Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 167

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 167
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 While the fees for the majority of the products we sell are user-based, we anticipate that we will see a higher volume of transactions based on our updated pricing models that are based on additional factors, including customer size, product mix, and volumetrics, such as transactions or entities.

Non-GAAP Financial Measures

In addition to our results determined in accordance with GAAP, we believe the non-GAAP measures below are useful to us and our investors in evaluating our business. These non-GAAP financial measures are useful because they provide consistency and comparability with our past performance, facilitate period-to-period comparisons of operations and facilitate comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results.

Quarter Ended March 31,20252024(in thousands, except percentages)GAAP gross profit$126,007 $118,364 GAAP gross margin75.5 %75.2 %GAAP operating income$3,575 $1,748 GAAP operating margin2.1 %1.1 %GAAP net income attributable to BlackLine, Inc.$6,055 $10,829 Diluted net income per share attributable to BlackLine, Inc.$0.10 $0.17 

Quarter Ended March 31,20252024(in thousands, except percentages)Non-GAAP gross profit$132,834 $124,396 Non-GAAP gross margin79.6 %79.0 %Non-GAAP operating income$34,953 $26,800 Non-GAAP operating margin20.9 %17.0 %Non-GAAP net income attributable to BlackLine, Inc.$36,324 $40,075 Diluted non-GAAP net income per share attributable to BlackLine, Inc.$0.49 $0.54 

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