Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 185

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 185
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 million decrease in employee compensation and benefits; partially offset by

•$3.1 million increase primarily related to advisory and legal-related expenses. 

Restructuring costs

 Quarter Ended June 30,ChangeSix Months Ended June 30,Change 20252024$%20252024$% (in thousands, except percentages)Restructuring costs$1,044 $928 $116 13%$6,343 $1,372 $4,971 362%

Restructuring costs of $1.0 million and $6.3 million were incurred during the quarter and six months ended June 30, 2025, respectively, related to one-time termination benefits under the Fiscal 2025 restructuring program, while restructuring costs of $0.9 million and $1.4 million were incurred during the quarter and six months ended June 30, 2024, respectively, related to one-time termination benefits under the Fiscal 2023 restructuring program. Refer to “Note 9 - Restructuring Costs” in our unaudited condensed consolidated financial statements for additional information. 

Interest income 

Quarter Ended June 30,ChangeSix Months Ended June 30,Change20252024$%20252024$%(in thousands, except percentages)Interest income$8,555 $14,065 $(5,510)(39%)$17,447 $29,425 $(11,978)(41%)

30

The decrease in interest income during the quarter and six months ended June 30, 2025, compared to the quarter and six months ended June 30, 2024, was due to decreased average balances on our investments and, to a lesser extent, a decrease in average interest rates on our investments and cash balances.

Interest expense

Quarter Ended June 30,ChangeSix Months Ended June 30,Change20252024$%20252024$%(in thousands, except percentages)Interest expense$2,533 $2,089 $444 21%$5,055 $3,558 $1,497 42%

The increase in interest expense during the quarter and six months ended June 30, 2025, compared to the quarter and six months ended June 30, 2024, was primarily due to the cash interest expense and amortization of debt issuance costs related to our 2029 Notes issued in May 2024, partially offset by a decrease in interest expense from the partial