Consolidated revenue of $71.5 million includes solid Blend Platform growth in declining U.S. mortgage market

Blend maintains 2022 revenue outlook

Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2022 financial results.

“Blend’s first quarter reflects our growing mortgage banking market share in a challenging originations environment as well as strong growth in Consumer Banking & Marketplace revenue,” said Nima Ghamsari, Head of Blend. “We are excited to see more customers adopting our newer software solutions such as Blend Close and Blend Income Verification. This is an important indicator of Blend’s future growth as U.S. financial institutions increase the pace of digital transformation in their banking operations.

“While our first quarter results were better than expected, in part due to higher than expected mortgage refinance activity in March, we are at the same time mindful of the current economic and interest rate environment. We are now anticipating a more pronounced decline of approximately 41% in 2022 mortgage origination volumes against 2021, compared to a 35% decline predicted at the end of March. Balancing these factors, we are maintaining our full year revenue outlook, which reflects our current expectations that Blend Mortgage Banking will continue to grow market share and outperform the decline in industry origination volumes, while Consumer Banking & Marketplace revenue is expected to double year-over-year.

“Against this backdrop, we are also engaged in a comprehensive analysis of our cost structure, with a focus on prudent capital allocation without sacrificing investment in critical new products that further grow our platform.”

Financial Highlights

  • Consolidated revenue of $71.5 million
  • 1Q22 Blend Platform segment revenue of $32.8 million, up $0.9 million, or 3% year-over-year
  • Within Blend Platform, 1Q22 Consumer Banking and Marketplace revenue of $7.2 million, up 55% from $4.6 million in the prior-year period, led by increasing adoption of Blend Close and Blend Income Verification
  • 1Q22 Mortgage Banking revenue of $24.5 million, down by approximately $2.0 million, or 7% year-over-year, against an estimated 44% decline in U.S. mortgage origination volumes in the same period
  • Title365 segment revenue of $38.7 million

First Quarter Customer and Product Achievements

  • Expanded our total customer base by 8 new accounts, for a total of 351 customers
  • Increased adoption of our Consumer Banking offerings, with approximately one-third of our total customer base on one or more of these products
  • Grew total consumer banking transactions by more than 100,000 transactions year-on-year to approximately 155,000 in Q1 2022
  • Approximately two-thirds of our total customer base now use two or more of our software products

First Quarter Financial Summary

First quarter revenue was $71.5 million, up $39.6 million, or 124%, year-over-year, driven by an increase of $38.7 million due to the inclusion of revenue from Title365 and an increase in Blend Platform revenue of $0.9 million, or 3%. First quarter Blend Platform revenue reflected the lower volume of mortgage banking transactions with our customers compared with the prior-year quarter, partially offset by an increased estimated share of funded loan transactions.

Consumer Banking and Marketplace revenue increased $2.5 million, or 55%, primarily due to an increase in the volume of transactions related to our integrated software solutions outside of mortgage, including ancillary products and marketplace offerings. Professional Services revenue increased by $0.3 million or 42%, primarily due to an increase in professional services associated with the deployment of our platform. Mortgage Banking revenue decreased by approximately $2.0 million, or 7%, primarily due to an industry wide decrease in mortgage loan origination volumes.

First quarter cost of revenue was $42.7 million, up $31.8 million, or 293% year-over-year, driven by an increase of $28.5 million due to the inclusion of costs associated with the operations of Title365, and an increase in Blend Platform cost of revenue of $3.3 million, or 31%.

First quarter GAAP gross profit was $28.9 million, up $7.9 million, or 37% year-over-year. Current-period gross profit includes $18.6 million attributable to Blend Platform and $10.3 million to Title365.

First quarter non-GAAP gross profit was $29.4 million, up $8.3 million, or 39% year-over-year. Current-period non-GAAP gross profit includes $19.0 million attributable to Blend Platform and $10.4 million to Title365.

