Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 0

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1.    Financial Statements

BLACKLINE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)(in thousands, except shares and par values) June 30,2025December 31,2024ASSETSCurrent assets:Cash and cash equivalents$459,141 $885,915 Marketable securities (amortized cost of $398,300 and $0 at June 30, 2025 and December 31, 2024, respectively)398,277 — Accounts receivable, net of allowances of $3,598 and $2,964 at June 30, 2025 and December 31, 2024, respectively175,021 178,141 Prepaid expenses and other current assets23,748 28,348 Total current assets1,056,187 1,092,404 Capitalized software development costs, net47,554 45,448 Property and equipment, net13,843 11,840 Intangible assets, net52,402 59,520 Goodwill448,965 448,965 Operating lease right-of-use assets25,689 22,772 Deferred tax assets, net55,714 53,208 Other assets92,335 90,879 Total assets$1,792,689 $1,825,036 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$11,520 $8,463 Accrued expenses and other current liabilities57,448 71,574 Deferred revenue, current341,549 338,615 Finance lease liabilities, current12 66 Operating lease liabilities, current3,709 3,525 Convertible senior notes, net, current229,592 — Total current liabilities643,830 422,243 Finance lease liabilities, noncurrent46 53 Operating lease liabilities, noncurrent23,294 20,283 Convertible senior notes, net, noncurrent664,762 892,675 Deferred tax liabilities, net4,804 4,532 Deferred revenue, noncurrent796 1,390 Other long-term liabilities6,110 708 Total liabilities1,343,642 1,341,884 Commitments and contingencies (Note 13)Redeemable non-controlling interest (Note