0001666134-22-000014 | 10-Q | XBRL Viewer

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Fair Value Measurements - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 1,011,485	$ 1,091,074
Liabilities
Contingent consideration	62,566	20,732
Total liabilities	62,566	20,732
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	87,479	432,110
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	68,600
Marketable securities	259,002	584,484
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	384,944
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	74,060	74,480
U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	137,400
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	472,423	432,110
Liabilities
Contingent consideration	0	0
Total liabilities	0	0
Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	87,479	432,110
Level 1 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
Marketable securities	0	0
Level 1 \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	384,944
Level 1 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 \| U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	539,062	658,964
Liabilities
Contingent consideration	0	0
Total liabilities	0	0
Level 2 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 2 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	68,600
Marketable securities	259,002	584,484
Level 2 \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0
Level 2 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	74,060	74,480
Level 2 \| U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	137,400
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Liabilities
Contingent consideration	62,566	20,732
Total liabilities	62,566	20,732
Level 3 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 3 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
Marketable securities	0	0
Level 3 \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0
Level 3 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	$ 0
Level 3 \| U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 0

Fair Value Measurements - Narrative (Details)	Sep. 30, 2022 USD ($)	Jan. 26, 2022 USD ($)
2013 Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 6,900,000
Rimilia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	0
FourQ Systems, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 55,600,000	$ 55,947,000
FourQ Systems, Inc. \| Measurement Input, Expected Term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration, liability, measurement input		3

Equity Awards - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement [Abstract]
Stock-based compensation capitalized as an asset	$ 0.7	$ 0.5	$ 1.7	$ 1.4

Balance Sheet Components - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Accrued salaries and employee benefits	$ 32,646	$ 32,156
Accrued income and other taxes payable	6,885	9,770
Other accrued expenses and current liabilities	11,613	9,004
Accrued Expenses and Other Current Liabilities, Total	$ 51,144	$ 50,930

Convertible Senior Notes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Interest expense related to amortization of debt discount and issuance costs			$ 4,119	$ 39,272
Convertible Senior Notes due 2024
Debt Instrument [Line Items]
Interest expense related to amortization of debt discount and issuance costs	$ 300	$ 3,000	1,000	11,300
Coupon interest expense	100	100	$ 200	300
Remaining life of notes			22 months
Convertible Senior Notes due 2024 \| Level 2
Debt Instrument [Line Items]
Estimated fair value of convertible senior notes	258,800		$ 258,800
Convertible Senior Notes due 2026
Debt Instrument [Line Items]
Interest expense related to amortization of debt discount and issuance costs	1,100	$ 13,000	$ 3,200	$ 28,000
Remaining life of notes			42 months
Convertible Senior Notes due 2026 \| Level 2
Debt Instrument [Line Items]
Estimated fair value of convertible senior notes	$ 939,100		$ 939,100

Convertible Senior Notes (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Summary of Notes

The 2024 Notes consisted of the following (in thousands):


	September 30, 2022		December 31, 2021
Liability:
Principal	$	250,000	$	250,000
Unamortized debt discount	—		(31,562)
Unamortized debt issuance costs	(2,395)		(2,938)
Net carrying amount	$	247,605	$	215,500
Carrying amount of the equity component	$	—	$	55,615

The 2026 Notes consisted of the following (in thousands):


	September 30, 2022		December 31, 2021
Liability:
Principal	$	1,150,000	$	1,150,000
Unamortized debt discount	—		(237,096)
Unamortized debt issuance costs	(14,691)		(14,165)
Net carrying amount	$	1,135,309	$	898,739
Carrying amount of the equity component	$	—	$	271,229

Balance Sheet Components - Schedule of Investments in Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 858,271	$ 658,886
Gross Unrealized Gains	613	346
Gross Unrealized Losses	(3,478)	(268)
Fair Value	855,406	658,964
U.S. treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	386,580
Gross Unrealized Gains	10
Gross Unrealized Losses	(1,646)
Fair Value	384,944
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	73,569	74,144
Gross Unrealized Gains	603	346
Gross Unrealized Losses	(112)	(10)
Fair Value	74,060	74,480
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	259,954	584,742
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(952)	(258)
Fair Value	259,002	$ 584,484
U.S. government agencies
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	138,168
Gross Unrealized Gains	0
Gross Unrealized Losses	(768)
Fair Value	$ 137,400

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (PARENTHETICAL) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Amortized cost	$ 858,271	$ 658,886
Allowances for credit losses	$ 2,284	$ 2,923

Unearned Revenue and Performance Obligations	9 Months Ended
Unearned Revenue and Performance Obligations	Sep. 30, 2022
Unearned Revenue And Performance Obligations [Abstract]
Unearned Revenue and Performance Obligations	Unearned Revenue and Performance Obligations Revenue totaling $217.0 million and $173.8 million was recognized during the nine months ended September 30, 2022 and 2021, respectively, that was previously included in the deferred revenue balance at December 31, 2021 and 2020, respectively. Contracted not recognized revenue was $684.6 million at September 30, 2022, of which the Company expects to recognize approximately 56% over the next 12 months and the remainder thereafter.

Intangible Assets and Goodwill - Summary of Carrying Value of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 173,657	$ 99,257
Accumulated Amortization	(77,612)	(63,062)
Net Carrying Amount	96,045	36,195
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	15,977	15,977
Accumulated Amortization	(14,514)	(13,317)
Net Carrying Amount	1,463	2,660
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	129,258	64,358
Accumulated Amortization	(51,452)	(43,148)
Net Carrying Amount	77,806	21,210
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	26,089	16,589
Accumulated Amortization	(10,859)	(6,046)
Net Carrying Amount	15,230	10,543
Defensive patent
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,333	2,333
Accumulated Amortization	(787)	(551)
Net Carrying Amount	$ 1,546	$ 1,782

Basis of Presentation, Significant Accounting Policies and Recently-Issued Accounting Pronouncements - Adjustment for Adoption of Accounting Principle (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Jan. 01, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Reclassification [Line Items]
Adjustment to equity for adoption of ASU 2020-06		$ 77,931	$ 340,740	$ 77,931	$ 340,740	$ 79,183	$ 325,036	$ 337,041	$ 422,070
Tax effect on adoption of ASU-2020-06		474	(210)	(12,852)	(78)
Additional Paid-in Capital
Reclassification [Line Items]
Adjustment to equity for adoption of ASU 2020-06		363,782	609,433	363,782	609,433	344,264	625,883	596,183	622,768
Accumulated Deficit
Reclassification [Line Items]
Adjustment to equity for adoption of ASU 2020-06		$ (283,369)	$ (269,436)	$ (283,369)	$ (269,436)	$ (264,725)	(301,735)	$ (259,970)	$ (201,651)
Cumulative Effect, Period of Adoption, Adjustment
Reclassification [Line Items]
Adjustment to equity for adoption of ASU 2020-06	$ (262,100)						(262,130)
Cumulative Effect, Period of Adoption, Adjustment \| Additional Paid-in Capital
Reclassification [Line Items]
Adjustment to equity for adoption of ASU 2020-06	(324,400)						(324,418)
Tax effect on adoption of ASU-2020-06	2,400
Cumulative Effect, Period of Adoption, Adjustment \| Accumulated Deficit
Reclassification [Line Items]
Adjustment to equity for adoption of ASU 2020-06	$ 62,300						$ 62,288

