Blend Labs, Inc. (BLND) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

been placed in a listen-only mode. After the speaker's remarks, we will conduct a question-and-answer session. If you would like to join the queue to ask a question, simply press the star followed by the number 1 on your telephone keypad. It is now my pleasure to turn the call over to Meg Nunnally. You may begin. Good afternoon, and welcome to BLEND's financial results conference call for the third quarter of 2025. I'm Meg Nunnally, Blend's Head of Capital Relations. Joining me today is Neema Gamsari, our co-founder and head of Blend, and Jason Rehm, our Head of Finance and Administration. Before we start today's call, I'd like to note that 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 results we'll discuss today, including our profitability, refer to non-GAAP. Also, certain statements made during today's conference call regarding Bland and its operations, in particular, its guidance for the fourth quarter of 2025, commentary regarding 2026, and expectations about our markets, our strategic investments, product development plans, and operational targets may be considered forward-looking statements under federal securities law. 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, can cause actual results, events, or circumstances to differ materially from those described in these statements. Please see the risk factors we have identified in our most recent 10-K, 10-Q, and other SEC filings. We are not undertaking any commitment t...