---
schema_version: "secwatch.filing_event.v1"
accession: "0001855747-22-000067"
form_type: "8-K"
ticker: "BLND"
cik: "0001855747"
company_name: "Blend Labs, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T23:57:13.017932+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Blend Labs reports Q3 2022 revenue $55.4M, GAAP loss $129.9M; third layoff of 2022 cuts 100 jobs (6.4% workforce)

## Summary
- Q3 revenue $55.4M; Blend Platform $36.1M (+3% YoY), Title365 $19.3M (-65% YoY).
- GAAP loss from operations $129.9M including $57.9M non-cash impairment of Title365 intangible assets/goodwill.
- Third workforce reduction in 2022 eliminates ~100 positions (~6.4% of workforce); estimated $2.8M charges.
- Non-GAAP loss from operations $37.1M vs $21.1M in prior year.
- FY 2022 revenue guidance narrowed to $235-240M, reflecting 56% decline in mortgage volume.

## SEC filing metadata
- accession: 0001855747-22-000067
- form_type: 8-K
- ticker: BLND
- cik: 0001855747
- company_name: Blend Labs, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855747/000185574722000067/0001855747-22-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855747/000185574722000067/blnd-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855747-22-000067
- JSON: https://secwatch.observer/filing/0001855747-22-000067.json
- Plain text: https://secwatch.observer/filing/0001855747-22-000067.txt

## Key facts
- Earnings Releases
  Blend Labs, Inc. reported the fiscal quarter ended September 30, 2022 results: revenue $55.4 million. Guidance lowered.
  - Period: the fiscal quarter ended September 30, 2022
  - Revenue: $55.4 million
  - Guidance: lowered
  - Result: reported results
  source text: Blend Announces Third Quarter 2022 Financial Results Total revenue of $55.4 million led by Platform revenue resilience, offset by lower Title365 revenue
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855747/000185574722000067/0001855747-22-000067-index.htm
- Restructurings & Charges
  Blend Labs, Inc. announced a restructuring with charges of approximately $2.8 million affecting title operations (approximately 100 positions across the Company, or approximately 6.4% of the Company’s current workforce).
  - Type: restructuring
  - Charge: approximately $2.8 million
  - Affected area: title operations
  - Headcount: approximately 100 positions across the Company, or approximately 6.4% of the Company’s current workforce
  source text: On November 9, 2022, the Company committed to a third workforce reduction plan (the “November Plan”) in addition to the workforce reduction plans disclosed on April 18, 2022 and August 15, 2022. The focus of the November Plan is on further streamlining the Company’s title operations in alignment with changing market conditions. The November Plan includes the elimination of approximately 100 positions across the Company, or approximately 6.4% of the Company’s current workforce. The Company estimates that it will incur approximately $2.8 million in charges in connection with the November Plan, consisting of cash expenditures for severance payments, employee benefits, payroll taxes and related facilitation costs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855747/000185574722000067/0001855747-22-000067-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.