Blend Labs Inc (NYSE:BLND) reported mixed results for the fourth quarter on Tuesday.
The company posted quarterly earnings of $0.00 per share which missed the analyst consensus estimate of $0.01 per share. The company reported quarterly sales of $32.368 million which beat the analyst consensus estimate of $31.778 million.
Blend Labs said it sees first-quarter sales of $28.500 million-$30.000 million, versus market estimates of $31.482 million.
“I am pleased to report that Blend finished fiscal year 2025 with a strong fourth quarter, coming in near the high end of our revenue guidance and beating the high end of our non-GAAP operating income guidance,” said Nima Ghamsari, Co-founder and Head of Blend. “What excites me most going into 2026 is not just our growing roster of customers — it’s what we’re now able to offer them. Blend Autopilot, our new AI agent, is already live with large customers and is attacking the $11,000 cost-to-originate head-on. We have built a profitable, scalable platform, and now we have the tools to fundamentally rewire how our customers operate.”
Blend Labs shares gained 9.5% to trade at $1.78 on Wednesday.
These analysts made changes to their price targets on Blend Labs following earnings announcement.
- Citizens analyst Aaron Kimson maintained Blend Labs with a Market Outperform and lowered the price target from $7 to $5.
- Wells Fargo analyst Michael Turrin maintained the stock with an Overweight rating and cut the price target from $5 to $4.
Considering buying BLND stock? Here’s what analysts think:
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