Blend Labs, Inc. (BLND) Q2 2025 Earnings Call

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WEBVTT 00:00:01.229 -- 00:00:04.092 Thank you for standing by and welcome to the Blend Labs Inc. 00:00:04.092 -- 00:00:08.596 Second Quarter 2025 earnings call. All lines have been placed on mute to prevent any 00:00:08.596 -- 00:00:13.321 background noise. After the speaker's remarks, there will be a question and answer session. 00:00:13.321 -- 00:00:16.324 If you would like to ask a question this time, simply press star followed by the number 00:00:16.324 -- 00:00:20.468 one on your telephone keypad. And if you would like to withdraw your question, press 00:00:20.468 -- 00:00:25.153 star one again. I would now like to turn the call over to Meg Donnelly, Head of Investor 00:00:25.153 -- 00:00:28.274 Relations. Please go ahead. 00:00:29.461 -- 00:00:34.107 Good afternoon, and welcome to Blen's financial results conference call for the second 00:00:34.107 -- 00:00:39.715 quarter of 2025. I'm Meg Nettley, Blen's head of investor relations. 00:00:39.715 -- 00:00:44.821 Joining me today is Nina Gamsari, our co-founder and CEO, and Amir 00:00:44.821 -- 00:00:48.664 Jafari, our head of finance and administration. 00:00:48.746 -- 00:00:52.892 Before we start today's call, I'd like to note some of the statements on our call will 00:00:52.892 -- 00:00:57.989 be forward-looking. We also refer to certain non-GAAP measures which are reconciled to 00:00:57.989 -- 00:01:03.275 GAAP measures in today's earnings release and in the appendix to our supplemental slides. 00:01:03.275 -- 00:01:07.840 Non-GAAP measures are not intended to be a substitute for GAAP results. 00:01:07.840 -- 00:01:13.045 Unless otherwise stated, all financial measures we'll discuss today, including 00:01:13.045 -- 00:01:18.131 our profitability, refer to non-GAAP. Also, certain statements made during today's ...