BLND Q1 2024 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$421M

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$24M-36.1% YoY

Gross Profit

$16M67.3% margin

Operating Income

-$21M-89.0% margin

Net Income

-$22M-92.8% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-34.0%

Cash Flow

Operating Cash Flow

-$4M

Free Cash Flow

-$6M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$202M

Total Liabilities

$190M

Stockholders' Equity

-$36M

Cash & Equivalents

$85M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$24M	$37M	-36.1%
Gross Profit	$16M	$16M	+1.2%
Operating Income	-$21M	-$61M	+65.5%
Net Income	-$22M	-$67M	+67.2%

Revenue Segments

Software

$22M91%

Professional Services

$2M9%