Blend Labs Inc

NYSE BLND

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Blend Labs Inc Gross Profit for the year ending December 31, 2023: USD 81.14 M

Blend Labs Inc Gross Profit is USD 81.14 M for the year ending December 31, 2023, a -9.50% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • Blend Labs Inc Gross Profit for the year ending December 31, 2022 was USD 89.65 M, a -22.71% change year over year.
  • Blend Labs Inc Gross Profit for the year ending December 31, 2021 was USD 115.99 M, a 87.87% change year over year.
  • Blend Labs Inc Gross Profit for the year ending December 31, 2020 was USD 61.74 M, a 98.37% change year over year.
  • Blend Labs Inc Gross Profit for the year ending December 31, 2019 was USD 31.12 M.
NYSE: BLND

Blend Labs Inc

CEO Mr. Nima Ghamsari
IPO Date July 16, 2021
Location United States
Headquarters 415 Kearny Street, San Francisco, CA, United States, 94108
Employees 881
Sector Technology
Industry Software - application
Description

Blend Labs, Inc. engages in the provision of cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. It also offers verification components to automate confirmation tasks that are needed to underwrite a loan or approve the opening of a new deposit account; decisioning components to reduce the need for human intervention by automatically applying business rules throughout an application workflow configured by a financial services firm; workflow intelligence components to manage data collection and automate tasks throughout the loan origination process; and marketplace components to enable consumers to shop for products and services presented at the precise moment of need during an application for a loan. In addition, the company, through its subsidiary, offers title search procedures for title insurance policies, escrow, and other closing and settlement services, as well as other trustee services; and provides professional and consulting services. It serves banks, credit unions, fintechs, and non-bank mortgage lenders. The company was incorporated in 2012 and is headquartered in San Francisco, California.

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StockViz Staff

September 20, 2024

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