Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 447

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 447
---
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 18,208 Early exercised options subject to repurchase— 2 Non-plan Co-Founder and Head of Blend options20,194 26,057 Unvested restricted stock units11,456 18,270 Unvested performance stock awards(1)8,435 5,500 Series G Warrant598 598 Haveli Warrant11,111 11,111 Series A redeemable convertible preferred stock46,154 46,154 Total anti-dilutive securities114,262 125,900 ____________(1) Performance conditions were not satisfied for the unvested performance stock awards as of June 30, 2025.

25

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

15. Segment Information

The Company’s CODM is the chief executive officer. The Company’s operating segments are defined in a manner