Company: BLND
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001855747-25-000092
Chunk: 453

Company: Blend Labs, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 453
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istributed earnings attributable to participating securities(1,169)(16)— — Net income (loss) attributable to Blend Labs, Inc common stockholders from continuing operations6,574 93 (4,600)(79)Net income (loss) from discontinued operations120 2 (1,962)(34)Less: Accretion of RNCI to redemption value from discontinued operations— — (1,730)(30)Less: Net loss attributable to noncontrolling interest included in discontinued operations— — 179 3 Net income (loss) attributable to Blend Labs, Inc from discontinued operations120 2 (3,513)(61)Undistributed earnings attributable to participating securities(18)— — — Net income (loss) attributable to Blend Labs, Inc common stockholders from discontinued operations102 2 (3,513)(61)Net income (loss) attributable to Blend Labs, Inc common stockholders$6,676 $95 $(8,113)$(140)Denominator:Weighted average common stock outstanding, basic256,004 3,627 250,612 4,298 Add: Dilutive effect of restricted stock units and stock options8,961 127 — — Weighted average common stock outstanding, diluted264,965 3,754 250,612 4,298 Net income (loss) per share from continuing operationsBasic$0.03 $0.03 $(0.02)$(0.02)Diluted$0.02 $0.02 $(0.02)$(0.02)Net income (loss) per share from discontinued operationsBasic and diluted$0.00 $0.00 $(0.01)$(0.01)Net income (loss) per share attributable to Blend Labs, Inc.:Basic$0.03 $0.03 $(0.03)$(0.03)Diluted$0.02 $0.02 $(0.03)$(0.03)

25

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

Nine Months Ended September 30,20252024Class ACommonClass BCommonClass ACommonClass BCommon(In thousands, except per share data)Numerator:Income (loss) from continuing operations$2,123 $31 $(39,376)$(1,163)Less: