Company: BLND
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001855747-25-000069
Chunk: 14

Company: Blend Labs, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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 Warrant is exercisable for a period of 24 months from issuance.

Material Cash Requirements

Our material cash requirements arising from known contractual and other obligations primarily relate to lease obligations for our office locations and purchase commitments.

We believe that current cash, cash equivalents and marketable securities will be sufficient to fund our operations for at least the next 12 months. Our future capital requirements, however, will depend on continued growth in our customer base, the timing and extent of spending to support our research and development efforts, the expansion of sales and marketing activities, the introduction of new and enhanced products and features, the continuing market adoption of Blend’s software platform, and the effectiveness of our efforts to improve cost efficiency. We may in the future enter into arrangements to acquire or invest in complementary businesses, services, and technologies, including intellectual property rights; additionally, we may repurchase shares of our Class A common stock from time to time under our share repurchase program. In the event that additional financing is required from outside sources, we may seek to raise additional funds at any time through equity, equity-linked arrangements, and debt. If we are unable to raise additional capital when desired and at reasonable rates, our business, results of operations, and financial condition would be adversely affected. See the section titled “Risk Factors—Risks Related to Our Business and Operations—We may require additional capital to support business growth, and this capital might not be available on acceptable terms, if at all..”

Cash Flows 

The following table summarizes our cash flows for the periods indicated:

Six Months Ended June 30,20252024(In thousands)Net cash provided by (used in) operating activities - continuing operations$14,793 $(6,311)Net cash (used in) provided by investing activities - continuing operations(7,483)35,552 Net cash used in financing activities - continuing operations(8,827)(10,507)Effect of exchange rates on cash, cash equivalents, and restricted cash— (5)Net (decrease) increase in cash, cash equivalents, and restricted cash - continuing operations(1,517)18,729 Net decrease in cash, cash equivalents, and restricted cash - discontinued operations(891)(4,238)Net (decrease) increase in cash, cash equivalents, and restricted cash$(2,408)$14,491 

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The Company’s liquidity is not expected to be materially impacted from the disposal of the component reported as discontinued operations.

Cash Provided by (Used in) Operating Activities