Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 364

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 364
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 activities - continuing operations14,793(6,311)Net cash used in operating activities - discontinued operations(771)(4,223)Net cash provided by (used in) operating activities14,022(10,534)Investing activitiesPurchases of marketable securities(23,749)(76,529)Sale of available-for-sale securities859100,297Maturities of marketable securities27,72715,600Investment in non-marketable equity securities(4,000)—Additions to property, equipment and internal-use software development costs(8,320)(3,816)Net cash (used in) provided by investing activities - continuing operations(7,483)35,552Net cash used in investing activities - discontinued operations(120)(15)Net cash provided (used in) by investing activities(7,603)35,537Financing activitiesProceeds from exercises of stock options, including early exercises, net of repurchases793714Taxes paid related to net share settlement of equity awards(5,502)(7,019)Share repurchases(4,118)—Repayment of long-term debt—(144,500)Net proceeds from the issuance of the Series A redeemable convertible preferred stock and the Haveli Warrant—149,375Payment for issuance costs related to the Series A redeemable convertible preferred stock and the Haveli Warrant—(9,077)Net cash used in financing activities - continuing operations(8,827)(10,507)Effect of exchange rates on cash, cash equivalents, and restricted cash—(5)Net (decrease) increase in cash, cash equivalents, and restricted cash(2,408)14,491Cash, cash equivalents, and restricted cash at beginning of period49,53738,253Cash, cash equivalents, and restricted cash at end of period47,12952,744Less: Cash, cash equivalents and restricted cash included in current assets held for sale from discontinued operations5,6075,960Cash, cash equivalents and restricted cash, end of period, excluding current assets held for sale from discontinued operations$41,522$46,784Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets:Cash and cash equivalents$36,499$41,761Restricted cash5,0235,023Total cash, cash equivalents, and restricted cash$41,522$46,784Supplemental disclosure of cash flow information:Cash paid for income taxes$332$76Cash paid for interest