Company: BLND
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001855747-25-000017
Chunk: 31

Company: Blend Labs, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 31
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2,5303,2963,650Accelerated amortization of right-of-use asset in connection with lease abandonment2,992——Gain on investment in equity securities(4,417)—(2,884)Loss on extinguishment of debt5,4763,970—Gain on sale of insurance business(9,213)——Release of valuation allowance and change in deferred taxes——(2,864)Other(1,009)(5,187)2,129Changes in operating assets and liabilities:Trade and other receivables9184,27412,289Prepaid expenses and other assets, current and non-current(1,060)2,0489,374Deferred contract costs, non-current(415)(762)2,487Accounts payable(67)910(4,900)Deferred revenue10,256289627Accrued compensation(1,959)(4,497)(8,081)Operating lease liabilities(4,585)(4,012)(3,888)Other liabilities, current and non-current(1,196)(2,503)(12,391)Net cash used in operating activities(13,044)(127,621)(190,418)Investing activitiesPurchases of marketable securities(102,030)(236,079)(145,543)Sale of available-for-sale securities100,32756,0226Maturities of marketable securities53,150310,450247,036Additions to property, equipment and internal-use software development costs(9,844)(587)(2,068)Other(283)——Proceeds from sale of insurance business9,075——Investment in note receivable(5,000)(2,500)—Net cash provided by investing activities45,395127,30699,431Financing activitiesProceeds from exercises of stock options, including early exercises, net of repurchases1,6582682,611Taxes paid related to net share settlement of equity awards(18,115)(6,171)—Repayment of long-term debt(144,500)(85,055)—Net proceeds from the issuance of the Series A redeemable convertible preferred stock and the Haveli Warrant149,375——Payment for issuance costs related to the Series A redeemable convertible preferred stock and the Haveli Warrant(9,480)——Proceeds from initial public offering, net of underwriters' fees and issuance costs——(391)Net cash (used in) provided by financing activities(21,062)(90,