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

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+ Details

Net Loss per Share - Additional Information (Details) - shares shares in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion option in notes not considered in calculation of diluted net loss per share (in shares)	4,932	4,559
Convertible Notes \| Convertible Senior Notes due 2024
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion option in notes not considered in calculation of diluted net loss per share (in shares)	3,400
Convertible Notes \| Convertible Senior Notes due 2024 \| Certain Corporate Events Occur Prior to Maturity Date or Company Issues Notice of Redemption
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion option in notes not considered in calculation of diluted net loss per share (in shares)	4,700
Convertible Notes \| Convertible Senior Notes due 2026
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion option in notes not considered in calculation of diluted net loss per share (in shares)	6,900
Convertible Notes \| Convertible Senior Notes due 2026 \| Certain Corporate Events Occur Prior to Maturity Date or Company Issues Notice of Redemption
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion option in notes not considered in calculation of diluted net loss per share (in shares)	9,900

Convertible Senior Notes

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Convertible Senior Notes

2024 Notes

The 2024 Notes consisted of the following (in thousands):


	September 30, 2022		December 31, 2021
Liability:
Principal	$	250,000	$	250,000
Unamortized debt discount	—		(31,562)
Unamortized debt issuance costs	(2,395)		(2,938)
Net carrying amount	$	247,605	$	215,500
Carrying amount of the equity component	$	—	$	55,615

The Company carries the 2024 Notes at face value less unamortized issuance costs on the accompanying condensed consolidated balance sheets and presents the fair value for disclosure purposes only. The estimated fair value was determined based on the actual bids and offers of the 2024 Notes in an over-the-counter market on the last trading day of the period. The estimated fair value of the 2024 Notes, based on a market approach at September 30, 2022, was approximately $258.8 million, which represents a Level 2 valuation.

During the quarter ended September 30, 2022, the Company recognized $0.3 million of interest expense related to the amortization of issuance costs and $0.1 million of coupon interest expense. During the quarter ended September 30, 2021, the Company recognized $3.0 million of interest expense related to the amortization of debt discount and issuance costs and $0.1 million of coupon interest expense.

During the nine months ended September 30, 2022, the Company recognized $1.0 million of interest expense related to the amortization of issuance costs and $0.2 million of coupon interest expense. During the nine months ended September 30, 2021, the Company recognized $11.3 million of interest expense related to the amortization of debt discount and issuance costs and $0.3 million of coupon interest expense.

At September 30, 2022, the remaining life of the 2024 Notes was approximately 22 months.

The 2024 Notes were not convertible at September 30, 2022. It is the Company’s current intent to settle conversions of the Notes through “combination settlement”, which involves repayment of the principal portion in cash and any excess of the conversion value over the principal amount in shares of its common stock.

There have been no changes to the condition of the 2024 Capped Calls since December 31, 2021, and the Capped Calls are still outstanding as of September 30, 2022.

2026 Notes

The 2026 Notes consisted of the following (in thousands):


	September 30, 2022		December 31, 2021
Liability:
Principal	$	1,150,000	$	1,150,000
Unamortized debt discount	—		(237,096)
Unamortized debt issuance costs	(14,691)		(14,165)
Net carrying amount	$	1,135,309	$	898,739
Carrying amount of the equity component	$	—	$	271,229

The Company carries the 2026 Notes at face value less unamortized issuance costs on the accompanying condensed consolidated balance sheets and presents the fair value for disclosure purposes only. The estimated fair value was determined based on the actual bids and offers of the 2026 Notes in an over-the-counter market on the last trading day of the period. The estimated fair value of the 2026 Notes, based on a market approach at September 30, 2022, was approximately $939.1 million, which represents a Level 2 valuation.

During the quarter and nine months ended September 30, 2022, the Company recognized $1.1 million and $3.2 million of interest expense related to the amortization of issuance costs, respectively.

During the quarter and nine months ended September 30, 2021, the Company recognized $13.0 million and $28.0 million of interest expense related to the amortization of issuance costs, respectively.

At September 30, 2022, the remaining life of the 2026 Notes was approximately 42 months.

The 2026 Notes were not convertible at September 30, 2022. It is the Company’s current intent to settle conversions of the Notes through “combination settlement”, which involves repayment of the principal portion in cash and any excess of the conversion value over the principal amount in shares of its common stock.

There have been no changes to the condition of the 2026 Capped Calls since December 31, 2021, and the Capped Calls are still outstanding as of September 30, 2022.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjustment	Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit	Accumulated Deficit Cumulative Effect, Period of Adoption, Adjustment	Accumulated Deficit Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning Balance (in shares) at Dec. 31, 2020				57,682
Beginning Balance at Dec. 31, 2020	$ 422,070			$ 577	$ 622,768			$ 376	$ (201,651)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)				291
Stock option exercises	7,674			$ 3	7,671				0
Vesting of restricted stock units (in shares)				605
Vesting of restricted stock units	5			$ 5	0				0
Issuance of common stock through employee stock purchase plan (in shares)				64
Issuance of common stock through employee stock purchase plan	5,197			$ 1	5,196				0
Acquisition of common stock for tax withholding obligations	(12,649)				(12,649)				0
Stock-based compensation	50,123				50,123				0
Equity component of partial repurchase of 2024 convertible senior notes	(219,284)				(219,284)
Equity component of the 2026 convertible senior notes, net of issuance costs and tax	268,324				268,324
Purchase of capped calls	(102,350)				(102,350)
Other comprehensive income	(219)							(219)
Net loss attributable to BlackLine, Inc., including adjustment to redeemable non-controlling interest	(78,151)				(10,366)				(67,785)
Ending Balance (in shares) at Sep. 30, 2021				58,642
Ending Balance at Sep. 30, 2021	340,740			$ 586	609,433			157	(269,436)
Beginning Balance (in shares) at Jun. 30, 2021				58,402
Beginning Balance at Jun. 30, 2021	337,041			$ 584	596,183			244	(259,970)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)				96
Stock option exercises	2,628			$ 1	2,627				0
Vesting of restricted stock units (in shares)				144
Vesting of restricted stock units	1			$ 1	0				0
Acquisition of common stock for tax withholding obligations	(2,713)				(2,713)				0
Stock-based compensation	17,372				17,372				0
Equity component of the 2026 convertible senior notes, net of issuance costs and tax	239				239
Other comprehensive income	(87)							(87)
Net loss attributable to BlackLine, Inc., including adjustment to redeemable non-controlling interest	(13,741)				(4,275)				(9,466)
Ending Balance (in shares) at Sep. 30, 2021				58,642
Ending Balance at Sep. 30, 2021	340,740			$ 586	609,433			157	(269,436)
Beginning Balance (in shares) at Dec. 31, 2021				58,984
Beginning Balance at Dec. 31, 2021	325,036	$ (262,130)	$ 62,906	$ 590	625,883	$ (324,418)	$ 301,465	298	(301,735)	$ 62,288	$ (239,447)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)				202
Stock option exercises	3,664			$ 2	3,662
Vesting of restricted stock units (in shares)				492
Vesting of restricted stock units	5			$ 5	0
Issuance of common stock through employee stock purchase plan (in shares)				98
Issuance of common stock through employee stock purchase plan	4,466			$ 1	4,465
Acquisition of common stock for tax withholding obligations	(7,866)				(7,866)				0
Stock-based compensation	58,829				58,829				0
Other comprehensive income	(3,378)							(3,378)
Net loss attributable to BlackLine, Inc., including adjustment to redeemable non-controlling interest	(40,695)				3,227				(43,922)
Ending Balance (in shares) at Sep. 30, 2022				59,776
Ending Balance at Sep. 30, 2022	77,931			$ 598	363,782			(3,080)	(283,369)
Beginning Balance (in shares) at Jun. 30, 2022				59,573
Beginning Balance at Jun. 30, 2022	79,183			$ 596	344,264			(952)	(264,725)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock option exercises (in shares)				85
Stock option exercises	1,248			$ 1	1,247				0
Vesting of restricted stock units (in shares)				118
Vesting of restricted stock units	1			$ 1
Acquisition of common stock for tax withholding obligations	(1,864)				(1,864)
Stock-based compensation	21,510				21,510
Other comprehensive income	(2,128)							(2,128)
Net loss attributable to BlackLine, Inc., including adjustment to redeemable non-controlling interest	(20,019)				(1,375)				(18,644)
Ending Balance (in shares) at Sep. 30, 2022				59,776
Ending Balance at Sep. 30, 2022	$ 77,931			$ 598	$ 363,782			$ (3,080)	$ (283,369)