GAAP loss from operations was $69.7 million for the first quarter of 2022, compared to $27.2 million in the first quarter of 2021.

Non-GAAP loss from operations was $39.5 million for the first quarter of 2022, compared to $18.8 million in the first quarter of 2021.

Liquidity and Capital Resources

At March 31, 2022, the Company had cash, cash equivalents, and marketable securities of $499.4 million, with total debt outstanding of $225.0 million on the Company’s five-year term loan. Blend’s $25.0 million revolving line of credit remains undrawn.

Full Year 2022 Revenue Guidance

Blend today reaffirmed its 2022 revenue guidance as follows:

$ in millions

Blend Platform

Title365

Blend Labs, Inc. (Consolidated)

Full Year 2022 Revenue Guidance

$140-150

$90-100

$230-250

Blend 2022 revenue guidance reflects the following:

  • Our updated expectations that U.S. mortgage market origination volumes will decline by approximately 41% from their 2021 level
  • 2022 Blend Platform segment revenue growth includes:
    • High-single to low-double digit decline in full year Mortgage Banking revenue from full year 2021 levels, as market share growth mitigates industry volume declines.
    • Over 100% growth in Consumer Banking and Marketplace revenue, including the expected transition of revenue from the Title365 segment to the Blend Platform segment, as customers transition to the Blend Title solution (a component of Consumer Banking and Marketplace revenue). This transition is anticipated to commence in mid-2022.

Webcast Information

On Thursday, May 12, 2022 at 5:00 pm ET, Blend will host a live discussion of its first quarter 2022 financial results. A link to the live discussion will be made available on the Company's investor relations website at https://investor.blend.com. A replay will also be made available following the discussion at the same website.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, quotations of management, outlook for 2022 and the “Full Year 2022 GAAP Revenue Guidance” sections above, expectations of future results of operations or financial performance of Blend Labs, Inc. (“Blend,” the “Company,” “we,” “us,” or similar terms), market size and growth opportunities, macroeconomic and industry conditions, capital expenditures, plans for future operations, competitive position, technological capabilities, strategic relationships, Blend’s opportunity to increase market share and penetration in its existing customers, projections for a sharp decrease in mortgage loan origination volumes, Blend’s ability to create long-term value for our customers, Blend’s expectations for revenue growth, and Blend’s expectations of migration of the Title365 legacy business to Blend’s software-enabled platform, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “would,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other comparable terminology that concern Blend’s expectations, strategy, plans or intentions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which such performance or results will be achieved, if at all.

Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include the possibility that: we fail to retain our existing customers or to acquire new customers in a cost-effective manner; our customers fail to maintain their utilization of our products and services; our relationships with any of our key customers were to be terminated or the level of business with them significantly reduced over time; we are unable to compete in highly competitive markets; we are unable to manage our growth; we are unable to make accurate predictions about our future performance due to our limited operating history in an evolving industry; we are unable to successfully integrate or realize the benefits of our acquisition of Title365; or changes in market interest rates adversely affect our business. Further information on these risks and other factors that could affect our financial results are set forth in our filings with the Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2021, and our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022 that will be filed following this press release. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. These factors could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. Except as required by law, Blend does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

About Non-GAAP Financial Measures and Other Key Metrics

In addition to financial measures prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), this press release and the accompanying tables contain, and the conference call will contain, non-GAAP financial measures, including non-GAAP gross profit, non-GAAP operating expenses, non-GAAP loss from operations, and non-GAAP net loss. These non-GAAP financial measures adjust the related GAAP financial measures to exclude non-cash stock-based compensation and warrant amortization expense, amortization of acquired intangible assets, non-recurring acquisition-related costs, and non-recurring income tax expenses or benefits related to acquisitions. Our management uses these non-GAAP financial measures internally in analyzing our financial results and believes they are useful to investors, as a supplement to the corresponding GAAP financial measures, in evaluating our ongoing operational performance and trends, in allowing for greater transparency with respect to measures used by our management in their financial and operational decision making, and in comparing our results of operations with other companies in the same industry, many of which present similar non-GAAP financial measures to help investors understand the operational performance of their businesses. However, it is important to note that the particular items we exclude from, or include in, our non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry. In addition, other companies may utilize metrics that are not similar to ours.

