7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 
      
    		                                    
      cash flows from operating activities
    		                                    
      net income attributable to blackline, inc.
    		5,285,000 8,292,000 6,055,000 56,417,000 17,238,000 76,690,000 10,829,000 22,069,000 11,923,000 30,849,000 -12,008,000 11,304,000 -20,019,000 -10,665,000 -10,011,000 -37,010,000 -13,741,000 -25,446,000 -38,964,000 -16,985,000 -8,751,000 -8,332,000 -12,843,000 -9,485,000 -9,242,000 -5,225,000 -8,583,000          
      net income and adjustment attributable to redeemable non-controlling interest
    		3,326,000 -901,000 -781,000  -2,669,000 -1,731,000 3,941,000     -805,000 1,031,000 -1,306,000 -3,420,000 4,534,000 4,023,000 -130,000 5,740,000 4,351,000 894,000 391,000 1,873,000 474,000 330,000            
      net income
    		8,611,000 7,391,000 5,274,000 -97,707,000 14,569,000 74,959,000 14,770,000 2,183,000 1,549,000 9,225,000 -6,731,000 10,499,000 -18,988,000 -11,971,000 -13,431,000 -32,476,000 -9,718,000 -25,576,000 -33,224,000 -12,634,000 -7,857,000 -7,941,000 -10,970,000 -9,011,000 -8,912,000 -5,390,000 -8,833,000 -7,794,000 -4,460,000 -8,457,000 -7,155,000 -5,845,000 -13,092,000 -10,114,000 -9,010,000 -15,664,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                    
      depreciation and amortization
    		11,650,000 11,475,000 11,498,000 12,120,000 12,925,000 12,652,000 12,648,000 12,825,000 12,924,000 12,346,000 12,004,000 11,830,000 11,180,000 10,659,000 9,147,000 6,953,000 6,743,000 6,890,000 6,542,000 6,277,000 5,178,000 4,867,000 4,570,000 4,471,000 5,327,000 5,787,000 5,689,000 5,569,000 5,836,000 5,537,000 5,394,000 5,185,000 5,087,000 4,908,000 4,791,000 4,734,000 
      amortization of debt issuance costs
    		856,000 845,000 834,000 849,000 958,000 1,294,000 1,385,000 1,398,000 1,396,000 1,379,000 1,362,000                          
      stock-based compensation
    		23,394,000 24,657,000 18,574,000 19,340,000 22,623,000 22,726,000 18,562,000 17,505,000 20,079,000 19,948,000 20,438,000 18,474,000 20,899,000 20,609,000 15,902,000 17,081,000 16,930,000 17,065,000 14,794,000 14,292,000 13,326,000 12,616,000 9,456,000 9,447,000 10,141,000 8,012,000 6,452,000 6,188,000 5,340,000 5,393,000 3,974,000 3,093,000 9,115,000 1,987,000 1,849,000 1,992,000 
      gain on extinguishment of convertible senior notes
    		   0 0                                
      noncash lease expense
    		1,389,000 1,297,000 1,397,000 1,611,000 1,500,000 1,552,000 1,558,000 1,728,000 1,533,000 1,694,000 1,498,000  1,325,000 1,416,000 1,445,000 1,126,000 1,202,000 1,160,000 1,025,000 1,096,000 1,186,000 1,141,000 1,230,000 1,336,000 1,217,000 1,215,000 1,245,000          
      accretion of purchase discounts on marketable securities
    		-3,143,000 -3,393,000 -1,968,000 -326,000 -2,854,000 -6,719,000 -8,542,000  -9,231,000    -2,762,000   164,000 -88,000 -37,000 -33,000 176,000 301,000                
      net foreign currency losses
    		      38,000            333,000    826,000 -73,000 137,000   86,000 -69,000        
      deferred income taxes
    		10,992,000 -921,000 -1,313,000 -53,323,000 -224,000 -214,000 -1,041,000 281,000 -1,754,000 135,000 -187,000 291,000 -266,000 -273,000 -14,156,000 -857,000 -14,000 47,000 7,000 -560,000 17,000 149,000 13,000 1,279,000 53,000   -480,000 -136,000 -65,000 -242,000 335,000 -151,000 44,000 -162,000 -2,612,000 
      benefit from credit losses
    		26,000 19,000 56,000 70,000 7,000   -1,000 2,000 -24,000 5,000 30,000 4,000 53,000 28,000 -45,000                     
      changes in operating assets and liabilities:
    		                                    
