Blend Results Presentation Deck
Reconciliation of GAAP to Non-GAAP Measures
(in thousands)
Gross Profit Reconciliation
Blend Platform
Title365
Total
Blend Platform
Title365
Total
18
(1) Non-GAAP expenses represent stock-based compensation
$
$
$
$
GAAP Gross
Profit
22,489
17,838
40,327
GAAP Gross
Profit
Three months ended
September 30, 2021
$
$
$
Non-GAAP
expenses (¹)
Nine months ended
September 30, 2021
63,206
17,838
81,044 $
38
246
Non-GAAP
expenses (¹)
423
38
461
$
$
$
$
Non-GAAP
gross profit
22,697
17,876
40,573 $
Non-GAAP
gross profit
63,629
17,876
81,505
$
$
$
GAAP Gross
Profit
18,395
18,395
GAAP Gross
Profit
39,895
39,895
Three months ended
September 30, 2020
$
$
$
Non-GAAP
expenses (¹)
$
21
Nine months ended
September 30, 2020
21
Non-GAAP
expenses (¹)
58
58
$
$
$
$
Non-GAAP
gross profit
18,416
18,416
Non-GAAP
gross profit
39,953
39,953
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