secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001855747-21-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574721000018/0001855747-21-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574721000018/blnd-20211110.htm
  HTML page:      https://secwatch.observer/filing/0001855747-21-000018

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