Blend Labs, Inc. (BLND) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.415 Hello, everyone. Thank you for joining us and welcome to Blen's Financial Results Conference 00:00:05.415 -- 00:00:08.737 Call for the second quarter of 2026. 00:00:08.737 -- 00:00:13.660 After today's prepared remarks, we will host a question and answer session. 00:00:13.660 -- 00:00:18.624 If you would like to ask a question, please press star one to raise your hand. 00:00:18.624 -- 00:00:22.026 To withdraw your question, press star one again. 00:00:22.026 -- 00:00:26.769 I will now hand the conference over to management for their prepared remarks. 00:00:26.769 -- 00:00:29.410 Please go ahead. 00:00:31.000 -- 00:00:35.082 Good afternoon and welcome to Blend's financial results conference call for the second 00:00:35.082 -- 00:00:36.943 quarter of 2026. 00:00:36.943 -- 00:00:40.024 I'm Meg Nunnally, Blend's head of investor relations. 00:00:40.024 -- 00:00:44.726 Joining me today is Nima Ghamsari, our co-founder and head of Blend, and Jason Ream, 00:00:44.726 -- 00:00:47.387 our head of finance and administration. 00:00:47.387 -- 00:00:51.109 Before we start today's call, I'd like to note that we will refer to certain non-GAAP 00:00:51.109 -- 00:00:55.030 measures, which are reconciled to GAAP measures in today's earnings release and in the 00:00:55.030 -- 00:00:59.813 appendix of our supplemental slides. Non-GAAP measures are not intended to be a substitute 00:00:59.813 -- 00:01:04.977 for GAAP results. Unless otherwise stated, all financial measures we'll discuss today, 00:01:04.977 -- 00:01:08.559 including our profitability, refer to non-GAAP. 00:01:08.559 -- 00:01:12.381 Also, certain statements made during today's conference call regarding Blend and its 00:01:12.381 -- 00:01:17.724 operations, in particular, our guidance for...