Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 184

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 184
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 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 23,357 69,343 65,959 Transaction-related costs— 358 3,138 568 Restructuring and legal settlement costs2,668 356 9,262 1,728 Total non-GAAP operating income$38,135 $37,624 $111,095 $96,155 GAAP operating margin4.3%5.0%3.6%2.5%Non-GAAP operating margin21.4%22.7%21.5%19.9%Non-GAAP Net Income Attributable to BlackLine, Inc.:Net income attributable to BlackLine, Inc.$5,285 $17,238 $19,632 $104,757 Provision for (benefit from) income