XML 22 R5.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Revenue $ 234,495 $ 96,029 $ 50,671
Cost of revenue 118,506 34,289 19,547
Gross profit 115,989 61,740 31,124
Operating expenses:      
Research and development 92,216 55,503 48,597
Sales and marketing 84,077 51,420 37,660
General and administrative 128,802 30,108 26,589
Amortization of acquired intangible assets 8,136 0 0
Total operating expenses 313,231 137,031 112,846
Loss from operations (197,242) (75,291) (81,722)
Interest expense (11,279) 0 0
Other income (expense), net 493 700 283
Loss before income taxes (208,028) (74,591) (81,439)
Income tax benefit (expense) 38,886 (26) (13)
Net loss (169,142) (74,617) (81,452)
Net income attributable to noncontrolling interest (771) 0 0
Net Income (Loss) Attributable to Parent, Total (169,913) (74,617) (81,452)
Less: Accretion of RNCI to redemption value (1,430) 0 0
Net loss attributable to Blend Labs, Inc. common stockholders (74,617) (171,343) (81,452)
Net loss attributable to Blend Labs, Inc. common stockholders $ (74,617) $ (171,343) $ (81,452)
Net loss per share attributable to Blend Labs, Inc. common stockholders:      
Basic (in dollars per share) $ (1.30) $ (1.89) $ (2.49)
Diluted (in dollars per share) $ (1.30) $ (1.89) $ (2.49)
Weighted average shares used in calculating net loss per share:      
Weighted average shares used in calculating net loss per share basic (in shares) 131,985 39,407 32,776
Weighted average shares used in calculating net loss per share diluted (in shares) 131,985 39,407 32,776
Comprehensive loss:      
Net loss $ (169,142) $ (74,617) $ (81,452)
Unrealized (loss) gain on marketable securities (794) (98) 143
Foreign currency translation loss (9) 0 0
Comprehensive loss (169,945) (74,715) (81,309)
Less: Comprehensive income attributable to noncontrolling interest (771) 0 0
Comprehensive loss attributable to Blend Labs, Inc. $ (170,716) $ (74,715) $ (81,309)