earnings
confidence high
sentiment negative
materiality 0.70
Blend Q4 revenue $81M; FY2022 guidance implies 35% mortgage volume decline
Blend Labs, Inc.
2022-Q1 EPS reported
-$0.32
revenue$71,524,000
- FY2021 total revenue $234.5M (pro forma $363.6M); Blend Platform revenue up 41% YoY to $135.6M.
- Q4 Blend Platform revenue $36.5M (+19% YoY); Title365 revenue $44.4M.
- Mortgage banking market share rose to ~15% at year-end 2021 from 10% a year earlier.
- FY2022 consolidated revenue guidance $230-250M; expects 35% industry-wide mortgage volume drop.
- Q1 2022 revenue guidance $63-66M; Consumer Banking & Marketplace revenue expected to grow >100%.