Blend Labs (BLND) Reports In-Line Q1 EPS

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Go back to Blend Labs (BLND) Reports In-Line Q1 EPS

Blend Announces First Quarter 2023 Financial Results

May 9, 2023 4:05 PM EDT

First Quarter Results Exceed Guidance on Mortgage Origination Outperformance; Gross Margins and Operating Performance Improve

SAN FRANCISCO--(BUSINESS WIRE)-- Blend Labs, Inc. (NYSE: BLND), a leader in cloud banking software, today announced its first quarter 2023 financial results.

Blends first quarter results came in ahead of our expectations, led by our strong mortgage customer base, which again outperformed the industry, said Nima Ghamsari, Head of Blend. We made good progress on our three strategic priorities. Our lower cost structure is driving improvements in operating performance. Our focus... More