Blend Investor Day Presentation Deck
YTD 2023 Highlights
January
Announced $100 million in
annualized run rate savings
program
March
Marketwise reports a
40% increase in ROI on the
Blend Mortgage solution
3 major customers go live
with Blend mortgage in Q1
2023
May
Exceeded first
quarter revenue and
cost guidance
Announced three platform
deals onto Blend Builder,
including an anchor
partnership with Navy
Federal Credit Union
¹GAAP to non-GAAP reconciliation schedules can be found in the appendix to this presentation.
June
PRMG announces 71%
savings with Blend soft
credit functionality
Reported 300bps
of non-GAAP
Software margin
improvement
quarter-over-quarter¹
August
Achieved second quarter
revenue guidance
Announced incremental
$33 million annualized
expense savings and
efficiency program
Realized 50% reduction
in non-GAAP net
operating loss¹ 2
quarters ahead of plan
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