Blend Results Presentation Deck

Reconciliation of GAAP to Non-GAAP Measures (cont.) (in thousands) 13 GAAP operating expenses Non-GAAP adjustments: Stock-based compensation and amortization of warrant Amortization of acquired intangible assets Acquisition-related expenses (²) Non-GAAP operating expenses GAAP loss from operations Non-GAAP adjustments: Stock-based compensation and amortization of warrant Amortization of acquired intangible assets Acquisition-related expenses(2) Non-GAAP loss from operations GAAP net loss Non-GAAP adjustments: Stock-based compensation and amortization of warrant Amortization of acquired intangible assets Acquisition-related expenses (2) Income tax benefit (3) Non-GAAP net loss (1) Stock-based compensation by function: Cost of revenue Research and development Sales and marketing General and administrative Total S $ S S $ $ $ Three Months Ended March 31, 2022 2021 98,617 $ 23,843 4,068 1,812 68,894 (69,748) 24,336 4,068 1,812 (39,532) (72,418) 24,336 4,068 1,812 (2,864) (45,066) 493 9,866 2,523 11,430 24,312 $ $ $ 48,222 $ 4,131 4,207 39,884 (27,207) 4,189 4,207 (18,811) (27,067) 4,189 4,207 (18,671) 58 1,386 1,373 1,199 4,016 $ (2) Amortization of acquired intangible assets represents non-cash amortization of customer relationships acquired in connection with the Title365 acquisition (3) Acquisition-related expenses include non-recurring due diligence, transaction and integration costs recorded within general and administrative expenses (4) Income tax benefit represents the non-recurring release of historical valuation allowance resulting from changes in U.S. tax law requiring capitalization and amortization of research and development costs for tax purposes blend

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