Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 172

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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 Capped Calls”). There have been no changes to the condition of the 2026 Notes since December 31, 2024, and the 2026 Capped Calls were unchanged and still outstanding at September 30, 2025.

17

Note 9 – Restructuring Costs

Fiscal 2025 Restructuring ProgramsOn March 4, 2025, the Company announced a restructuring program that reduced its global workforce by approximately 7%, or 130 total positions, and in September 2025, the Company approved additional workforce reductions of 25 positions, including the planned closure of selected facilities (the “Fiscal 2025 restructuring programs”). During the quarter and nine months ended September 30, 2025, the Company recorded $2.3 million and $8.6 million, respectively, for one-time termination benefits related to the Fiscal 2025 restructuring programs, which occurred in the US and various international locations. The charges were recorded pursuant to ASC 420, Exit or Disposal Obligations.The liability for the Fiscal 2025 restructuring programs was included in accrued expenses and other current liabilities in the unaudited condensed consolidated balance sheets, and the following tables summarize the related activity for the quarter and nine months ended September 30, 2025 (in thousands):Accrual balance at June 30, 2025$1,582 Restructuring charges2,267 Cash payments(1,800)Accrual balance at September 30, 2025$2,049 Accrual balance at December 31, 2024$— Restructuring charges 8,610 Cash payments(6,561)Accrual balance at September 30, 2025$2,049 The Company anticipates additional charges related to these actions for employee termination benefits and other exit costs. All of the actions are part of an ongoing organizational alignment as the Company continues to focus on key strategic priorities and enhancements to its operational efficiency through global talent optimization. The Company expects to have substantially completed the planned actions during the first quarter of fiscal 2026.

Note 10 – Stockholders’ Equity

Stock-based compensation expenseStock-based compensation expense was as follows (in thousands):Quarter Ended September 30,Nine Months Ended September 30,2025202420252024Cost of revenues$3,423 $2,803 $9,845 $7,738 Sales and marketing7,051 6,745