Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 446

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 446
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 stock were issued and outstanding during the periods presented.

23

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

Three Months Ended June 30,20252024Class ACommonClass BCommonClass ACommonClass BCommon(In thousands, except per share data)Numerator:Loss from continuing operations$(3,595)$(52)$(18,597)$(602)Less: Accretion of Series A Preferred Stock to redemption value(4,313)(63)(2,577)(83)Net loss attributable to Blend Labs, Inc common stockholders from continuing operations(7,908)(115)(21,174)(685)Net (loss) income from discontinued operations(2,955)(43)(216)(7)Less: Accretion of RNCI to redemption value from discontinued operations— — (1,479)(48)Less: Net loss (income) attributable to noncontrolling interest included in discontinued operations— — 14 — Net loss attributable to Blend Labs, Inc common stockholders from discontinued operations(2,955)(43)(1,681)(55)Net loss attributable to Blend Labs, Inc common stockholders$(10,863)$(158)$(22,855)$(740)Denominator:Weighted average common stock outstanding, basic and diluted255,484 3,727 245,135 7,934 Net loss per share from continuing operationsBasic and diluted$(0.03)$(0.03)$(0.09)$(0.09)Net loss per share from discontinued operationsBasic and diluted$(0.01)$(0.01)$0.00 $0.00 Net loss per share attributable to Blend Labs, Inc.:Basic and diluted$(0.04)$(0.04)$(0.09)$(0.09)

24

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

Six Months Ended June 30,20252024Class ACommonClass BCommonClass ACommonClass BCommon(In thousands, except per share data)Numerator:Loss from continuing operations$(10,109)$(147)$(38,522)$(1,386)Less: Accretion of Series A Preferred Stock to redemption value(8,455)(123)(2,569)(92)Net loss attributable to Blend Labs, Inc common stockholders from continuing operations(18,564)(270)(41,