Blend Announces First Quarter 2024 Financial Results
Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2024 financial results.
- Blend Labs, Inc. (NYSE:BLND), a leader in cloud banking software, today announced its first quarter 2024 financial results.
- “Blend continued to grow our customer base and product suite in the first quarter.
- Blend significantly improved its cash burn, resulting in unlevered free cash flow for the quarter of $(1.3) million compared to $(14.4) million in the previous quarter and $(40.0) million in the comparative quarter in the prior year.
- Blend is providing guidance for the second quarter of 2024 as follows: