Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 26

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 26
---
 Professional services8,469 7,960 Total revenues166,931 157,461 Cost of revenuesSubscription and support34,130 32,052 Professional services6,794 7,045 Total cost of revenues40,924 39,097 Gross profit126,007 118,364 Operating expensesSales and marketing63,063 61,111 Research and development25,725 25,015 General and administrative28,345 30,046 Restructuring costs5,299 444 Total operating expenses122,432 116,616 Income from operations3,575 1,748 Other income (expense)Interest income8,892 15,360 Interest expense(2,522)(1,469)Other income, net6,370 13,891 Income before income taxes9,945 15,639 Provision for income taxes4,671 869 Net income5,274 14,770 Net income attributable to redeemable non-controlling interest397 438 Adjustment attributable to redeemable non-controlling interest (1,178)3,503 Net income attributable to BlackLine, Inc.$6,055 $10,829 

Comparison of Quarters Ended March 31, 2025 and 2024

Revenues

Quarter Ended March 31,Change20252024$%(in thousands, except percentages)Subscription and support$158,462 $149,501 $8,961 6 %Professional services8,469 7,960 509 6 %Total revenues$166,931 $157,461 $9,470 6 %

March 31,20252024Dollar-based net revenue retention rate104 %105 %Number of customers4,455 4,411 Number of users393,892 387,050 

24

The increase in revenues for the quarter ended March 31, 2025, compared to the quarter ended March 31, 2024, was primarily driven by revenue from existing customers, which also grew from additional users and product expansion. The total number of customers and users at March 31, 2025, increased by 1% and 2%, respectively, as compared to March 31, 2024.

Cost of revenues

Quarter Ended March 31,Change20252024$%(in thousands, except percentages)Subscription and support$34,130