Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 259

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 259
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 multiple currencies against the U.S. Dollar, net of the impact of foreign currency forward contracts; and 

•$0.4 million decrease in professional fees. 

The decrease in general and administrative expenses for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, was primarily due to the following:

•$5.8 million decrease primarily due to net foreign currency gains driven by the strengthening of multiple currencies against the U.S. Dollar, net of the impact of foreign currency forward contracts;

•$1.3 million decrease in professional fees; and

•$0.8 million decrease in employee compensation and benefits; partially offset by

•$3.1 million increase primarily related to advisory and legal-related expenses. 

Restructuring costs

 Quarter Ended June 30,ChangeSix Months Ended June 30,Change 20252024$%20252024$% (in thousands, except percentages)Restructuring costs$1,044 $928 $116 13%$6,343 $1,372 $4,971 362%

Restructuring costs of $1.0 million and $6.3 million were incurred during the quarter and six months ended June 30, 2025, respectively, related to one-time termination benefits under the Fiscal 2025 restructuring program, while restructuring costs of $0.9 million and $1.4 million were incurred during the quarter and six months ended June 30, 2024, respectively, related to one-time termination benefits under the Fiscal 2023 restructuring program. Refer to “Note 9 - Restructuring Costs” in our unaudited condensed consolidated financial statements for additional information. 

Interest income 

Quarter Ended June 30,ChangeSix Months Ended June 30,Change20252024$%20252024$%(in thousands, except percentages)Interest income$8,555 $14,065 $(5,510)(39%)$17,447 $29,425 $(11,978)(41%)

30

The decrease in interest income during the quarter and six months ended June 30, 2025, compared to the quarter and six months ended June 30, 2024, was due to decreased average balances on our investments and, to a lesser extent, a decrease in average interest rates on our investments and cash balances.

Interest expense

Quarter Ended June 30,ChangeSix Months Ended June