Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 22

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 22
---
$19,986 $48,109 Denominator:Weighted average shares61,157 62,250 62,035 61,958 Dilutive effect of securities655 477 588 679 Dilutive effect of convertible senior notes1,385 11,243 1,385 10,494 Shares used to calculate diluted net income per share63,197 73,970 64,008 73,131 Diluted net income per share attributable to BlackLine, Inc.$0.09 $0.27 $0.31 $0.66 The Company computes basic earnings per share attributable to BlackLine, Inc. using the weighted average number of common shares outstanding. The Company computes diluted earnings per share attributable to BlackLine, Inc. using the weighted average number of common shares outstanding plus the effect of potentially dilutive shares, which is based on the weighted-average shares of common stock underlying stock options and unvested stock awards using the treasury stock method, and the effect of the convertible senior notes using the if-converted method. For the quarter and nine months ended September 30, 2025, diluted earnings per share attributable to BlackLine, Inc. excludes the impact of the 2029 Notes as their inclusion would have been antidilutive. The weighted average impact of potentially dilutive securities that were excluded from the diluted per share calculations because they were anti-dilutive were as follows (in thousands):Quarter Ended September 30,Nine Months Ended September 30,2025202420252024Stock options - service-only vesting conditions292 491 383 397 Restricted stock units - service-only vesting conditions1,178 2,653 1,445 2,170 Restricted stock units - performance and service conditions139 73 106 49 Restricted stock units - market and service conditions377 202 316 137 Total shares excluded from net income per share1,986 3,419 2,250 2,753 The denominator for diluted net income per share attributable to BlackLine, Inc. does not include any effect from the Capped Calls as this effect would be anti-dilutive. In the event of conversion of the Notes, shares delivered to the Company under the Capped Calls would offset the dilutive effect of the shares that the Company would issue 

21

under the Notes. Refer to “Note 8 - Convertible Senior Notes” for additional information on the Notes