BLND Q2 2023 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$421M

Q2 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$43M-34.7% YoY

Gross Profit

$23M54.9% margin

Operating Income

-$37M-85.8% margin

Net Income

-$43M-100.0% margin

EPS (Diluted)

$-0.18

QoQ Revenue Growth

+14.7%

Cash Flow

Operating Cash Flow

-$34M

Free Cash Flow

-$35M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$350M

Total Liabilities

$266M

Stockholders' Equity

$41M

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$43M	$66M	-34.7%
Gross Profit	$23M	$25M	-7.0%
Operating Income	-$37M	-$471M	+92.2%
Net Income	-$43M	-$478M	+91.0%

Revenue Segments

Software

$28M93%

Professional Services

$2M7%