Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 197

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 197
---
 accrued interest on the 2029 Notes; and

35

•$2.2 million decrease in other assets due to a net decrease in prepaid commissions, partially offset by cloud computing costs.

These changes in our operating assets and liabilities were partially offset by the following:

•$18.9 million decrease in deferred revenue primarily driven by timing of billings for subscription and support;

•$5.5 million decrease in accounts payable due to timing of payments; and 

•$4.4 million decrease in operating lease liabilities.

Net Cash Provided By (Used In) Investing Activities

Our investing activities consist primarily of investments in, and maturities of marketable securities, capitalized software development costs, and capital expenditures for property and equipment.

For the nine months ended September 30, 2025, cash used in investing activities was $403.5 million primarily as a result of the following:

•$375.6 million of purchases of marketable securities, net of proceeds from maturities;

•$20.4 million for capitalized software development costs; and 

•$7.5 million in purchases of property and equipment. 

For the nine months ended September 30, 2024, cash provided by investing activities was $810.4 million primarily as a result of the following:

•$830.0 million of proceeds from maturities and sales, net of purchases of marketable securities; partially offset by

•$18.2 million for capitalized software development costs; and 

•$1.4 million in purchases of property and equipment.

Net Cash Used In Financing Activities

For the nine months ended September 30, 2025, cash used in financing activities was $205.9 million primarily as a result of the following:

•$200.7 million for repurchases of common stock; and

•$14.9 million for acquisitions of common stock for tax withholding obligations; partially offset by

•$5.2 million of proceeds from exercises of stock options; and

•$4.6 million of proceeds from the employee stock purchase plan. 

For the nine months ended September 30, 2024, cash used in financing activities was $503.4 million primarily as a result of the following:

•$848.5 million for the partial repurchase of the 2026 Notes; 

•$250.0 million for the repayment of the 2024 Notes with cash on hand;