Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 253

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 253
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ization of intangible assets, stock-based compensation, amortization of debt issuance costs from our 0.00% Convertible Senior Notes due in 2026 (the “2026 Notes”) and 1.00% Convertible Senior Notes due in 2029 (the “2029 Notes” and, together with the 2026 Notes, the “Notes” or “convertible senior notes”), change in fair value of contingent consideration, transaction-related costs, legal settlement gains or costs, restructuring costs, adjustment to the redeemable non-controlling interest to the redemption amount, and gain on extinguishment of convertible senior notes. Diluted non-GAAP net income per share attributable to BlackLine, Inc. includes the adjustment for shares resulting from the elimination of stock-based compensation. We believe that presenting 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.

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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 June 30,Six Months Ended June 30,2025202420252024(in thousands, except percentages)Non-GAAP Gross Profit:Gross profit$129,403 $120,158 $255,410 $238,522 Amortization of acquired developed technology3,207 3,383 6,380 6,767 Stock-based compensation4,535 3,653 8,181 6,249 Transaction-related costs— 38 8 90 Total non-GAAP gross profit$137,145 $127,232 $269,979 $251,628 Gross margin75.2%74.9%75.4%75.0%Non-GAAP gross margin79.7%79.3%79.7%79.1%Non-GAAP Operating Income:Operating income$7,545 $2,208 $11,120 $3,956 Amortization of intangible assets3,468 5,195 7,118 10,391 Stock-based compensation25,571 23,406