Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 177

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 177
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Number of users. As the vast majority of our customers generally pay fees based on the number of users on our platform within their organization, we believe that the total number of users continues to be an indicator of the status of our business. We anticipate that in the future, we will see a higher volume of customers on our updated pricing models that are based on other factors including product mix, customer size, and volumetrics, such as transactions or entities.

Non-GAAP Financial Measures

In addition to our results determined in accordance with GAAP, we believe the non-GAAP measures below are useful to us and our investors in evaluating our business. These non-GAAP financial measures are useful because they provide consistency and comparability with our past performance, facilitate period-to-period comparisons of operations and facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results.

Quarter Ended June 30,Six Months Ended June 30,2025202420252024(in thousands, except percentages)GAAP gross profit$129,403 $120,158 $255,410 $238,522 GAAP gross margin75.2%74.9%75.4%75.0%GAAP operating income$7,545 $2,208 $11,120 $3,956 GAAP operating margin4.4%1.4%3.3%1.2%GAAP net income attributable to BlackLine, Inc.$8,292 $76,690 $14,347 $87,519 Diluted net income per share attributable to BlackLine, Inc.$0.13 $0.22 $0.23 $0.39 

Quarter Ended June 30,Six Months Ended June 30,2025202420252024(in thousands, except percentages)Non-GAAP gross profit$137,145 $127,232 $269,979 $251,628 Non-GAAP gross margin79.7%79.3%79.7%79.1%Non-GAAP operating income$38,007 $31,731 $72,960 $58,531 Non-GAAP operating margin22.1%19.8%21.5%18.4%Non-GAAP net income attributable to BlackLine, Inc.$37,902 $42,928 $74,226 $83,003 Diluted non-GAAP net