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.

Blend Labs (BLND) delivered earnings and revenue surprises of -18.75% and 8.04%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Blend Labs (BLND) Reports Q3 Loss, Tops Revenue Estimates

SAN FRANCISCO--( BUSINESS WIRE )--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its third quarter 2022 financial results.

Blend Announces Third Quarter 2022 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 live discussion of its third quarter 2022 financial results on Thursday, November 10, 2022, at 4:30 pm ET.

Blend to Announce Third Quarter 2022 Financial Results on November 10, 2022

Snowflake

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced tech industry veteran Dean Klinger as its new Head of Revenue. Klinger recently served as Senior Vice President of Sales, Major Accounts at Snowflake, Inc. (NYSE: SNOW), a market leader in cloud-based data warehousing and analytics (the data cloud). Reporting to Head of Blend, Nima Ghamsari, Klinger will oversee Blend's end-to-end customer journey. Klinger brings 25+ years of sales

Blend Hires Former ServiceNow, Snowflake Executive As New Head of Revenue

The cloud-based software platform for banks delivered better-than-expected results.

Why Blend Labs Stock Exploded Higher Tuesday Morning

Blend Labs, Inc. (NYSE:BLND ) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants Crystal Sumner - Head, Legal, Compliance and Risk & Corporate Secretary Nima Ghamsari - Co-Founder, Chairman, CEO & Head, Blend Marc Greenberg - Head, Finance and Facilities & Principal Financial Officer Timothy Mayopoulos - President & Director Conference Call Participants Matthew Stotler - William Blair & Company Joseph Vafi - Canaccord Genuity Ryan Tomasello - KBW Michael Turrin - Wells Fargo Securities Terrell Tillman - Truist Securities Madison Schrage - KeyBanc Capital Markets Michael Ng - Goldman Sachs Group Crystal Sumner Good afternoon, and welcome to Blend's Second Quarter 2022 Earnings Conference Call. My name is Crystal Sumner, Head of Legal Compliance and risk for the company.

Blend Labs, Inc. (BLND) CEO Nima Ghamsari on Q2 2022 Results - Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its second quarter 2022 financial results. “Blend continues to gain market share in mortgage, and we are seeing traction in our consumer banking and marketplace business amid a highly uncertain mortgage banking and economic environment,” said Nima Ghamsari, Head of Blend. “We are addressing the challenging market conditions by playing to win long-term, taking decisive actions to imp

Blend Announces Second Quarter 2022 Financial Results

Blend Labs went public in July 2021, raising approximately $360 million in gross proceeds from an IPO. The firm provides a range of software to U.S. financial institutions to assist them in their modernization efforts.

Blend Labs Makes Tepid Cost Cutting Moves In Downturn

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a live discussion of its second quarter 2022 financial results on Monday, August 15, 2022, at 4:30 pm ET. 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. Starting today, retail and institutional shareholders will be able to submit and upvote q

Blend to Announce Second Quarter 2022 Financial Results on August 15, 2022

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SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Co-Founder and Head of Blend, Nima Ghamsari, along with Marc Greenberg, Head of Finance, will participate in a live presentation at the 42nd Annual William Blair Growth Stock Conference on Wednesday, June 8, 2022. The discussion will begin at 12:40 p.m PT / 3:40 p.m. ET. This presentation will be webcast live on Blend's investor relations website at https://investor.blend.com.

Blend to Participate in the 42nd Annual William Blair Growth Stock Conference

Blend Labs, Inc. (NYSE:BLND ) Q1 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants Crystal Sumner - Head, Legal Compliance and Risk Nima Ghamsari - Co-Founder and Head Tim Mayopoulos - President Marc Greenberg - Head, Finance Conference Call Participants Ryan Tomasello - KBW Maddie Schrage - KeyBanc Capital Markets Joseph Meares - Truist Matt Stotler - William Blair Arvind Ramnani - Piper Sandler Joe Vafi - Canaccord Crystal Sumner Good afternoon, and welcome to the Blends' First Quarter 2022 Earnings Conference Call. My name is Crystal Sumner, Head of Legal Compliance and Risk for the company.

Blend Labs, Inc. (BLND) Management on Q1 2022 Results - Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2022 financial results. “Blend's first quarter reflects our growing mortgage banking market share in a challenging originations environment as well as strong growth in Consumer Banking & Marketplace revenue,” said Nima Ghamsari, Head of Blend. “We are excited to see more customers adopting our newer software solutions such as Blend Close and Blend Income Verifi

Blend Announces First Quarter 2022 Financial Results

Blend Labs (BLND) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Blend Labs (BLND) Might Surprise This Earnings Season

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced the opening of a shareholder Q&A platform to be used in connection with its upcoming earnings release. Blend is scheduled to host a live discussion of its first quarter 2022 earnings at 5:00 pm ET / 2:00 pm PT on Thursday, May 12, 2022. Starting today, retail and institutional shareholders will be able to submit and upvote questions to management. To submit questions ahead of e

Blend Announces Q&A Platform for Shareholders Ahead of First Quarter 2022 Earnings Release

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that the Company will host a live discussion of its first quarter 2022 financial results on Thursday, May 12, 2022, at 5:00 pm ET. 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 relations we

Blend to Announce First Quarter 2022 Financial Results on May 12, 2022

SAN FRANCISCO--(BUSINESS WIRE)---- $BLND--Blend, a leading cloud banking provider, today announced the availability of three new eClosing products.

Blend Launches Three New eClosing Offerings

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Shares of Blend Labs Inc. BLND, -0.21% were little changed in morning trading Tuesday, after the San Francisco-based banking software company disclosed that it will cut 200 jobs, or about 10% of its workforce, as part of its plan to cut costs and "better align its operating structure with its business activities." The company said the job cut plan is to streamline its title operations and reduce its general and administrative functions.

Blend Labs to cut 10% of its workforce

Blend Labs (BLND) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Blend Labs (BLND) a New Buy Stock

As an investment, Blend Labs has been a disaster so far, but there are reasons for shareholders to hang on for the long haul.

Even Though It's Down 77%, I'm Not Selling Blend Labs

Analysts mainly slashed the price targets or downgraded the rating on Blend Labs Inc (NYSE: BLND) post Q4 results. KeyBanc analyst Josh Beck lowered the price target to $6 from $10 (26% upside) and kept an Overweight.

Read How Analysts Reacted To Blend Labs' Q4 Results

Blend Labs, Inc. (BLND) Management on Q4 2021 Results - Earnings Call Transcript

Blend Labs Inc (NYSE: BLND) reported fourth-quarter revenue growth of 164.3% year-over-year to $80.99 million, missing the consensus of $82.92 million. Blend Platform segment revenue was $36.5 million (+19% Y/Y), and Title365 segment revenue was $44.4 million.

News for Blend Labs Stock (BLND)