Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 158

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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 Company currently estimates that it will incur expenses of up to $6.0 million, primarily for severance and other termination benefits. The Company expects to recognize these anticipated expenses primarily during the first and second quarters of fiscal year 2025, and to have substantially completed the planned actions during fiscal 2025, subject to local law and regulatory requirements, which may extend the process in certain countries.During the quarter ended March 31, 2025, the Company recorded $5.3 million for one-time termination benefits related to the Fiscal 2025 restructuring program, which occurred in the United States and various international locations. The charges were recorded pursuant to ASC 420, Exit or Disposal Obligations. The liability for the Fiscal 2025 restructuring program was included in accrued expenses and other current liabilities in the unaudited condensed consolidated balance sheets, and the following table summarizes the related activity for the quarter ended March 31, 2025 (in thousands):Accrual balance at December 31, 2024$— Restructuring charges5,299 Cash payments(628)Accrual balance at March 31, 2025$4,671 

Note 10 – Stockholders’ Equity

Stock-based compensation expenseStock-based compensation expense was as follows (in thousands):Quarter Ended March 31,20252024Cost of revenues$2,801 $1,962 Sales and marketing6,044 5,794 Research and development3,350 2,851 General and administrative6,379 7,955 $18,574 $18,562 For the quarters ended March 31, 2025 and 2024, stock-based compensation capitalized as an asset was $0.9 million and $0.9 million, respectively. Stock options - service-only vesting conditionsThe following table summarizes activity for awards that contain service-only vesting conditions (in thousands):Outstanding at December 31, 20241,237 Granted— Exercised(53)Forfeited/canceled(14)Outstanding at March 31, 20251,170 

16

Restricted stock units - service-only vesting conditionsThe following table summarizes activity for restricted stock units that contain service-only vesting conditions (in thousands):Nonvested at December 31, 20242,811 Granted89 Vested(436)Forfeited/canceled(209)Nonvested at March 31,