BLND Q3 2023 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$421M

Q3 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$41M-26.7% YoY

Gross Profit

$22M54.4% margin

Operating Income

-$36M-89.2% margin

Net Income

-$43M-106.5% margin

EPS (Diluted)

$-0.18

QoQ Revenue Growth

-5.2%

Cash Flow

Operating Cash Flow

-$26M

Free Cash Flow

-$26M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$318M

Total Liabilities

$267M

Stockholders' Equity

$6M

Cash & Equivalents

$85M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$41M	$55M	-26.7%
Gross Profit	$22M	$21M	+4.5%
Operating Income	-$36M	-$130M	+72.1%
Net Income	-$43M	-$134M	+67.7%

Revenue Segments

Software

$27M93%

Professional Services

$2M7%