v3.26.1
Revenue Recognition and Contract Costs
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition and Contract Costs Revenue Recognition and Contract Costs
Disaggregation of Revenue
The following table provides information about disaggregated revenue by service offering:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In thousands)(In thousands)
Blend Platform:
Mortgage Suite$19,240 $17,987 $36,472 $32,645 
Consumer Banking Suite12,164 11,478 22,925 21,122 
Total software platform31,404 29,465 59,397 53,767 
Professional services2,433 2,164 5,283 4,707 
Total revenue$33,837 $31,629 $64,680 $58,474 
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers:

Contract Accounts
Balance Sheet Line Reference
June 30, 2026December 31, 2025
(In thousands)
Contract assets—currentPrepaid expenses and other current assets$4,155 $5,266 
Contract liabilities—currentDeferred revenue, current$(31,483)$(19,385)
There were no long-term contract assets or deferred revenue as of June 30, 2026 and December 31, 2025.

During the three months ended June 30, 2026 and 2025, the Company recognized $13.4 million and $11.3 million, respectively, of revenue that was included in the deferred revenue balance at the beginning of each respective period. During the six months ended June 30, 2026 and 2025, the Company recognized $11.5 million and $11.1 million, respectively, of revenue that was included in the deferred revenue balance at the beginning of the respective periods.

During the three and six months ended June 30, 2026, the Company recognized revenue of approximately $0.3 million and $0.8 million, respectively, related to performance obligations satisfied in previous periods. During the three and six months ended June 30, 2025, the Company recognized revenue of approximately $(0.3) million and $0.6 million, respectively, related to performance obligations satisfied in previous periods. The revenue recognized from performance obligations satisfied in the prior periods primarily related to changes in the transaction price, including changes in the estimate of variable consideration.
Remaining Performance Obligations
As of June 30, 2026, the aggregate amount of the transaction price allocated to the remaining performance obligations was $168.5 million. These remaining performance obligations represent commitments in customer contracts for services expected to be provided in the future that have not been recognized as revenue. The expected timing of revenue recognition for these commitments is largely driven by the Company’s ability to deliver in accordance with relevant contract terms and when the Company’s customers utilize services, which could affect the Company’s estimate of when the Company expects to recognize revenue for these remaining performance obligations. The Company expects to recognize slightly more than half of the remaining performance obligations as revenue over the next 12 months, and the remainder within the following 13 to 24 months.
Deferred Contract Costs
As of June 30, 2026 and December 31, 2025, total unamortized deferred contract costs were $5.0 million and $5.2 million, respectively, of which $1.8 million was recorded within prepaid expenses and other current assets for each period and $3.2 million and $3.4 million was recorded within deferred contract costs, non-current, on the unaudited condensed consolidated balance sheets for each period, respectively.
The amortization of deferred contract costs was $0.3 million and $0.4 million for the three months ended June 30, 2026 and 2025, respectively, and $0.8 million and $0.7 million for the six months ended June 30, 2026 and 2025, respectively, and is included in sales and marketing expense in the accompanying unaudited condensed consolidated statements of operations and comprehensive income (loss).