Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 170

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 170
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 operations3,575 1,748 Other income (expense)Interest income8,892 15,360 Interest expense(2,522)(1,469)Other income, net6,370 13,891 Income before income taxes9,945 15,639 Provision for income taxes4,671 869 Net income5,274 14,770 Net income attributable to redeemable non-controlling interest397 438 Adjustment attributable to redeemable non-controlling interest (1,178)3,503 Net income attributable to BlackLine, Inc.$6,055 $10,829 

Comparison of Quarters Ended March 31, 2025 and 2024

Revenues

Quarter Ended March 31,Change20252024$%(in thousands, except percentages)Subscription and support$158,462 $149,501 $8,961 6 %Professional services8,469 7,960 509 6 %Total revenues$166,931 $157,461 $9,470 6 %

March 31,20252024Dollar-based net revenue retention rate104 %105 %Number of customers4,455 4,411 Number of users393,892 387,050 

24

The increase in revenues for the quarter ended March 31, 2025, compared to the quarter ended March 31, 2024, was primarily driven by revenue from existing customers, which also grew from additional users and product expansion. The total number of customers and users at March 31, 2025, increased by 1% and 2%, respectively, as compared to March 31, 2024.

Cost of revenues

Quarter Ended March 31,Change20252024$%(in thousands, except percentages)Subscription and support$34,130 $32,052 $2,078 6 %Professional services6,794 7,045 (251)(4 %)Total cost of revenues$40,924 $39,097 $1,827 5 %Gross margin75.5 %75.2 %

The increase in total cost of revenues for the quarter ended March 31, 2025, compared to the quarter ended March 31, 2024, was primarily due to the following:

•$1.2 million increase in computer software expenses due to higher spend on cloud hosting services as customers continue