Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 11

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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's unaudited condensed consolidated statements of operations. 

13

Marketable securities in a continuous loss position for less than 12 months had an estimated fair value of $87.2 million at March 31, 2025, and unrealized losses were nominal at March 31, 2025. There were no marketable securities in a continuous loss position for greater than 12 months at March 31, 2025.The Company's marketable securities are considered to be of high credit quality and accordingly, there was no allowance for credit losses related to marketable securities at March 31, 2025.Other AssetsDeferred customer contract acquisition costs are included in other assets in the unaudited condensed consolidated balance sheets and totaled $86.5 million and $86.1 million at March 31, 2025 and December 31, 2024, respectively.Accrued Expenses and Other Current LiabilitiesAccrued expenses and other current liabilities were comprised of the following (in thousands):March 31,2025December 31,2024Accrued salaries and employee benefits$26,642 $41,833 Accrued income and other taxes payable11,733 11,297 Accrued restructuring costs4,671 — Other accrued expenses and current liabilities19,713 18,444 $62,759 $71,574 

Note 7 – Fair Value Measurements 

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis by level, within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):March 31, 2025Level 1Level 2Level 3TotalCash equivalentsMoney market funds$401,649 $— $— $401,649 Commercial paper— 9,992 — 9,992 Marketable securitiesU.S. treasury securities254,747 — — 254,747 Commercial paper— 132,198 — 132,198 Total assets$656,396 $142,190 $— $798,586 December 31, 2024Level 1Level 2Level 3TotalCash equivalentsMoney market funds$809,906 $— $— $809,906 Total assets$809,906 $— $— $809,906