Company: BLND
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001855747-25-000041
Chunk: 517

Company: Blend Labs, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 517
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 common stockholders$(14,473)$(213)$(21,285)$(844)Denominator:Weighted average common stock outstanding, basic and diluted255,085 3,747 241,357 9,575 Net loss per share from continuing operationsBasic and diluted$(0.04)$(0.04)$(0.08)$(0.08)Net loss per share from discontinued operationsBasic and diluted$(0.01)$(0.01)$(0.01)$(0.01)Net loss per share attributable to Blend Labs, Inc.:Basic and diluted$(0.05)$(0.05)$(0.09)$(0.09)

23

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

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 March 31,20252024(In thousands)Outstanding stock options16,608 18,591 Early exercised options subject to repurchase— 62 Non-plan Co-Founder and Head of Blend options20,194 26,057 Unvested restricted stock units14,364 20,762 Unvested performance stock awards(1)8,975 5,500 Series G Warrant598 598 Haveli Warrant11,111 — Series A redeemable convertible preferred stock46,154 — Total anti-dilutive securities118,004 71,570 ____________(1) Performance conditions were not satisfied for the unvested performance stock awards as of March 31, 2025.

15. Segment Information

The Company’s CODM is the chief executive officer. The Company’s operating segments are defined in a manner consistent with how the Company manages its operations and how the CODM evaluates the results and allocates the Company’s resources. During the first quarter of 2025,  the Company classified the results of its previously reported Title segment as discontinued operations in its unaudited condensed consolidated statement of operations. Refer to Note 16, Held for sale and Discontinued Operations, for additional details.  As a result, the Company now operates in a single operating segment and a single  reportable segment. The CODM assesses the segment performance by using net loss from continuing operations as a measure of segment