Blend Reports Second Quarter 2021 Financial Results
Blend Labs, Inc. Class A (BLND)
Company Research
Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced financial results for the second quarter ended June 30, 2021.Second Quarter Financial HighlightsRevenue of $32.1 million, up $10.1 million, or 46% year-over-yearLoss from operations of $39.6 million, compared with $20.8 million in the prior yearNon-GAAP loss from operations of $26.3 million, compared with $16.4 million in the prior yearTotal banking transaction volume of over 520,000, up 51% year-over-year“In the second quarter we continued to expand our customer base and grow within existing customers, closed a large acquisition that will accelerate the advancement of our platform, and executed a successful IPO with strong investor interest and support,” said Nima Ghamsari, co-founder and head of Blend. “Today’s consumers are looking for proactive financial services experiences that are on par with the rest of their digital lives, and I’m confident we can help our cus
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News
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- Randolph-Brooks Federal Credit Union Selects Blend to Transform its Loan Origination ExperienceBusiness Wire
- Blend Labs, Inc. (NYSE: BLND) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $1.60 to $3.10. They now have a "buy" rating on the stock.MarketBeat
- Blend Labs, Inc. (NYSE: BLND) had its price target raised by analysts at Keefe, Bruyette & Woods from $1.85 to $2.65. They now have a "market perform" rating on the stock.MarketBeat
BLND
Earnings
- 11/7/23 - Beat
BLND
Sec Filings
- 4/26/24 - Form 4
- 4/24/24 - Form 144
- 4/15/24 - Form 4
- BLND's page on the SEC website