Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 25

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 investors as it eliminates the impact of items that have been impacted by our acquisitions and other related costs to allow a direct comparison of net income between all periods presented.

Reconciliation of Non-GAAP Financial Measures

The following table presents a reconciliation of gross profit, gross margin, operating income, operating margin, and net income, the most comparable GAAP measures, to non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, and non-GAAP net income:

Quarter Ended March 31,20252024(in thousands, except percentages)Non-GAAP Gross Profit:Gross profit$126,007 $118,364 Amortization of acquired developed technology3,173 3,384 Stock-based compensation3,646 2,596 Transaction-related costs8 52 Total non-GAAP gross profit$132,834 $124,396 Gross margin75.5 %75.2 %Non-GAAP gross margin79.6 %79.0 %Non-GAAP Operating Income:Operating income$3,575 $1,748 Amortization of intangible assets3,650 5,196 Stock-based compensation19,419 19,196 Transaction-related costs3,010 216 Restructuring costs5,299 444 Total non-GAAP operating income$34,953 $26,800 GAAP operating margin2.1 %1.1 %Non-GAAP operating margin20.9 %17.0 %Non-GAAP Net Income Attributable to BlackLine, Inc.:Net income attributable to BlackLine, Inc.$6,055 $10,829 Benefit from income taxes(654)(583)Amortization of intangible assets3,650 5,196 Stock-based compensation19,308 19,085 Amortization of debt issuance costs834 1,385 Transaction-related costs3,010 216 Restructuring costs5,299 444 Adjustment to redeemable non-controlling interest(1,178)3,503 Total non-GAAP net income attributable to BlackLine, Inc.$36,324 $40,075 

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Results of Operations

The following table sets forth our statements of operations information for each of the periods indicated:

Quarter Ended March 31,20252024(in thousands)RevenuesSubscription and support$158,462 $149,501