Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 169

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 169
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 from the forward contracts was $0.9 million, both of which were recorded in general and administrative expenses.Cash flows from the settlement of the forward contracts are classified as operating activities in the unaudited condensed statements of cash flows.

15

Note 7 – Fair Value Measurements 

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis by level, within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):September 30, 2025Level 1Level 2Level 3TotalCash equivalentsMoney market funds$344,729 $— $— $344,729 Marketable securitiesU.S. treasury securities187,039 — — 187,039 Commercial paper— 197,240 — 197,240 Total assets$531,768 $197,240 $— $729,008 LiabilitiesForeign currency forward contracts$— $68 $— $68 Total liabilities$— $68 $— $68 December 31, 2024Level 1Level 2Level 3TotalCash equivalentsMoney market funds$809,906 $— $— $809,906 Total assets$809,906 $— $— $809,906 The Company classified the marketable debt securities as available-for-sale debt securities at the time of purchase and reevaluated such classification at each balance sheet date. The valuation techniques used to measure the fair values of instruments that were classified as Level 1 were derived from quoted market prices for identical instruments in active markets. The valuation techniques used to measure the fair values of Level 2 instruments were derived from broker reports that utilized quoted market prices for similar instruments. Foreign currency forward contracts are classified within the Level 2 value hierarchy, as the valuation inputs are not actively traded, and the valuation inputs are based on quoted market prices for similar instruments, including currency spot and forward rates.

Note 8 – Convertible Senior Notes

2029 NotesAt September 30, 2025, the Company had $675.0 million aggregate principal amount of the 1.00% 2029 Notes (the “2029 Notes” and, together with the 2026 Notes (as defined below), the “Notes”) outstanding. The 2029 Notes consisted of the following (in thousands):