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

Company: Blend Labs, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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 dividends as if all earnings for the period had been distributed.

22

Blend Labs, Inc.Notes to Condensed Consolidated Financial Statements(Unaudited)

Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of stock outstanding during the period, adjusted for options early exercised and subject to repurchase.Diluted loss per share reflects the potential dilution that could occur if securities, including awards issued under the Company’s equity compensation plans or other contracts to issue common stock, were exercised or converted into common stock or resulted in the issuance of common stock (net of any assumed repurchases) that then shared in the earnings of the Company. During the periods of net losses, the net loss is reduced for amounts allocated to participating securities only if the security has a right to participate in the earnings of the entity and an objectively determinable contractual obligation to share in the net losses of the entity. The Company’s participating securities are not allocated any share of the net loss, as the participating securities do not have a contractual obligation to share in the net losses of the Company. Diluted net loss per share attributable to the Company is computed by dividing the net loss attributable to common stockholders by the weighted average number of fully diluted common shares outstanding.The following table presents the calculation of basic and diluted net loss per share for Class A and Class B common stock. No shares of Class C common stock were issued and outstanding during the periods presented.Three Months Ended March 31,20252024Class ACommonClass BCommonClass ACommonClass BCommon(In thousands, except per share data)Numerator:Loss from continuing operations$(6,513)$(96)$(19,919)$(790)Less: Accretion of Series A Preferred Stock to redemption value(4,141)(61)— — Net loss attributable to Blend Labs, Inc common stockholders from continuing operations(10,654)(157)(19,919)(790)Net (loss) income from discontinued operations(2,762)(41)44 2 Less: Accretion of RNCI to redemption value from discontinued operations(1,236)(18)(1,405)(56)Less: Net loss (income) attributable to noncontrolling interest included in discontinued operations179 3 (5)— Net loss attributable to Blend Labs, Inc common stockholders from discontinued operations(3,819)(56)(1,366)(54)Net loss attributable to Blend Labs, Inc common stock