Blend Labs: Good Trends, But The Growth Has To Keep Going [Seeking Alpha]
Blend Labs, Inc. Class A (BLND)
Company Research
Source: Seeking Alpha
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. I took my first look at the banking software provider Blend Labs back in July 2023, viewing it then as having a lot to prove in terms of growth in a challenging environment for its core software product, which helps banks originate mortgages more efficiently. Turns out I missed a great opportunity to buy in, as shares have doubled since then, making it worth a second look in my view. Ultimately, I still believe it is a hold on a fundamental basis due to needing to hit high-growth benchmarks while keeping operating expenses in check. However, there are positive signs emerging that the growth targets are achievable, the cost containment is moving i
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BLND
News
- Blend to Announce First Quarter 2024 Financial Results on May 8, 2024Business Wire
- Blend Labs Announces Strategic Partnership with Haveli Investments, including $150 Million Investment [Yahoo! Finance]Yahoo! Finance
- Blend Labs Announces Strategic Partnership with Haveli Investments, including $150 Million InvestmentBusiness Wire
- Michigan Schools and Government Credit Union Selects Blend to Evolve its Digital Lending ExperienceBusiness Wire
- Blend Labs, Inc. (NYSE:BLND) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
BLND
Earnings
- 11/7/23 - Beat
BLND
Sec Filings
- 4/29/24 - Form 8-K
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- BLND's page on the SEC website