BLACKLINE, INC.

For the period ended Mar 31, 2025. Filed May 7, 2025.

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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.

Mar 31, 2025 · Filed May 7, 2025

BL$27.33+1.3%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Cash Flows for the

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	Quarter Ended March 31,
	2025	2024
Cash flows from operating activities
Net income attributable to BlackLine, Inc.	$6,055	$10,829
Net income and adjustment attributable to redeemable non-controlling interest (Note 4)	(781)	3,941
Net income	5,274	14,770
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,498	12,648
Amortization of debt issuance costs	834	1,385
Stock-based compensation	18,574	18,562
Noncash lease expense	1,397	1,558
Accretion of purchase discounts on marketable securities, net	(1,968)	(8,542)
Net foreign currency (gains) losses	(227)	38
Deferred income taxes	(1,313)	(1,041)
Provision for credit losses	56	—
Changes in operating assets and liabilities:
Accounts receivable	32,737	45,696
Prepaid expenses and other current assets	(1,878)	(1,964)
Other assets	(517)	2,406
Accounts payable	(3,590)	(6,792)
Accrued expenses and other current liabilities	(6,631)	(14,774)
Deferred revenue	(8,024)	(11,830)
Operating lease liabilities	(1,510)	(1,710)
Lease incentive receipts	30	—
Other long-term liabilities	2,000	15
Net cash provided by operating activities	46,742	50,425
Cash flows from investing activities
Purchases of marketable securities	(384,923)	(294,961)
Proceeds from maturities of marketable securities	—	322,700
Capitalized software development costs	(8,167)	(6,450)
Purchases of property and equipment	(5,951)	(299)
Net cash provided by (used in) investing activities	(399,041)	20,990
Cash flows from financing activities
Principal payments under finance lease obligations	(57)	(258)
Repurchases of common stock	(45,451)	—
Proceeds from exercises of stock options	2,136	314
Acquisition of common stock for tax withholding obligations	(10,939)	(10,981)
Net cash used in financing activities	(54,311)	(10,925)
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash	240	(212)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(406,370)	60,278
Cash, cash equivalents, and restricted cash, beginning of period	886,147	271,363
Cash, cash equivalents, and restricted cash, end of period	$479,777	$331,641
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents at end of period	$479,536	$331,401
Restricted cash included within other assets at end of period	241	240
Total cash, cash equivalents, and restricted cash at end of period shown in the condensed consolidated statements of cash flows	$479,777	$331,641

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

SUPPLEMENTAL CASH FLOWS DISCLOSURE

	Quarter Ended March 31,
	2025	2024
Non-cash financing and investing activities
Stock-based compensation capitalized for software development	$947	$923
Capitalized software development costs included in accounts payable and accrued expenses and other current liabilities at end of period	$679	$613
Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities at end of period	$441	$89
Excise tax on repurchases of common stock	$273	$—

ContentsView on SEC.gov

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