earnings
confidence high
sentiment positive
materiality 0.75
Blend Labs Q3 revenue $45.2M; achieves non-GAAP operating profitability ahead of target
Blend Labs, Inc.
2024-Q3 EPS reported
-$0.21
revenue$120,611,000
- GAAP loss from ops improved to $13.3M from $36.2M YoY; non-GAAP income from ops $0.04M.
- Consumer Banking Suite revenue $9.5M, up 54% YoY; Mortgage Suite revenue $21.5M, up 6% YoY.
- GAAP net loss per share $0.03 vs $0.18 YoY; non-GAAP net income per share $0.00.
- Cash, equivalents, and marketable securities $124.1M, no debt.
- Q4 guidance: total revenue $39.5-42.5M, non-GAAP net operating income $0-3M.