Company: BLND
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001855747-25-000041
Chunk: 324

Company: Blend Labs, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 324
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We were founded in 2012 and have previously experienced periods of rapid growth, but due primarily to macroeconomic factors, including an unfavorable interest rate environment, decreased housing affordability, and uncertain worldwide political and economic conditions, our growth rate and revenue have fluctuated in recent periods and our historical revenue growth rate and financial performance may not be indicative of our future performance. We believe that future growth of our revenue depends on a number of factors, including our ability to price our products and services effectively so that we are able to attract and retain customers without compromising our profitability, increase our existing customers’ use of our solutions, and provide our customers with excellent support. However, we are also impacted by macroeconomic factors over which we have no control, which have adversely impacted our business in recent periods. 

Additionally, our limited operating history may make it difficult to make accurate predictions about our future performance. Assessing our business and future prospects may also be difficult because of the risks and difficulties we face. These risks and difficulties include our ability to: 

•accurately forecast the impact of macroeconomic or other external factors on our business, including the timing and extent of such impacts;

•accurately forecast our revenue and plan or adjust our operating expenses in light of fluctuations in our revenue;

•appropriately adjust our operating expenses in line with our revenue and that adequately supports our operations and future growth;

•develop a scalable, high-performance technology infrastructure that can efficiently and reliably handle increased usage, as well as the deployment of new features and services;

•maintain and increase the volume of transactions enabled through our platform;

•enter into new and maintain existing customer relationships;

•successfully identify, negotiate, execute, and integrate acquisitions or partnerships;

•successfully compete with current and future competitors;

•successfully build our brand and protect our reputation from negative publicity;

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•increase the effectiveness of our marketing strategies;

•successfully adjust our proprietary technology, products, and services in a timely manner in response to changing macroeconomic conditions and fluctuations in the credit market;

•enter into new and maintain existing ecosystem partnerships;

•successfully introduce and integrate new products and services and enter new markets and geographies;

•adapt to rapidly evolving trends in the ways customers and consumers interact with technology;

•comply with and successfully adapt to complex and evolving regulatory environments;

•protect against fraud and online theft;

•avoid interruptions or disruptions in our service;

•effectively secure and maintain the confidentiality of the information received, accessed, stored, provided, and used across our systems;

•successfully obtain and maintain funding and liquidity