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Blend Labs, Inc. - $BLND STOCK NEWS

Welcome to our dedicated page for Blend Labs news (Ticker: $BLND), a resource for investors and traders seeking the latest updates and insights on Blend Labs stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Blend Labs's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Blend Labs's position in the market.

Rhea-AI Summary
NYSE:BLND - Blend Labs, Inc. Meets Revenue and Operating Loss Targets for Third Consecutive Quarter, Reports $40.6 Million in Total Company Revenue. Mortgage Business Outperforms Market, GAAP gross profit margin up to 54% from 38% in 3Q22.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.43%
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Rhea-AI Summary
Blend Labs, Inc. to host conference call to discuss its third quarter 2023 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
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Rhea-AI Summary
Blend launches Blend IMB Essentials, a new edition of its mortgage suite designed for retail independent mortgage banks (IMBs). The offering provides essential features for success in today's challenging market at a significantly lower price point.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.33%
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none
Rhea-AI Summary
Blend announces integration with MeridianLink, providing fast onboarding and application process for banking, credit card, and loan products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.88%
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partnership
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Rhea-AI Summary
Blend integrates with Freddie Mac's AIM Check API to automate income assessment, expanding income verification capabilities for lenders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.72%
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none
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Rhea-AI Summary
Blend Labs to host its first Investor Day on September 26, 2023, presenting business strategy, product roadmap, and growth vision.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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none
Rhea-AI Summary
Blend Labs, Inc. (NYSE: BLND) announces participation in Goldman Sachs Communacopia & Technology Conference on September 5, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
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conferences
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Rhea-AI Summary
Blend Labs (NYSE: BLND) announces Q2 2023 financial results, exceeding revenue expectations and progressing towards profitability. Total revenue of $42.8 million, with Platform revenue of $30.3 million and Title revenue of $12.5 million. Mortgage Banking Suite revenue declined by 17% YoY, but Consumer Banking Suite revenue increased by 27% YoY. GAAP and non-GAAP gross profit margin improved to approximately 55%. GAAP loss from operations reduced to $36.7 million, compared to $471.4 million in 2Q22. Blend has cash, cash equivalents, and marketable securities totaling $277.9 million with total debt outstanding of $225.0 million. Blend provides Q3 2023 guidance with estimated revenue of $38.0 - 42.0 million. Mortgage volumes are projected to decline by 6% YoY.
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Rhea-AI Sentiment
End-of-Day
17.21%
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Rhea-AI Sentiment
End-of-Day
-5.51%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.31%
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none
Blend Labs, Inc.

NYSE:BLND

BLND Rankings

BLND Stock Data

706.52M
189.12M
7.22%
54.09%
2.68%
Software Publishers
Information
Link
United States of America
SAN FRANCISCO

About BLND

at blend, we’re dedicated to improving consumer lending. we partner with banks and lenders to power frictionless, compliant, and more accessible lending— starting with mortgages. we’re motivated by the fact that our product won’t just affect the lives of a few people in the bay area— it affects people all over america. founded in 2012 by a group of former palantir engineers, blend raised $100m from greylock and emergence capital in the summer of 2017. we've just moved into new offices in sf and ny, we're growing quickly, and we're going to need some help -- reach out at hello@blend.com.