      accounts receivable
    		18,618,000 -27,269,000 32,737,000 -43,317,000 1,770,000 -11,701,000 45,696,000 -41,300,000 -256,000 -9,465,000 30,166,000 -41,354,000 12,152,000 -3,290,000 9,459,000 -19,691,000 -4,233,000 -11,311,000 20,980,000 -17,290,000 7,152,000 -7,742,000 12,147,000 -20,507,000 -3,184,000 -6,604,000 2,333,000 -11,472,000 -2,387,000 -4,406,000 5,058,000 -16,319,000 -2,310,000 364,000 -1,595,000 -5,608,000 
      prepaid expenses and other current assets
    		-382,000 6,666,000 -1,878,000 -1,609,000 827,000 5,488,000 -1,964,000 -4,449,000 1,806,000 1,312,000 -5,268,000 -1,180,000 -1,271,000 934,000 2,576,000 -5,602,000 -282,000 2,600,000 -672,000 -2,168,000 -627,000 -1,017,000 -1,499,000 -1,905,000 528,000 812,000 1,789,000 1,943,000 232,000 -733,000 -1,891,000 1,054,000 133,000 850,000 -1,163,000 -2,159,000 
      other assets
    		202,000 -911,000 -517,000 298,000 598,000 -797,000 2,406,000 -1,947,000 957,000 -72,000 467,000 -3,757,000 -1,157,000 -3,104,000 -2,094,000 -8,896,000 -4,272,000 -5,881,000 -3,456,000 -6,760,000 -2,278,000 -2,239,000 -1,167,000 -6,782,000 -2,011,000 -5,137,000 -2,499,000 -4,458,000 -1,563,000 -2,169,000 -1,285,000 66,000 -340,000 -46,000 -22,000 -51,000 
      accounts payable
    		-1,307,000 6,119,000 -3,590,000 4,333,000 1,087,000 249,000 -6,792,000 4,341,000 -3,363,000 3,436,000 -9,518,000 8,947,000 -8,698,000 -2,428,000 6,555,000 4,982,000 -1,751,000 114,000 652,000 210,000 -3,891,000 -1,931,000 1,253,000 4,835,000 -525,000 -1,892,000 826,000 393,000 509,000 -3,981,000 -929,000 4,160,000 -1,698,000 766,000 -3,253,000 294,000 
      accrued expenses and other current liabilities
    		16,134,000 -6,358,000 -6,631,000 3,968,000 14,015,000 3,878,000 -14,774,000 -2,111,000 14,414,000 -2,574,000 -10,653,000 6,505,000 10,773,000 2,430,000 -13,815,000 11,211,000 5,305,000 435,000 -2,075,000 4,107,000 6,668,000 2,314,000 -10,014,000 4,342,000 5,498,000 2,189,000 -6,240,000 4,475,000 1,073,000 6,804,000 -7,935,000 2,061,000 2,141,000 387,000 -2,469,000 1,978,000 
      deferred revenue
    		-16,575,000 10,272,000 -8,024,000 37,819,000 -11,049,000 4,028,000 -11,830,000 42,536,000 -2,290,000 2,845,000 -1,820,000 34,098,000 -1,658,000 4,666,000 -460,000 32,907,000 2,993,000 13,346,000 2,333,000 23,341,000 -1,725,000 6,079,000 -1,298,000 18,393,000 -152,000 11,254,000 3,869,000 10,774,000 775,000 6,592,000 6,558,000 11,557,000 4,990,000 521,000 8,014,000 11,947,000 
      operating lease liabilities
    		-1,353,000 -1,729,000 -1,510,000 -1,563,000 -1,159,000 -1,531,000 -1,710,000 -1,936,000 -1,723,000 -1,858,000 -1,654,000 -1,620,000 -1,223,000 -2,666,000 -1,440,000 -1,299,000 -1,432,000 -1,364,000 -1,058,000 -1,277,000 -1,343,000 -1,138,000 -1,253,000 -1,533,000 -1,299,000 -1,358,000 -1,340,000          
      lease incentive receipts
    		0 0 30,000     0 0   159,000 162,000                        
      other long-term liabilities
    		-5,504,000 3,397,000 2,000,000 138,000 -191,000 134,000 15,000 354,000 200,000 498,000 -3,302,000 1,275,000 1,207,000 2,353,000 1,006,000             -173,000 -159,000 -145,000 340,000 -59,000 -14,000 -139,000 25,000 -599,000 
      net cash from operating activities
    		63,800,000 32,345,000 46,742,000 43,794,000 55,919,000 40,698,000 50,425,000 42,169,000 37,026,000 24,551,000 22,867,000 25,754,000 24,176,000 5,907,000 176,000 22,126,000 17,074,000 12,388,000 28,505,000 14,812,000 21,789,000 9,617,000 8,517,000 8,224,000 9,854,000 8,620,000 3,026,000 4,823,000 4,814,000 4,681,000 1,822,000 2,750,000 3,507,000 1,872,000 -1,705,000 -5,857,000 
      capex
    		-6,793,000 -6,960,000 -14,118,000 -7,269,000 -6,508,000 -6,314,000 -6,749,000 -6,833,000 -5,617,000 -6,592,000 -8,555,000 -5,488,000 -7,625,000 -10,884,000 -6,185,000 -6,828,000 -7,280,000 -4,420,000 -5,286,000 -6,906,000 -3,304,000 -3,833,000 -3,610,000 -2,593,000 -2,793,000 -2,253,000 -2,335,000 -2,731,000 -2,419,000 -3,522,000 -3,287,000 -1,552,000 -3,973,000 -1,530,000 -1,571,000 -944,000 
      free cash flows
    		57,007,000 25,385,000 32,624,000 36,525,000 49,411,000 34,384,000 43,676,000 35,336,000 31,409,000 17,959,000 14,312,000 20,266,000 16,551,000 -4,977,000 -6,009,000 15,298,000 9,794,000 7,968,000 23,219,000 7,906,000 18,485,000 5,784,000 4,907,000 5,631,000 7,061,000 6,367,000 691,000 2,092,000 2,395,000 1,159,000 -1,465,000 1,198,000 -466,000 342,000 -3,276,000 -6,801,000 
      cash flows from investing activities
    		                                    
