Company: BLND
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001855747-25-000017
Chunk: 29

Company: Blend Labs, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 29
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4    $52,375 150 $141,663 258,173 $2 $1,328,015 $602 $(1,384,975)$(56,356)

See accompanying notes to consolidated financial statements 

78

Blend Labs, Inc.

Consolidated Statements of Redeemable Noncontrolling Interest, Series A Redeemable Convertible Preferred Stock and Stockholders’ Equity (Continued)

(In thousands)

Year Ended December 31, 2023Redeemable Noncontrolling InterestCommon StockAdditionalPaid-InCapitalAccumulatedOtherComprehensiveIncome (Loss)AccumulatedDeficitTotalStockholders’EquitySharesAmountBalances as of December 31, 2022    $40,749 240,931 $2 $1,286,815 $(708)$(1,162,937)$123,172 Issuance of common stock upon exercise of stock options, net of repurchases— 274 — 460 — — 460 Vesting of early exercised stock options— — — 1,446 — — 1,446 Vesting of restricted stock units— 13,531 — — — — — Shares withheld related to net share settlement of equity awards— (4,826)— (6,171)— — (6,171)Stock-based compensation— — — 46,021 — — 46,021 Unrealized gain on investments in marketable securities— — — — 1,030 — 1,030 Foreign currency translation gain— — — — 119 — 119 Accretion of redeemable noncontrolling interest to redemption value6,627 — — (6,627)— — (6,627)Net loss(1,186)— — — — (178,693)(178,693)Balances as of December 31, 2023    $46,190 249,910 $2 $1,321,944 $441 $(1,341,630)$(19,243)

See accompanying notes to consolidated financial statements

79

Blend Labs, Inc.

Consolidated Statements of Redeemable Noncontrolling Interest, Series A Redeemable Convertible Preferred Stock and Stockholders’ Equity (Continued)