Blend Results Presentation Deck
Q1 2022 GAAP Financial Results
(in thousands)
11
Revenue
Cost of revenue
Gross profit
Operating expenses:
Research and development
Sales and marketing
General and administrative
Amortization of acquired intangible assets
Total operating expenses
Loss from operations
Interest expense
Other income (expense), net
Loss before income taxes
Income tax benefit (expense)
Net loss
Less: Net loss attributable to noncontrolling interest
Net loss attributable to Blend Labs, Inc.
Less: Accretion of redeemable noncontrolling interest to redemption value
Net loss attributable to Blend Labs, Inc. common stockholders
Net loss per share attributable to Blend Labs, Inc. common stockholders:
Basic and diluted
Weighted average shares used in calculating net loss per share:
Basic and diluted
$
S
Three Months Ended March 31,
2022
2021
71,524 $
42,655
28,869
35,106
22,341
37,102
4,068
98,617
(69,748)
(5,558)
91
(75,215)
2,797
(72,418)
314
(72,104)
(1,442)
(73,546) $
(0.32) $
230,329
31,875
10,860
21,015
17,074
15,865
15,283
48,222
(27,207)
150
(27,057)
(10)
(27,067)
(27,067)
(27,067)
(0.60)
45,090
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