The non-GAAP financial information is presented for supplemental informational purposes only and is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. There are material limitations associated with the use of non-GAAP financial measures since they exclude significant expenses and income that are required by GAAP to be recorded in our financial statements. Please see the reconciliation tables at the end of this release for the reconciliation of GAAP and non-GAAP results. Management encourages investors and others to review Blend’s financial information in its entirety and not rely on a single financial measure.

We adjust the following items from our non-GAAP financial measures:

Stock-based compensation and amortization of warrant. We exclude stock-based compensation and amortization of warrant, which are non-cash expenses, from our non-GAAP financial measures because we believe that excluding these items provides meaningful supplemental information regarding operational performance. In particular, companies calculate stock-based compensation expense using a variety of valuation methodologies and subjective assumptions, and expense related to stock-based awards can vary significantly based on the timing, size and nature of awards granted.

Amortization of acquired intangible assets. We exclude amortization of acquired intangible assets, which is a non-cash expense, from our non-GAAP financial measures. We exclude these amortization expenses because we do not believe these expenses have a direct correlation to the operation of our business.

Acquisition-related costs. We exclude costs related to acquisitions from our non-GAAP financial measures as we do not consider these costs to be related to organic continuing operations of the acquired business or relevant to assessing the long-term performance of the acquired assets. These adjustments allow for more accurate comparisons of the financial results to historical operations and forward looking guidance. These costs include financial advisory, legal, accounting and other transactional costs incurred in connection with acquisition activities, and non-recurring transition and integration costs.

Income taxes. We exclude non-cash non-recurring tax benefits from our non-GAAP financial measures. These tax benefits consist of the changes in the valuation allowance resulting from acquisitions and from changes in U.S. tax law requiring capitalization and amortization of research and development costs for tax purposes.

About Blend

Blend is the infrastructure powering the future of banking. Financial providers — from large banks, fintechs, and credit unions to community and independent mortgage banks — use Blend’s platform to transform banking experiences for their customers. Blend powers billions of dollars in financial transactions every day. To learn more, visit www.blend.com.

Blend Labs, Inc.

Condensed Consolidated Balance Sheets

(In thousands, except per share amounts)

(Unaudited)

 

 

March 31, 2022

 

December 31, 2021

Assets

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

167,666

 

 

$

213,082

 

Marketable securities

 

331,714

 

 

 

334,147

 

Trade and other receivables, net of allowance for credit losses of $1,669 and $1,371, respectively

 

33,621

 

 

 

34,076

 

Prepaid expenses and other current assets

 

27,825

 

 

 

31,713

 

Total current assets

 

560,826

 

 

 

613,018

 

Property and equipment, net

 

5,895

 

 

 

6,155

 

Operating lease right-of-use assets

 

14,245

 

 

 

14,713

 

Intangible assets, net

 

168,935

 

 

 

173,008

 

Goodwill

 

287,228

 

 

 

287,228

 

Deferred contract costs

 

3,326

 

 

 

4,178

 

Restricted cash, non-current

 

5,358

 

 

 

5,358

 

Other non-current assets

 

8,617

 

 

 

8,828

 

Total assets

$

1,054,430

 

 

$

1,112,486

 

Liabilities, Redeemable Noncontrolling Interest and Stockholders’ Equity

 

 

 

Current liabilities:

 

 

 

Accounts payable

$

2,116

 

 

$

6,160

 

Deferred revenue

 

14,172

 

 

 

8,068

 

Accrued compensation

 

13,489

 

 

 

18,140

 

Other current liabilities

 

24,264

 

 

 

27,662

 

Total current liabilities

 

54,041

 

