{"schema_version":"secwatch.filing_event.v1","accession":"0001855747-24-000024","form_type":"8-K/A","ticker":"BLND","cik":"0001855747","company_name":"Blend Labs, Inc.","filed_at":"2024-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.053002+00:00","generated_at":"2026-06-04T17:54:33.311290+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Blend Labs amends Q4 non-GAAP net loss to $17.6M; revenue $36.1M","bullets":["Corrected non-GAAP net loss to $17.6M ($0.07/share) in Q4 2023, down from previously reported $21.6M.","Full-year 2023 revenue $156.8M; GAAP operating loss improved to $156.2M from $746.2M in 2022.","Consumer Banking Suite revenue grew 15% YoY to $6.4M in Q4; mortgage suite revenue fell 3% amid industry decline.","Cash and marketable securities $144.2M; prepaid $85M of term loan and extended maturity to June 2027 (conditional).","Q1 2024 guidance: $32.5-35.5M revenue, non-GAAP net operating loss of ($14)-($12)M."],"urls":{"canonical":"https://secwatch.observer/filing/0001855747-24-000024","json":"https://secwatch.observer/filing/0001855747-24-000024.json","markdown":"https://secwatch.observer/filing/0001855747-24-000024.md","text":"https://secwatch.observer/filing/0001855747-24-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855747/000185574724000024/0001855747-24-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855747/000185574724000024/blnd-20240314.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T17:54:33.311290+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"170665dc86468886ff3b7148d1fdcc48112128b0","claim":"Blend Labs, Inc. reported the full fiscal year ended December 31, 2023 results: revenue $156.8 million, EPS $0.76 per share.","evidence_excerpt":"Full Year Financial Summary Revenue • Total company revenue in 2023 was $156.8 million, composed of Blend Platform segment revenue of $109.5 million and Title segment revenue of $47.3 million. • Within the Blend Platform segment, Mortgage Suite revenue decreased by 18% year-over-year, to $77.6 million. • Consumer Banking Suite revenue totaled $23.6 million in 2023, an increase of 22% as compared to 2022. • Professional services revenue increased 7% year-over-year to $8.3 million. Gross Margin & Profitability • Blend GAAP gross profit margin was approximately 52%, up from 38% in 2022. Blend Non-GAAP gross profit margin was approximately 52%, up from 39% in 2022. • GAAP Blend Platform segment gross profit was $76.5 million in 2023, up from $75.2 million in 2022. Non-GAAP Blend Platform segment gross profit was $77.4 million in 2023, up from $76.3 million in 2022. • GAAP and non-GAAP Software platform gross margins were 78% in 2023, up compared to 73% on a GAAP and non-GAAP basis in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855747/000185574724000024/0001855747-24-000024-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$156.8 million"},{"label":"EPS","value":"$0.76 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ed5ac1f6ad92fd88793207194a3b0de5360e17b0","claim":"Blend Labs, Inc. reported the fourth fiscal quarter ended December 31, 2023 results: revenue $36.1 million, EPS $0.13 per share.","evidence_excerpt":"Total company revenue in 4Q23 was $36.1 million, composed of Blend Platform segment revenue of $25.9 million and Title segment revenue of $10.2 million. • Within the Blend Platform segment, Mortgage Suite revenue decreased by 3% year-over-year to $17.2 million, amidst a 20-25% industry mortgage market volume decline over the same period as determined by Blend’s internal estimates, which are informed from a sample of third-party estimates, such as those published by the Mortgage Bankers Association, Fannie Mae, and Inside Mortgage Finance where Home Mortgage Disclosure Act data is unavailable. • Consumer Banking Suite revenue totaled $6.4 million in 4Q23, an increase of 15% as compared to the prior-year period. • Professional services revenue increased 11% year-over-year to $2.3 million. Gross Margin & Profitability • Blend GAAP gross profit margin was approximately 55%, up from 34% in 4Q22. Blend non-GAAP gross profit margin was approximately 55%, up from 35% in 4Q22. • GAAP Blend Plat","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855747/000185574724000024/0001855747-24-000024-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth fiscal quarter ended December 31, 2023"},{"label":"Revenue","value":"$36.1 million"},{"label":"EPS","value":"$0.13 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}