Blend Investor Day Presentation Deck

Financial Vision Growth Margin Operating Model Cash Usage / Generation Focus Focused customer acquisition, maximizing existing partnerships and value-focused product expansion Renewal value capture, focused renegotiation on largest spend areas, target setting ROI-focused investment with a constant focus on cost prudence and maximizing value from Blend Builder Own our future through a clear path to cash generation & stewardship of our capital 1Please refer to note 1 in the appendix of this presentation 2Please refer to note 2 in the appendix of this presentation Long Term Model by 2026 ~35% Consumer Banking¹ Revenue CAGR ~25% Mortgage Suite² Revenue CAGR 3GAAP to non-GAAP reconciliation schedules can be found in the appendix to this presentation 4Please refer to note 7 in the appendix of this presentation ~75% Target Platform Non-GAAP Gross Margin³ 15-20% Target Non-GAAP Operating Margin³ High-Single Digit to High-Teens Free Cash Flow Margins4 18

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