BLND Q3 2024 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$421M

Q3 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$45M+11.3% YoY

Gross Profit

$26M57.5% margin

Operating Income

-$13M-29.5% margin

Net Income

-$4M-9.3% margin

EPS (Diluted)

$-0.03

QoQ Revenue Growth

+57.5%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

-$1M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$186M

Total Liabilities

$47M

Stockholders' Equity

$88M

Cash & Equivalents

$55M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$45M	$41M	+11.3%
Gross Profit	$26M	$22M	+17.8%
Operating Income	-$13M	-$36M	+63.2%
Net Income	-$4M	-$43M	+90.3%

Revenue Segments

Software

$31M94%

Professional Services

$2M6%