secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2021-08-19T23:59:59+00:00
Accession:  0001855747-21-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574721000004/0001855747-21-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574721000004/q22021_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001855747-21-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer