Blend Results Presentation Deck

Q1 2023 GAAP Financial Results (in thousands) Revenue Software Professional services. Title Total revenue Cost of revenue Software Professional services Title Total cost of revenue Gross profit Operating expenses: Research and development Sales and marketing General and administrative Amortization of acquired intangible assets Restructuring Total operating expenses Loss from operations Interest expense Other income (expense), net Loss before income taxes Income tax (expense) benefit 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 $ $ Three Months Ended March 31, 2023 2022 22,970 1,734 12,632 37,336 5,803 2,806 12,874 21,483 15,853 26,257 17,568 20,681 $ 12,783 77,289 (61,436) (7,569) 2,882 (66,123) (71) (66,194) 777 (65,417) (2,056) (67,473) $ 30,604 1,972 38,948 71,524 8,666 3,735 30,254 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) blend 15

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