Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 433

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 433
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 was $0.3 million as of June 30, 2025, of which $0.2 million is presented within prepaid expenses and other current assets, and $0.1 million is presented within other non-current assets on the unaudited condensed consolidated balance sheets. The carrying value of the capitalized costs was $0.2 million as of December 31, 2024, of which $0.1 million is presented within prepaid expenses and other current assets, and $0.1 million is presented within other non-current assets on the unaudited condensed consolidated balance sheets. Amortization of capitalized implementation costs is recognized on a straight-line basis over the term of the associated hosting arrangement when it is ready for its intended use. Costs related to preliminary project activities and post-implementation activities are expensed as incurred.Other Current LiabilitiesOther current liabilities consisted of the following:June 30, 2025December 31, 2024(In thousands)Accrued expenses$3,483 $2,116 Accrued professional fees2,1891,392Accrued connectivity fees3,4033,489Restructuring1175Accrued litigation contingencies1088Operating lease liabilities, current portion9582,660Total other current liabilities$10,152 $9,740 Other Non-Current LiabilitiesOther non-current liabilities consisted of the following:June 30, 2025December 31, 2024(In thousands)Payroll tax liabilities332261Operating lease liabilities, non-current1,421 — Other liabilities42 17 Total other non-current liabilities$1,795 $278 

6. Leases

The Company leases its facilities under non-cancelable operating leases with various expiration dates. Leases may contain escalating payments.The Company’s total operating lease costs were $0.6 million and $1.4 million for the three months ended June 30, 2025 and 2024, respectively. The Company’s total operating lease costs were $1.2 million and $2.8 million for the six months ended June 30, 2025 and 2024, respectively. The Company’s total operating lease costs included variable costs in the amount of $0.4 million and $0.5 million for the three months ended June 30, 2025 and 2024, respectively, and $0.9 million and $1.0 million for the six months ended June 30, 2025 and