Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 165

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 165
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4. During the quarter and nine months ended September 30, 2025, other significant expenses included depreciation expense of $8.1 million and $24.0 million, respectively, as well as amortization expense of $3.5 million and $10.6 million, respectively. During the quarter and nine months ended September 30, 2024, other significant expenses include depreciation expense of $7.7 million and $22.6 million, respectively, as well as amortization expense of $5.2 million and $15.6 million, respectively.The Company’s intra-entity sales are eliminated upon consolidation. The Company disaggregates its revenue from contracts with customers by geographic location, as it believes it best depicts how the nature, amount, timing, and uncertainty of its revenues and cash flows are affected by economic factors.The following table sets forth the Company’s revenues by geographic region (in thousands):Quarter Ended September 30,Nine Months Ended September 30,2025202420252024United States$122,755 $116,897 $358,383 $341,140 International55,535 49,012 158,863 142,736 $178,290 $165,909 $517,246 $483,876 No countries outside the United States (“U.S.”) represented 10% or more of total revenues.The measure of segment assets is reported in the unaudited condensed consolidated balance sheets as total consolidated assets. The following table sets forth the Company’s long-lived assets, which consist of property and equipment, net, and operating lease right-of-use assets by geographic region (in thousands):September 30,2025December 31,2024United States$14,575 $18,399 International22,370 16,213 $36,945 $34,612 

Note 4 – Redeemable Non-Controlling Interest

In September 2018, the Company entered into an agreement with Japanese Cloud Computing and M30 LLC (the “Investors”) to engage in the investment, organization, management, and operation of BlackLine K.K. that is focused on the sale of the Company's products in Japan. The Company initially contributed approximately $4.5 million in cash in exchange for 51% of the outstanding common stock of BlackLine K.K. and subsequently invested a further $2.3 million, maintaining the Company's majority ownership of 51%.