      purchases of marketable securities
    		-130,674,000 -92,017,000 -384,923,000 0 0 -101,143,000 -294,961,000 -360,866,000 -257,345,000 -413,874,000 -311,246,000 -428,137,000 -372,059,000 -464,199,000 -335,550,000 -72,977,000 -374,094,000 -424,877,000 -308,937,000 -149,969,000 0 0 -116,400,000 -472,416,000 -23,737,000 -39,547,000 -29,975,000 -18,906,000 -36,710,000 -36,739,000 -30,175,000 -24,963,000 -26,248,000    
      proceeds from maturities of marketable securities
    		148,000,000   121,289,000 310,497,000 268,800,000 322,700,000 363,521,000 263,000,000 364,500,000 328,800,000 416,500,000 338,500,000 309,000,000 328,250,000 213,000,000 100,000,000 209,000,000 175,209,000 64,709,000 36,723,000 135,110,000 289,149,000 54,500,000 20,150,000 43,193,000 31,795,000 19,554,000 29,391,000 33,969,000 28,480,000 28,644,000 24,941,000 19,420,000 5,200,000  
      proceeds from sales of marketable securities
    		   0 0               27,074,000 0 13,959,000 12,000,000 0    0         
      capitalized software development costs
    		-6,259,000 -5,994,000 -8,167,000 -6,513,000 -6,114,000 -5,637,000 -6,450,000 -4,807,000 -4,519,000 -5,439,000 -6,879,000 -4,256,000 -5,186,000 -5,109,000 -4,657,000 -3,296,000 -3,677,000 -3,542,000 -4,021,000 -2,740,000 -2,844,000 -2,705,000 -2,289,000 -1,309,000 -1,152,000 -1,367,000 -1,232,000 -1,035,000 -1,527,000 -1,460,000 -1,653,000 -1,279,000 -1,362,000 -900,000 -1,083,000 -944,000 
      purchases of property and equipment
    		-534,000 -966,000 -5,951,000 -756,000 -394,000 -677,000 -299,000 -2,026,000 -1,098,000 -1,153,000 -1,676,000 -1,232,000 -2,439,000 -5,775,000 -1,528,000 -3,532,000 -3,475,000 -626,000 -1,096,000 -3,998,000 -291,000 -1,072,000 -1,152,000 -1,171,000 -1,472,000 -886,000 -1,103,000 -1,696,000 -892,000 -2,062,000 -1,634,000 -273,000 -2,611,000 -630,000 -488,000  
      net cash from investing activities
    		10,533,000 -14,977,000 -399,041,000 114,020,000 303,989,000 485,441,000 20,990,000 -4,187,000 -11,329,000 -55,966,000 8,999,000 -17,125,000 -41,184,000 -166,083,000 -171,223,000 133,195,000 -281,246,000 -220,045,000 -138,845,000 -62,828,000 -87,845,000 142,959,000 181,308,000 -420,396,000 11,068,000 1,393,000 -515,000 -2,083,000 -2,620,000 -6,292,000 -4,982,000 2,129,000 -5,280,000 -7,509,000 3,629,000 -84,552,000 
      cash flows from financing activities
    		                                    
