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Blend Labs (BLND)
NYSE:BLND
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 1.42%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in consumer banking and successful new customer acquisitions, alongside strategic partnerships and AI integration. However, challenges such as the decline in mortgage economic value and ongoing macroeconomic pressures were also noted.Company Guidance
During the call, Blend provided guidance for the first quarter of 2025 and full year 2025, emphasizing their confidence despite challenging macroeconomic conditions. The company expects platform revenue to be between $25 million and $27 million for Q1 2025, projecting a 9% year-over-year growth. They anticipate positive free cash flow margin in Q1, exceeding their market normalized rate of 18%. Blend's consumer banking business, which grew 42% in 2024, is expected to continue its momentum with a revised compounded annual growth rate of 40% through 2026. The company also aims to achieve a positive Rule of 40 for their platform segment by the end of 2025, indicating a balance between growth and profitability. These projections are supported by a 50% year-over-year increase in their pipeline, signaling strong potential for sustained growth.Consumer Banking Growth
Consumer banking business grew 42% in 2024, surpassing the 35% target, with Q4 revenue growing 48% year-over-year.
New Customer Acquisitions
Signed multi-year agreements with a top 10 U.S. bank by asset size and PHH Mortgage, expanding the customer base.
Non-GAAP Operating Income Profitability
Achieved a second consecutive quarter of non-GAAP operating income profitability with $5.2 million in Q4.
Pipeline Growth
Pipeline is 50% larger than the previous year, indicating strong potential for sustained growth.
Expansion of Partner Ecosystem
Strategic partnerships with companies like Truework and Covered Insurance Solutions to enhance service offerings and reduce operational costs.
AI Integration
Plans to incorporate AI into platforms to streamline operations and reduce costs, with Srini Venkatramani leading the initiative.
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BLND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $3.51 | $3.13 | -10.83% |
| Nov 06, 2024 | $3.86 | $4.44 | +15.03% |
| Aug 08, 2024 | $2.69 | $3.30 | +22.68% |
| May 08, 2024 | $2.36 | $2.78 | +17.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blend Labs (BLND) report earnings?
Blend Labs (BLND) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Blend Labs (BLND) earnings time?
Blend Labs (BLND) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLND EPS forecast?
BLND EPS forecast for the fiscal quarter 2025 (Q1) is >-0.01.
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