Blend Labs, Inc. (BLND) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.478 Hello, everyone. Thank you for joining us and welcome to BlendLab's first quarter 2026 00:00:05.478 -- 00:00:11.165 earnings call. After today's prepared remarks, we will hold a question and answer session. 00:00:11.165 -- 00:00:15.570 If you would like to ask a question, please press star one to raise your hand. 00:00:15.570 -- 00:00:18.013 To withdraw your question, press star one again. 00:00:18.013 -- 00:00:22.999 I would now like to hand the conference over to management for prepared remarks. 00:00:22.999 -- 00:00:25.380 Please go ahead. 00:00:25.816 -- 00:00:30.122 Good afternoon, and welcome to Blend's financial results conference call for the first 00:00:30.122 -- 00:00:35.028 quarter of 2026. I'm Meg Nunnally, Blend's head of investor relations. 00:00:35.028 -- 00:00:40.095 Joining me today is Nima Gamsari, our co-founder and head of Blend, and Jason Rehm, our 00:00:40.095 -- 00:00:42.539 head of finance and administration. 00:00:42.539 -- 00:00:47.545 Before we start today's call, I'd like to note that we refer to certain non-GAAP measures, 00:00:47.545 -- 00:00:51.631 which are reconciled to GAAP measures in today's earnings release and in the appendix 00:00:51.631 -- 00:00:54.048 of our supplemental slides. 00:00:54.048 -- 00:00:58.014 Non-GAAP measures are not intended to be a substitute for GAAP results. 00:00:58.014 -- 00:01:03.081 Unless otherwise stated, all financial measures we'll discuss today, including our profitability, 00:01:03.081 -- 00:01:05.345 refer to non-GAAP. 00:01:05.345 -- 00:01:09.151 Also, certain statements made during today's conference call regarding Blend and its 00:01:09.151 -- 00:01:14.238 operations, in particular our guidance for the second quarter of 2026, 00:01:14.238 -- 00:01:19.466 oth...