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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 31,523 $ 28,696 $ 58,293 $ 52,536
Cost of revenue        
Total cost of revenue 8,218 8,355 16,029 16,153
Gross profit 23,305 20,341 42,264 36,383
Operating expenses:        
Research and development 7,332 12,916 14,853 27,099
Sales and marketing 6,950 9,004 14,137 18,759
General and administrative 13,619 11,376 24,844 23,729
Restructuring 28 114 747 1,086
Total operating expenses 27,929 33,410 54,581 70,673
Loss from operations (4,624) (13,069) (12,317) (34,290)
Interest expense 0 (1,648) 0 (6,747)
Other income (expense), net 1,018 (4,452) 2,132 1,201
Loss before income taxes (3,606) (19,169) (10,185) (39,836)
Income tax expense (41) (30) (71) (72)
Loss from continuing operations (3,647) (19,199) (10,256) (39,908)
Net loss from discontinued operations (Note 16) (2,998) (222) (5,801) (176)
Net loss (6,645) (19,421) (16,057) (40,084)
Less: Net loss attributable to noncontrolling interest included in discontinued operations 0 14 182 9
Net loss attributable to Blend Labs, Inc. (6,645) (19,407) (15,875) (40,075)
Less: Accretion of redeemable noncontrolling interest to redemption value from discontinued operations 0 (1,527) (1,254) (2,988)
Less: Accretion of Series A redeemable convertible preferred stock to redemption value (4,376) (2,661) (8,578) (2,661)
Net loss attributable to Blend Labs, Inc. common stockholders, basic (11,021) (23,595) (25,707) (45,724)
Net loss attributable to Blend Labs, Inc. common stockholders, diluted $ (11,021) $ (23,595) $ (25,707) $ (45,724)
Net loss per share attributable to Blend Labs, Inc. common stockholders - basic and diluted:        
Continuing operations, basic (in dollars per share) $ (0.03) $ (0.09) $ (0.07) $ (0.17)
Continuing operations, diluted (in dollars per share) (0.03) (0.09) (0.07) (0.17)
Discontinuing operations, basic (in dollars per share) (0.01) 0.00 (0.03) (0.01)
Discontinuing operations, diluted (in dollars per share) $ (0.01) $ 0.00 $ (0.03) $ (0.01)
Weighted average shares used in calculating net loss per share:        
Basic (in shares) 259,211 253,069 259,004 252,000
Diluted (in shares) 259,211 253,069 259,004 252,000
Comprehensive loss:        
Net loss $ (6,645) $ (19,421) $ (16,057) $ (40,084)
Unrealized loss on marketable securities (44) (42) (38) (146)
Foreign currency translation (loss) gain (7) 0 (50) 9
Comprehensive loss (6,696) (19,463) (16,145) (40,221)
Less: Comprehensive loss attributable to noncontrolling interest included in discontinued operations 0 14 182 9
Comprehensive loss attributable to Blend Labs, Inc. (6,696) (19,449) (15,963) (40,212)
Software platform        
Revenue        
Total revenue 29,391 26,475 53,651 48,211
Cost of revenue        
Total cost of revenue 6,505 5,674 12,369 10,849
Professional services        
Revenue        
Total revenue 2,132 2,221 4,642 4,325
Cost of revenue        
Total cost of revenue $ 1,713 $ 2,681 $ 3,660 $ 5,304