secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001855747-23-000072
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574723000072/0001855747-23-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574723000072/blnd-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001855747-23-000072

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