Blend Investor Day Presentation Deck

Narrowing the Focus of our Operating Model Non-GAAP Operating Expenses¹ (in $ millions) $91 2022 $73 ~$60 ~$55 ~$50 İ li 2023E 2024E Research and Development 2022 2023E Sales and Marketing ~$40 2024E 2024 non-GAAP operating expense is expected to be nearly half of 2022 levels $87 2022 ~$50 2023E ~$40 2024E General and Administrative 123 ¹GAAP to non-GAAP reconciliation schedules can be found in the appendix to this presentation. We have not provided the forward-looking GAAP equivalents to our non-GAAP Operating Expenses or GAAP reconciliations as a result of the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future.

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