Company: BL
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001666134-25-000003
Chunk: 93

Company: BLACKLINE, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 93
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,657 25,485 Total cost of revenues161,965 146,793 Gross profit491,371 443,203 Operating expensesSales and marketing248,347 243,154 Research and development100,973 103,207 General and administrative121,795 71,530 Restructuring costs1,720 10,964 Total operating expenses472,835 428,855 Income from operations18,536 14,348 Other income (expense)Interest income49,808 52,059 Interest expense(8,758)(5,898)Gain on extinguishment of convertible senior notes65,112 — Other income, net106,162 46,161 Income before income taxes124,698 60,509 Provision for (benefit from) income taxes(43,067)1,450 Net income167,765 59,059 Net income attributable to redeemable non-controlling interest1,952 892 Adjustment attributable to redeemable non-controlling interest4,639 5,334 Net income attributable to BlackLine, Inc.$161,174 $52,833 

Revenues

 Year Ended December 31,Change 20242023$% (in thousands, except percentages)Subscription and support$619,287 $555,516 $63,771 11 %Professional services34,049 34,480 (431)(1 %)Total revenues$653,336 $589,996 $63,340 11 %

 Year Ended December 31, 20242023Dollar-based net revenue retention rate102 %106 %Number of customers4,443 4,398 Number of users397,477 386,814 

The increase in revenues for the year ended December 31, 2024, compared to the year ended December 31, 2023, was primarily driven by revenue from existing customers, which also grew from additional users and product expansion. The total number of customers and users increased by 1% and 3%, respectively, as compared to December 31, 2023.

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Cost of revenues

 Year Ended December 31,Change 20242023$% (in thousands, except percentages)Subscription and support$135,308 $121,308 $14,000 12 %Professional services26,657 25,485 1,172