Company: BLND
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001855747-25-000092
Chunk: 362

Company: Blend Labs, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 362
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,910 259,228 252,977 Comprehensive income (loss):Net income (loss)$12,532 $(2,627)$(3,525)$(42,711)Unrealized (loss) gain on marketable securities(62)448 (100)302 Foreign currency translation gain103 13 53 22 Comprehensive income (loss)12,573 (2,166)(3,572)(42,387)Less: Comprehensive loss attributable to noncontrolling interest included in discontinued operations— 182 182 191 Comprehensive income (loss) attributable to Blend Labs, Inc.$12,573 $(1,984)$(3,390)$(42,196)

See accompanying notes to condensed consolidated financial statements

2

Blend Labs, Inc.

Condensed Consolidated Statements of Redeemable Noncontrolling Interest, Series A Redeemable Convertible Preferred Stock, and Stockholders’ Equity

(In thousands)

(Unaudited)

Three and Nine Months Ended September 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 — — — — (