BLND Q4 2022 Earnings — Blend Labs, Inc. Revenue & Financial Results | Market Cap Arena

BLNDBlend Labs, Inc.

$421M

Q4 2022 Earnings

Technology Software - Application

Income Statement

Revenue

$43M-47.2% YoY

Gross Profit

$14M33.7% margin

Operating Income

-$75M-175.7% margin

Net Income

-$34M-80.1% margin

EPS (Diluted)

$-0.34

QoQ Revenue Growth

-22.7%

Cash Flow

Operating Cash Flow

-$47M

Free Cash Flow

-$48M

Stock-Based Comp.

$28M

Balance Sheet

Total Assets

$433M

Total Liabilities

$269M

Stockholders' Equity

$123M

Cash & Equivalents

$124M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$43M	$81M	-47.2%
Gross Profit	$14M	$35M	-58.8%
Operating Income	-$75M	-$60M	-25.5%
Net Income	-$34M	-$72M	+52.2%

Revenue Segments

Mortgage Banking

$15M93%

Professional Services

$1M7%