v3.26.3
Revision of Previously Issued Quarterly Information (Tables)
9 Months Ended
Sep. 30, 2026
Accounting Changes and Error Corrections [Abstract]  
Schedule of Revision of Previously Issued Quarterly Information
The following tables present the effect of the revision adjustments on the previously reported unaudited condensed consolidated statement of operations and comprehensive income (loss) and unaudited condensed consolidated statement of cash flows for the three and nine months ended September 30, 2025.
Three months ended September 30, 2025
As ReportedAdjustmentsAs Revised
Revenue
Software platform$30,459 $(97)$30,362 
Professional services2,401 (68)2,333 
Total revenue32,860 (165)32,695 
Cost of revenue
Software platform6,624 13 6,637 
Professional services1,780 — 1,780 
Total cost of revenue8,404 13 8,417 
Gross profit24,456 (178)24,278 
Operating expenses:
Research and development8,522 183 8,705 
Sales and marketing7,873 — 7,873 
General and administrative12,879 75 12,954 
Restructuring93 — 93 
Total operating expenses29,367 258 29,625 
Loss from operations(4,911)(436)(5,347)
Other income (expense), net17,348 — 17,348 
Income before income taxes12,437 (436)12,001 
Income tax expense(27)— (27)
Income from continuing operations12,410 (436)11,974 
Income from discontinued operations (Note 15)122 — 122 
Net income12,532 (436)12,096 
Less: Net income attributable to noncontrolling interest included in discontinued operations— — — 
Net income attributable to Blend Labs, Inc.12,532 (436)12,096 
Less: Accretion of redeemable noncontrolling interest to redemption value from discontinued operations— — — 
Less: Accretion of Series A redeemable convertible preferred stock to redemption value(4,558)— (4,558)
Net income attributable to Blend Labs, Inc. common stockholders$7,974 $(436)$7,538 
Net income per share attributable to Blend Labs, Inc. common stockholders - basic and diluted:
Basic
Continuing operations$0.03 $(0.01)$0.02 
Discontinued operations$— $— $— 
Net income per share attributable to Blend Labs, Inc. common stockholders$0.03 $(0.01)$0.02 
Diluted
Continuing operations$0.02 $— $0.02 
Discontinued operations$— $— $— 
Net income per share attributable to Blend Labs, Inc. common stockholders$0.02 $— $0.02 
Weighted average shares used in calculating net income per share:
Basic259,631 — 259,631 
Diluted268,719 — 268,719 
Comprehensive income:
Net income$12,532 $(436)$12,096 
Unrealized loss on marketable securities(62)— (62)
Foreign currency translation gain103 — 103 
Comprehensive income12,573 (436)12,137 
Less: Comprehensive loss attributable to noncontrolling interest— — — 
Comprehensive income attributable to Blend Labs, Inc.$12,573 $(436)$12,137 
Nine months ended September 30, 2025
As ReportedAdjustmentsAs Revised
Revenue
Software platform$84,110 $19 $84,129 
Professional services7,043 (3)7,040 
Total revenue91,153 16 91,169 
Cost of revenue
Software platform18,993 101 19,094 
Professional services5,440 — 5,440 
Total cost of revenue24,433 101 24,534 
Gross profit66,720 (85)66,635 
Operating expenses:
Research and development23,375 659 24,034 
Sales and marketing22,010 — 22,010 
General and administrative37,723 181 37,904 
Restructuring840 — 840 
Total operating expenses83,948 840 84,788 
Loss from operations(17,228)(925)(18,153)
Other income (expense), net19,480 — 19,480 
Income before income taxes2,252 (925)1,327 
Income tax expense(98)— (98)
Income from continuing operations2,154 (925)1,229 
Loss from discontinued operations (Note 15)(5,679)— (5,679)
Net loss(3,525)(925)(4,450)
Less: Net loss attributable to noncontrolling interest included in discontinued operations182 — 182 
Net loss attributable to Blend Labs, Inc.(3,343)(925)(4,268)
Less: Accretion of redeemable noncontrolling interest to redemption value from discontinued operations(1,254)— (1,254)
Less: Accretion of Series A redeemable convertible preferred stock to redemption value(13,136)— (13,136)
Net loss attributable to Blend Labs, Inc. common stockholders$(17,733)$(925)$(18,658)
Net loss per share attributable to Blend Labs, Inc. common stockholders - basic and diluted:
Basic:
Continuing operations$(0.04)$— $(0.04)
Discontinued operations$(0.03)$— $(0.03)
Weighted average shares used in calculating net loss per share:
Basic and diluted259,228 — 259,228 
Comprehensive loss:
Net loss$(3,525)$(925)$(4,450)
Unrealized loss on marketable securities(100)— (100)
Foreign currency translation gain53 — 53 
Comprehensive loss(3,572)(925)(4,497)
Less: Comprehensive loss attributable to noncontrolling interest182 — 182 
Comprehensive loss attributable to Blend Labs, Inc.$(3,390)$(925)$(4,315)
Nine months ended September 30, 2025
As ReportedAdjustmentsAs Revised
Operating activities
Net loss$(3,525)$(925)$(4,450)
Net income from continuing operations2,154 (925)1,229 
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation21,376 101 21,477 
Changes in operating assets and liabilities:
Trade and other receivables2,345 (120)2,225 
Prepaid expenses and other assets, current and non-current(4,709)418 (4,291)
Deferred revenue5,313 (119)5,194 
Other liabilities, current and non-current1,686 87 1,773 
Net cash provided by operating activities - continuing operations12,060 (558)11,502 
Net cash provided by operating activities10,532 (558)9,974 
Additions to property, equipment and internal-use software development costs(10,592)558 (10,034)
Net cash provided by investing activities - continuing operations19,972 558 20,530 
Net cash provided by investing activities19,790 558 20,348