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  "presentationDate": "2022-08-01 00:00:00",
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      "text": "(in thousands)",
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      "text": "Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Revenue 65,539 32,062 137,063 63,937 Cost of revenue 40,274 12,360 82,929 23,220 Gross profit 25,265 19,702 54,134 40,717 Operating expenses: Research and development 35,500 20,884 70,606 37,958 Sales and marketing 22,438 18,271 44,779 34,136 General and administrative 36,472 20,181 73,574 35,464 Amortization of acquired intangible assets 4,068 — 8,136 — Impairment of intangible assets and goodwill 391,823 — 391,823 — Restructuring 6,380 — 6,380 — Total operating expenses 496,681 59,336 595,298 107,558 Loss from operations (471,416) (39,634) (541,164) (66,841) Interest expense (5,726) — (11,284) — Other income (expense), net 6 112 97 262 Loss before income taxes (477,136) (39,522) (552,351) (66,579) Income tax (expense) benefit (66) 45,288 2,731 45,278 Net (loss) income (477,202) 5,766 (549,620) (21,301) Less: Net loss attributable to noncontrolling interest 35,831 — 36,145 — Net (loss) income attributable to Blend Labs, Inc. (441,371) 5,766 (513,475) (21,301) Less: Accretion of redeemable noncontrolling interest to redemption value (37,008) — (38,450) — Less: Undistributed earnings attributable to participating securities (5,766) — — — Net loss attributable to Blend Labs, Inc. common stockholders (478,379) — (551,925) (21,301) Net loss per share attributable to Blend Labs, Inc. common stockholders: Basic (2.06) 0.00 (2.38) (0.44) Diluted (2.06) 0.00 (2.38) (0.44) Weighted average shares used in calculating net loss per share: Basic 232,501 51,956 231,421 48,547 Diluted 232,501 77,864 231,421 48,547",
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      "text": "Q2 2022 GAAP Financial Results",
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