Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 15

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 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 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