-GAAP operating income of $2.3 million to $3.3 million. Mortgage suite revenue is expected to decline 23% to 28%, while consumer banking suite revenue is forecast to grow 2% to 10%. The outlook assumes a market of 847,000 to 910,000 units, down 28% to 33% year over year.
2. Third-quarter results
Third-quarter revenue totaled $32.9 million, up 1% year over year, and non-GAAP operating income reached $4.9 million.
