Blend Results Presentation Deck
Reconciliation of GAAP to Non-GAAP Measures
(in thousands)
Gross Profit Reconciliation
Blend Platform
Software
Professional services
Total Blend Platform
Title
Total
Gross Profit Reconciliation
Blend Platform
Software
Professional services
Total Blend Platform
Title
Total
S
$
S
S
GAAP
Gross
Profit
17,167
(1,072)
16,095
(242)
15,853
GAAP
Gross
Profit
Three Months Ended March 31, 2023
Non-GAAP
adjustments (¹)
Gross
Margin
75 % $
(62)%
65%
(2)%
42 % $
Gross
Margin
21,938 72 % $
(1,763) (89)%
20,175 62%
8,694 22 %
28,869
40 % $
13
340
353
135
488 $
$
Three Months Ended March 31, 2022
Non-GAAP
adjustments (1)
312
312
181
493
Non-GAAP
$
Gross
Profit
17,180
(732)
16,448
(107)
16,341
Gross
Margin
Non-GAAP
Gross
Profit
75 %
(42)%
67 %
(1)%
44 %
Gross
Margin
21,938
72%
(1,451) (74)%
63%
23 %
41%
20,487
8,875
29,362
blend
17View entire presentation