Blend ended the quarter with $44.9 million in cash, cash equivalents and marketable securities and no debt. Mortgage and Consumer Banking Results“The second quarter was another disciplined, profitable quarter for Blend,” Co-founder and Head of Blend Nima Ghamsari said during the company’s earnings call. Consumer Banking Suite revenue increased 6% from a year earlier to $12.2 million, while Professional Services revenue was $2.4 million. Blend also repurchased 11 million shares at an average price of $1.65 per share during the quarter. Ream said investors should remain cautious about incorporating Autopilot revenue into models until more customers progress through the sales and deployment funnel.