BLND Q2 2021 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$453M

Q2 2021 Earnings

Technology Software - Application

Income Statement

Revenue

$32M+46.3% YoY

Gross Profit

$20M61.4% margin

Operating Income

-$40M-123.6% margin

Net Income

$6M18.0% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+0.6%

Cash Flow

Operating Cash Flow

-$33M

Free Cash Flow

-$33M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$511M

Stockholders' Equity

$486M

Cash & Equivalents

$370M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$32M	$22M	+46.3%
Gross Profit	$20M	$13M	+48.6%
Operating Income	-$40M	-$21M	-90.5%
Net Income	$6M	-$21M	+128.0%

Revenue Segments

Technology Service

$31M97%

Professional Services

$1M3%