Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 30

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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AAP adjustments, amortization of intangible assets, stock-based compensation, amortization of debt issuance costs from our 0.00% Convertible Senior Notes due in 2026 (the “2026 Notes”) and 1.00% Convertible Senior Notes due in 2029 (the “2029 Notes” and, together with the 2026 Notes, the “Notes” or “convertible senior notes”), change in fair value of contingent consideration, transaction-related costs, restructuring costs, legal settlement gains or costs, adjustment to the redeemable non-controlling interest to the redemption amount, and gain on extinguishment of convertible senior notes. Diluted non-GAAP net income per share attributable to BlackLine, Inc. includes the adjustment for shares resulting from the elimination of stock-based compensation. We believe that presenting non-GAAP net income attributable to BlackLine is useful to investors as it eliminates the impact of items that have been impacted by our acquisitions and other related costs to allow a direct comparison of net income between all periods presented.

26

Reconciliation of Non-GAAP Financial Measures

The following table presents a reconciliation of gross profit, gross margin, operating income, operating margin, and net income, the most comparable GAAP measures, to non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, and non-GAAP net income:

Quarter Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands, except percentages)Non-GAAP Gross Profit:Gross profit$133,901 $124,803 $389,311 $363,325 Amortization of acquired developed technology3,243 3,360 9,623 10,127 Stock-based compensation4,382 3,537 12,563 9,786 Transaction-related costs— 36 8 126 Total non-GAAP gross profit$141,526 $131,736 $411,505 $383,364 Gross margin75.1%75.2%75.3%75.1%Non-GAAP gross margin79.4%79.4%79.6%79.2%Non-GAAP Operating Income:Operating income$7,609 $8,363 $18,729 $12,319 Amortization of intangible assets3,505 5,190 10,623 15,581 Stock-based compensation24,353