Blend Labs (BLND) Boosts Business with 23 New Deals in Q2

Blend Labs, Inc. (NYSE:BLND) is one of the 14 Best Technology Penny Stocks to Buy According to Analysts. On August 7, Blend Labs, Inc. (NYSE:BLND) shared its second quarter 2025 financial results and reported that it reached a record high for its remaining performance obligations (RPO), with a balance of $190.4 million at the end of the quarter.

The company saw strong sales growth in the second quarter. Blend Labs, Inc. (NYSE:BLND) secured 23 new and expanded deals, which is twice as many as in the first quarter.

This growth came from both gaining new customers and deep product expansions with existing customers. Out of these 23 deals, 3 included new independent mortgage banks. This shows that Blend Labs, Inc.’s (NYSE:BLND) focus on this customer channel is starting to pay off.

Blend Labs, Inc. (NYSE:BLND) offers digital banking solutions through its cloud origination platform for banks, credit unions, and mortgage lenders.

While we acknowledge the potential of BLND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 14 Best Aggressive Growth Stocks to Buy According to Analysts.

Disclosure: None. This article is originally published at Insider Monkey.