Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 191

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 191
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, to a lesser extent, decreased average balances on our investments and cash balances. 

The decrease in interest income during the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, was primarily due to decreased average balances on our investments and, to a lesser extent, a decrease in average interest rates on our investments and cash balances.

Interest expense

Quarter Ended September 30,ChangeNine Months Ended September 30,Change20252024$%20252024$%(in thousands, except percentages)Interest expense$2,545 $2,677 $(132)(5%)$7,600 $6,235 $1,365 22%

The decrease in interest expense during the quarter ended September 30, 2025, compared to the quarter ended September 30, 2024, was primarily due to the repayment of our 2024 Notes in August 2024. The increase in interest expense during the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, was primarily due to the cash interest expense and amortization of debt issuance costs related to our 2029 Notes issued in May 2024, partially offset by a decrease in interest expense from the partial repurchase of our 2026 Notes and the repayment of our 2024 Notes in August 2024. Refer to “Note 8 - Convertible Senior Notes” in our unaudited condensed consolidated financial statements for additional information. 

Gain on extinguishment of convertible senior notes

 Quarter Ended September 30,ChangeNine Months Ended September 30,Change 20252024$%20252024$% (in thousands, except percentages)Gain on extinguishment of convertible senior notes$— $— $— N/M$— $65,112 $(65,112)(100%)

The gain on extinguishment of convertible senior notes during the nine months ended September 30, 2024 resulted from the partial repurchase of our 2026 Notes in May 2024. Refer to “Note 8 - Convertible Senior Notes” for additional information.

32

Provision for income taxes 

Quarter Ended September 30,ChangeNine Months Ended September 30,Change20252024$%20252024$%(in thousands, except percentages)Provision for income taxes$4,653 $2,101 $2,552 121%$15,