Blend Q2 revenue $32.1M (+46% YoY) but operating loss widens to $39.6M

Blend Labs, Inc.

2021-Q2 EPS reported -$0.44 revenue$63,937,000

Revenue $32.1M, up 46% YoY; total banking transaction volume over 520,000 (+51% YoY).
GAAP loss from operations $39.6M vs $20.8M; non-GAAP loss from operations $26.3M.
Acquisition of Title365 closed; guidance FY2021 revenue $226-$232M, pro forma $365-$371M.
Customer additions include Mr. Cooper, KeyBank, Bilt Technologies, BECU.
31 of top 100 U.S. financial firms served by assets, up from 28 at end of 2020.

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