BLND Q2 2022 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$421M

Q2 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$66M+104.4% YoY

Gross Profit

$25M38.5% margin

Operating Income

-$471M-719.3% margin

Net Income

-$478M-729.9% margin

EPS (Diluted)

$-2.05

QoQ Revenue Growth

-8.4%

Cash Flow

Operating Cash Flow

-$47M

Free Cash Flow

-$48M

Stock-Based Comp.

$29M

Balance Sheet

Total Assets

$599M

Total Liabilities

$282M

Stockholders' Equity

$279M

Cash & Equivalents

$133M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$66M	$32M	+104.4%
Gross Profit	$25M	$20M	+28.2%
Operating Income	-$471M	-$40M	-1089.4%
Net Income	-$478M	$6M	-8396.5%

Revenue Segments

Mortgage Banking

$24M71%

Emerging Business And Service

$9M25%

Professional Services

$1M4%