BLNDBlend Labs, Inc.

$421M

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$37M-47.8% YoY

Gross Profit

$16M42.5% margin

Operating Income

-$61M-164.5% margin

Net Income

-$67M-180.7% margin

EPS (Diluted)

$-0.27

QoQ Revenue Growth

-12.7%

Cash Flow

Operating Cash Flow

-$47M

Free Cash Flow

-$47M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$385M

Total Liabilities

$272M

Stockholders' Equity

$71M

Cash & Equivalents

$46M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$37M	$72M	-47.8%
Gross Profit	$16M	$29M	-45.1%
Operating Income	-$61M	-$70M	+11.9%
Net Income	-$67M	-$74M	+8.3%

Revenue Segments

Technology Service

$23M93%

Professional Services

$2M7%

BLND Q1 2023 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena