Company: BL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001666134-25-000016
Chunk: 0

Company: BLACKLINE, INC.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1.    Financial Statements

BLACKLINE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)(in thousands, except shares and par values) March 31,2025December 31,2024ASSETSCurrent assets:Cash and cash equivalents$479,536 $885,915 Marketable securities (amortized cost of $386,890 and $0 at March 31, 2025 and December 31, 2024, respectively)386,945 — Accounts receivable, net of allowances of $3,377 and $2,964 at March 31, 2025 and December 31, 2024, respectively146,609 178,141 Prepaid expenses and other current assets30,263 28,348 Total current assets1,043,353 1,092,404 Capitalized software development costs, net46,139 45,448 Property and equipment, net14,273 11,840 Intangible assets, net55,870 59,520 Goodwill448,965 448,965 Operating lease right-of-use assets26,818 22,772 Deferred tax assets, net54,324 53,208 Other assets91,406 90,879 Total assets$1,781,148 $1,825,036 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST, AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable$3,959 $8,463 Accrued expenses and other current liabilities62,759 71,574 Deferred revenue, current330,804 338,615 Finance lease liabilities, current12 66 Operating lease liabilities, current3,379 3,525 Convertible senior notes, net, current229,379 — Total current liabilities630,292 422,243 Finance lease liabilities, noncurrent49 53 Operating lease liabilities, noncurrent24,645 20,283 Convertible senior notes, net, noncurrent664,130 892,675 Deferred tax liabilities, net4,335 4,532 Deferred revenue, noncurrent1,265 1,390 Other long-term liabilities2,711 708 Total liabilities1,327,427 1,341,884 Commitments and contingencies (Note 13)Redeemable non-controlling interest (