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2020-06 [Member]

- Definition

Indicates amendment to accounting standards.

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-URI https://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 67: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 68: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

+ Details

Fair Value Measurements

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis by level, within the fair value hierarchy. Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):


	September 30, 2022
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	87,479	$	—	$	—	$	87,479
Commercial paper	—		68,600		—		68,600


Marketable securities
U.S. treasury securities	384,944		—		—		384,944
Corporate bonds	—		74,060		—		74,060
Commercial paper	—		259,002		—		259,002
U.S. government agencies	—		137,400		—		137,400

Total assets	$	472,423	$	539,062	$	—	$	1,011,485
Liabilities
Contingent consideration	$	—	$	—	$	62,566	$	62,566
Total liabilities	$	—	$	—	$	62,566	$	62,566


	December 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	432,110	$	—	$	—	$	432,110

Marketable securities

Corporate bonds	—		74,480		—		74,480
Commercial paper	—		584,484		—		584,484
Total assets	$	432,110	$	658,964	$	—	$	1,091,074
Liabilities
Contingent consideration	$	—	$	—	$	20,732	$	20,732
Total liabilities	$	—	$	—	$	20,732	$	20,732

The following table summarizes the changes in the contingent consideration liability (in thousands):


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Beginning fair value	$	60,821	$	30,410	$	20,732	$	23,490
Additions in the period	—		—		55,947		—
Change in fair value	1,745		(10,346)		(14,113)		(3,426)
Ending fair value	$	62,566	$	20,064	$	62,566	$	20,064

The fair value of the contingent consideration related to the 2013 Acquisition is determined by discounting estimated future taxable income. The significant inputs used in the fair value measurement of the contingent consideration are the timing and amount of taxable income in any given period and determining an appropriate discount rate, which are not based on observable market data and consider the risks associated with the forecasted taxable income. Significant changes in the estimated future taxable income and the periods in which they are generated would significantly impact the fair value of the contingent consideration liability. At September 30, 2022, the fair value of the contingent consideration liability related to the 2013 Acquisition was $6.9 million.

During the quarter ended September 30, 2022, Rimilia did not meet specified annual recurring revenue thresholds, which relieved the Company of its obligation to pay the contingent consideration, and accordingly, the related liability for the Rimilia Acquisition was reduced to zero.

To determine the fair value of the contingent consideration related to the FourQ Acquisition, management utilized a Monte Carlo simulation model to value the earnout based on the likelihood of reaching firm-specific targets. Significant inputs used in the fair value measurement of contingent consideration are the amount and timing of new and incremental combined bookings from FourQ and BlackLine, and revenues from a specified FourQ customer over a three-year period subsequent to the acquisition date, as well as the discount rate. At

September 30, 2022, the fair value of the contingent consideration liability related to the FourQ Acquisition was $55.6 million.

Changes in the fair value of contingent consideration are recorded as general and administrative expenses in the unaudited condensed consolidated statements of operations.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2022

Balance Sheet Related Disclosures [Abstract]

Schedule of Investments in Marketable Securities

Investments in marketable securities presented within current assets on the condensed consolidated balance sheets consisted of the following (in thousands):


	September 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Marketable securities
U.S. treasury securities	$	386,580	$	10	$	(1,646)	$	384,944
Corporate bonds	73,569		603		(112)		74,060
Commercial paper	259,954		—		(952)		259,002
U.S. government agencies	138,168		—		(768)		137,400
	$	858,271	$	613	$	(3,478)	$	855,406


	December 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Marketable securities
Corporate bonds	$	74,144	$	346	$	(10)	$	74,480
Commercial paper	584,742		—		(258)		584,484
	$	658,886	$	346	$	(268)	$	658,964

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities were comprised of the following (in thousands):


	September 30, 2022		December 31, 2021
Accrued salaries and employee benefits	$	32,646	$	32,156
Accrued income and other taxes payable	6,885		9,770
Other accrued expenses and current liabilities	11,613		9,004
	$	51,144	$	50,930

Net Loss per Share - (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Loss per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share amounts):


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net loss attributable to BlackLine, Inc.	$	(20,019)	$	(13,741)	$	(40,695)	$	(78,151)
Denominator:
Weighted average shares	59,695		58,508		59,422		58,196
Add: Dilutive effect of securities	—		—		—		—
Shares used to calculate diluted net loss per share	59,695		58,508		59,422		58,196
Basic net loss per share attributable to BlackLine, Inc.	$	(0.34)	$	(0.23)	$	(0.68)	$	(1.34)
Diluted net loss per share attributable to BlackLine, Inc.	$	(0.34)	$	(0.23)	$	(0.68)	$	(1.34)

Schedule of Potentially Dilutive Shares Excluded From Calculation of Diluted Net Loss per Share Attributable to Common Stockholders

The following potentially dilutive shares were excluded from the calculation of diluted net loss per share attributable to common stockholders because they were anti-dilutive (in thousands):


	Nine Months Ended September 30,
	2022	2021
Stock options with service-only vesting conditions	2,488	2,855

Restricted stock units with service-only vesting conditions	2,233	1,704
Restricted stock units with performance and service vesting conditions	211	—
Total shares excluded from net loss per share	4,932	4,559

Equity Awards - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 20,899	$ 16,930	$ 57,410	$ 48,789
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	2,346	2,213	6,309	6,190
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	7,257	5,760	20,619	16,872
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	3,847	2,788	10,554	8,264
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 7,449	$ 6,169	$ 19,928	$ 17,463

