Blend Labs, Inc. (BLND) Q3 2024 Earnings Call Transcript

Blend Labs, Inc. (NYSE:BLND) Q3 2024 Results Conference Call November 6, 2024 4:30 PM ET

Company Participants

Winnie Ling - Head-Legal and People
Nima Ghamsari - Co-Founder and Head-Blend
Amir Jafari - Head-Finance and Administration

Conference Call Participants

Seth Gilbert - UBS
Dylan Becker - William Blair
David Unger - Wells Fargo
Ryan Tomasello - KBW

Operator

Thank you for standing by. My name is Jeannie, and I will be your conference operator today. At this time, I would like to welcome everyone to The Blend’s Livestream. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the conference over to Winnie Ling. You may begin.

Winnie Ling

Good afternoon and welcome to Blend's third quarter 2024 earnings conference call. My name is Winnie Ling, and I'm the Head of Legal and People for the company. Joining us Nima Ghamsari, Co-Founder and Head of Blend; and Amir Jafari, our Head of Finance and Administration. After Nima and Amir deliver their prepared remarks, we'll open up the call for questions. You can find the supplemental slides on our Investor Relations webpage at investors.blend.com.

During the call, we'll refer to certain non-GAAP measures that are reconciled to GAAP results in today's earnings release and in the appendix to our supplemental slides. Non-GAAP measures are not intended to be a substitute for GAAP results. Unless otherwise stated, all financial measures we discuss today, including our profitability, refer to non-GAAP.

Also, certain statements made during today's conference call regarding Blend and its operations, in particular, its guidance for the fourth quarter of 2024, may be considered forward-looking statements under federal securities laws. The company cautions you that forward-looking statements involve substantial risks and uncertainties and a number