Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 260

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 260
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 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 repurchase of our 2026 Notes and the repayment of our 2024 Notes in August 2024. Refer to “Note 8 - Convertible Senior Notes” in our unaudited condensed consolidated financial statements for additional information. 

Gain on extinguishment of convertible senior notes

 Quarter Ended June 30,ChangeSix Months Ended June 30,Change 20252024$%20252024$% (in thousands, except percentages)Gain on extinguishment of convertible senior notes$— $65,112 $(65,112)(100%)$— $65,112 $(65,112)(100%)

The gain on extinguishment of convertible senior notes during the quarter and six months ended June 30, 2024 resulted from the partial repurchase of our 2026 Notes in May 2024. Refer to “Note 8 - Convertible Senior Notes” for additional information.

Provision for income taxes 

Quarter Ended June 30,ChangeSix Months Ended June 30,Change20252024$%20252024$%(in thousands, except percentages)Provision for income taxes$6,176 $4,337 $1,839 42%$10,847 $5,206 $5,641 108%

We are subject to federal and state income taxes in the U.S. and taxes in foreign jurisdictions. For the quarter and six months ended June 30, 2025, our annual estimated effective tax rate differed from the U.S. federal statutory rate of 21% primarily as a result of non-deductible officer compensation, stock-based compensation shortfalls, foreign taxes, and changes in our valuation allowance for income taxes.

For the quarters ended June 30, 2025 and 2024, we recorded $6.2 million and $4.3 million in income tax