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Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary purchase price allocation and measurement period adjustments, which include certain adjustments arising from errors primarily related to the allocation of the purchase price between intangible assets and goodwill, that the Company concluded are immaterial, are as follows:

			June 30, 2021 (as previously reported)						Measurement Period Adjustments						June 30, 2021 (as adjusted)
Preliminary identifiable assets acquired and liabilities assumed			(In thousands)
Cash and cash equivalents			$	16,500					$	—					$	16,500
Trade and other receivables			19,783						(5,935)						13,848
Prepaid expenses and other current assets			7,703						203						7,906
Property and equipment, net			4,031						(2,983)						1,048
Operating lease right-of-use assets			3,520						—						3,520
Intangible assets			194,000						(13,000)						181,000
Restricted cash, non-current			335						—						335
Accounts payable			(1,165)						—						(1,165)
Accrued compensation			(3,387)						(105)						(3,492)
Other current liabilities			(10,911)						—						(10,911)
Operating lease liabilities, non-current			(1,963)						—						(1,963)
Other long-term liabilities			(45,907)						3,504						(42,403)
Net identifiable assets			182,539						(18,316)						164,223
Redeemable noncontrolling interest			(46,266)						12,518						(33,748)
Goodwill			284,798						2,430						287,228
Total purchase consideration			$	421,071					$	(3,368)					$	417,703

Schedule of Business Acquisitions

			June 30, 2021 (as previously reported)						Measurement Period Adjustments						June 30, 2021 (as adjusted)
Fair value of consideration transferred			(In thousands)
Cash consideration			420,216						$	(3,368)					$	416,848
Fair value of replacement share-based payment awards			855						—						855
Total purchase consideration			421,071						$	(3,368)					$	417,703

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The acquired intangible assets consist of the following:

			Fair Value						Estimated Useful Life
			(In thousands)						(In years)
Customer relationships			$	179,000					11
Licenses			2,000						Indefinite
Total intangible assets			$	181,000

Schedule of Acquired Indefinite-lived Intangible Assets by Major Class

The acquired intangible assets consist of the following:

			Fair Value						Estimated Useful Life
			(In thousands)						(In years)
Customer relationships			$	179,000					11
Licenses			2,000						Indefinite
Total intangible assets			$	181,000

Schedule of Pro Forma Information

The following unaudited pro forma information gives effect to the acquisition of Title365 as if it had been completed on January 1, 2020 (the beginning of the comparable prior reporting period). The pro forma financial information presented below is for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of fiscal year 2020, nor does it attempt to represent the results of future operations of the combined entities under the ownership and operation of the Company. The pro forma results of operations also do not include any cost savings or other synergies that may result from this business combination or any estimated costs that have been or will be incurred by the Company to integrate the acquired assets. These pro forma results are based on estimates and assumptions, and include the business combination accounting effects resulting from the transaction, including the amortization charges from acquired intangible assets, employee retention costs, interest expense associated with the credit facility proceeds, which were utilized to partially fund the payment of the purchase consideration, and other purchase accounting adjustments and the related tax effects as though the Company and Title365 were combined as of the beginning of January 1, 2020.

									Year Ended December 31,
															2021						2020
															(In thousands)
Revenues(1)															$	363,637					$	293,901
Net loss															(180,904)						(39,177)
Net income attributable to redeemable noncontrolling interest															3,276						1,591
Net loss attributable to Blend Labs, Inc.															(184,180)						(40,768)
(1) As part of the Company’s evaluation of Title365 accounting policies post-acquisition, Title365 revenue was adjusted to be presented net of insurance premiums paid to the underwriters, in accordance with Principal vs. Agent considerations included in ASC 606, Revenue Recognition.

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- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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