Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 0

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1.    Financial Statements

BLACKLINE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)(in thousands, except shares and par values) September 30,2025December 31,2024ASSETSCurrent assets:Cash and cash equivalents$419,900 $885,915 Marketable securities (amortized cost of $384,116 and $0 at September 30, 2025 and December 31, 2024, respectively)384,279 — Accounts receivable, net of allowances of $4,147 and $2,964 at September 30, 2025 and December 31, 2024, respectively155,597 178,141 Prepaid expenses and other current assets24,047 28,348 Total current assets983,823 1,092,404 Capitalized software development costs, net48,801 45,448 Property and equipment, net13,026 11,840 Intangible assets, net48,897 59,520 Goodwill448,965 448,965 Operating lease right-of-use assets23,919 22,772 Deferred tax assets, net44,536 53,208 Other assets91,859 90,879 Total assets$1,703,826 $1,825,036 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$10,439 $8,463 Accrued expenses and other current liabilities75,621 71,574 Deferred revenue, current325,203 338,615 Finance lease liabilities, current12 66 Operating lease liabilities, current5,825 3,525 Convertible senior notes, net, current229,807 — Total current liabilities646,907 422,243 Finance lease liabilities, noncurrent43 53 Operating lease liabilities, noncurrent19,119 20,283 Convertible senior notes, net, noncurrent665,403 892,675 Deferred tax liabilities, net4,658 4,532 Deferred revenue, noncurrent573 1,390 Other long-term liabilities569 708 Total liabilities1,337,272 1,341,884 Commitments and contingencies (Note 13)Redeemable non-controlling interest (Note 4)38,