Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 18

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 outstanding at June 30, 2025.

17

Note 9 – Restructuring Costs

Fiscal 2025 Restructuring ProgramOn March 4, 2025, the Company announced a restructuring program that reduced its global workforce by approximately 7%, or 130 total positions (the “Fiscal 2025 restructuring program”). All of the actions are part of ongoing organizational alignment and performance management initiatives as the Company continues to focus on key strategic priorities. The Company expects to have substantially completed the planned actions during fiscal 2025, subject to local law and regulatory requirements, which may extend the process in certain countries.During the quarter and six months ended June 30, 2025, the Company recorded $1.0 million and $6.3 million, respectively, for one-time termination benefits related to the Fiscal 2025 restructuring program, 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 program 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 six months ended June 30, 2025 (in thousands):Accrual balance at March 31, 2025$4,671 Restructuring charges1,044 Cash payments(4,133)Accrual balance at June 30, 2025$1,582 Accrual balance at December 31, 2024$— Restructuring charges 6,343 Cash payments(4,761)Accrual balance at June 30, 2025$1,582 

Note 10 – Stockholders’ Equity

Stock-based compensation expenseStock-based compensation expense was as follows (in thousands):Quarter Ended June 30,Six Months Ended June 30,2025202420252024Cost of revenues$3,621 $2,973 $6,422 $4,935 Sales and marketing6,900 6,629 12,944 12,423 Research and development4,451 3,499 7,801 6,350 General and administrative9,685 9,625 16,064 17,580 $24,657 $22,726 $43,231 $41,288 For the quarters ended June 30, 2025