Today, Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, announced its second quarter 2025 financial results. Blend also announced today that Jason Ream, an experienced strategic financial leader, will join as the Company’s Head of Finance and Administration by August 8, 2025.
Highlights on both are below, including links to today’s announcements.
You can also join the live earnings call today at 4:30 pm ET at the following webcast link: https://events.q4inc.com/attendee/726150902/guest
Blend Announces Finance Leadership Transition
Link to press release: https://www.businesswire.com/news/home/20250807100035/en/Blend-Announces-Finance-Leadership-Transition
- Today Blend announced that Jason Ream, an experienced strategic financial leader, will join as the Company’s Head of Finance and Administration by August 8, 2025.
- Jason Ream has over 25 years of experience as a financial and operating leader in technology and software. Jason previously served as the CFO of two public companies, SailPoint Technologies Inc. and SolarWinds Corporation, as well as two private companies, Mitratech Holdings Inc. and Relativity ODA LLC. Prior to joining Blend he was a Senior Managing Director at Haveli Investments.
- Amir Jafari, Head of Finance and Administration, will depart the Company as part of a mutually agreed transition. Mr. Jafari will stay on for a transition period to ensure continuity.
Blend Announces Q2 2025 Earnings Results
Link to press release: https://www.businesswire.com/news/home/20250807484800/en/Blend-Announces-Second-Quarter-2025-Financial-Results
- Continued Revenue Growth & Non-GAAP Profitability: Improved GAAP loss from operations to $4.6 million in the second quarter compared to $13.1 million in the same period last year. We reported both year-over-year revenue growth and non-GAAP operating profit for the fourth consecutive quarter.
- New Logos & Expansions: Sales momentum accelerated in the second quarter, with 23 new or expanded deals representing more than double the first quarter’s deal count. This figure includes three independent mortgage banks as new customers, reflecting continued success from our focus on this customer channel.
- Record RPO: Ended the second quarter with a record remaining performance obligations (RPO) balance of $190.4 million, which was fueled by the $50 million renewal and expansion we announced in May.
- Simplify Blend: Achieved another milestone in our strategy to simplify Blend with the announcement of the sale of Title365 to Covius, a move that is expected to transition Blend’s title services to a higher-margin partnership model.