Blend Labs Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	55.04	30.96	124.2	213.08	41.09	22.65
Short-Term Investments	61.74	105.96	229.95	334.15	112.79	104.62
Cash & Short-Term Investments	116.79	136.92	354.15	547.23	153.88	127.27
Cash Growth	-52.33%	-61.34%	-35.28%	255.62%	20.91%	-
Receivables	19.06	19.94	23.97	39.44	22.06	10.84
Prepaid Expenses	6.47	9.61	11.3	14.26	4.13	2.87
Restricted Cash	-	-	-	-	0.17	0.62
Other Current Assets	4.09	3.36	6.68	12.09	5.91	3.25
Total Current Assets	146.4	169.84	396.1	613.02	186.15	144.85
Property, Plant & Equipment	11.44	12.51	17.41	20.87	17.28	2.96
Long-Term Investments	9.8	-	-	5.5	-	-
Goodwill	-	-	-	287.23	-	-
Other Intangible Assets	2.09	2.11	2.13	173.01	1.21	4.14
Long-Term Deferred Charges	2.06	2.45	1.89	4.18	5.41	3.37
Other Long-Term Assets	14.34	19.16	15.24	8.69	5.7	5.98
Total Assets	186.13	206.07	432.76	1,112	215.75	161.3
Accounts Payable	1.86	2.17	1.26	6.16	3.44	3.14
Accrued Expenses	15.59	13.27	18.94	35.17	15.07	5.88
Current Portion of Leases	4.32	4.38	4.09	3.86	2.58	-
Current Unearned Revenue	19.86	8.98	8.7	8.07	13.62	12.4
Other Current Liabilities	3.62	2.77	2.49	6.77	0.32	0.31
Total Current Liabilities	45.24	31.57	35.47	60.03	35.03	21.73
Long-Term Debt	-	138.33	216.8	213.84	-	-
Long-Term Leases	0.96	6.98	11.09	14.61	14	-
Long-Term Deferred Tax Liabilities	-	-	-	2.86	-	-
Other Long-Term Liabilities	1.29	2.23	5.48	10.55	3.38	4.6
Total Liabilities	47.49	179.12	268.84	301.9	52.41	26.33
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	1,334	1,322	1,287	1,218	50.97	26.29
Retained Earnings	-1,384	-1,342	-1,163	-442.77	-272.85	-198.24
Comprehensive Income & Other	0.77	0.44	-0.71	-0.81	-0.01	0.09
Total Common Equity	-49.6	-19.24	123.17	774.64	-221.89	-171.85
Minority Interest	50.75	46.19	40.75	35.95	-	-
Shareholders' Equity	138.64	26.95	163.92	810.59	163.34	134.97
Total Liabilities & Equity	186.13	206.07	432.76	1,112	215.75	161.3
Total Debt	5.27	149.7	231.98	232.31	16.58	-
Net Cash (Debt)	111.52	-12.77	122.17	314.92	137.3	127.27
Net Cash Growth	724.39%	-	-61.21%	129.37%	7.88%	-
Net Cash Per Share	0.44	-0.05	0.52	2.39	3.48	3.88
Filing Date Shares Outstanding	255.93	252.05	242.85	232.41	47.95	32.78
Total Common Shares Outstanding	255.88	249.91	240.93	230.32	47.95	32.78
Working Capital	101.16	138.26	360.62	552.99	151.12	123.12
Book Value Per Share	-0.19	-0.08	0.51	3.36	-4.63	-5.24
Tangible Book Value	-51.69	-21.35	121.05	314.41	-223.1	-175.99
Tangible Book Value Per Share	-0.20	-0.09	0.50	1.37	-4.65	-5.37
Machinery	3.66	8.21	7.73	5.85	3.37	2.44
Leasehold Improvements	-	4.89	4.88	4.94	4.46	2.72

Source: S&P Capital IQ. Standard template. Financial Sources.