Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 90

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 90
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AP gross profit$491,371 $443,203 GAAP gross margin75.2 %75.1 %GAAP operating income$18,536 $14,348 GAAP operating margin2.8 %2.4 %GAAP net income attributable to BlackLine, Inc.$161,174 $52,833 Diluted net income per share attributable to BlackLine, Inc. $1.45 $0.81 

 Year Ended December 31, 20242023 (in thousands, except percentages)Non-GAAP gross profit$518,239 $468,559 Non-GAAP gross margin79.3 %79.4 %Non-GAAP operating income$126,807 $97,517 Non-GAAP operating margin19.4 %16.5 %Non-GAAP net income attributable to BlackLine, Inc.$162,067 $145,195 Diluted non-GAAP net income per share attributable to BlackLine, Inc.$2.18 $1.96 

Non-GAAP Gross Profit and Non-GAAP Gross Margin. Non-GAAP gross profit is defined as GAAP revenues less GAAP cost of revenue adjusted for amortization of acquired developed technology, stock-based compensation, and transaction-related costs (including, but not limited to, accounting, legal, and advisory fees related to the transaction, as well as transaction-related retention bonuses). Non-GAAP gross margin is defined as non-GAAP gross profit divided by GAAP revenues. We believe that presenting non-GAAP gross profit and non-GAAP gross margin is useful to investors as it eliminates the impact of certain non-cash expenses and allows a direct comparison between periods.

Non-GAAP Income (Loss) from Operations and Non-GAAP Operating Margin. Non-GAAP income (loss) from operations is defined as GAAP income (loss) from operations adjusted for amortization of intangible assets, stock-based compensation, change in fair value of contingent consideration, transaction-related costs, legal settlement gains or costs, and restructuring costs. Non-GAAP operating margin is defined as non-GAAP income (loss) from operations divided by GAAP revenues. We believe that presenting non-GAAP income (loss) from operations and non-GAAP operating margin is useful to investors as it eliminates the impact of items that have been impacted by 

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our acquisitions and other related costs in order to allow a direct comparison of income (loss) from operations between all