secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001855747-23-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blend Labs Q4 revenue $42.8M, FY2022 rev $235.2M; President resigns; guides Q1 rev $33-35M
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- Q4 GAAP loss from operations $75.2M; non-GAAP loss $43.1M; FY2022 GAAP loss $746.2M.
- Blend Platform segment Q4 rev $29.5M (-19% YoY); Consumer Banking & Marketplace rev $13.2M (+109% YoY).
- Title365 segment Q4 rev $13.3M (-70% YoY) reflecting decline in refinance volume.
- President Tim Mayopoulos resigned March 13, 2023; will remain as director; unvested equity cancelled.
- Q1 2023 guidance: consolidated rev $33-35M, non-GAAP net operating loss $37-39M; over 780 positions eliminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574723000015/0001855747-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574723000015/blnd-20230316.htm
  HTML page:      https://secwatch.observer/filing/0001855747-23-000015

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