Blend Results Presentation Deck
Q4 2021 GAAP Financial Results
(in thousands)
12
Revenue
Cost of revenue
Gross profit
Operating expenses:
Research and development
Sales and marketing
General and administrative
Amortization of acquired intangible assets
Total operating expenses
Loss from operations
Interest expense
Other income (expense), net
Loss before income taxes
Income tax (expense) benefit
Net loss
Less: Net income attributable to noncontrolling interest
Net loss attributable to Blend Labs, Inc.
Less: Accretion of RNCI to redemption value
Net loss attributable to Blend Labs, Inc. common stockholders
Net loss per share attributable to Blend Labs, Inc. common stockholders:
Basic and diluted
Weighted average shares used in calculating net loss per share:
Basic and diluted
$
$
$
$
Three Months Ended
December 31,
2021
80,990 $
46,045
34,945
28,740
27,984
34,314
3,772
94,810
(59,865)
(5,664)
110
(65,419)
(6,092)
(71,511)
(176)
(71,687) $
(1,430)
(73,117) $
(0.32) $
227,947
2020
30,629
8,784
21,845
15,187
14,257
8,452
37,896
(16,051)
73
(15,978)
(6)
(15,984)
$
(15,984) $
(15,984) $
(0.30) $
53,393
Year Ended
December 31,
2021
2020
234,495 $ 96,029
118,506
34,289
115,989
61,740
92,216
84,077
128,802
8,136
313,231
(197,242)
(11,279)
493
(208,028)
38,886
(169,142)
(771)
(169,913)
(1,430)
(171,343)
131,985
55,503
51,420
30,108
(1.30) $
137,031
(75,291)
700
(74,591)
(26)
(74,617)
$(74,617)
$ (74,617)
(1.89)
39,407
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