BLNDBlend Labs, Inc.

$421M

Q1 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$72M+124.4% YoY

Gross Profit

$29M40.4% margin

Operating Income

-$70M-97.5% margin

Net Income

-$74M-102.8% margin

EPS (Diluted)

$-0.31

QoQ Revenue Growth

-11.7%

Cash Flow

Operating Cash Flow

-$46M

Free Cash Flow

-$46M

Stock-Based Comp.

$24M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$290M

Stockholders' Equity

$727M

Cash & Equivalents

$168M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$72M	$32M	+124.4%
Gross Profit	$29M	$21M	+37.4%
Operating Income	-$70M	-$27M	-156.4%
Net Income	-$74M	-$27M	-171.7%

Revenue Segments

Mortgage Banking

$24M75%

Emerging Business And Service

$7M22%

Professional Services

$1M3%

BLND Q1 2022 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena