v3.26.1
Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The Company has three classes of authorized common stock for which voting rights differ by class. The Company computes net income (loss) per share using the two-class method required for multiple classes of common stock. The Company’s Series A Preferred Stock is considered a participating security for purposes of applying the two-class method when calculating earnings per share in periods of net income. Under the two-class method, net income (loss) attributable to common stockholders for the period is allocated between shares of common stock and participating securities based upon their respective rights to receive dividends as if all earnings for the period had been distributed.

Basic net income (loss) per share is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of stock outstanding during the period, adjusted for options early exercised and subject to repurchase.

Diluted income (loss) per share is computed using the weighted-average number of shares and the effect of potentially dilutive securities, including awards issued under the Company’s equity compensation plans or other contracts to issue common stock, as if the securities were exercised or converted into common stock or resulted in the issuance of common stock (net of any assumed repurchases) that then shared in the earnings of the Company. During the periods of net losses, the net loss is reduced for amounts allocated to participating securities only if the security has a right to participate in the earnings of the entity and an objectively determinable contractual obligation to share in the net losses of the entity. The Company’s participating securities are not allocated any share of the net loss, as the participating securities do not have a contractual obligation to share in the net losses of the Company. Diluted net income (loss) per share attributable to the Company is computed by dividing the net income (loss) attributable to common stockholders by the weighted average number of fully diluted common shares outstanding.

The following table presents the calculation of basic and diluted net loss per share for Class A and Class B common stock. No shares of Class C common stock were issued and outstanding during the periods presented.
Three Months Ended June 30,
20262025
Class A
Common		Class B
Common		Class A
Common		Class B
Common
(In thousands, except per share data)
Numerator:
Loss from continuing operations
$(1,787)$(25)$(3,794)$(55)
Less: Accretion of Series A Preferred Stock to redemption value(4,860)(67)(4,313)(63)
Net loss attributable to Blend Labs, Inc. common stockholders from continuing operations(6,647)(92)(8,107)(118)
Net income (loss) attributable to Blend Labs, Inc. common stockholders from discontinued operations325 4 (2,955)(43)
Net loss attributable to Blend Labs, Inc. common stockholders$(6,322)$(88)$(11,062)$(161)
Denominator:
Weighted average common stock outstanding, basic and diluted236,653 3,256 255,484 3,727 
Net loss per share from continuing operations
Basic and diluted$(0.03)$(0.03)$(0.03)$(0.03)
Net income (loss) per share from discontinued operations
Basic and diluted$0.00 $0.00 $(0.01)$(0.01)
Net loss per share attributable to Blend Labs, Inc.:
Basic and diluted$(0.03)$(0.03)$(0.04)$(0.04)
Six Months Ended June 30,
20262025
Class A
Common		Class B
Common		Class A
Common		Class B
Common
(In thousands, except per share data)
Numerator:
Loss from continuing operations
$(7,181)$(96)$(10,591)$(154)
Less: Accretion of Series A Preferred Stock to redemption value(9,531)(127)(8,455)(123)
Net loss attributable to Blend Labs, Inc. common stockholders from continuing operations(16,712)(223)(19,046)(277)
Net loss from discontinued operations(2,225)(30)(5,718)(83)
Less: Accretion of RNCI to redemption value from discontinued operations
— — (1,236)(18)
Less: Net loss attributable to noncontrolling interest included in discontinued operations— — 179 3 
Net loss attributable to Blend Labs, Inc. common stockholders from discontinued operations(2,225)(30)(6,775)(98)
Net loss attributable to Blend Labs, Inc. common stockholders$(18,937)$(253)$(25,821)$(375)
Denominator:
Weighted average common stock outstanding, basic and diluted244,470 3,256 255,287 3,717 
Net loss per share from continuing operations
Basic and diluted$(0.07)$(0.07)$(0.07)$(0.07)
Net loss per share from discontinued operations
Basic and diluted$(0.01)$(0.01)$(0.03)$(0.03)
Net loss per share attributable to Blend Labs, Inc.:
Basic and diluted$(0.08)$(0.08)$(0.10)$(0.10)

The following potential shares of common stock were excluded from the computation of diluted net earnings per share attributable to the Company for the periods presented because including them would have been antidilutive as the Company has reported net loss for each of the periods:

As of June 30,
20262025
(In thousands)
Outstanding stock options14,494 16,314 
Non-plan Co-Founder and Head of Blend options20,194 20,194 
Unvested restricted stock units14,368 11,456 
Unvested performance stock awards(1)
7,627 8,435 
Series G Warrant598 598 
Haveli Warrant— 11,111 
Series A redeemable convertible preferred stock46,154 46,154 
Total anti-dilutive securities103,435 114,262 
____________
(1) Performance conditions were not satisfied for the unvested performance stock awards as of June 30, 2026.