Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 19

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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Accrual balance at September 30, 2025$2,049 The Company anticipates additional charges related to these actions for employee termination benefits and other exit costs. All of the actions are part of an ongoing organizational alignment as the Company continues to focus on key strategic priorities and enhancements to its operational efficiency through global talent optimization. The Company expects to have substantially completed the planned actions during the first quarter of fiscal 2026.

Note 10 – Stockholders’ Equity

Stock-based compensation expenseStock-based compensation expense was as follows (in thousands):Quarter Ended September 30,Nine Months Ended September 30,2025202420252024Cost of revenues$3,423 $2,803 $9,845 $7,738 Sales and marketing7,051 6,745 19,995 19,168 Research and development4,195 3,605 11,996 9,955 General and administrative8,725 9,470 24,789 27,050 $23,394 $22,623 $66,625 $63,911 For the quarters ended September 30, 2025 and 2024, stock-based compensation capitalized as an asset was $1.3 million and $1.2 million, respectively.For the nine months ended September 30, 2025 and 2024, stock-based compensation capitalized as an asset was $3.5 million and $3.3 million, respectively. Stock options - service-only vesting conditionsThe following table summarizes activity for awards that contain service-only vesting conditions (in thousands):

18

Outstanding at December 31, 20241,237 Granted— Exercised(250)Forfeited/canceled(233)Outstanding at September 30, 2025754 Restricted stock units - service-only vesting conditionsThe following table summarizes activity for restricted stock units that contain service-only vesting conditions (in thousands):Nonvested at December 31, 20242,811 Granted2,066 Vested(930)Forfeited/canceled(432)Nonvested at September 30, 20253,515 Restricted stock units - performance and service conditionsThe following table summarizes activity for restricted stock units with performance and service vesting conditions with grant dates established (in thousands):Nonvested at December 31, 2024198 Granted248 Performance adjustment(97)Vested(101