Company: BLND
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001855747-25-000041
Chunk: 487

Company: Blend Labs, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 487
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ion of redeemable noncontrolling interest to redemption value from discontinued operations(1,254)(1,461)Less: Accretion of Series A redeemable convertible preferred stock to redemption value(4,202)— Net loss attributable to Blend Labs, Inc. common stockholders$(14,686)$(22,129)Net loss per share attributable to Blend Labs, Inc. common stockholders - basic and diluted:Continuing operations$(0.04)$(0.08)Discontinued operations$(0.01)$(0.01)Weighted average shares used in calculating net loss per share:Basic and diluted258,832 250,932 Comprehensive loss:Net loss$(9,412)$(20,663)Unrealized gain (loss) on marketable securities6 (104)Foreign currency translation  gain(43)9 Comprehensive loss(9,449)(20,758)Less: Comprehensive loss (income) attributable to noncontrolling interest included in discontinued operations182 (5)Comprehensive loss attributable to Blend Labs, Inc.$(9,267)$(20,763)

See accompanying notes to condensed consolidated financial statements

2

Blend Labs, Inc.

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

(In thousands)

(Unaudited)

Three Months Ended March 31, 2025Redeemable noncontrolling interest - held for sale from discontinued operationsSeries A Redeemable Convertible Preferred Stock Common StockAdditionalPaid-InCapitalAccumulatedOtherComprehensiveIncomeAccumulatedDeficitTotalStockholders’EquitySharesAmountSharesAmountBalances as of December 31, 2024    $52,375 150 $141,663 258,173 $2 $1,328,015 $602 $(1,384,975)$(56,356)Issuance of common stock upon exercise of stock options— — — 256 — 363 — — 363 Vesting of restricted stock units— — — 2,064 — — — — — Shares withheld related to net share settlement of equity awards— — — (745)— (2,971)— — (2,971)Stock-based compensation— — — — — 7,202 — — 7,202