Blend Labs, Inc. (BLND) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.457 Thank you for standing by. My name is Rebecca, and I will be your conference operator 00:00:04.457 -- 00:00:09.663 today. At this time, I would like to welcome everyone to the Blend Labs 00:00:09.663 -- 00:00:13.728 Incorporated first quarter 2025 earnings call. 00:00:13.728 -- 00:00:18.034 All lines have been placed on mute to prevent any background noise. 00:00:18.034 -- 00:00:21.839 After the speaker's remarks, there will be a question and answer session. 00:00:21.839 -- 00:00:26.424 If you would like to ask a question during this time, simply press star followed by the 00:00:26.424 -- 00:00:31.117 number one on your telephone keypad. If you would like to withdraw your question, press 00:00:31.117 -- 00:00:36.705 star 1 again. Thank you. I will now turn the call over to Amir Jafari, 00:00:36.705 -- 00:00:41.730 Head of Finance and Operations. Please go ahead. 00:00:43.055 -- 00:00:46.641 Good afternoon and welcome to Blinn's Financial Results Conference Call for the first 00:00:46.641 -- 00:00:49.185 quarter of 2025. I'm 00:00:49.185 -- 00:00:51.749 Amir Jafari, Head of Finance and Operations. 00:00:51.749 -- 00:00:56.377 Joining me today is Nima Khamsadi, Co-Founder and CEO of Blinn's. 00:00:56.377 -- 00:00:59.541 Before we start today's call, I'd like to note that some of the statements on our call 00:00:59.541 -- 00:01:04.827 will be forward-looking. We will also refer to certain non-GAAP measures, which are reconciled 00:01:04.827 -- 00:01:10.434 to GAAP results in today's earnings release and in the appendix to our supplemental slides. 00:01:10.434 -- 00:01:14.419 Non-GAAP measures are not intended to be a substitute for GAAP results. 00:01:14.419 -- 00:01:19.245 Unless otherwise stated, all financial measures we discuss to...