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Blend Labs Inc - Class A

$3.28

Earnings Summary

Revenue
$71.52Mn
Net Profits
$-72.1Mn
Net Profit Margins
-100.81%

Highlights

Revenue:

Blend Labs Inc - Class A’s revenue jumped 124.39% since last year same period to $71.52Mn in the Q1 2022. On a quarterly growth basis, Blend Labs Inc - Class A has generated -11.69% fall in its revenue since last 3-months.

Net Profits:

Blend Labs Inc - Class A’s net profit fell -166.39% since last year same period to $-72.1Mn in the Q1 2022. On a quarterly growth basis, Blend Labs Inc - Class A has generated 1.39% jump in its net profits since last 3-months.

Net Profit Margins:

Blend Labs Inc - Class A’s net profit margin fell -18.72% since last year same period to -100.81% in the Q1 2022. On a quarterly growth basis, Blend Labs Inc - Class A has generated -11.67% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Blend Labs Inc - Class A post its latest quarter earnings

EPS Estimate Current Quarter
-0.19
EPS Estimate Current Year
-0.19

Highlights

EPS Estimate Current Quarter:

Blend Labs Inc - Class A’s earning per share (EPS) estimates for the current quarter stand at -0.19 - a 0% jump from last quarter’s estimates.

EPS Estimate Current Year:

Blend Labs Inc - Class A’s earning per share (EPS) estimates for the current year stand at -0.19.

Key Ratios

Key ratios of the Blend Labs Inc - Class A post its Q1 2022 earnings

Return on Assets (ROA)
-0.18
Return on Equity (ROE)
-0.35
Dividend Per Share (DPS)
0

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Blend Labs Inc - Class A’s return on assets (ROA) stands at -0.18.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Blend Labs Inc - Class A’s return on equity (ROE) stands at -0.35.

Dividend Per Share (DPS):

Blend Labs Inc - Class A declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-13
-0.19
-0.19
0%

Company Information

Blend’s cloud-based software platform is designed to power the end-to-end consumer journey for any banking product from application to close. Its technology is used by Wells Fargo, U.S. Bank, and over 290 other financial services firms to acquire more customers, increase productivity, and deepen relationships. Through its software, Blend enables its customers to process an average of more than $5 billion in loans per day, helping consumers get into homes and gain access to the capital they need to lead better lives.

Organisation
Blend Labs Inc - Class A