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Sep 30, 2021
Blend Q3 2021 Earnings Report
Blend Platform segment achieved strong revenue growth, driven by high retention, deepening of customer relationships, and new logo wins.
Key Takeaways
Blend's total revenue for Q3 2021 was $89.6 million. The Blend Platform segment experienced a 26% year-over-year revenue increase, while the company raised its full-year 2021 revenue guidance midpoint by $13 million.
Total revenue was $89.6 million, net of $4.2 million of underwriter commissions related to Title365.
Blend Platform segment revenue was $35.1 million, up 26% year-over-year and 9% sequentially.
Total banking transaction volume exceeded 525,000, a 24% increase year-over-year.
Title365 segment revenue was $54.5 million, net of $4.2 million of underwriter commissions.
Blend
Blend
Forward Guidance
The company raises full year 2021 revenue guidance midpoint by $13 million.