Company: BL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001666134-25-000031
Chunk: 28

Company: BLACKLINE, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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292 $76,690 $14,347 $87,519 Diluted net income per share attributable to BlackLine, Inc.$0.13 $0.22 $0.23 $0.39 

Quarter Ended June 30,Six Months Ended June 30,2025202420252024(in thousands, except percentages)Non-GAAP gross profit$137,145 $127,232 $269,979 $251,628 Non-GAAP gross margin79.7%79.3%79.7%79.1%Non-GAAP operating income$38,007 $31,731 $72,960 $58,531 Non-GAAP operating margin22.1%19.8%21.5%18.4%Non-GAAP net income attributable to BlackLine, Inc.$37,902 $42,928 $74,226 $83,003 Diluted non-GAAP net income per share attributable to BlackLine, Inc.$0.51 $0.58 $1.00 $1.11 

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 

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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 from Operations and Non-GAAP Operating Margin. Non-GAAP income from operations is defined as GAAP income 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 from operations divided by GAAP revenues. We believe that presenting non-GAAP income from operations and non-GAAP operating margin is useful to investors as it eliminates the impact of items that have been impacted by our acquisitions and other related costs in order to allow a direct comparison of income from operations between all periods presented.

Non-GAAP Net Income