Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 170

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 170
---
 and 2024, the Company recorded $10.8 million and $5.2 million in income tax expense, respectively. The increase in income tax expense for the quarter and six months ended June 30, 2025 compared to the prior year comparative periods ended June 30, 2024, resulted primarily from non-deductible officer compensation and stock-based compensation shortfalls, along with changes in valuation allowance and changes in the mix of profitable foreign jurisdictions.On July 4, 2025, the legislation formally titled “An Act to Provide for Reconciliation Pursuant to Title II of H. Con. Res. 14” and commonly referred to as the “One Big Beautiful Bill” (“OBBB”) was enacted. The OBBB adjusted a number of provisions affecting businesses, including the immediate expensing of domestic research and development costs, limitations on deductions for interest expense, and accelerated fixed asset depreciation. The Company is in the process of evaluating the OBBB and an estimate of the financial impact cannot be made at this time.

Note 12 – Net Income per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):Quarter Ended June 30,Six Months Ended June 30,2025202420252024Basic net income per shareNumerator:Net income attributable to BlackLine, Inc.$8,292 $76,690 $14,347 $87,519 Denominator:Weighted average shares62,143 61,979 62,481 61,811 Basic net income per share attributable to BlackLine, Inc.$0.13 $1.24 $0.23 $1.42 Diluted net income per shareNumerator:Net income attributable to BlackLine, Inc.$8,292 $76,690 $14,347 $87,519 Interest expense, net of taxes130 1,707 255 3,101 Gain on extinguishment of convertible senior notes, net of taxes— (62,147)— (62,147)Net income attributable to BlackLine, Inc. for diluted calculation$8,422 $16,250 $14,602 $28,473 Denominator:Weighted average shares62,143 61,979 62,481 61,811 Dilutive effect of securities476 635 554 781 Dilutive effect of convertible