This article first appeared on GuruFocus.

Blend Labs Inc (NYSE:BLND) is set to release its Q3 2025 earnings on Nov 6, 2025. The consensus estimate for Q3 2025 revenue is $32.80 million, and the earnings are expected to come in at -$0.03 per share. The full year 2025's revenue is expected to be $124.69 million and the earnings are expected to be -$0.12 per share. More detailed estimate data can be found on the Forecast page.

Warning! GuruFocus has detected 4 Warning Signs with BLND.

Is BLND fairly valued? Test your thesis with our free DCF calculator.

Revenue estimates for Blend Labs Inc (NYSE:BLND) have declined from $132.00 million to $124.69 million for the full year 2025 and from $169.71 million to $158.68 million for 2026 over the past 90 days. Earnings estimates have decreased from -$0.07 per share to -$0.12 per share for the full year 2025 and from $0.03 per share to -$0.05 per share for 2026 over the same period.

In the previous quarter of 2025-06-30, Blend Labs Inc's (NYSE:BLND) actual revenue was $31.52 million, which missed analysts' revenue expectations of $31.93 million by -1.27%. Blend Labs Inc's (NYSE:BLND) actual earnings were -$0.04 per share, which missed analysts' earnings expectations of -$0.01 per share by -300%. After releasing the results, Blend Labs Inc (NYSE:BLND) was down by -23.53% in one day.

Based on the one-year price targets offered by 6 analysts, the average target price for Blend Labs Inc (NYSE:BLND) is $4.85, with a high estimate of $7.00 and a low estimate of $3.50. The average target implies an upside of 53% from the current price of $3.17.

Based on GuruFocus estimates, the estimated GF Value for Blend Labs Inc (NYSE:BLND) in one year is $2.27, suggesting a downside of -28.39% from the current price of $3.17.

Based on the consensus recommendation from 7 brokerage firms, Blend Labs Inc's (NYSE:BLND) average brokerage recommendation is currently 2.1, indicating an \\"Outperform\\" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.