BLND Q3 2022 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$421M

Q3 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$55M-38.2% YoY

Gross Profit

$21M38.1% margin

Operating Income

-$130M-234.6% margin

Net Income

-$134M-242.0% margin

EPS (Diluted)

$-0.57

QoQ Revenue Growth

-15.5%

Cash Flow

Operating Cash Flow

-$50M

Free Cash Flow

-$51M

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$493M

Total Liabilities

$278M

Stockholders' Equity

$176M

Cash & Equivalents

$114M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$55M	$90M	-38.2%
Gross Profit	$21M	$40M	-47.7%
Operating Income	-$130M	-$71M	-84.1%
Net Income	-$134M	-$77M	-74.2%

Revenue Segments

Mortgage Banking

$20M55%

Emerging Business And Service

$15M42%

Professional Services

$865,0002%