Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 393

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 393
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 other contracts to issue common stock, were exercised or converted into common stock or resulted in the issuance of common stock (net of any assumed repurchases) that then shared in the earnings of the Company. During the periods of net losses, the net loss is reduced for amounts allocated to participating securities only if the security has a right to participate in the earnings of the entity and an objectively determinable contractual obligation to share in the net losses of the entity. The Company’s participating securities are not allocated any share of the net loss, as the participating securities do not have a contractual obligation to share in the net losses of the Company. Diluted net loss per share attributable to the Company is computed by dividing the net loss attributable to common stockholders by the weighted average number of fully diluted common shares outstanding.The following table presents the calculation of basic and diluted net loss per share for Class A and Class B common stock. No shares of Class C common stock were issued and outstanding during the periods presented.

23

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

Three Months Ended June 30,20252024Class ACommonClass BCommonClass ACommonClass BCommon(In thousands, except per share data)Numerator:Loss from continuing operations$(3,595)$(52)$(18,597)$(602)Less: Accretion of Series A Preferred Stock to redemption value(4,313)(63)(2,577)(83)Net loss attributable to Blend Labs, Inc common stockholders from continuing operations(7,908)(115)(21,174)(685)Net (loss) income from discontinued operations(2,955)(43)(216)(7)Less: Accretion of RNCI to redemption value from discontinued operations— — (1,479)(48)Less: Net loss (income) attributable to noncontrolling interest included in discontinued operations— — 14 — Net loss attributable to Blend Labs, Inc common stockholders from discontinued operations(2,955)(43)(1,681)(55)Net loss attributable to Blend Labs, Inc common stockholders$(10,863)$(158)$(22,855)$(740)Denominator:Weighted average common stock outstanding, basic and diluted255,484 3,727 245,135 7,934 Net loss per share from continuing operationsBasic and diluted$(0.03)$(0.03)$(0.09)$(0.09)Net loss per