 

 

60,030

 

Operating lease liabilities, non-current

 

13,684

 

 

 

14,607

 

Other non-current liabilities

 

8,127

 

 

 

13,415

 

Debt, non-current, net

 

214,527

 

 

 

213,843

 

Total liabilities

 

290,379

 

 

 

301,895

 

Commitments and contingencies

 

 

 

Redeemable noncontrolling interest

 

37,077

 

 

 

35,949

 

Stockholders’ equity:

 

 

 

Preferred stock, $0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of March 31, 2022 and December 31, 2021

 

 

 

 

 

Class A, Class B and Class C Common Stock, $0.00001 par value: 3,000,000 (Class A 1,800,000, Class B 600,000, Class C 600,000) shares authorized; 232,400 (Class A 219,767, Class B 12,633, Class C 0) and 230,324 (Class A 217,691, Class B 12,633, Class C 0) shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively

 

2

 

 

 

2

 

Additional paid-in capital

 

1,244,466

 

 

 

1,218,213

 

Accumulated other comprehensive loss

 

(2,625

)

 

 

(808

)

Accumulated deficit

 

(514,869

)

 

 

(442,765

)

Total stockholders’ equity

 

726,974

 

 

 

774,642

 

Total liabilities, redeemable noncontrolling interest and stockholders’ equity

$

1,054,430

 

 

$

1,112,486

 

Blend Labs, Inc.

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(In thousands, except per share amounts)

(Unaudited)

 

 

Three Months Ended March 31,

 

2022

 

2021

Revenue

$

71,524

 

 

$

31,875

 

Cost of revenue

 

42,655

 

 

 

10,860

 

Gross profit

 

28,869

 

 

 

21,015

 

Operating expenses:

 

 

 

Research and development

 

35,106

 

 

 

17,074

 

Sales and marketing

 

22,341

 

 

 

15,865

 

General and administrative

 

37,102

 

 

 

15,283

 

Amortization of acquired intangible assets

 

4,068

 

 

 

 

Total operating expenses

 

98,617

 

 

 

48,222

 

Loss from operations

 

(69,748

)

 

 

(27,207

)

Interest expense

 

(5,558

)

 

 

 

Other income (expense), net

 

91

 

 

 

150

 

Loss before income taxes

 

(75,215

)

 

 

(27,057

)

Income tax benefit (expense)

 

2,797

 

 

 

(10

)

Net loss

 

(72,418

)

 

 

(27,067

)

Less: Net loss attributable to noncontrolling interest

 

314

 

 

 

 

Net loss attributable to Blend Labs, Inc.

 

(72,104

)

 

 

(27,067

)

Less: Accretion of redeemable noncontrolling interest to redemption value

 

(1,442

)

 

 

 

Net loss attributable to Blend Labs, Inc. common stockholders

$

(73,546

)

 

$

(27,067

)

 

 

 

 

Net loss per share attributable to Blend Labs, Inc. common stockholders:

 

 

 

Basic and diluted

$

(0.32

)

 

$

(0.60

)

Weighted average shares used in calculating net loss per share:

 

 

 

Basic and diluted

 

230,329

 

 

 

45,090

 

 

 

 

 

Comprehensive loss:

 

 

 

Net loss

$

(72,418

)

 

$

(27,067

)

Unrealized (loss) gain on marketable securities

 

(1,845

)

 

 

15

 

Foreign currency translation gain

 

28

 

 

 

 

Comprehensive loss

 

(74,235

)

 

 

(27,052

)

Less: Comprehensive loss attributable to noncontrolling interest

 

314

 

 

 

 

Comprehensive loss attributable to Blend Labs, Inc.

