Company: BL
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050628
Chunk: 190

Company: BLACKLINE, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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1 million increase primarily due to decreased net foreign currency gains, net of the impact of foreign currency forward contracts; and 

•$0.8 million increase in professional fees; partially offset by

•$2.2 million decrease in employee compensation and benefits.

The decrease in general and administrative expenses for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024, was primarily due to the following:

•$3.7 million decrease primarily due to increased net foreign currency gains, net of the impact of foreign currency forward contracts;

•$3.0 million decrease in employee compensation and benefits; and

•$0.5 million decrease in professional fees; partially offset by

•$3.0 million increase primarily related to advisory and legal-related expenses; and

•$0.6 million increase in computer software expenses due to higher spend to enhance automation and support scalability of our operations.

Restructuring costs

 Quarter Ended September 30,ChangeNine Months Ended September 30,Change 20252024$%20252024$% (in thousands, except percentages)Restructuring costs$2,267 $356 $1,911 N/M$8,610 $1,728 $6,882 398%

Restructuring costs of $2.3 million and $8.6 million were incurred during the quarter and nine months ended September 30, 2025, respectively, primarily related to one-time termination benefits under the Fiscal 2025 

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restructuring programs, while restructuring costs of $0.4 million and $1.7 million were incurred during the quarter and nine months ended September 30, 2024, respectively, related to one-time termination benefits under the Fiscal 2023 restructuring program. Refer to “Note 9 - Restructuring Costs” in our unaudited condensed consolidated financial statements for additional information. 

Interest income 

Quarter Ended September 30,ChangeNine Months Ended September 30,Change20252024$%20252024$%(in thousands, except percentages)Interest income$8,200 $10,984 $(2,784)(25%)$25,647 $40,409 $(14,762)(37%)

The decrease in interest income during the quarter ended September 30, 2025, compared to the quarter ended September 30, 2024, was primarily due to a decrease in average interest rates and