Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 237

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 237
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 invoiced as a separate entity is treated as a separate customer. However, where an existing customer requests its invoice be divided for the sole purpose of restructuring its internal billing arrangement without any incremental increase in revenue, such customer continues to be treated as a single customer. For the quarters ended March 31, 2025 and 2024, no single customer accounted for more than 10% of our total revenues.

21

Number of users. Since our customers generally pay fees based on the number of users on our platform within their organization, we believe the total number of users is an indicator of the growth of our business. While the fees for the majority of the products we sell are user-based, we anticipate that we will see a higher volume of transactions based on our updated pricing models that are based on additional factors, including customer size, product mix, 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 March 31,20252024(in thousands, except percentages)GAAP gross profit$126,007 $118,364 GAAP gross margin75.5 %75.2 %GAAP operating income$3,575 $1,748 GAAP operating margin2.1 %1.1 %GAAP net income attributable to BlackLine, Inc.$6,055 $10,829 Diluted net income per share attributable to BlackLine, Inc.$0.10 $0.17 

Quarter Ended March 31,20252024(in thousands, except percentages)Non-GAAP gross profit$132,834 $124,396 Non-GAAP gross margin79.6 %79.0 %Non-GAAP operating income$34,953 $26,800 Non-GAAP operating margin20.9 %17.0 %Non-GAAP net income attributable to BlackLine, Inc.$36,324 $40,075 Diluted non-GAAP net income per share attributable to BlackLine, Inc.$0.49 $0.54 

Non-GAAP