Equity Awards - Summary of Restricted Stock Units Activity (Details) - Restricted stock units shares in Thousands	9 Months Ended
	Sep. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested, Beginning Balance (in shares)	1,503
Grants (in shares)	1,481
Vested (in shares)	(587)
Forfeited/canceled (in shares)	(164)
Nonvested, Ending balance (in shares)	2,233

Equity Awards - Restricted Stock Units-Performance and Service-based (Details) - USD ($) $ in Thousands, shares in Millions		3 Months Ended		9 Months Ended
	Apr. 04, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Aug. 19, 2022	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, cost		$ 20,899	$ 16,930	$ 57,410	$ 48,789
Restricted Stock Units-Performance and Service-Based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	0.2
Vesting period	3 years
Award grant date fair value						$ 300	$ 5,300
Stock-based compensation, cost		$ 1,300		$ 2,500

Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Geographic Information (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 134,268	$ 109,402	$ 382,981	$ 310,380
United States
Disaggregation of Revenue [Line Items]
Total revenues	96,769	78,335	273,934	223,848
International
Disaggregation of Revenue [Line Items]
Total revenues	$ 37,499	$ 31,067	$ 109,047	$ 86,532

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Business Combinations - Narrative (Details) - FourQ Systems, Inc. $ in Thousands		3 Months Ended	9 Months Ended
	Jan. 26, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
Business Acquisition [Line Items]
Business combination, payable at closing	$ 160,200
Maximum contingent consideration to be distributed	73,200
Transaction related costs (less than, for the quarter ended September 30. 2022)		$ 100	$ 3,400
Contingent consideration	$ 55,947	$ 55,600	$ 55,600
Weighted average useful lives	6 years 6 months
Measurement Input, Expected Term
Business Acquisition [Line Items]
Contingent consideration, liability, measurement input	3

Fair Value Measurements - Summary of Changes in Contingent Consideration Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Additions in the period	$ 0	$ 0	$ 55,947	$ 0
Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning fair value	60,821	30,410	20,732	23,490
Change in fair value	1,745	(10,346)	(14,113)	(3,426)
Ending fair value	$ 62,566	$ 20,064	$ 62,566	$ 20,064

Balance Sheet Components - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) position	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) position	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Balance Sheet Related Disclosures [Abstract]
Net gains and losses on maturities of marketable securities reclassified from accumulated other comprehensive loss to earnings	$ 2,800,000	$ 100,000	$ 3,300,000	$ 200,000
Net gains (losses) related to securities	0	$ 0	0	$ 0
Securities in continuous loss position, less than 12 months, estimated fair value	725,600,000		725,600,000		$ 379,700,000
Securities in continuous loss position, less than 12 Months, unrealized losses	$ 3,500,000		$ 3,500,000		300,000
Number of securities in continuous unrealized loss position, greater than 12 months \| position	0		0
Credit losses on marketable securities	$ 0		$ 0		0
Deferred customer contract acquisition costs	$ 84,900,000		$ 84,900,000		$ 80,000,000

Business Combinations (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase consideration and major classes of assets and liabilities to which the Company allocated the total fair value of purchase consideration of $214.2 million were as follows (in thousands):


Cash consideration	$	160,224
Post-acquisition working capital adjustment	(635)
Contingent consideration	55,947
Less: One-time expense related to accelerated vesting	(1,322)
Purchase consideration	$	214,214

Cash and cash equivalents	$	1,164
Accounts receivable, net	1,853
Prepaid expenses and other current assets	410
Other assets	143
Property and equipment	659

Intangible assets	74,400
Goodwill	154,151
Accounts payable	(1,537)
Accrued liabilities	(2,585)
Deferred revenue	(231)

Deferred tax liabilities, net	(14,213)
Total consideration	$	214,214

Acquired Intangible Asset Categories, Fair Value and Amortization Periods

The acquired intangible asset categories, fair value, and amortization periods, were as follows:


	Amortization Period	Fair Value (in thousands)
Developed technology	7	$	64,900
Customer relationships	3	9,500
		$	74,400

Equity Awards (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock-Based Compensation Expense

Stock-based compensation expense was as follows (in thousands):


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Cost of revenues	$	2,346	$	2,213	$	6,309	$	6,190
Sales and marketing	7,257		5,760		20,619		16,872
Research and development	3,847		2,788		10,554		8,264
General and administrative	7,449		6,169		19,928		17,463
	$	20,899	$	16,930	$	57,410	$	48,789

Summary of Stock Options Activity

The following table summarizes activity for awards that contain service-only vesting conditions (in thousands):


Outstanding at December 31, 2021			2,739
Granted			—
Exercised			(228)
Forfeited/canceled			(23)
Outstanding at September 30, 2022			2,488

Summary of Restricted Stock Units Activity

The following table summarizes activity for restricted stock units with service-only vesting conditions (in thousands):


Nonvested at December 31, 2021			1,503
Granted			1,481
Vested			(587)
Forfeited/canceled			(164)
Nonvested at September 30, 2022			2,233

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation—From time to time, the Company may become subject to legal proceedings, claims and litigation arising in the ordinary course of business. The Company is not currently a party to any legal proceedings, nor is it aware of any pending or threatened litigation that would have a material adverse effect on the Company’s business, operating results, cash flows, or financial condition should such litigation be resolved unfavorably. Indemnification—In the ordinary course of business, the Company may provide indemnification of varying scope and terms to customers, vendors, investors, directors, and officers with respect to certain matters, including, but not limited to, losses arising out of its breach of such agreements, services to be provided by the Company, or from intellectual property infringement claims made by third parties. These indemnification provisions may survive termination of the underlying agreement and the maximum potential amount of future payments the Company could be required to make under these indemnification provisions may not be subject to maximum loss clauses. The maximum potential amount of future payments the Company could be required to make under these indemnification provisions is indeterminable. The Company has never paid a material claim, nor has it been sued in connection with these indemnification arrangements. At September 30, 2022 and December 31, 2021, the Company has not accrued a liability for these indemnification arrangements because the likelihood of incurring a payment obligation, if any, in connection with these indemnification arrangements was not probable or reasonably estimable.

Business Combinations

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Business Combinations

Acquisition of FourQ

On January 26, 2022 the Company completed the FourQ Acquisition for cash consideration of $160.2 million payable at the closing of the acquisition with additional cash payments of up to $73.2 million payable upon certain earnout conditions being met. The FourQ Acquisition enhances the Company's existing intercompany accounting automation capabilities by driving end-to-end automation of traditionally manual intercompany accounting processes. The Company incurred transaction-related costs, which include, but are not limited to, fees for accounting, legal, and advisory services, of less than $0.1 million and $3.4 million during the quarter and nine months ended September 30, 2022, respectively. The transaction-related costs were expensed as incurred.

The contingent consideration was classified as a liability and included in contingent consideration on the accompanying condensed consolidated balance sheet. It will be remeasured on a recurring basis at fair value. To estimate the fair value of the contingent consideration liability, management utilized a Monte Carlo simulation model to value the earnout based on the likelihood of reaching firm-specific targets. Significant inputs used in the fair value measurement of contingent consideration are the amount and timing of new and incremental combined bookings from FourQ and BlackLine, and revenues from a specified FourQ customer over a three-year period subsequent to the acquisition date, as well as the discount rate. At January 26, 2022, the fair value of the contingent consideration liability was $55.9 million.

