Blend Labs, Inc. (BLND)

NYSE: BLND · IEX Real-Time Price · USD
3.250
+0.090 (2.85%)
Mar 28, 2024, 4:00 PM EDT - Market closed
2.85%
Market Cap 819.16M
Revenue (ttm) 156.85M
Net Income (ttm) -185.32M
Shares Out 242.50M
EPS (ttm) -0.76
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,532,185
Open 3.160
Previous Close 3.160
Day's Range 3.120 - 3.310
52-Week Range 0.529 - 3.405
Beta 0.92
Analysts Buy
Price Target 2.43 (-25.23%)
Earnings Date Nov 9, 2022

About BLND

Blend Labs, Inc. engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mo... [Read more]

Sector Technology
IPO Date Jul 16, 2021
Employees 881
Stock Exchange NYSE
Ticker Symbol BLND
Full Company Profile

Financial Performance

In 2023, Blend Labs's revenue was $156.85 million, a decrease of -33.31% compared to the previous year's $235.20 million. Losses were -$185.32 million, -75.89% less than in 2022.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for BLND stock is "Buy." The 12-month stock price forecast is $2.43, which is a decrease of -25.23% from the latest price.

Price Target
$2.43
(-25.23% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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

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 financ...

13 days ago - Business Wire

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...

14 days ago - Business Wire

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

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 ...

15 days ago - Business Wire

Blend Announces Third Quarter 2023 Financial Results

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 t...

5 months ago - Business Wire

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, today announced that the Company will host a conference call on Tuesday, November 7, 2023, at 4:30 pm...

5 months ago - Business Wire

Blend to Hold Its Investor Day on September 26, 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...

7 months ago - Business Wire

Blend to Participate in the Goldman Sachs Communacopia & Technology Conference

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Amir Jafari, Head of Finance and Administration, will participate in a fireside ...

7 months ago - Business Wire

Blend Announces Second Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced its second quarter 2023 financial results. “Blend's second quarter results once again...

8 months ago - Business Wire

Blend to Announce Second Quarter 2023 Financial Results on August 9, 2023

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, August 9, 2023, at 4:30 pm...

8 months ago - Business Wire

Blend Labs Further Expands Mortgage Customer Base After Nations Lending Chooses Blend's Mortgage Suite To Streamline Originations

SAN FRANCISCO, CA / ACCESSWIRE / June 13, 2023 / Last week, cloud banking platform Blend Labs, Inc. (NYSE:BLND), announced that its mortgage suite was chosen to streamline the mortgage origination pro...

10 months ago - Accesswire

Blend to Participate in the Piper Sandler Global Exchange & Fintech Conference

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced that Amir Jafari, head of Finance and Administration, will participate in a fireside ...

10 months ago - Business Wire

Composable Tech Is Growing At An Estimated 50.4% Annually - This Fintech Is Aiming To Capture More Of That Market With Its New Composable Origination Tech

SAN FRANCISCO, CA / ACCESSWIRE / May 11, 2023 / In December of last year, Gartner forecasted that 60% of financial institutions would be looking for composable finance solutions by 2024. Rather than o...

11 months ago - Accesswire

Blend Announces First Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2023 financial results. “Blend's first quarter results came in ahead...

11 months ago - Business Wire

Blend Receives Continued Listing Standard Notice from NYSE

SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND)(the “Company”), a leader in cloud banking software, announced today that it received notice (the “Notice”) on April 28, 2023 from the New ...

11 months ago - Business Wire

Banks Risk Losing Deposits In The Great Wealth Transfer As Millennials Flock To Digital Financial Services - Blend Is Helping Them Get Younger Customers Back

SAN FRANCISCO, CA / ACCESSWIRE / May 3, 2023 / The largest wealth transfer in history is currently underway as an estimated $30 trillion is expected to transfer from Baby Boomers to their Gen X and Mi...

11 months ago - Accesswire

Financial Institutions Are Facing A Crisis Of Confidence – Here's How Some Banks Are Building Trust Among Anxious Consumers

SAN FRANCISCO, CA / ACCESSWIRE / May 2, 2023 / In the wake of the Silicon Valley Bank collapse, the second-largest bank default in U.S. history, it's more important than ever for banks to proactively ...

11 months ago - Accesswire

Blend to Announce First Quarter 2023 Financial Results on May 9, 2023

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, May 9, 2023, at 4:30 pm ET t...

1 year ago - Business Wire

Atlantic Coast Mortgage Streamlines eClosings with Blend

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND), a leading provider of cloud banking services, announced today that independent mortgage bank Atlantic Coast Mortgage has recommitted to Blend to str...

1 year ago - Business Wire

Blend Announces Fourth Quarter and Full Year 2022 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 2022 financial results.

1 year ago - Business Wire

Blend to Announce Fourth Quarter and Full Year 2022 Financial Results on March 16, 2023

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 16, 2023, at 4:30 pm ...

1 year ago - Business Wire

KeyBank Leverages Blend to Deliver Digital Mortgage Application Process for Clients

Cloud banking platform closing loans more than two weeks faster CLEVELAND , Feb. 2, 2023 /PRNewswire/ -- KeyBank (NYSE: KEY) is seeing significant results in making home buying easier for clients in t...

Other symbols: KEY
1 year ago - PRNewsWire

Blend Announces Strategic and Financial Initiatives to Achieve Path to Profitability

SAN FRANCISCO--(BUSINESS WIRE)--Blend (NYSE: BLND) announced today a series of specific initiatives that support its previously communicated plan to accelerate its path to profitability. Blend will ...

1 year ago - Business Wire

Blend Announces Third Quarter 2022 Financial Results

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

1 year ago - Business Wire

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

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 resu...

1 year ago - Business Wire

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

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 serve...

Other symbols: SNOW
1 year ago - Business Wire