Blend Labs Q3 platform revenue $35.1M (+26% YoY); raises FY2021 revenue guidance midpoint by $13M

Blend Labs, Inc.

2021-Q3 EPS reported -$0.99 revenue$153,505,000

Total revenue $89.6M net; Blend Platform segment revenue $35.1M (+26% YoY); Title365 segment revenue $54.5M net.
GAAP loss from operations $70.5M (due to IPO-related stock-based comp); non-GAAP loss from operations $21.1M.
Full year 2021 revenue guidance raised: net revenue now $229-239M (previous $218-224M); midpoint +$13M.
IPO lock-up expires Nov 16, 2021; shares become eligible for public sale, subject to affiliate limits.
Cash and marketable securities $593.6M; total debt $225M; revolving credit facility $25M available.

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