Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 266

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 266
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 costs of $2.3 million and $8.6 million were incurred during the quarter and nine months ended September 30, 2025, respectively, primarily related to one-time termination benefits under the Fiscal 2025 

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restructuring programs, while restructuring costs of $0.4 million and $1.7 million were incurred during the quarter and nine months ended September 30, 2024, respectively, related to one-time termination benefits under the Fiscal 2023 restructuring program. Refer to “Note 9 - Restructuring Costs” in our unaudited condensed consolidated financial statements for additional information. 

Interest income 

Quarter Ended September 30,ChangeNine Months Ended September 30,Change20252024$%20252024$%(in thousands, except percentages)Interest income$8,200 $10,984 $(2,784)(25%)$25,647 $40,409 $(14,762)(37%)

The decrease in interest income during the quarter ended September 30, 2025, compared to the quarter ended September 30, 2024, was primarily due to a decrease in average interest rates and, to a lesser extent, decreased average balances on our investments and cash balances. 

The decrease in interest income during the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, was primarily due to decreased average balances on our investments and, to a lesser extent, a decrease in average interest rates on our investments and cash balances.

Interest expense

Quarter Ended September 30,ChangeNine Months Ended September 30,Change20252024$%20252024$%(in thousands, except percentages)Interest expense$2,545 $2,677 $(132)(5%)$7,600 $6,235 $1,365 22%

The decrease in interest expense during the quarter ended September 30, 2025, compared to the quarter ended September 30, 2024, was primarily due to the repayment of our 2024 Notes in August 2024. The increase in interest expense during the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, was primarily due to the cash interest expense and amortization of debt issuance costs related to our 2029 Notes issued in May 2024, partially offset by a decrease in interest expense from the partial repurchase of