Mortgage and banking tech provider reports a $41.8 million Q3 net loss with revenue down 27 percent from a year ago to $40.59 million, but company executives emphasize potential for growth.
Source: Inman News
Blend now focused on growth in quest to return to profitability
Published in blend, earnings report, Industry News, Mortgage, Nima Ghamsari, Q3 earnings and Technology
More from blendMore posts in blend »
More from earnings reportMore posts in earnings report »
- Zillow ignores ‘noise,’ jabs from CoStar, as revenue climbs
- Offerpad sees declining revenue, but trims losses during Q2
- Q1 not so bad after all, nCino says in surprise sneak peek at earnings
- Compass grew virtually every metric that matters in Q1
- Opendoor saw rising losses in Q4, but managed to boost revenue
More from Industry NewsMore posts in Industry News »
More from MortgageMore posts in Mortgage »
- Bayview merger positions Guild Mortgage for refinancing boom
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Homebuyers came out in force last week, and rates are trending down
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- Realtor who tipped Pulte to Schiff loans now a witness [EXCLUSIVE]
More from Nima GhamsariMore posts in Nima Ghamsari »
- Blend Labs embraces Doma’s ‘instant title decisioning’ solution
- Covius inks agreement to acquire Blend’s Title365 business
- Blend seeks to sell Title365 as mortgage revenue shrinks in Q1
- Consumer banking helps Blend weather 2024 mortgage doldrums
- Blend Labs will power originations, closings for PHH Mortgage
More from Q3 earningsMore posts in Q3 earnings »
- RE/MAX revenue declined 3.4%, US agents continue to depart in Q3
- Mr. Cooper back online after ‘precautionary’ 4-day shutdown
- Fathom Realty continues to grow agent count with rebound in sight
- Weathering the storm: A Q3 2023 earnings roundup
- Tough times for mortgage lenders? UWM hired 1,000 employees in Q3
More from TechnologyMore posts in Technology »
- Future-proof your digital footprint for 2026 (and beyond)
- Zillow’s SkyTour uses complex 3D tech to simplify home search
- In crowded virtual staging category, Collov AI offers ease, affordability: Tech Review
- The IDX lie agents still believe: 5 common misconceptions about real estate websites
- DR Horton gets into AI mortgage tech with Tidalwave stake
Be First to Comment