Blend Labs, Inc.

For the period ended Mar 31, 2026. Filed May 7, 2026.

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, 2026 · Filed May 7, 2026

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, 2026	December 31, 2025
Assets
Current assets:
Cash and cash equivalents	$37,430	$45,061
Marketable securities and other investments	21,607	24,739
Trade and other receivables, net of allowance for credit losses of $79 and $112, respectively	17,880	8,786
Prepaid expenses and other current assets	16,183	17,257
Current assets held for sale from discontinued operations	—	3,958
Total current assets	93,100	99,801
Property and equipment, net	22,624	22,997
Operating lease right-of-use assets	1,271	1,394
Deferred contract costs	3,382	3,425
Other non-current assets	40,882	41,425
Non-current assets held for sale from discontinued operations	—	1,003
Total assets	$161,259	$170,045
Liabilities, redeemable equity and stockholders’ equity
Current liabilities:
Accounts payable	$259	$1,858
Deferred revenue	34,022	19,385
Accrued compensation	3,988	4,560
Other current liabilities	13,181	11,523
Current liabilities held for sale from discontinued operations	—	2,128
Total current liabilities	51,450	39,454
Other non-current liabilities	1,496	1,569
Total liabilities	52,946	41,023
Commitments and contingencies (Note 7)
Series A redeemable convertible preferred stock, par value $0.00001 per share: 200,000 shares authorized as of March 31, 2026 and December 31, 2025, 150 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively (Note 8)	164,226	159,495
Stockholders’ equity:
Class A, Class B and Class C Common Stock, par value $0.00001 per share: 3,000,000 (Class A 1,800,000, Class B 600,000, Class C 600,000) shares authorized as of March 31, 2026 and December 31, 2025; 247,336 (Class A 244,080, Class B 3,256, Class C 0) and 256,043 (Class A 252,787, Class B 3,256, Class C 0) shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	2	2
Additional paid-in capital	1,343,247	1,360,704
Accumulated other comprehensive income	663	597
Accumulated deficit	(1,399,825)	(1,391,776)
Total stockholders’ equity	(55,913)	(30,473)
Total liabilities, redeemable equity and stockholders’ equity	$161,259	$170,045

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.