Company: BLND
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001855747-25-000092
Chunk: 452

Company: Blend Labs, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 452
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 per share using the two-class method required for multiple classes of common stock. The Company’s Series A Preferred Stock is considered a participating security for purposes of applying the two-class method when calculating earnings per share in periods of net income. Under the two-class method, net income (loss) attributable to common stockholders for the period is allocated between shares of common stock and participating securities based upon their respective rights to receive dividends as if all earnings for the period had been distributed.Basic net income (loss) per share is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of stock outstanding during the period, adjusted for options early exercised and subject to repurchase.Diluted income (loss) per share is computed using the weighted-average number of shares and the effect of potentially dilutive securities, including awards issued under the Company’s equity compensation plans or other contracts to issue common stock, as if the securities 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 income (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 income (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.

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

Three Months Ended September 30,20252024Class ACommonClass BCommonClass ACommonClass BCommon(In thousands, except per share data)Numerator:Income (loss) from continuing operations$12,237 $173 $(620)$(11)Less: Accretion of Series A Preferred Stock to redemption value(4,494)(64)(3,980)(68)Net income (loss) attributable to Blend Labs, Inc from continuing operations7,743 109 (4,600)(79)Und