      proceeds from issuance of convertible senior notes, net of issuance costs
    		   0 -662,000           0 0 -312,000 1,129,106,000     0             
      partial repurchase of convertible senior notes
    		   0 0           0 0 0 -432,230,000                  
      repayment of convertible senior notes
    		   0                                 
      purchase of capped calls related to convertible senior notes
    		   0 0           0 0 0 -102,350,000     0             
      principal payments under finance lease obligations
    		-3,000 -3,000 -57,000 -228,000 -255,000 -258,000 -258,000 -255,000 -250,000 -244,000 -241,000 -239,000 -185,000 -89,000 -106,000                      
      repurchases of common stock
    		-111,944,000 -43,332,000 -45,451,000                            -16,000      
      proceeds from exercises of stock options
    		133,000 2,882,000 2,136,000 4,553,000 400,000 2,324,000 314,000 775,000 7,067,000 9,509,000 2,411,000 1,018,000 1,249,000 1,031,000 1,389,000 3,749,000 2,629,000 2,899,000 2,151,000 6,351,000 3,871,000 5,760,000 4,656,000 2,200,000 3,806,000 1,801,000 2,764,000 484,000 7,455,000 2,612,000 3,453,000 1,580,000 2,911,000 5,696,000 65,000  
      proceeds from employee stock purchase plan
    		0   2,757,000 0   2,719,000 0   2,530,000 0   3,823,000 0   3,364,000 0   2,743,000 0            
      acquisition of common stock for tax withholding obligations
    		-1,874,000 -2,052,000 -10,939,000 -3,861,000 -1,220,000 -1,403,000 -10,981,000 -885,000 -722,000 -1,019,000 -12,403,000 -1,678,000 -1,864,000 -1,815,000 -4,187,000 -4,358,000 -2,713,000 -4,802,000 -5,134,000 -2,058,000 -1,272,000 -1,294,000 -3,562,000 -568,000 -784,000 -859,000 -1,729,000 -31,000 -112,000        
      net cash from financing activities
    		-113,688,000 -37,913,000 -54,311,000 3,221,000 -251,737,000 -240,704,000 -10,925,000 -3,253,000 6,095,000 13,537,000 -10,233,000 1,631,000 -800,000 3,509,000 -2,904,000 5,348,000 -212,000 2,730,000 591,374,000 7,489,000 2,430,000 8,018,000 925,000 4,262,000 443,866,000 3,349,000 1,035,000 4,770,000 7,343,000 -585,000 2,994,000 1,580,000 2,911,000 5,696,000 -594,000 92,941,000 
      effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash
    		-147,000 170,000 240,000 -403,000 477,000 -209,000 -212,000 151,000 -64,000 -166,000 -41,000 215,000 -146,000 -416,000 -271,000 -113,000 3,000 6,000 -210,000 90,000 88,000   -47,000 144,000 220,000 -56,000          
      net increase in cash, cash equivalents, and restricted cash
    		-39,502,000 -20,375,000 -406,370,000 160,632,000 108,648,000 285,226,000 60,278,000 34,880,000 31,728,000 -18,044,000 21,592,000 10,475,000 -17,954,000 -157,083,000 -174,222,000 160,556,000 -264,381,000 -204,921,000 480,824,000 -40,437,000 -63,538,000 160,636,000 190,750,000 -407,957,000 464,932,000 13,582,000 3,490,000 7,776,000 9,537,000 -2,196,000 -166,000      
      cash, cash equivalents, and restricted cash, beginning of period
    		0 0 886,147,000 0 0 0 271,363,000 0 0 0 201,207,000 0 0 0 539,991,000 0 0 0 367,913,000 0 0 0 120,502,000 0 0 0 46,455,000  0 0 31,504,000      
      cash, cash equivalents, and restricted cash, end of period
    		-39,502,000 -20,375,000 479,777,000 160,632,000 108,648,000 285,226,000 331,641,000 34,880,000 31,728,000 -18,044,000 222,799,000 10,475,000 -17,954,000 -157,083,000 365,769,000 160,556,000 -264,381,000 -204,921,000 848,737,000 -40,437,000 -63,538,000 160,636,000 311,252,000 -407,957,000 464,932,000 13,582,000 49,945,000  9,537,000 -2,196,000 31,338,000      
      reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
    		                                    
      cash and cash equivalents at end of period
    		-39,241,000 -20,395,000 479,536,000 160,649,000 108,637,000 285,228,000 331,401,000 34,869,000 31,734,000 -18,043,000 222,557,000 10,454,000 -17,940,000 -157,068,000 365,522,000 160,762,000 -264,366,000 -204,925,000 848,268,000 -40,657,000 -63,550,000 160,631,000 310,989,000 -407,965,000 464,942,000 13,579,000 49,676,000  9,719,000        
      restricted cash included within other assets at end of period
    		 20,000 241,000 -17,000 11,000 -2,000 240,000 11,000 -6,000 -1,000 242,000 21,000 -14,000 -15,000 247,000 -3,000 -10,000 4,000 261,000 12,000 11,000 6,000 244,000   -16,000 269,000  18,000        
      total cash, cash equivalents, and restricted cash at end of period shown in the condensed consolidated statements of cash flows
    		-39,502,000 -20,375,000 479,777,000                                  
      net foreign currency (gains) losses
    		 788,000 -227,000     -29,000 -20,000 429,000 473,000 -7,000 -637,000 -644,000 -182,000 -366,000 35,000   52,000 -237,000      128,000    -59,000      
      change in fair value of contingent consideration
    		       0 -11,120,000 -25,535,000 3,106,000 -21,017,000 1,745,000 -14,042,000 -1,816,000 668,000 -10,346,000 -782,000 7,702,000 176,000 -72,000 -221,000 145,000 -267,000 129,000 193,000 -9,000 163,000 97,000 78,000 112,000 261,000 178,000 96,000 93,000 93,000 
      impairment of cloud computing implementation costs
    		                                    
      changes in operating assets and liabilities, net of impact of acquisition:
    		                                    
      contingent consideration paid in excess of original estimates
    		                                    
      acquisition, net of cash acquired
    		       -9,000    0 0 0 -157,738,000                     0 
      financed purchases of property and equipment
    		           0 0   0 -128,000 -252,000 -169,000 -168,000 -169,000 -56,000 -169,000 -113,000 -169,000            
      payment of contingent consideration for the 2013 acquisition
    		                                    
      reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
    		                                    
      total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows
    		   160,632,000 108,648,000 285,226,000 331,641,000 34,880,000 31,728,000 -18,044,000 222,799,000 10,475,000 -17,954,000 -157,083,000 365,769,000 160,556,000 -264,381,000 -204,921,000 848,737,000 -40,437,000 -63,538,000 160,636,000 311,252,000   13,582,000 49,945,000  9,537,000        
      loss on extinguishment of convertible senior notes
    		                0 0 7,012,000                  
      amortization of purchase discounts on marketable securities
    		                                    
      investment from redeemable non-controlling interest
    		                                    
      net gain
    		          5,277,000                          
      amortization (accretion) of purchase discounts on marketable securities
    		          -7,519,000    95,000                      
      amortization of debt discount and issuance costs
    		           1,392,000 1,389,000 1,373,000 1,357,000 16,266,000 16,031,000 15,590,000 7,651,000 5,815,000 5,758,000 5,584,000 5,532,000 5,487,000             
      loss on extinguishment of convertible notes
    		                                    
      non-cash lease expense
    		                                    
      purchases of intangible assets
    		                   0 0                
      restricted cash included within prepaid expenses and other current assets at end of period
    		                -5,000 0 208,000 208,000 1,000 -1,000 19,000 1,000 0            
      principal payments on finance lease obligations
    		                                    
      cash paid for pending acquisition
    		                                    
      benefit from doubtful accounts receivable
    		                 -18,000 -8,000  233,000 71,000 69,000 0 84,000 48,000 25,000 -65,000 24,000 8,000 -51,000 -37,000     
      principal payments on capital lease obligations
    		                           0 0 0 -443,000 0 0 0 -549,000 0 
      accretion amortization of purchase discounts on marketable securities
    		                      -523,000              
      change in fair value of common stock warrant liability
    		                               0 0 2,490,000 1,000,000 6,180,000 
      amortization of purchase discounts/premiums on marketable securities
    		                          -409,000 -326,000 -298,000 -237,000 -67,000 -63,000 -33,000    
      payments of initial public offering costs
    		                               0 0 0 -110,000  
      accretion of purchase discounts/premiums on marketable securities
    		                                    
      net income attributable to redeemable non-controlling interest
    		                          -250,000          
      accretion of debt discount and accrual of paid-in-kind interest
    		                                    
      payment of paid-in-kind interest
    		                                    
      proceeds from term loan, net of issuance costs
    		                                   -169,000 
      principal payments on term loan and prepayment penalties
    		                                    
      proceeds from issuance of common stock
    		                                   0 
      proceeds from initial public offering, net of underwriting discounts and commissions
    		                                    
      * see note 3 for a summary of adjustments.
    		                                    
      changes in operating assets and liabilities, net of effects of the acquisition:
    		                                    
      cash and cash equivalents
    		                              30,864,000      
      restricted cash included within prepaid expenses and other current assets
    		                              200,000      
      restricted cash included within other assets
    		                              274,000      
      total cash, cash equivalents, and restricted cash
    		                              31,338,000      
      deferred sales commissions
    		                               -2,699,000 -1,101,000 -312,000 134,000 -2,438,000 
      net increase in cash and cash equivalents
    		                               6,459,000 1,138,000 59,000 1,330,000 2,532,000 
      cash and cash equivalents, beginning of period
    		                               0 0 0 22,118,000 0 
      cash and cash equivalents, end of period
    		                               6,459,000 1,138,000 59,000 23,448,000 2,532,000 
      accretion of debt discount and accrual of paid in kind interest
    		                                    
      (accretion)/amortization of purchase discounts/premiums on marketable securities
    		                                  63,000  
      payment of paid in kind interest
    		                                    
      investments in marketable securities
    		                                    
      accretion of debt discount and paid in kind interest
    		                                    
      purchase of property and equipment
    		                                    
      payments of deferred offering costs
    		                                    
      repurchase of common stock
    		                                    
      proceeds from exercise of stock options
    		                                    
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.