Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 40

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
 Sales of additional equity or equity-linked securities could result in dilution to our stockholders. If we raise funds by borrowing from third parties, the terms of those financing arrangements would require us to incur interest expense and may include negative covenants or other restrictions on our business that could impair our operating flexibility. We can provide no assurance that financing will be available at all or, if available, that we would be able to obtain financing on terms favorable to us. If we are unable to raise additional capital when needed, we would be required to curtail our operating activities and capital expenditures, and our business operating results and financial condition would be adversely affected.

Cash Flows

The following table sets forth a summary of our cash flows for the periods indicated:

Six Months Ended June 30,20252024(in thousands)Net cash provided by operating activities$79,087 $91,123 Net cash provided by (used in) investing activities$(414,018)$506,431 Net cash used in financing activities$(92,224)$(251,629)

Net Cash Provided By Operating Activities

Our cash flows provided by operating activities are primarily influenced by our net income, as applicable, and cash generated from collections in accordance with our subscription-based revenue model wherein billings occur in advance of revenue recognition, as well as the substantial amount of non-cash charges that we incur. Non-cash activities primarily include depreciation and amortization, stock-based compensation, non-cash lease expense, amortization of debt issuance costs, accretion of premiums on marketable securities, and deferred taxes.

For the six months ended June 30, 2025, cash provided by operating activities was $79.1 million, resulting from net non-cash expenses of approximately $63.6 million, net income of $12.7 million, and net cash flows provided as a result of changes in operating assets and liabilities of $2.8 million. The $2.8 million of net cash flows provided as a result of changes in our operating assets and liabilities reflected primarily the following:

•$5.5 million decrease in accounts receivable primarily due to increased collections;

•$5.4 million increase in other long-term liabilities;

33

•$4.8 million net decrease in prepaid expenses and other current assets primarily due to amortization of prepaid balances and timing of tax payments, partially offset by prepaid insurance and cloud-based data storage costs to support our suite of solutions;

•$2.5 million increase