Blend Results Presentation Deck

Q2 2022 GAAP Financial Results (in thousands) Revenue Cost of revenue Gross profit Operating expenses: Research and development Sales and marketing General and administrative Amortization of acquired intangible assets Impairment of intangible assets and goodwill Restructuring Total operating expenses Loss from operations Interest expense Other income (expense), net Loss before income taxes Income tax (expense) benefit Net (loss) income Less: Net loss attributable to noncontrolling interest Net (loss) income attributable to Blend Labs, Inc. Less: Accretion of redeemable noncontrolling interest to redemption value Less: Undistributed earnings attributable to participating securities Net loss attributable to Blend Labs, Inc. common stockholders Net loss per share attributable to Blend Labs, Inc. common stockholders: Basic Diluted Weighted average shares used in calculating net loss per share: Basic Diluted $ $ $ $ Three Months Ended June 30, 2022 2021 65,539 $ 40,274 25,265 35,500 22,438 36,472 4,068 391,823 6,380 496,681 (471,416) (5,726) 6 (477,136) (66) (477,202) 35,831 (441,371) (37,008) (478,379) S (2.06) S (2.06) S 232,501 232,501 32,062 $ 12,360 19,702 20,884 18,271 20,181 59,336 (39,634) 112 (39,522) 45,288 5,766 5,766 (5,766) $ 0.00 $ 0.00 S 51,956 77,864 Six Months Ended June 30, 2022 2021 137,063 $ 82,929 54,134 70,606 44,779 73,574 8,136 391,823 6,380 595,298 (541,164) (11,284) 97 (552,351) 2,731 (549,620) 36,145 (513,475) (38,450) (551,925) S (2.38) S (2.38) S 231,421 231,421 63,937 23,220 40,717 37,958 34,136 35,464 107,558 (66,841) 262 (66,579) 45,278 (21,301) (21,301) (21,301) (0.44) (0.44) 48,547 48,547 blend 10

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