Blend Results Presentation Deck

Reconciliation of GAAP to Non-GAAP Measures (cont.) (in thousands) Three Months Ended September 30, 2020 19 Operating Expenses GAAP operating expenses Non-GAAP expenses: Stock-based compensation (1) and amortization of warrant Amortization of acquired intangible assets(2) Acquisition-related expenses (3) Non-GAAP operating expenses GAAP loss from operations Non-GAAP expenses: Stock-based compensation (1) and amortization of warrant Amortization of acquired intangible assets (2) Acquisition-related expenses (³) Non-GAAP loss from operations GAAP net loss Non-GAAP expenses: Stock-based compensation (1) and amortization of warrant Amortization of acquired intangible assets(²) Acquisition-related expenses (3) Income tax benefit related to acquisition (4) Non-GAAP net loss (1) Stock-based compensation by function: Cost of revenue Research and development $ Sales and marketing General and administrative $ $ $ $ $ $ 2021 $ 110,863 $ 43,216 4,364 1,573 61,710 (70,536) 43,462 4,364 1,573 (21,137) (76,330) 43,462 4,364 1,573 (26,931) $ $ $ $ $ 246 3,685 1,836 37,657 43,424 $ $ 33,744 1,156 0 2 32,586 (15,349) 1,177 2 (14,170) (15,208) 1,177 2 $ $ $ $ $ (14,029) $ Nine Months Ended September 30, 2021 2020 $ 218,421 $ 53,842 4,364 12,415 147,800 (137,377) 54,303 4,364 12,415 (66,295) (97,631) 54,303 4,364 12,415 (45,302) (71,851) $ $ $ $ $ $ 99,135 461 7,903 5,133 40,552 54,049 $ 7,915 0 969 90,251 21 75 505 498 Total 1,099 $ (2) Amortization of acquired intangible assets represents non-cash amortization of customer relationships acquired in connection with the Title 365 acquisition (3) Acquisition-related expenses include non-recurring due diligence, transaction and integration costs recorded within general and administrative expenses (4) Income tax benefit related to acquisition represents the non-recurring release of historical valuation allowance resulting from the recognition of a deferred tax liability in connection with the Title 365 acquisition (59,240) 7,973 969 (50,298) (58,633) 7,973 969 (49,691) 58 3,289 2,790 1,603 7,740 blend

View entire presentation