The Company accounted for the transaction as a business combination using the acquisition method of accounting. The total purchase price was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition date. The purchase price allocation is preliminary.

The purchase consideration and major classes of assets and liabilities to which the Company allocated the total fair value of purchase consideration of $214.2 million were as follows (in thousands):


Cash consideration	$	160,224
Post-acquisition working capital adjustment	(635)
Contingent consideration	55,947
Less: One-time expense related to accelerated vesting	(1,322)
Purchase consideration	$	214,214

Cash and cash equivalents	$	1,164
Accounts receivable, net	1,853
Prepaid expenses and other current assets	410
Other assets	143
Property and equipment	659

Intangible assets	74,400
Goodwill	154,151
Accounts payable	(1,537)
Accrued liabilities	(2,585)
Deferred revenue	(231)

Deferred tax liabilities, net	(14,213)
Total consideration	$	214,214

The Company believes the amount of goodwill resulting from the acquisition is primarily attributable to increased offerings to customers, and enhanced opportunities for growth and innovation. The goodwill resulting from the acquisition is not tax deductible.

To determine the estimated fair value of intangible assets acquired, the Company engaged a third-party valuation specialist to assist management. All estimates, key assumptions, and forecasts were either provided by, or reviewed by the Company. While the Company chose to utilize a third-party valuation specialist for assistance, the fair value analysis and related valuations reflect the conclusions of the Company and not those of any third party. The fair value measurements of the intangible assets were based primarily on significant unobservable inputs and thus represent a Level 3 measurement as defined in ASC 820. The acquired intangible asset categories, fair value, and amortization periods, were as follows:


	Amortization Period	Fair Value (in thousands)
Developed technology	7	$	64,900
Customer relationships	3	9,500
		$	74,400

The weighted average lives of intangible assets at the acquisition date was 6.5 years.

The identified intangible assets, developed technology and customer relationships, were valued as follows:

Developed technology – The Company valued the finite-lived developed technology using the multi-period excess earnings model ("MPEEM") under the income approach. This method estimates an intangible asset’s value based on the present value of the incremental after-tax cash flows attributable to the intangible asset. The Company applied judgment which involves the use of significant assumptions with respect to the discount rate, obsolescence rate, revenue forecasts, research and development for future technology, and EBITDA forecasts.

Customer relationships – The Company valued the finite-lived customer relationships using the differential cash flow (with-and-without) model. This method assumes that the value of the intangible asset is equal to the difference between the present value of the prospective cash flows with the intangible asset in place and the

present value of the prospective cash flows without the intangible asset. The Company applied judgment, which involved the use of significant assumptions with respect to the discount rate and the customer ramp-up rate.

The revenue and earnings of the acquired business were included in the Company’s results since the acquisition date and are not material to the Company’s consolidated financial results for the quarter and nine months ended September 30, 2022. Pro forma revenues and results of operations for this acquisition have not been presented as the impact on the Company’s consolidated financial statements would be immaterial.

Redeemable Non-Controlling Interest - Additional Information (Details) - BlackLine K.K. - BlackLine K.K. $ in Millions	1 Months Ended
	Oct. 31, 2018 USD ($)
Redeemable Noncontrolling Interest [Line Items]
Business combination, contribution	$ 4.5
Business combination, outstanding common stock percentage	51.00%

Redeemable Non-Controlling Interest (Tables)

9 Months Ended

Sep. 30, 2022

Equity Method Investments and Joint Ventures [Abstract]

Summary of Redeemable Non-Controlling Interest

The following table summarizes the activity in the redeemable non-controlling interest for the periods indicated below:


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Balance at beginning of period	$	23,635	$	18,032	$	28,699	$	12,524
Net loss attributable to redeemable non-controlling interest (excluding adjustment to non-controlling interest)	(344)		(252)		(468)		(733)
Foreign currency translation	(71)		(6)		(409)		(108)
Adjustment to redeemable non-controlling interest	1,375		4,275		(3,227)		10,366
Balance at end of period	$	24,595	$	22,049	$	24,595	$	22,049

Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Value of Intangible Assets

The carrying value of intangible assets was as follows (in thousands):


	September 30, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trade name	$	15,977	$	(14,514)	$	1,463
Developed technology	129,258		(51,452)		77,806
Customer relationships	26,089		(10,859)		15,230
Defensive patent	2,333		(787)		1,546
	$	173,657	$	(77,612)	$	96,045


	December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trade name	$	15,977	$	(13,317)	$	2,660
Developed technology	64,358		(43,148)		21,210
Customer relationships	16,589		(6,046)		10,543
Defensive patent	2,333		(551)		1,782
	$	99,257	$	(63,062)	$	36,195

Schedule of Changes in Goodwill

The following table represents the changes in goodwill (in thousands):


Balance at December 31, 2021	$	289,710
Additions from acquisitions	154,151
Balance at September 30, 2022	$	443,861

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Net Loss per Share - Schedule of Potentially Dilutive Shares Excluded From Calculation of Diluted Net Loss per Share Attributable to Common Stockholders (Details) - shares shares in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from net loss per share (in shares)	4,932	4,559
Stock options with service-only vesting conditions
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from net loss per share (in shares)	2,488	2,855
Restricted stock units with service-only vesting conditions
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from net loss per share (in shares)	2,233	1,704
Restricted stock units with performance and service vesting conditions
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares excluded from net loss per share (in shares)	211	0

Net Loss per Share - Schedule of Basic and Diluted Loss per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net loss attributable to BlackLine, Inc.	$ (20,019)	$ (13,741)	$ (40,695)	$ (78,151)
Add: Dilutive effect of securities
Weighted average shares (in shares)	59,695	58,508	59,422	58,196
Add: Dilutive effect of securities (in shares)	0	0	0	0
Shares used to calculate diluted net loss per share (in shares)	59,695	58,508	59,422	58,196
Basic net loss per share attributable to BlackLine, Inc. (in usd per share)	$ (0.34)	$ (0.23)	$ (0.68)	$ (1.34)
Diluted net loss per share attributable to BlackLine, Inc. (in usd per share)	$ (0.34)	$ (0.23)	$ (0.68)	$ (1.34)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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+ Details

