Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 169

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 169
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 profit$126,007 $118,364 Amortization of acquired developed technology3,173 3,384 Stock-based compensation3,646 2,596 Transaction-related costs8 52 Total non-GAAP gross profit$132,834 $124,396 Gross margin75.5 %75.2 %Non-GAAP gross margin79.6 %79.0 %Non-GAAP Operating Income:Operating income$3,575 $1,748 Amortization of intangible assets3,650 5,196 Stock-based compensation19,419 19,196 Transaction-related costs3,010 216 Restructuring costs5,299 444 Total non-GAAP operating income$34,953 $26,800 GAAP operating margin2.1 %1.1 %Non-GAAP operating margin20.9 %17.0 %Non-GAAP Net Income Attributable to BlackLine, Inc.:Net income attributable to BlackLine, Inc.$6,055 $10,829 Benefit from income taxes(654)(583)Amortization of intangible assets3,650 5,196 Stock-based compensation19,308 19,085 Amortization of debt issuance costs834 1,385 Transaction-related costs3,010 216 Restructuring costs5,299 444 Adjustment to redeemable non-controlling interest(1,178)3,503 Total non-GAAP net income attributable to BlackLine, Inc.$36,324 $40,075 

23

Results of Operations

The following table sets forth our statements of operations information for each of the periods indicated:

Quarter Ended March 31,20252024(in thousands)RevenuesSubscription and support$158,462 $149,501 Professional services8,469 7,960 Total revenues166,931 157,461 Cost of revenuesSubscription and support34,130 32,052 Professional services6,794 7,045 Total cost of revenues40,924 39,097 Gross profit126,007 118,364 Operating expensesSales and marketing63,063 61,111 Research and development25,725 25,015 General and administrative28,345 30,046 Restructuring costs5,299 444 Total operating expenses122,432 116,616 Income from