Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 360

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 360
---
 of Redeemable Noncontrolling Interest, Series A Redeemable Convertible Preferred Stock, and Stockholders’ Equity

(In thousands)

(Unaudited)

Three and Six Months Ended June 30, 2025Redeemable noncontrolling interest - held for sale from discontinued operationsSeries A Redeemable Convertible Preferred Stock Common StockAdditionalPaid-InCapitalAccumulatedOtherComprehensiveIncomeAccumulatedDeficitTotalStockholders’EquitySharesAmountSharesAmountBalances as of December 31, 2024    $52,375 150 $141,663 258,173 $2 $1,328,015 $602 $(1,384,975)$(56,356)Issuance of common stock upon exercise of stock options— — — 256 — 363 — — 363 Vesting of restricted stock units— — — 2,064 — — — — — Shares withheld related to net share settlement of equity awards— — — (745)— (2,971)— — (2,971)Stock-based compensation— — — — — 7,202 — — 7,202 Unrealized gain on investments in marketable securities— — — — — — 6 — 6 Foreign currency translation loss— — — — — — (43)— (43)Accretion of redeemable noncontrolling interest to redemption value1,254 — — — — (1,254)— — (1,254)Accretion of Series A redeemable convertible preferred stock to redemption value— — 4,202 — — (4,202)— — (4,202)Share repurchases— — — (923)— (3,076)— — (3,076)Reclassification of noncontrolling interest to equity, net of noncash consideration received(53,447)— — — — 52,675 — — 52,675 Net loss(182)— — — — — — (9,230)(9,230)Balances as of March 31, 2025    $— 150 $145,865 258,825 $2