Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 175

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 175
---
 of H. Con. Res. 14” and commonly referred to as the “One Big Beautiful Bill” (“OBBB”) was enacted. The OBBB adjusted a number of provisions affecting businesses, including the immediate expensing of domestic research and development costs, limitations on deductions for interest expense, and accelerated fixed asset depreciation. The OBBB provisions did not have a material impact on the Company’s effective tax rate but several timing provisions are expected to result in significant 2025 cash tax savings.

20

Note 12 – Net Income per Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):Quarter Ended September 30,Nine Months Ended September 30,2025202420252024Basic net income per shareNumerator:Net income attributable to BlackLine, Inc.$5,285 $17,238 $19,632 $104,757 Denominator:Weighted average shares61,157 62,250 62,035 61,958 Basic net income per share attributable to BlackLine, Inc.$0.09 $0.28 $0.32 $1.69 Diluted net income per shareNumerator:Net income attributable to BlackLine, Inc.$5,285 $17,238 $19,632 $104,757 Interest expense, net of taxes99 2,398 354 5,499 Gain on extinguishment of convertible senior notes, net of taxes— — — (62,147)Net income attributable to BlackLine, Inc. for diluted calculation$5,384 $19,636 $19,986 $48,109 Denominator:Weighted average shares61,157 62,250 62,035 61,958 Dilutive effect of securities655 477 588 679 Dilutive effect of convertible senior notes1,385 11,243 1,385 10,494 Shares used to calculate diluted net income per share63,197 73,970 64,008 73,131 Diluted net income per share attributable to BlackLine, Inc.$0.09 $0.27 $0.31 $0.66 The Company computes basic earnings per share attributable to BlackLine, Inc. using the weighted average number of common shares outstanding. The Company computes diluted earnings per share attributable to BlackLine,