Q1 2025 Blend Labs Inc Earnings Call Transcript

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May 09, 2025

May 08, 2025 / 08:30PM GMT
Operator

Thank you for standing by. My name is Rebecca and I will be your conference operator today. At this time, I would like to welcome everyone to the Blend Labs Incorporated first-quarter 2025 earnings call. (Operator Instructions)

Thank you. I will now turn the call over to Amir Jafari, Head of Finance and Administration. Please go ahead.

Amir Jafari - Blend Labs Inc - Head of Finance and Administration

Good afternoon and welcome to Blend's financial results conference call for the first quarter of 2025. I'm Amir Jafari, Head of Finance and Operations. Joining me today is Nima Ghamsari, co-Founder and CEO of Blend.

Before we start today's call, I'd like to note that some of the statements on our call will be forward-looking. We will also refer to certain non-GAAP measures, which are reconciled to GAAP results 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 discussed today, including our

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