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

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Blend Labs Inc. Second Quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question this time, simply press star followed by the number one on your telephone keypad. And if you would like to withdraw your question, press star one again. I would now like to turn the call over to Meg Donnelly, Head of Investor Relations. Please go ahead. Good afternoon, and welcome to Blen's financial results conference call for the second quarter of 2025. I'm Meg Nettley, Blen's head of investor relations. Joining me today is Nina Gamsari, our co-founder and CEO, and Amir Jafari, our head of finance and administration. Before we start today's call, I'd like to note some of the statements on our call will be forward-looking. We also refer to certain non-GAAP measures which are reconciled to GAAP measures in today's earnings release and in the appendix to our supplemental slides. Non-GAAP measures are not intended to be a substitute for GAAP results. Unless otherwise stated, all financial measures we'll discuss today, including our profitability, refer to non-GAAP. Also, certain statements made during today's conference call regarding Blend and its operations in particular, its guidance for the third quarter, and full year 2025, and expectations about our markets, our strategic investments, product development plans, and operational targets may be considered forward-looking statements under the federal securities laws. The company cautions you that forward-looking statements involve substantial risks and uncertainties and a number of factors, many of which are beyond the company's control, could caus...