secwatch.observer — SEC 8-K summary
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Issuer:     Blend Labs, Inc. (BLND)
CIK:        0001855747
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001855747-25-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855747/000185574725000008/0001855747-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855747/000185574725000008/blnd-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001855747-25-000008

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