Shares of Blend Labs, Inc. (BLND) tumbled 7.60% in after-hours trading on Thursday following the release of its second-quarter 2025 earnings report. The digital lending technology company disappointed investors by missing both earnings per share (EPS) and revenue estimates for the quarter.
According to the earnings release, Blend Labs reported an adjusted EPS of $0.00, falling short of the $0.02 estimate analysts had projected. The company's sales for the quarter came in at $31.523 million, also missing the expected $31.930 million. This double miss on both the top and bottom lines likely triggered the significant sell-off in the stock during extended trading hours.
The earnings disappointment raises concerns about Blend Labs' growth trajectory and profitability in the competitive fintech sector. Investors and analysts will likely be closely watching for any guidance or commentary from the company's management regarding future prospects and strategies to improve performance in the coming quarters. As the market digests this information, Blend Labs may face increased scrutiny and potential volatility in the near term.
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