Blend Labs Q4 revenue $41.4M (+15% YoY); non-GAAP operating income beats guidance

Blend Labs, Inc.

2024-FY EPS reported -$0.24 revenue$162,019,000

GAAP loss from ops narrowed to $1.8M from $21.9M; non-GAAP op income $5.2M vs loss of $13.1M.
Consumer Banking Suite revenue $9.5M (+48% YoY), now 31% of platform revenue.
Full-year revenue $162.0M; GAAP net loss per share $0.24 vs $0.76 in FY23.
Q1 2025 guidance: platform revenue $25-27M; Consumer Banking CAGR target raised to 40%.
Added PHH Mortgage and a top-10 U.S. bank; cash $105.8M, no debt.

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