BLND Q1 2021 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$421M

Q1 2021 Earnings

Technology Software - Application

Income Statement

Revenue

$32M+104.3% YoY

Gross Profit

$21M65.9% margin

Operating Income

-$27M-85.4% margin

Net Income

-$27M-84.9% margin

EPS (Diluted)

$-0.12

QoQ Revenue Growth

+4.1%

Cash Flow

Operating Cash Flow

-$20M

Free Cash Flow

-$21M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$520M

Total Liabilities

$57M

Stockholders' Equity

$462M

Cash & Equivalents

$352M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$32M	$16M	+104.3%
Gross Profit	$21M	$8M	+154.9%
Operating Income	-$27M	-$23M	-17.9%
Net Income	-$27M	-$23M	-18.4%