Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 186

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 186
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 expense(2,545)(2,677)(7,600)(6,235)Gain on extinguishment of convertible senior notes— — — 65,112 Other income, net5,655 8,307 18,047 99,286 Income before income taxes13,264 16,670 36,776 111,605 Provision for income taxes4,653 2,101 15,500 7,307 Net income8,611 14,569 21,276 104,298 Net income attributable to redeemable non-controlling interest1,649 320 2,706 1,282 Adjustment attributable to redeemable non-controlling interest 1,677 (2,989)(1,062)(1,741)Net income attributable to BlackLine, Inc.$5,285 $17,238 $19,632 $104,757 

Comparison of Quarters and Nine Months Ended September 30, 2025 and 2024

Revenues

Quarter Ended September 30,ChangeNine Months Ended September 30,Change20252024$%20252024$%(in thousands, except percentages)Subscription and support$168,210 $157,011 $11,199 7%$489,699 $458,299 $31,400 7%Professional services10,080 8,898 1,182 13%27,547 25,577 1,970 8%Total revenues$178,290 $165,909 $12,381 7%$517,246 $483,876 $33,370 7%

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September 30,20252024Dollar-based net revenue retention rate103%105%Number of customers4,424 4,433 Number of users385,336 397,095 

The increase in revenues for the quarter and nine months ended September 30, 2025, compared to the quarter and nine months ended September 30, 2024, was primarily driven by revenue from product expansion from existing customers and bookings from new customers. The total number of customers at September 30, 2025 remained relatively flat as compared to September 30, 2024. The total number of users at September 30, 2025 decreased by 3%, as compared to September 30, 2024, primarily due to our strategic initiative to migrate