secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001855747-24-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blend Labs Q4 revenue $36.1M; operating loss narrows to $21.9M; guides Q1 revenue $32.5-35.5M
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- Q4 revenue $36.1M (Platform $25.9M, Title $10.2M); Consumer Banking Suite +15% YoY to $6.4M.
- GAAP loss from ops $21.9M vs $75.2M YoY; Non-GAAP loss $13.1M vs $43.1M; net loss per share $0.13.
- Full year 2023 revenue $156.8M; GAAP loss from ops $156.2M vs $746.2M; cash and securities $144.2M.
- Q1 2024 guidance: consolidated revenue $32.5-35.5M; non-GAAP net operating loss ($14.0)-($12.0)M.
- Signed multi-year consumer banking deal with Citizens Bank; mortgage suite economic value per funded loan $91.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574724000014/0001855747-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574724000014/blnd-20240314.htm
  HTML page:      https://secwatch.observer/filing/0001855747-24-000014

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