Blend Investor Day Presentation Deck

Reconciliation of GAAP to Non-GAAP Operating Expenses, Quarterly (in $ thousands) GAAP operating expenses Non-GAAP Adjustments: Stock-based compensation and amortization of warrant Compensation realignment costs Amortization of acquired intangible assets Impairment of intangible assets and goodwill Restructuring Litigation contingencies Transaction-related costs Non-GAAP operating expenses Q1'21 Q2'21 Q3'21 48,222 59,336 110,863 4,131 6,495 Q2'22 Q3'22 Q4'21 Q1'22 Q4'22 Q1'23 94,810 98,617 496,681 150,966 89,564 77,289 43,216 16,541 23,843 28,698 27,499 27,617 15,904 1,096 4,364 3,772 4,068 4,068 391,823 6,380 569 1,812 411 4,207 6,635 1,573 39,884 46,206 61,710 73,928 68,894 65,301 275 57,857 5,936 2,959 12,783 700 732 183 438 58,667 58,105 47,068 Q2'23 60,214 14,100 1,778 2,349 (245) 596 41,636

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