Basis of Presentation, Significant Accounting Policies and Recently-Issued Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Use of Estimates	Use of estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The extent to which COVID-19 impacts the Company’s business and financial results will depend on numerous continuously evolving factors including, but not limited to, the magnitude and duration of COVID-19, including resurgences; the impact on the Company’s employees; the extent to which it will impact worldwide macroeconomic conditions, as well as variability in such recovery across different geographies, industries, and markets; and governmental and business reactions to the pandemic. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 and macroeconomic conditions at September 30, 2022 and through the date of this report. The accounting matters assessed included, but were not limited to, the Company’s allowance for credit losses and doubtful accounts, and the carrying value of goodwill and other long-lived assets. While there was not a material impact to the Company’s condensed consolidated financial statements at and for the quarter and nine months ended September 30, 2022, the Company’s future assessment of the magnitude and duration of COVID-19 and other factors could result in material impacts to the Company’s condensed consolidated financial statements in future reporting periods.
Recently-Adopted Accounting Pronouncements and Recently-Issued Accounting Pronouncements Not Yet Adopted	Recently-adopted accounting pronouncements In August 2020, the FASB issued ASU No. 2020-06. This standard eliminates the beneficial conversion and cash conversion accounting models for convertible instruments. It also amends the accounting for certain contracts in an entity’s own equity that are currently accounted for as derivatives because of specific settlement provisions. In addition, the new guidance modifies how particular convertible instruments and certain contracts that may be settled in cash or shares impact the diluted EPS computation. For public business entities, it is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years using the fully retrospective or modified retrospective method. The Company adopted the provisions of the new standard effective January 1, 2022 using the modified retrospective method, which resulted in an adjustment of $324.4 million, net of tax of $2.4 million to reclassify the remaining balance of the conversion feature recorded in additional paid in capital to convertible debt for $262.1 million and retained earnings for $62.3 million. Accordingly, the Company no longer carries an equity component of the convertible notes. In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This standard addresses diversity in practice and inconsistency related to recognition of an acquired contract liability, and payment terms and their effect on subsequent revenue recognized by the acquirer. For public business entities, it is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Entities should apply the provisions of the new standard prospectively to business combinations occurring on or after the effective date of the standard. Early adoption is permitted, including adoption in an interim period. The Company adopted the provisions of the new standard effective January 1, 2022. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements. Recently-issued accounting pronouncements not yet adopted In January 2022, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2022-01, Derivatives and Hedging, which expands the scope of the portfolio layer method to include non-prepayable financial assets, and provides additional guidance on the accounting for and disclosure of hedge basis adjustments that are applicable to the portfolio layer method. For public business entities, it is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The Company has not used derivative instruments to mitigate the impact of our market risk exposures. The Company has not adopted, nor does it intend to early adopt, the provisions of the new standard and does not expect it to have a material impact on the Company’s consolidated financial statements.

Net Loss per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share amounts):


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net loss attributable to BlackLine, Inc.	$	(20,019)	$	(13,741)	$	(40,695)	$	(78,151)
Denominator:
Weighted average shares	59,695		58,508		59,422		58,196
Add: Dilutive effect of securities	—		—		—		—
Shares used to calculate diluted net loss per share	59,695		58,508		59,422		58,196
Basic net loss per share attributable to BlackLine, Inc.	$	(0.34)	$	(0.23)	$	(0.68)	$	(1.34)
Diluted net loss per share attributable to BlackLine, Inc.	$	(0.34)	$	(0.23)	$	(0.68)	$	(1.34)

The following potentially dilutive shares were excluded from the calculation of diluted net loss per share attributable to common stockholders because they were anti-dilutive (in thousands):


	Nine Months Ended September 30,
	2022	2021
Stock options with service-only vesting conditions	2,488	2,855

Restricted stock units with service-only vesting conditions	2,233	1,704
Restricted stock units with performance and service vesting conditions	211	—
Total shares excluded from net loss per share	4,932	4,559

Additionally, approximately 3.4 million and 6.9 million weighted average shares underlying the conversion option in the 2024 Notes and the 2026 Notes, respectively, are excluded from the calculation of diluted net loss per share attributable to common stockholders as the effect would be anti-dilutive. The shares are subject to adjustment, up to approximately 4.7 million shares and 9.9 million shares for the 2024 Notes and the 2026 Notes, respectively, if certain corporate events occur prior to the maturity dates or if the Company issues a notice of redemption.

Equity Awards - Summary of Stock Options Activity (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, Beginning balance (in shares)	2,739
Granted (in shares)	0
Exercises (in shares)	(228)
Forfeitures/canceled (in shares)	(23)
Outstanding, Ending balance (in shares)	2,488

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets, Current [Abstract]
Cash and cash equivalents	$ 190,514	$ 539,739
Marketable securities (amortized cost of $858,271 and $658,886 at September 30, 2022 and December 31, 2021, respectively)	855,406	658,964
Accounts receivable, net of allowances for credit losses of $2,284 and $2,923 at September 30, 2022 and December 31, 2021, respectively	108,792	125,130
Prepaid expenses and other current assets	22,363	23,855
Total current assets	1,177,075	1,347,688
Capitalized software development costs, net	30,452	23,547
Property and equipment, net	20,636	16,321
Intangible assets, net	96,045	36,195
Goodwill	443,861	289,710
Operating lease right-of-use assets	15,265	16,264
Other assets	94,324	87,853
Total assets	1,877,658	1,817,578
Current liabilities:
Accounts payable	5,534	7,471
Accrued expenses and other current liabilities	51,144	50,930
Deferred revenue, current	245,155	242,429
Finance lease liabilities, current	981	373
Operating lease liabilities, current	5,253	4,936
Contingent consideration, current	6,514	16,438
Total current liabilities	314,581	322,577
Finance lease liabilities, noncurrent	1,050	824
Operating lease liabilities, noncurrent	9,953	13,248
Convertible senior notes, net	1,382,914	1,114,239
Contingent consideration, noncurrent	56,052	4,294
Deferred tax liabilities, net	5,274	8,175
Deferred revenue, noncurrent	415	362
Other long-term liabilities	4,893	124
Total liabilities	1,775,132	1,463,843
Commitments and contingencies (Note 12)
Redeemable non-controlling interest (Note 3)	24,595	28,699
Stockholders' equity:
Common stock	598	590
Additional paid-in capital	363,782	625,883
Accumulated other comprehensive income (loss)	(3,080)	298
Accumulated deficit	(283,369)	(301,735)
Total stockholders' equity	77,931	325,036
Total liabilities, redeemable non-controlling interest, and stockholders' equity	$ 1,877,658	$ 1,817,578

Balance Sheet Components

9 Months Ended

Sep. 30, 2022

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Components

Investments in Marketable Securities

Investments in marketable securities presented within current assets on the condensed consolidated balance sheets consisted of the following (in thousands):


	September 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Marketable securities
U.S. treasury securities	$	386,580	$	10	$	(1,646)	$	384,944
Corporate bonds	73,569		603		(112)		74,060
Commercial paper	259,954		—		(952)		259,002
U.S. government agencies	138,168		—		(768)		137,400
	$	858,271	$	613	$	(3,478)	$	855,406


	December 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Marketable securities
Corporate bonds	$	74,144	$	346	$	(10)	$	74,480
Commercial paper	584,742		—		(258)		584,484
	$	658,886	$	346	$	(268)	$	658,964

Refer to "Note 7 - Fair Value Measurements" for additional information.

Net gains and losses related to maturities of marketable securities that were reclassified from accumulated other comprehensive loss to earnings, and included in interest income in the accompanying condensed consolidated statements of operations, were $2.8 million and $3.3 million for the quarter and nine months ended September 30, 2022 and $0.1 million and $0.2 million for the quarter and nine months ended September 30, 2021, respectively.

Net gains and losses are determined using the specific identification method. During the quarters and nine months ended September 30, 2022 and 2021, there were no realized gains or losses related to sales of marketable securities recognized in the Company's accompanying condensed consolidated statements of operations.

Marketable securities in a continuous loss position for less than 12 months had an estimated fair value of $725.6 million and $379.7 million, and $3.5 million and $0.3 million of unrealized losses, at September 30, 2022 and December 31, 2021, respectively. At September 30, 2022, there were no marketable securities in a continuous loss position for greater than 12 months.

