Blend Labs Inc

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

BLND$1.08+9.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

(In thousands, except per share amounts)

	March 31, 2024	December 31, 2023
Assets
Current assets:
Cash and cash equivalents	$84,521	$30,962
Marketable securities and other investments	43,504	105,960
Trade and other receivables, net of allowance for credit losses of $128 and $149, respectively	18,179	18,345
Prepaid expenses and other current assets	13,321	14,569
Total current assets	159,525	169,836
Property and equipment, net	5,984	3,945
Operating lease right-of-use assets	8,358	8,565
Intangible assets, net	2,103	2,108
Deferred contract costs	2,197	2,453
Restricted cash, non-current	7,294	7,291
Other non-current assets	16,299	11,867
Total assets	$201,760	$206,065
Liabilities, Redeemable Noncontrolling Interest and Stockholders’ Equity
Current liabilities:
Accounts payable	$1,898	$2,170
Deferred revenue	21,540	8,984
Accrued compensation	5,186	5,562
Other current liabilities	13,935	14,858
Total current liabilities	42,559	31,574
Operating lease liabilities, non-current	6,398	6,982
Other non-current liabilities	2,056	2,228
Debt, non-current, net	138,854	138,334
Total liabilities	189,867	179,118
Commitments and contingencies (Note 8)
Redeemable noncontrolling interest	47,656	46,190
Stockholders’ equity:
Preferred stock, $0.00001 par value: 200,000 shares authorized and no shares issued and outstanding as of March 31, 2024 and December 31, 2023	—	—
Class A, Class B and Class C Common Stock, $0.00001 par value: 3,000,000 (Class A 1,800,000, Class B 600,000, Class C 600,000) shares authorized; 252,319 (Class A 242,769, Class B 9,550, Class C 0) and 249,910 (Class A 240,262, Class B 9,648, Class C 0) shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	2	2
Additional paid-in capital	1,326,187	1,321,944
Accumulated other comprehensive loss	346	441
Accumulated deficit	(1,362,298)	(1,341,630)
Total stockholders’ equity	(35,763)	(19,243)
Total liabilities, redeemable noncontrolling interest and stockholders’ equity	$201,760	$206,065

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.