Company: BLND
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001855747-25-000092
Chunk: 399

Company: Blend Labs, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 399
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ACommonClass BCommon(In thousands, except per share data)Numerator:Income (loss) from continuing operations$2,123 $31 $(39,376)$(1,163)Less: Accretion of Series A Preferred Stock to redemption value(12,949)(187)(6,517)(192)Net loss attributable to Blend Labs, Inc common stockholders from continuing operations(10,826)(156)(45,893)(1,355)Net loss from discontinued operations(5,598)(81)(2,110)(62)Less: Accretion of RNCI to redemption value from discontinued operations(1,236)(18)(4,612)(136)Less: Net loss attributable to noncontrolling interest included in discontinued operations179 3 186 5 Net loss attributable to Blend Labs, Inc common stockholders from discontinued operations(6,655)(96)(6,536)(193)Net loss attributable to Blend Labs, Inc common stockholders$(17,481)$(252)$(52,429)$(1,548)Denominator:Weighted average common stock outstanding, basic and diluted255,528 3,700 245,719 7,258 Net loss per share from continuing operationsBasic and diluted$(0.04)$(0.04)$(0.19)$(0.19)Net loss per share from discontinued operationsBasic and diluted$(0.03)$(0.03)$(0.02)$(0.02)Net loss per share attributable to Blend Labs, Inc.:Basic and diluted$(0.07)$(0.07)$(0.21)$(0.21)The dilutive effect of outstanding RSUs and stock options totaling 9,088 shares of potential common stock is reflected in diluted earnings per share by application of the treasury stock method for the three months ended September 30, 2025. The other categories of potential shares of common stock were excluded from the computation of diluted net earnings per share for the three months ended September 30, 2025 because their inclusion would have been anti-dilutive. The following potential shares of common stock were excluded from the computation of diluted net earnings per share for the nine months ended September 30, 2025 and the three and nine months ended September 30, 2024 because including them would have been antidilutive as the Company has reported net loss for each of the periods:

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Blend Labs, Inc.Notes to Condensed