BLND Q2 2024 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$421M

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$29M-33.0% YoY

Gross Profit

$20M70.9% margin

Operating Income

-$13M-45.5% margin

Net Income

-$21M-73.0% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

+20.4%

Cash Flow

Operating Cash Flow

-$7M

Free Cash Flow

-$9M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$185M

Total Liabilities

$48M

Stockholders' Equity

$88M

Cash & Equivalents

$45M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$29M	$43M	-33.0%
Gross Profit	$20M	$23M	-13.4%
Operating Income	-$13M	-$37M	+64.4%
Net Income	-$21M	-$43M	+51.1%

Revenue Segments

Software

$26M92%

Professional Services

$2M8%