Blend Labs

Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts. It serves banks, credit unions, fintechs, and non-bank mortgage lenders. Blend Labs, Inc. was incorporated in 2012 and is headquartered in San Francisco, California.

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Blend Labs excels in Q1 2024, eyes credit unions and digital closings

Blend Labs delivered a strong performance in Q1 2024, driven by financial improvements, successful partnerships, and innovative solutions. While facing challenges in expanding into commercial banking, the company has opportunities to capitalize on market trends and enhance customer service. Overall, Blend's strategic focus on efficiency and customer-centric offerings bodes well for its future growth.

Blend Labs reports record revenue and profitability, eyes strategic growth

Blend Labs delivered a strong performance in Q3 2024, achieving positive non-GAAP operating income and surpassing revenue guidance.
The company's focus on profitability, operational leverage, and strategic partnerships positions it well for sustained growth and financial success.
While facing challenges such as industry fluctuations and high rates, Blend's opportunities in product innovation and revenue diversification present avenues for future growth.
With a record high RPO, strong revenue outlook, and emphasis on sustainable growth, Blend is poised to capitalize on market opportunities and drive profitability.

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Blend Labs, Inc. engages in the provision of a cloud-based software platform for financial services firms that is designed to power the end-to-end consumer journey for banking products. It operates through the Blend Platform and Title365 segments. The company was founded by Nima Ghamsari, Rosco Hill, Eugene Marinelli, and Erin James Collard on April 17, 2012 and is headquartered in Novato, CA.

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leading provider of cloud banking services, today announced its recognition as a representative vendor in the 2024 Gartner Market Guide for Digital Banking Platforms. Built with agility in mind, Blend's Builder Platform is designed to deliver innovative banking products with speed and scale by leveraging reusable components and best-in-class workflows to create differentiated borrower experiences. We believe this acknowledgment highlights Bl.

Blend Recognized in the 2024 Gartner® Market Guide for Digital Banking Platforms

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leading provider of digital banking solutions, is pleased that Bryan Sullivan and Eric Woersching have been elected to its Board of Directors, at the Company's annual meeting of stockholders held on June 12, 2024. As of June 12, 2024, Sullivan is serving as Chair of the Audit Committee and member of the Compensation Committee, and Woersching is serving as a member of the Audit Committee and Nominating and Corporate Governance Committee. “We'.

Bryan Sullivan and Eric Woersching Join Blend's Board of Directors

SAN FRANCISCO--(BUSINESS WIRE)--Blend, a leading provider of digital banking solutions, today announced that it expects to join the Russell 2000® Index as part of the annual reconstitution of the Russell stock indexes. This inclusion is expected to take effect at the opening of U.S. equity markets on Monday, July 1, 2024, based on the preliminary list of additions posted on May 31, 2024. "We are excited to join the Russell 2000® Index, a testament to our execution and a validation of our strate.

Blend to Join Russell 2000® Index

Does Blend Labs (BLND) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Blend Labs (BLND) is a Great Choice

Blend Labs, Inc. (NYSE:BLND ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Winnie Ling – Head-Legal and People Nima Ghamsari – Co-Founder and Head-Blend Amir Jafari – Head-Finance and Administration Bryan Michaleski – Investor Relations Lead Conference Call Participants Dylan Becker – William Blair David Unger – Wells Fargo Ryan Tomasello – KBW Joseph Vafi – Canaccord Genuity Seth Gilbert – UBS Winnie Ling Good afternoon, and welcome to Blend's First Quarter 2024 Earnings Conference Call. My name is Winnie Ling and I'm Head of Legal and People for the company.

Blend Labs, Inc. (BLND) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Blend Labs (BLND) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Blend Labs (BLND) Reports Q1 Earnings: What Key Metrics Have to Say

Blend Labs (BLND) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.15 per share a year ago.

Blend Labs (BLND) Reports Q1 Loss, Tops Revenue Estimates

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2024 financial results. “Blend continued to grow our customer base and product suite in the first quarter. We welcomed new customers, executed large-scale deployments, including two of the top 10 credit unions in the U.S.*, and grew our pipeline, which now includes two more of the largest financial institutions in the country. “We also added core functionality to o.

Blend Announces First Quarter 2024 Financial Results

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Blend Labs (BLND), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Blend Labs (BLND) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Wednesday, May 8, 2024, at 4:30 pm ET to discuss its first quarter 2024 financial results. A press release, with accompanying financial information, will be posted prior to the discussion on the Company's investor website at https://investor.blend.com. A link to the live discussion will be made available on the Company's investor rela.

