Company: BLND
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001855747-25-000041
Chunk: 225

Company: Blend Labs, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 4
Chunk 225
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 not perform in accordance with our expectations, the customers and consumers that utilize our platform may forego the use of our services in favor of those of our competitors, and our business, financial condition, and results of operations could be adversely affected.

Our results of operations have fluctuated from period to period, which has caused the market price of our Class A common stock to fluctuate. 

Our results of operations have historically varied from period to period, and we expect that our results of operations will continue to vary significantly from quarter to quarter and year to year because of a variety of factors, many of which are outside of our control and difficult to predict. As a result, you should not rely upon our historical results of operations as indicators of future performance. Numerous factors can influence our results of operations, including:

•our ability to attract and retain customers in a cost-effective manner;

•our ability to maintain or increase loan volumes, transactions processed, platform utilization, and title orders closed, and improve loan mix;

•our ability to successfully expand in existing markets and successfully enter new markets;

•changes in financial services firm behavior with respect to cloud-based software products and solutions;

•the amount and timing of operating expenses related to maintaining and expanding our business, operations, and infrastructure, including acquiring new and maintaining existing customers;

•our restructuring actions and the timing of incurring expenses and cash expenditures related to such actions;

•our ability to successfully identify, negotiate, execute, and integrate strategic acquisitions or partnerships; 

•the mix of revenue we generate from our products and our marketplace;

•the timing and success of new products and services;

•the impact of worldwide economic conditions, including economic slowdowns as a result of the imposition of tariffs or other impacts on trade relations, changes in market interest rates, recessions, housing affordability, and tightening of credit markets, including due to the war in Ukraine and the conflict in the Middle East;

•the seasonality of our business;

•our ability to maintain an adequate rate of growth and effectively manage that growth;

•our ability to keep pace with technology changes in our industry;

•the success of our sales and marketing efforts;

•the effects of negative publicity on our business, reputation, or brand;

•our ability to protect, maintain, and enforce our intellectual property;

•costs associated with defending claims, including intellectual property infringement claims, and related judgments or settlements;

•changes in governmental or other regulations, including state and federal banking laws and regulations or in federal monetary policies, affecting our business;

•interruptions