Blend Labs Inc. delivered a profitable first quarter and expanded its customer base while issuing a conservative outlook for the months ahead due to shifting macroeconomic conditions.

The company reported non-GAAP operating income of $4.1 million for the quarter ending in March, a significant improvement from $0.7 million during the same period last year, according to filings with the Securities and Exchange Commission (SEC). Its GAAP operating loss also narrowed to $5.1 million in Q1 2026, compared to a loss of $8 million in the same period last year.

CEO Nima Ghamsari told analysts on Thursday that the company “came details ⇒

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