$

(73,921

)

 

$

(27,052

)

Blend Labs, Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

 

 

Three Months Ended March 31,

 

2022

 

2021

Operating activities

 

 

 

Net loss

$

(72,418

)

 

$

(27,067

)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

Stock-based compensation

 

24,312

 

 

 

4,016

 

Depreciation and amortization

 

4,601

 

 

 

823

 

Amortization of deferred contract costs

 

1,244

 

 

 

1,319

 

Amortization of debt discount and issuance costs

 

709

 

 

 

 

Amortization of operating lease right-of-use assets

 

785

 

 

 

593

 

Release of valuation allowance and change in deferred taxes

 

(2,864

)

 

 

 

Other

 

1,049

 

 

 

481

 

Changes in operating assets and liabilities:

 

 

 

Trade and other receivables

 

409

 

 

 

133

 

Prepaid expenses and other assets, current and non-current

 

2,830

 

 

 

(3,728

)

Deferred contract costs, non-current

 

852

 

 

 

858

 

Accounts payable

 

(4,314

)

 

 

509

 

Deferred revenue

 

6,104

 

 

 

777

 

Accrued compensation

 

(4,651

)

 

 

(1,804

)

Operating lease liabilities

 

(958

)

 

 

(665

)

Other liabilities, current and non-current

 

(3,532

)

 

 

3,361

 

Net cash used in operating activities

 

(45,842

)

 

 

(20,394

)

Investing activities

 

 

 

Purchases of marketable securities

 

(30,450

)

 

 

(25,400

)

Maturities of marketable securities

 

30,035

 

 

 

34,850

 

Purchases of property and equipment

 

(268

)

 

 

(302

)

Purchase of other investment

 

 

 

 

(3,000

)

Net cash (used in) provided by investing activities

 

(683

)

 

 

6,148

 

Financing activities

 

 

 

Proceeds from exercises of stock options, including early exercises, net of repurchases

 

1,202

 

 

 

5,750

 

Proceeds from issuance of Convertible Preferred Stock, net of issuance costs

 

 

 

 

309,701

 

Payment of initial public offering costs

 

(121

)

 

 

(158

)

Proceeds from exercises of Convertible Preferred Stock warrants

 

 

 

 

10,172

 

Net cash provided by financing activities

 

1,081

 

 

 

325,465

 

Effect of exchange rates on cash, cash equivalents, and restricted cash

 

28

 

 

 

 

Net (decrease) increase in cash, cash equivalents, and restricted cash

 

(45,416

)

 

 

311,219

 

Cash, cash equivalents, and restricted cash at beginning of period

 

218,440

 

 

 

46,288

 

Cash, cash equivalents, and restricted cash at end of period

$

173,024

 

 

$

357,507

 

Reconciliation of cash, cash equivalents, and restricted cash within the consolidated balance sheets:

 

 

 

Cash and cash equivalents

$

167,666

 

 

$

352,311

 

Restricted cash

 

5,358

 

 

 

5,196

 

Total cash, cash equivalents, and restricted cash

$

173,024

 

 

$

357,507

 

Supplemental disclosure of cash flow information:

 

 

 

Cash paid for income taxes

$

11

 

 

$

25

 

Cash paid for interest

$

4,944

 

 

$

 

Supplemental disclosure of non-cash investing and financing activities:

 

 

 

Vesting of early exercised stock options

$

1,913

 

 

$

157

 

Right-of-use assets obtained in exchange for lease obligations

$

317

 

 

$

 

Accretion of redeemable noncontrolling interest to redemption value

$

1,442

 

 

$

 

Blend Labs, Inc.

Revenue Disaggregation

(In thousands)

(Unaudited)

 

 

Three Months Ended March 31,

 

 

2022

 

2021

 

Blend Platform revenue:

 

 

 

 

 

 

 

YoY change

Mortgage Banking

$

24,484

 

75

%

 

$

26,435

 

83

%

(7

)%

Consumer Banking and Marketplace

 

7,187

 

 

22

%

 

 

4,648

 

 

15

%

55

%

Professional Services

 

1,122

 

 

3

%

 

 

792

 

 

2

%

42

%

Total Blend Platform revenue

 

32,793

 

 

100

%

 

 

31,875

 

 

100

%

3

%

Title365 revenue

 

38,731

 

 

 

 

 

 

 

 

 

Total revenue

$

71,524

 

 

 

 

$

31,875

 

 

 

124

%

Blend Labs, Inc.

