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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 172,025 $ 160,506 $ 338,956 $ 317,967
Cost of revenues        
Total cost of revenues 42,622 40,348 83,546 79,445
Gross profit 129,403 120,158 255,410 238,522
Operating expenses        
Sales and marketing 64,712 60,248 127,775 121,359
Research and development 27,964 25,721 53,689 50,736
General and administrative 28,138 31,053 56,483 61,099
Restructuring costs 1,044 928 6,343 1,372
Total operating expenses 121,858 117,950 244,290 234,566
Income from operations 7,545 2,208 11,120 3,956
Other income (expense)        
Interest income 8,555 14,065 17,447 29,425
Interest expense (2,533) (2,089) (5,055) (3,558)
Gain on extinguishment of convertible senior notes 0 65,112 0 65,112
Other income, net 6,022 77,088 12,392 90,979
Income before income taxes 13,567 79,296 23,512 94,935
Provision for income taxes 6,176 4,337 10,847 5,206
Net income 7,391 74,959 12,665 89,729
Net income attributable to redeemable non-controlling interest 660 524 1,057 962
Adjustment attributable to redeemable non-controlling interest (1,561) (2,255) (2,739) 1,248
Net income attributable to BlackLine, Inc. $ 8,292 $ 76,690 $ 14,347 $ 87,519
Basic net income per share attributable to BlackLine, Inc. (in usd per share) $ 0.13 $ 1.24 $ 0.23 $ 1.42
Shares used to calculate basic net income per share (in shares) 62,143 61,979 62,481 61,811
Diluted net income per share attributable to BlackLine, Inc. (in usd per share) $ 0.13 $ 0.22 $ 0.23 $ 0.39
Shares used to calculate diluted net income per share (in shares) 64,004 72,522 64,420 72,708
Subscription and support        
Revenues        
Total revenues $ 163,027 $ 151,787 $ 321,489 $ 301,288
Cost of revenues        
Total cost of revenues 35,189 33,756 69,319 65,808
Professional services        
Revenues        
Total revenues 8,998 8,719 17,467 16,679
Cost of revenues        
Total cost of revenues $ 7,433 $ 6,592 $ 14,227 $ 13,637