Company: BLND
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001855747-25-000017
Chunk: 27

Company: Blend Labs, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 27
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 and marketing36,049 60,130 85,248 General and administrative50,557 70,688 139,120 Amortization of acquired intangible assets— — 8,411 Impairment of intangible assets and goodwill— — 449,680 Restructuring7,471 24,948 15,275 Total operating expenses140,164 237,357 835,828 Loss from operations(49,620)(156,222)(746,177)Interest expense(6,747)(30,811)(24,790)Other income (expense), net13,057 7,248 4,916 Loss before income taxes(43,310)(179,785)(766,051)Income tax (expense) benefit(109)(94)2,241 Net loss(43,419)(179,879)(763,810)Less: Net loss attributable to noncontrolling interest74 1,186 43,638 Net loss attributable to Blend Labs, Inc.(43,345)(178,693)(720,172)Less: Accretion of redeemable noncontrolling interest to redemption value(6,259)(6,627)(48,438)Less: Accretion of Series A redeemable convertible preferred stock to redemption value(10,879)— — Net loss attributable to Blend Labs, Inc. common stockholders$(60,483)$(185,320)$(768,610)Net loss per share attributable to Blend Labs, Inc. common stockholders:Basic and diluted$(0.24)$(0.76)$(3.28)Weighted average shares used in calculating net loss per share:Basic and diluted253,921 245,206 234,161 Comprehensive loss:Net loss$(43,419)$(179,879)$(763,810)Unrealized gain (loss) on marketable securities87 1,030 (135)Foreign currency translation  gain74 119 235 Comprehensive loss(43,258)(178,730)(763,710)Less: Comprehensive loss attributable to noncontrolling interest74 1,186 43,638 Comprehensive loss attributable to Blend Labs, Inc.$(43,184)$(177,544)$(720,072)

See accompanying notes to consolidated financial statements

77

Blend Labs, Inc.

Consolidated Statements of Redeemable Noncontrolling Interest, Series A Rede