Reconciliation of GAAP to non-GAAP Measures

(In thousands)

(Unaudited)

 

 

Three Months Ended March 31, 2022

 

Three Months Ended March 31, 2021

Gross Profit Reconciliation

GAAP Gross Profit

 

Non-GAAP adjustments(1)

 

Non-GAAP gross profit

 

GAAP Gross Profit

 

Non-GAAP adjustments(1)

 

Non-GAAP gross profit

Blend Platform

$

18,591

 

$

371

 

$

18,962

 

$

21,015

 

$

58

 

$

21,073

Title365

 

10,278

 

 

 

122

 

 

 

10,400

 

 

 

 

 

 

 

 

 

 

Total

$

28,869

 

 

$

493

 

 

$

29,362

 

 

$

21,015

 

 

$

58

 

 

$

21,073

 

Blend Labs, Inc.

Reconciliation of GAAP to non-GAAP Measures

(In thousands)

(Unaudited)

 

 

Three Months Ended March 31,

 

2022

 

2021

GAAP operating expenses

$

98,617

 

 

$

48,222

 

Non-GAAP adjustments:

 

 

 

Stock-based compensation(1) and amortization of warrant

 

23,843

 

 

 

4,131

 

Amortization of acquired intangible assets

 

4,068

 

 

 

 

Acquisition-related expenses(2)

 

1,812

 

 

 

4,207

 

Non-GAAP operating expenses

$

68,894

 

 

$

39,884

 

 

 

 

 

GAAP loss from operations

$

(69,748

)

 

$

(27,207

)

Non-GAAP adjustments:

 

 

 

Stock-based compensation(1) and amortization of warrant

 

24,336

 

 

 

4,189

 

Amortization of acquired intangible assets

 

4,068

 

 

 

 

Acquisition-related expenses(2)

 

1,812

 

 

 

4,207

 

Non-GAAP loss from operations

$

(39,532

)

 

$

(18,811

)

 

 

 

 

GAAP net loss

$

(72,418

)

 

$

(27,067

)

Non-GAAP adjustments:

 

 

 

Stock-based compensation(1) and amortization of warrant

 

24,336

 

 

 

4,189

 

Amortization of acquired intangible assets

 

4,068

 

 

 

 

Acquisition-related expenses(2)

 

1,812

 

 

 

4,207

 

Income tax benefit(3)

 

(2,864

)

 

 

 

Non-GAAP net loss

$

(45,066

)

 

$

(18,671

)

 

 

 

 

(1) Stock-based compensation by function:

 

 

 

Cost of revenue

$

493

 

 

$

58

 

Research and development

 

9,866

 

 

 

1,386

 

Sales and marketing

 

2,523

 

 

 

1,373

 

General and administrative

 

11,430

 

 

 

1,199

 

Total

$

24,312

 

 

$

4,016

 

 

 

 

 

(2) Amortization of acquired intangible assets represents non-cash amortization of customer relationships acquired in connection with the Title365 acquisition

(3) Acquisition-related expenses include non-recurring due diligence, transaction and integration costs recorded within general and administrative expenses

(4) Income tax benefit represents the non-recurring release of historical valuation allowance resulting from changes in U.S. tax law requiring capitalization and amortization of research and development costs for tax purposes

 

Investor Relations ir@blend.com

Media Erin Bergamo-Tacy ebergamo-tacy@blend.com

Blend Labs (NYSE:BLND)
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From Jun 2022 to Jul 2022 Click Here for more Blend Labs Charts.
Blend Labs (NYSE:BLND)
Historical Stock Chart
From Jul 2021 to Jul 2022 Click Here for more Blend Labs Charts.