Blend Results Presentation Deck
Q4 2022 GAAP Financial Results
(in thousands)
Revenue
Cost of revenue
Gross profit
Operating expenses:
Research and development
Sales and marketing
General and administrative
Amortization of acquired intangible assets
Impairment of intangible assets and goodwill
Restructuring
Total operating expenses
Loss from operations
Interest expense
Other income (expense), net
Loss before income taxes
Income tax benefit (expense)
Net loss
Net loss (income) attributable to noncontrolling interest
Net loss attributable to Blend Labs, Inc.
Less: Accretion of redeemable noncontrolling interest 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
S
S
S
Three Months Ended December 31,
2022
42,785 $
28,378
14,407
33,248
19,951
33,406
2,959
89,564
(75,157)
(7,348)
1,538
(80,967)
(476)
(81,443)
874
(80,569)
(2,141)
(82,710) $
(0.35) $
238,442
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
Year Ended December 31,
2022
2021
235,201 S
145,550
89,651
138,094
85,248
139,120
8,411
449,680
15,275
835,828
(746,177)
(24,790)
4,916
(766,051)
2,241
(763,810)
43,638
(720,172)
(48,438)
(768,610) S
(3.28) S
234,161
234,495
118,506
115,989
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)
(1.30)
131,985
blend
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