secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001855747-22-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blend Q4 revenue $81M; FY2022 guidance implies 35% mortgage volume decline
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574722000011/0001855747-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574722000011/blnd-20220331.htm
  HTML page:      https://secwatch.observer/filing/0001855747-22-000011

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