Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 181

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 181
---
Income from operations7,545 2,208 11,120 3,956 Other income (expense)Interest income8,555 14,065 17,447 29,425 Interest expense(2,533)(2,089)(5,055)(3,558)Gain on extinguishment of convertible senior notes— 65,112 — 65,112 Other income, net6,022 77,088 12,392 90,979 Income before income taxes13,567 79,296 23,512 94,935 Provision for income taxes6,176 4,337 10,847 5,206 Net income7,391 74,959 12,665 89,729 Net income attributable to redeemable non-controlling interest660 524 1,057 962 Adjustment attributable to redeemable non-controlling interest (1,561)(2,255)(2,739)1,248 Net income attributable to BlackLine, Inc.$8,292 $76,690 $14,347 $87,519 

Comparison of Quarters and Six Months Ended June 30, 2025 and 2024

Revenues

Quarter Ended June 30,ChangeSix Months Ended June 30,Change20252024$%20252024$%(in thousands, except percentages)Subscription and support$163,027 $151,787 $11,240 7%$321,489 $301,288 $20,201 7%Professional services8,998 8,719 279 3%17,467 16,679 788 5%Total revenues$172,025 $160,506 $11,519 7%$338,956 $317,967 $20,989 7%

27

June 30,20252024Dollar-based net revenue retention rate105%104%Number of customers4,451 4,435 Number of users389,559 396,366 

The increase in revenues for the quarter and six months ended June 30, 2025, compared to the quarter and six months ended June 30, 2024, was primarily driven by revenue from product expansion from existing customers and bookings from new customers. The total number of customers at June 30, 2025 remained flat as compared to June 30, 2024. The total