Blend Labs (BLND) reported breakeven Q4 non-GAAP results late Tuesday, unchanged from a year earlier.

Four analysts polled by FactSet expected breakeven.

Revenue in the three months ended Dec. 31 rose to $32.4 million from $30.1 million a year earlier.

Analysts surveyed by FactSet projected $31.8 million.

The company expects Q1 revenue of $28.5 million to $30 million. Analysts project $31.5 million.

Blend Labs also authorized a $50 million share-repurchase program for its Class A common stock.

The company's shares rose 4.3% in after-hours trading.