BLACKLINE, INC.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
BL$27.33+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net income attributable to BlackLine, Inc. | $19,632 | $104,757 |
| Net income and adjustment attributable to redeemable non-controlling interest (Note 4) | 1,644 | (459) |
| Net income | 21,276 | 104,298 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 34,623 | 38,225 |
| Amortization of debt issuance costs | 2,535 | 3,637 |
| Stock-based compensation | 66,625 | 63,911 |
| Gain on extinguishment of convertible senior notes | — | (65,112) |
| Noncash lease expense | 4,083 | 4,610 |
| Accretion of purchase discounts on marketable securities, net | (8,504) | (18,115) |
| Net foreign currency losses | 753 | 360 |
| Deferred income taxes | 8,758 | (1,479) |
| Provision for credit losses | 101 | 14 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 24,086 | 35,765 |
| Prepaid expenses and other current assets | 4,406 | 4,351 |
| Other assets | (1,226) | 2,207 |
| Accounts payable | 1,222 | (5,456) |
| Accrued expenses and other current liabilities | 3,145 | 3,119 |
| Deferred revenue | (14,327) | (18,851) |
| Operating lease liabilities | (4,592) | (4,400) |
| Lease incentive receipts | 30 | — |
| Other long-term liabilities | (107) | (42) |
| Net cash provided by operating activities | 142,887 | 147,042 |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (607,614) | (396,104) |
| Proceeds from maturities of marketable securities | 232,000 | 901,997 |
| Proceeds from sales of marketable securities | — | 324,098 |
| Capitalized software development costs | (20,420) | (18,201) |
| Purchases of property and equipment | (7,451) | (1,370) |
| Net cash provided by (used in) investing activities | (403,485) | 810,420 |
| Cash flows from financing activities | ||
| Proceeds from issuance of convertible senior notes, net of issuance costs | — | 661,979 |
| Partial repurchase of convertible senior notes | — | (848,519) |
| Repayment of convertible senior notes | — | (250,000) |
| Purchase of capped calls related to convertible senior notes | — | (59,738) |
| Principal payments under finance lease obligations | (63) | (771) |
| Repurchases of common stock | (200,727) | — |
| Proceeds from exercises of stock options | 5,151 | 3,038 |
| Proceeds from employee stock purchase plan | 4,592 | 4,249 |
| Acquisition of common stock for tax withholding obligations | (14,865) | (13,604) |
| Net cash used in financing activities | (205,912) | (503,366) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash | 263 | 56 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (466,247) | 454,152 |
| Cash, cash equivalents, and restricted cash, beginning of period | 886,147 | 271,363 |
| Cash, cash equivalents, and restricted cash, end of period | $419,900 | $725,515 |
| Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | ||
| Cash and cash equivalents at end of period | $419,900 | $725,266 |
| Restricted cash included within other assets at end of period | — | 249 |
| Total cash, cash equivalents, and restricted cash at end of period shown in the condensed consolidated statements of cash flows | $419,900 | $725,515 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
SUPPLEMENTAL CASH FLOWS DISCLOSURE
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Non-cash financing and investing activities | ||
| Stock-based compensation capitalized for software development | $3,516 | $3,326 |
| Capitalized software development costs included in accounts payable and accrued expenses and other current liabilities at end of period | $1,731 | $2,185 |
| Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities at end of period | $634 | $187 |
| Receivables from exercises of stock options, including tax withholdings | $— | $3,511 |
| Accrued liabilities for repurchases of common stock | $1,050 | $— |
| Excise tax on repurchases of common stock | $1,506 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.