In Q2 2023, Blend reported a non-GAAP net loss of $22.7 million in the second quarter, narrowing its financial loss compared to a non-GAAP net loss of $35.6 million in Q1 and non-GAAP net loss of $45.1 million in Q2 2022.
By focusing on cutting costs and prioritizing the Blend Builder platform, executives believe the firm can reach its non-GAAP profitability goal by 2024.
In April, Blend received notice from the New York Stock Exchange (NYSE) that it was not in compliance with the stock exchange’s bylaws, which state that a company could be
To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. And it is putting its new cloud-based Blend Builder platform front and center.
On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day.
Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help details ⇒
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