BLND Q3 2021 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$453M

Q3 2021 Earnings

Technology Software - Application

Income Statement

Revenue

$90M+221.3% YoY

Gross Profit

$40M45.0% margin

Operating Income

-$71M-78.8% margin

Net Income

-$77M-85.9% margin

EPS (Diluted)

$-0.38

QoQ Revenue Growth

+179.4%

Cash Flow

Operating Cash Flow

-$31M

Free Cash Flow

-$32M

Stock-Based Comp.

$43M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$303M

Stockholders' Equity

$829M

Cash & Equivalents

$276M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$90M	$28M	+221.3%
Gross Profit	$40M	$18M	+119.2%
Operating Income	-$71M	-$15M	-359.5%
Net Income	-$77M	-$15M	-405.8%

Revenue Segments

Mortgage Banking

$27M78%

Emerging Business And Service

$7M19%

Professional Services

$1M3%