Blend Investor Day Presentation Deck

Gross Margin Profile: Returning to Efficiency Non-GAAP Gross Margins¹ Blend Labs Gross Margin 60% 50% 40% 30% 20% 10% 0% 41% 39% 39% 35% 44% 55% Q1 Q4 Q2 Q2 Q3 2022 2022 2022 2022 2023 2023 Platform Gross Margin 100% 80% 60% 40% 20% 0% 63% 61% 68% 59% 67% 74% Q1 Q2 Q3 Q4 Q1 Q2 2022 2022 2022 2022 2023 2023 ¹ All measures above are presented on a non-GAAP basis. GAAP to non-GAAP reconciliation schedules can be found in the appendix to this presentation. Title Gross Margin 30% 25% 20% 15% 10% 5% 0% -5% 23% 16% 5% 0% -1% 11% Q1 Q2 Q3 Q4 Q1 Q2 2022 2022 2022 2022 2023 2023 103

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