Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 359

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 359
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747)Other income (expense), net1,018 (4,452)2,132 1,201 Loss before income taxes(3,606)(19,169)(10,185)(39,836)Income tax expense(41)(30)(71)(72)Loss from continuing operations(3,647)(19,199)(10,256)(39,908)Net loss from discontinued operations (Note 16)(2,998)(222)(5,801)(176)Net loss(6,645)(19,421)(16,057)(40,084)Less: Net loss attributable to noncontrolling interest included in discontinued operations— 14 182 9 Net loss attributable to Blend Labs, Inc.(6,645)(19,407)(15,875)(40,075)Less: Accretion of redeemable noncontrolling interest to redemption value from discontinued operations— (1,527)(1,254)(2,988)Less: Accretion of Series A redeemable convertible preferred stock to redemption value(4,376)(2,661)(8,578)(2,661)Net loss attributable to Blend Labs, Inc. common stockholders$(11,021)$(23,595)$(25,707)$(45,724)Net loss per share attributable to Blend Labs, Inc. common stockholders - basic and diluted:Continuing operations$(0.03)$(0.09)$(0.07)$(0.17)Discontinued operations$(0.01)$0.00 $(0.03)$(0.01)Weighted average shares used in calculating net loss per share:Basic and diluted259,211 253,069 259,004 252,000 Comprehensive loss:Net loss$(6,645)$(19,421)$(16,057)$(40,084)Unrealized loss on marketable securities(44)(42)(38)(146)Foreign currency translation (loss) gain(7)— (50)9 Comprehensive loss(6,696)(19,463)(16,145)(40,221)Less: Comprehensive loss attributable to noncontrolling interest included in discontinued operations— 14 182 9 Comprehensive loss attributable to Blend Labs, Inc.$(6,696)$(19,449)$(15,963)$(40,212)

See accompanying notes to condensed consolidated financial statements

2

Blend Labs, Inc.

Condensed Consolidated Statements