The Company's marketable securities are considered to be of high credit quality and accordingly, there was no allowance for credit losses related to marketable securities as of September 30, 2022 or December 31, 2021.

The Company’s marketable securities as of September 30, 2022 have a contractual maturity of less than 1 year.

Other Assets

Deferred customer contract acquisition costs are included in other assets in the accompanying condensed consolidated balance sheets and totaled $84.9 million and $80.0 million at September 30, 2022 and December 31, 2021, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities were comprised of the following (in thousands):


	September 30, 2022		December 31, 2021
Accrued salaries and employee benefits	$	32,646	$	32,156
Accrued income and other taxes payable	6,885		9,770
Other accrued expenses and current liabilities	11,613		9,004
	$	51,144	$	50,930

Unearned Revenue and Performance Obligations - Remaining Performance Obligations (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01	Sep. 30, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted not recognized revenue, expects to recognize revenue over next 12 months	56.00%
Remaining performance obligation, expected timing of satisfaction, period	12 months

Geographic Information

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Geographic Information

The Company disaggregates its revenue from contracts with customers by geographic location, as it believes it best depicts how the nature, amount, timing, and uncertainty of its revenues and cash flows are affected by economic factors.

The following table sets forth the Company’s revenues by geographic region (in thousands):


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
United States	$	96,769	$	78,335	$	273,934	$	223,848
International	37,499		31,067		109,047		86,532
	$	134,268	$	109,402	$	382,981	$	310,380

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Unearned Revenue and Performance Obligations - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Unearned Revenue And Performance Obligations [Abstract]
Deferred revenue recognized	$ 217.0	$ 173.8
Contracted not recognized revenue	$ 684.6

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jan. 26, 2022
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 474	$ (210)	$ (12,852)	$ (78)
Decrease in valuation allowance			$ 14,200
FourQ Systems, Inc.
Income Tax Contingency [Line Items]
Deferred tax liabilities acquired in the acquisition					$ 17,700

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis by level, within the fair value hierarchy. Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):


	September 30, 2022
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	87,479	$	—	$	—	$	87,479
Commercial paper	—		68,600		—		68,600


Marketable securities
U.S. treasury securities	384,944		—		—		384,944
Corporate bonds	—		74,060		—		74,060
Commercial paper	—		259,002		—		259,002
U.S. government agencies	—		137,400		—		137,400

Total assets	$	472,423	$	539,062	$	—	$	1,011,485
Liabilities
Contingent consideration	$	—	$	—	$	62,566	$	62,566
Total liabilities	$	—	$	—	$	62,566	$	62,566


	December 31, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents
Money market funds	$	432,110	$	—	$	—	$	432,110

Marketable securities

Corporate bonds	—		74,480		—		74,480
Commercial paper	—		584,484		—		584,484
Total assets	$	432,110	$	658,964	$	—	$	1,091,074
Liabilities
Contingent consideration	$	—	$	—	$	20,732	$	20,732
Total liabilities	$	—	$	—	$	20,732	$	20,732

Summary of Changes in Common Stock Warrant Liability and Contingent Consideration Liability

The following table summarizes the changes in the contingent consideration liability (in thousands):


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Beginning fair value	$	60,821	$	30,410	$	20,732	$	23,490
Additions in the period	—		—		55,947		—
Change in fair value	1,745		(10,346)		(14,113)		(3,426)
Ending fair value	$	62,566	$	20,064	$	62,566	$	20,064

Business Combinations - Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jan. 26, 2022	Sep. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 443,861	$ 289,710
FourQ Systems, Inc.
Business Acquisition [Line Items]
Purchase consideration	$ 214,214
Cash consideration	160,224
Post-acquisition working capital adjustment	(635)
Contingent consideration	55,947	$ 55,600
Less: One-time expense related to accelerated vesting	(1,322)
Cash and cash equivalents	1,164
Accounts receivable, net	1,853
Prepaid expenses and other current assets	410
Other assets	143
Property and equipment	659
Intangible assets	74,400
Goodwill	154,151
Accounts payable	(1,537)
Accrued liabilities	(2,585)
Deferred revenue	(231)
Deferred tax liabilities, net	(14,213)
Total consideration	$ 214,214

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2022	Oct. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-37924
Entity Registrant Name	BlackLine, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-3354276
Entity Address, Address Line One	21300 Victory Boulevard
Entity Address, Address Line Two	12th Floor
Entity Address, City or Town	Woodland Hills
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91367
City Area Code	818
Local Phone Number	223-9008
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	BL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,776,873
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001666134
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Total revenues	$ 134,268	$ 109,402	$ 382,981	$ 310,380
Cost of revenues
Total cost of revenues	32,426	24,437	96,022	69,899
Gross profit	101,842	84,965	286,959	240,481
Operating expenses
Sales and marketing	64,540	48,799	190,567	146,410
Research and development	27,721	18,843	80,871	56,611
General and administrative	31,000	11,372	74,997	59,886
Total operating expenses	123,261	79,014	346,435	262,907
Income (loss) from operations	(21,419)	5,951	(59,476)	(22,426)
Other income (expense)
Interest income	4,387	231	6,620	412
Interest expense	(1,482)	(16,110)	(4,386)	(46,582)
Other income (expense), net	2,905	(15,879)	2,234	(46,170)
Loss before income taxes	(18,514)	(9,928)	(57,242)	(68,596)
Provision for (benefit from) income taxes	474	(210)	(12,852)	(78)
Net loss	(18,988)	(9,718)	(44,390)	(68,518)
Net loss attributable to redeemable non-controlling interest	(344)	(252)	(468)	(733)
Adjustment attributable to non-controlling interest	1,375	4,275	(3,227)	10,366
Net loss attributable to BlackLine, Inc.	$ (20,019)	$ (13,741)	$ (40,695)	$ (78,151)
Basic net loss per share attributable to BlackLine, Inc. (in usd per share)	$ (0.34)	$ (0.23)	$ (0.68)	$ (1.34)
Shares used to calculate basic net loss per share (in shares)	59,695	58,508	59,422	58,196
Diluted net loss per share attributable to BlackLine, Inc. (in usd per share)	$ (0.34)	$ (0.23)	$ (0.68)	$ (1.34)
Shares used to calculate diluted net loss per share (in shares)	59,695	58,508	59,422	58,196
Subscription and support
Revenues
Total revenues	$ 126,081	$ 102,924	$ 360,289	$ 289,749
Cost of revenues
Total cost of revenues	25,544	17,948	75,495	50,540
Professional services
Revenues
Total revenues	8,187	6,478	22,692	20,631
Cost of revenues
Total cost of revenues	$ 6,882	$ 6,489	$ 20,527	$ 19,359

Business Combinations - Acquired Intangible Assets (Details) - FourQ Systems, Inc. $ in Thousands	Jan. 26, 2022 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 74,400
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization Period	7 years
Fair Value	$ 64,900
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization Period	3 years
Fair Value	$ 9,500

