Blend Labs ( (BLND) ) has provided an update.
On February 27, 2025, Blend Labs announced its financial results for the fourth quarter and full year 2024, highlighting significant achievements despite challenging macroeconomic conditions. The company reported a 42% annual revenue growth in its Consumer Banking business and welcomed major new customers, including PHH Mortgage and a top 10 U.S. bank. Blend achieved its most profitable quarter yet, with a 15% year-over-year revenue increase in Q4 to $41.4 million, driven by strategic partnerships and product innovations. The company also reported a non-GAAP operating income of $5.2 million, surpassing guidance, and continued to diversify its revenue streams with a focus on high-margin partnerships and software model simplification.
More about Blend Labs
Blend Labs, Inc. is a leading origination platform specializing in digital banking solutions. The company focuses on providing software for frictionless origination processes in the financial services industry, with a strong emphasis on consumer banking, mortgage solutions, and partnerships in insurance and income verification.
YTD Price Performance: -5.21%
Average Trading Volume: 3,017,987
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $931.6M
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