Blend Labs Q3 revenue $40.6M; GAAP EPS -$0.18, non-GAAP -$0.09; Q4 guidance $34.5-40.5M

Blend Labs, Inc.

2023-Q3 EPS reported -$0.63 revenue$120,742,000

Total revenue $40.6M (Platform $28.6M, Title $11.9M); GAAP net loss per share $0.18; non-GAAP net loss per share $0.09.
Consumer Banking Suite revenue $6.2M, up 18% YoY; Mortgage Suite revenue down 11% YoY but outperformed market.
GAAP loss from operations improved to $36.2M from $129.9M YoY; non-GAAP loss from operations $15.9M.
Cash, equivalents & marketable securities $252.3M; debt $225M; revolving credit line undrawn.
Q4 2023 guidance: consolidated revenue $34.5-40.5M; non-GAAP net operating loss $14-17M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Blend Labs, Inc. reported third quarter 2023 results: revenue $40.6 million, EPS $0.18.

Period: third quarter 2023
Revenue: $40.6 million
EPS: $0.18
Result: reported results

Exact text from the filing

quarter 2023 financial results. “Blend’s third quarter results demonstrate the continued strength of our business model and the promise of our long-term vision. We delivered $40.6 million in total company revenue, well within the range we provided during our September Investor Day, driven in part by double-digit year-over-year growth in our consumer banking

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Blend Labs, Inc. reported fourth quarter of 2023 results: revenue $34.5 - 40.5. Guidance initiated.

Period: fourth quarter of 2023
Revenue: $34.5 - 40.5
Guidance: initiated
Result: guidance update

Exact text from the filing

Blend is providing guidance for the fourth quarter of 2023 as follows: $ in millions Q4 2023 Guidance Blend Platform Revenue $25.0 - 30.0 Title Revenue $9.5 - 10.5 Blend Labs, Inc. Consolidated Revenue $34.5 - 40.5 Non-GAAP Net Operating Loss $17.0 - 14.0

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Blend Labs, Inc. filing history →

Source: SEC EDGAR

accession 0001855747-23-000072

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