Blend to Announce First Quarter 2024 Financial Results on May 8, 2024

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), (“Blend” or the “Company”), a leading provider of cloud banking services, and Haveli Investments (“Haveli”), a technology-focused private equity firm, today announced a $150 million investment in the Company by Haveli Investments in the form of convertible preferred stock with a zero percent coupon. Blend will use approximately $145 million of the proceeds to repay all amounts payable under its existing credit agreement, and the rem.

Blend Labs Announces Strategic Partnership with Haveli Investments, including $150 Million Investment

SAN FRANCISCO--(BUSINESS WIRE)--Blend, a leading provider of cloud banking services, announced today that Michigan Schools and Government Credit Union (MSGCU) has selected Blend to deliver an enhanced user experience for its members. By selecting Blend for its Mortgage, Income, Close, and Home Equity solutions, MSGCU aims to simplify and streamline the application process, automate their lender workflows, and offer a consistent digital experience across all lines of their consumer real estate b.

Michigan Schools and Government Credit Union Selects Blend to Evolve its Digital Lending Experience

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Blend Labs, Inc. (BLND) Q4 2023 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Please replace the release dated March 14, 2024 with the following corrected version due to multiple revisions, including: No changes to previously reported GAAP financial measures. Update to non-GAAP net loss and non-GAAP net loss per share to include loss on debt extinguishment as a non-GAAP adjustment. Updated non-GAAP net loss in 4Q23 is $17.6 million vs $21.6 million previously reported. Updated non-GAAP net loss per share in 4Q23 is $0.07 vs $0.09 previousl.

UPDATING and REPLACING Blend Announces Fourth Quarter and Full Year 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its fourth quarter and full year 2023 financial results. “Despite a challenging market environment, Blend has achieved substantial progress on our three strategic priorities over the course of 2023,” said Nima Ghamsari, Head of Blend. “First, we've expanded our consumer banking footprint by achieving double digit year-on-year revenue growth in every quarter. Second, we continued to.

Blend Announces Fourth Quarter and Full Year 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Thursday, March 14, 2024, at 4:30 pm ET to discuss its fourth quarter and full year 2023 financial results. A press release, with accompanying financial information, will be posted prior to the discussion on the Company's investor website at https://investor.blend.com. A link to the live discussion will be made available on the Compan.

Blend to Announce Fourth Quarter and Full Year 2023 Financial Results on March 14, 2024

Blend Labs, a software provider for the banking industry, has seen its shares double and is worth a second look. While historically reliant on providing software solutions to ease mortgage lending, Blend Labs has been hurt by weakness in housing and is diversifying its software offerings for banks. However, in spite of reductions in revenue due to the slow mortgage market, gross margins have shown resilience, and the growth profile looks promising.

Blend Labs: Good Trends, But The Growth Has To Keep Going

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Although the revenue and EPS for Blend Labs (BLND) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Blend Labs (BLND) Reports Q3 Earnings: What Key Metrics Have to Say

Blend Labs, Inc. (NYSE:BLND ) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Winnie Ling - Head, Legal Nima Ghamsari - Co-Founder, & Head, Blend Amir Jafari - Head, Finance & Administration Bryan Michaleski - Investor Relations Conference Call Participants David Unger - Wells Fargo Dylan Becker - William Blair Nikhil Vijay - KBW Winnie Ling Good afternoon, and welcome to Blend's Third Quarter 2023 Earnings Conference Call. My name is Winnie Ling, and I'm Head of Legal for the company.

Blend Labs, Inc. (BLND) Q3 2023 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its third quarter 2023 financial results. “Blend's third quarter results demonstrate the continued strength of our business model and the promise of our long-term vision. We delivered $40.6 million in total company revenue, well within the range we provided during our September Investor Day, driven in part by double-digit year-over-year growth in our consumer banking business revenu.

Blend Announces Third Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a conference call on Tuesday, November 7, 2023, at 4:30 pm ET to discuss its third quarter 2023 financial results. A press release, with accompanying financial information, will be posted prior to the discussion on the Company's investor website at https://investor.blend.com. A link to the live discussion will be made available on the Company's investor r.

Blend to Announce Third Quarter 2023 Financial Results on November 7, 2023

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, will host its first Investor Day on Tuesday, September 26, 2023, beginning at approximately 12:00 p.m. ET / 9:00 a.m. PT at its San Francisco headquarters. Blend's executive leadership team will present the Company's business and sales strategy, product roadmap, and long-term vision for growth and profitability, with live Q&A to follow. A live webcast of the event will be available on the Comp.

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