Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 168

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 168
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 and nine months ended September 30, 2025, the Company had no sales of marketable securities, and therefore, no related realized gains or losses were recognized in the unaudited condensed consolidated statements of operations. During the quarter and nine months ended September 30, 2024, there were nominal realized gains and losses related to sales of marketable securities recognized in the Company's unaudited condensed consolidated statements of operations. There were no marketable securities in a continuous loss position for greater than or less than 12 months at September 30, 2025.The Company's marketable securities are considered to be of high credit quality and accordingly, there was no allowance for credit losses related to marketable securities at September 30, 2025.Other AssetsDeferred customer contract acquisition costs are included in other assets in the unaudited condensed consolidated balance sheets and totaled $86.6 million and $86.1 million at September 30, 2025 and December 31, 2024, respectively.Accrued Expenses and Other Current LiabilitiesAccrued expenses and other current liabilities were comprised of the following (in thousands):September 30,2025December 31,2024Accrued salaries and employee benefits$35,431 $41,833 Accrued income and other taxes payable14,024 11,297 Accrued restructuring costs2,049 — Other accrued expenses and current liabilities24,117 18,444 $75,621 $71,574 Derivative InstrumentsThe Company uses foreign currency forward contracts with an approximate maturity of one month to mitigate foreign currency exchange rate fluctuations on certain foreign currency-denominated monetary assets. Under ASC 815, Derivatives and Hedging, these transactions are not designated as hedging instruments. The fair value of the forward contracts, estimated based on prevailing exchange rates of the various hedged currencies at the end of the period, is reported as either prepaid and other current assets or accrued expenses and other current liabilities in the unaudited condensed consolidated balance sheets. At September 30, 2025, the total gross notional amount of forward contracts was $40.8 million. Refer to “Note 7 - Fair Value Measurements” for additional information on the fair value classification of the forward contracts.For the quarter ended September 30, 2025, the net gain from the forward contracts was $0.4 million, and for the nine months ended September 30, 2025, the net loss