Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 394

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 394
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 share from discontinued operationsBasic and diluted$(0.01)$(0.01)$0.00 $0.00 Net loss per share attributable to Blend Labs, Inc.:Basic and diluted$(0.04)$(0.04)$(0.09)$(0.09)

24

Blend Labs, Inc.Notes to Condensed Consolidated Financial Statements(Unaudited)

Six Months Ended June 30,20252024Class ACommonClass BCommonClass ACommonClass BCommon(In thousands, except per share data)Numerator:Loss from continuing operations$(10,109)$(147)$(38,522)$(1,386)Less: Accretion of Series A Preferred Stock to redemption value(8,455)(123)(2,569)(92)Net loss attributable to Blend Labs, Inc common stockholders from continuing operations(18,564)(270)(41,091)(1,478)Net (loss) income from discontinued operations(5,718)(83)(170)(6)Less: Accretion of RNCI to redemption value from discontinued operations(1,236)(18)(2,884)(104)Less: Net loss (income) attributable to noncontrolling interest included in discontinued operations179 3 9 — Net loss attributable to Blend Labs, Inc common stockholders from discontinued operations(6,775)(98)(3,045)(110)Net loss attributable to Blend Labs, Inc common stockholders$(25,339)$(368)$(44,136)$(1,588)Denominator:Weighted average common stock outstanding, basic and diluted255,287 3,717 243,246 8,754 Net loss per share from continuing operationsBasic and diluted$(0.07)$(0.07)$(0.17)$(0.17)Net loss per share from discontinued operationsBasic and diluted$(0.03)$(0.03)$(0.01)$(0.01)Net loss per share attributable to Blend Labs, Inc.:Basic and diluted$(0.10)$(0.10)$(0.18)$(0.18)The following potential shares of common stock were excluded from the computation of diluted net earnings per share attributable to the Company for the periods presented because including them would have been antidilutive as the Company has reported net loss for each of the periods presented:As of June 30,20252024(In thousands)Outstanding stock options16,314