BLND Earnings Prediction
The chart below shows how BLND performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BLND sees a +0.96% change in stock price 10 days leading up to the earnings, and a +4.44% change 10 days following the report. On the earnings day itself, the stock moves by +0.45%. This data can give you a slight idea of what to expect for the next quarter's release.
BLND Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
45.18M
11.32%
11.62%
Gross Margin
57.53%
5.85%
7.43%
Operating Margin
-15.83%
-76.27%
-51.20%
Net Margin
-5.81%
-94.36%
-87.89%
EPS
-0.03
-83.33%
-66.67%
No Data Available
BLND Earnings Analysis
Blend Labs, Inc. Corporation (BLND.N) Earnings Conference Call
Positive
First Positive Operating Income: This quarter marks our first positive non-GAAP operating income quarter as a public company.
Q3 Revenue Exceeds Guidance: We reported total company revenues in the third quarter were $45.2 million ahead of the high end of our guidance and representing an 11% year-over-year growth.
Platform Revenue Exceeds Guidance: We reported platform revenue of $33.1 million which exceeded the high end of our guidance by 7% and grew 16% year-over-year.
Mortgage Suite Revenue Growth: Our mortgage suite revenue was $21.5 million representing a 6% year-over-year growth and a 17% sequential growth, in line with the expectation we shared in our last call that industry originations will be higher in the third quarter.
Consumer Banking Revenue Surge: In Consumer Banking, revenue grew 54% year-over-year to a total of $9.5 million.
Negative
Revenue Growth Slowdown: Total company revenues in the third quarter were $45.2 million, which is below the high end of guidance and represents an 11% year-over-year growth, indicating a slowdown in revenue growth.
Platform Revenue Performance: We reported platform revenue of $33.1 million, which exceeded the high end of our guidance by 7% but still reflects a 16% year-over-year growth, suggesting challenges in maintaining growth momentum.
Mortgage Suite Revenue Growth: Our mortgage suite revenue was $21.5 million, representing a 6% year-over-year growth and a 17% sequential growth, indicating potential volatility in the mortgage segment.
Free Cash Flow Improvement: Free cash flow for the quarter was negative $1.4 million, which is an improvement from negative $25.9 million in the same quarter last year, but still reflects ongoing cash flow challenges.
Gross Profit Decline: Our total company non-GAAP gross profit was $26.3 million, which is a decrease compared to $38.2 million in the previous year, highlighting a significant decline in profitability.
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BLND Earning Call Sentiment
Blend Labs, Inc. (BLND) Q3 2024 Earnings Call Transcript
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BLND.N
-5.82%Positive
The earnings call reflects strong financial performance, with significant revenue growth, improved margins, and positive cash flow trends. The Q&A section indicates a positive sentiment towards consumer banking growth and product differentiation. Despite some vagueness in management's responses about specific strategies, the overall outlook is optimistic with anticipated revenue growth and strategic expansions. The share repurchase program further boosts confidence. Thus, the stock price is likely to see a positive movement in the next two weeks.
