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Blend Labs Q3 2024 Earnings Report

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$2.98 -0.15 (-4.79%)
As of 03/3/2025 03:59 PM Eastern

Blend Labs EPS Results

Actual EPS
-$0.04
Consensus EPS
-$0.02
Beat/Miss
Missed by -$0.02
One Year Ago EPS
-$0.13

Blend Labs Revenue Results

Actual Revenue
$45.18 million
Expected Revenue
$41.30 million
Beat/Miss
Beat by +$3.88 million
YoY Revenue Growth
N/A

Blend Labs Announcement Details

Quarter
Q3 2024
Time
After Market Closes

Blend Labs Earnings Headlines

Blend Labs price target lowered to $5.25 from $5.75 at Canaccord
Alert: DOGE goes live
"It's Elon's world, and the rest of us live in it." Every investor in America is trying to figure out what he might do next. And one widely followed Boston based think tank is stepping forward with their official playbook.
Blend Labs price target lowered to $3.50 from $3.85 at Keefe Bruyette
Blend Labs Earnings Call: Growth Amid Challenges
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About Blend Labs

Blend Labs (NYSE:BLND) 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 mortgage, homeowners' insurance, and realty. It also offers verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; workflow intelligence components to manage data collection and automate tasks throughout the loan origination process; and marketplace components to enable consumers to shop for products and services presented at the precise moment of need during an application for a loan. In addition, the company, through its subsidiary, offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and provides professional and consulting services. It serves banks, credit unions, fintechs, and non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in San Francisco, California.

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