Basis of Presentation, Significant Accounting Policies and Recently-Issued Accounting Pronouncements	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation, Significant Accounting Policies and Recently-Issued Accounting Pronouncements	Basis of Presentation, Significant Accounting Policies and Recently-Issued Accounting Pronouncements The accompanying unaudited condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the Securities and Exchange Commission (“SEC”) on February 25, 2022 and as amended in the Annual Report on Form 10-K/A filed on March 24, 2022. The unaudited condensed consolidated financial statements are unaudited and have been prepared on a basis consistent with that used to prepare the audited annual consolidated financial statements and include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of the condensed consolidated financial statements. The unaudited condensed consolidated balance sheet at December 31, 2021 was derived from audited financial statements, but does not include all disclosures required by GAAP. The operating results for the quarter and nine months ended September 30, 2022 are not necessarily indicative of the results expected for the full year ending December 31, 2022. Use of estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The extent to which COVID-19 impacts the Company’s business and financial results will depend on numerous continuously evolving factors including, but not limited to, the magnitude and duration of COVID-19, including resurgences; the impact on the Company’s employees; the extent to which it will impact worldwide macroeconomic conditions, as well as variability in such recovery across different geographies, industries, and markets; and governmental and business reactions to the pandemic. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 and macroeconomic conditions at September 30, 2022 and through the date of this report. The accounting matters assessed included, but were not limited to, the Company’s allowance for credit losses and doubtful accounts, and the carrying value of goodwill and other long-lived assets. While there was not a material impact to the Company’s condensed consolidated financial statements at and for the quarter and nine months ended September 30, 2022, the Company’s future assessment of the magnitude and duration of COVID-19 and other factors could result in material impacts to the Company’s condensed consolidated financial statements in future reporting periods. Significant accounting policies The Company’s significant accounting policies are detailed in “Note 2 - Significant Accounting Policies" of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. There have been no material changes to the Company’s significant accounting policies except for the adoption of ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity, as discussed below and the accounting for acquired deferred tax liabilities in a business combination as discussed in "Note 10 - Income Taxes". Recently-adopted accounting pronouncements In August 2020, the FASB issued ASU No. 2020-06. This standard eliminates the beneficial conversion and cash conversion accounting models for convertible instruments. It also amends the accounting for certain contracts in an entity’s own equity that are currently accounted for as derivatives because of specific settlement provisions. In addition, the new guidance modifies how particular convertible instruments and certain contracts that may be settled in cash or shares impact the diluted EPS computation. For public business entities, it is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years using the fully retrospective or modified retrospective method. The Company adopted the provisions of the new standard effective January 1, 2022 using the modified retrospective method, which resulted in an adjustment of $324.4 million, net of tax of $2.4 million to reclassify the remaining balance of the conversion feature recorded in additional paid in capital to convertible debt for $262.1 million and retained earnings for $62.3 million. Accordingly, the Company no longer carries an equity component of the convertible notes. In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. This standard addresses diversity in practice and inconsistency related to recognition of an acquired contract liability, and payment terms and their effect on subsequent revenue recognized by the acquirer. For public business entities, it is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Entities should apply the provisions of the new standard prospectively to business combinations occurring on or after the effective date of the standard. Early adoption is permitted, including adoption in an interim period. The Company adopted the provisions of the new standard effective January 1, 2022. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements. Recently-issued accounting pronouncements not yet adopted In January 2022, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2022-01, Derivatives and Hedging, which expands the scope of the portfolio layer method to include non-prepayable financial assets, and provides additional guidance on the accounting for and disclosure of hedge basis adjustments that are applicable to the portfolio layer method. For public business entities, it is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The Company has not used derivative instruments to mitigate the impact of our market risk exposures. The Company has not adopted, nor does it intend to early adopt, the provisions of the new standard and does not expect it to have a material impact on the Company’s consolidated financial statements.

Company Overview	9 Months Ended
Company Overview	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Company Overview	Company Overview BlackLine, Inc. and its subsidiaries (the “Company” or “BlackLine”) provide financial accounting close solutions delivered primarily as Software as a Service (“SaaS”). The Company’s solutions enable its customers to address various aspects of their financial close process including account reconciliations, variance analysis of account balances, journal entry capabilities, and certain types of data matching capabilities. The Company is a holding company and conducts its operations through its wholly-owned subsidiary, BlackLine Systems, Inc. (“BlackLine Systems”). BlackLine Systems funded its business with investments from its founder and cash flows from operations until September 3, 2013, when the Company acquired BlackLine Systems, and Silver Lake Sumeru and Iconiq acquired a controlling interest in the Company, which is referred to as the “2013 Acquisition." On October 2, 2020, the Company acquired Rimilia Holdings Ltd. (“Rimilia”), which is referred to as the “Rimilia Acquisition.” On January 26, 2022, the Company acquired FourQ Systems, Inc. (“FourQ”), hereinafter referred to as the “FourQ Acquisition.” The primary purpose of the FourQ Acquisition was to enhance our existing intercompany accounting automation capabilities by driving end-to-end automation of traditionally manual intercompany accounting processes. The Company is headquartered in Woodland Hills, California and has offices in Pleasanton, California, as well as in Australia, Canada, France, Germany, India, Japan, the Netherlands, Poland, Romania, Singapore, and the United Kingdom.

Convertible Senior Notes - Summary of Notes (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Convertible Senior Notes due 2024
Debt Instrument [Line Items]
Principal	$ 250,000	$ 250,000
Unamortized debt discount	0	(31,562)
Unamortized debt issuance costs	(2,395)	(2,938)
Net carrying amount	247,605	215,500
Carrying amount of the equity component	0	55,615
Convertible Senior Notes due 2026
Debt Instrument [Line Items]
Principal	1,150,000	1,150,000
Unamortized debt discount	0	(237,096)
Unamortized debt issuance costs	(14,691)	(14,165)
Net carrying amount	1,135,309	898,739
Carrying amount of the equity component	$ 0	$ 271,229

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In determining quarterly provisions for income taxes, the Company uses the annual estimated effective tax rate applied to the actual year-to-date loss, adjusted for discrete items arising in that quarter. The Company’s annual estimated effective tax rate differs from the U.S. federal statutory rate of 21% primarily as a result of state taxes, foreign taxes, and changes in the Company’s valuation allowance for domestic income taxes. For the quarters ended September 30, 2022 and 2021, the Company recorded $0.5 million in income tax expense and $0.2 million in income tax benefit, respectively. For the nine months ended September 30, 2022 and 2021, the Company recorded $12.9 million and $0.1 million in income tax benefit, respectively. The income tax expense for the quarter ended September 30, 2022, compared to the tax benefit for the quarter ended September 30, 2021, resulted primarily from changes in the mix of profitable foreign jurisdictions and jurisdictions for which tax benefits may be recognized. The increase in income tax benefit for the nine months ended September 30, 2022, compared to the nine months ended September 30, 2021, resulted primarily from a partial release of $14.2 million of existing valuation allowance as net deferred tax liabilities acquired from FourQ are a source of taxable income to support recognition of existing BlackLine deferred tax assets. The tax benefit was partially offset by the non-recognition of 2022 tax benefits associated with certain UK operations and changes in the mix of profitable foreign jurisdictions. For the quarters and nine months ended September 30, 2022 and 2021, for purposes of calculating its income tax attributed to continuing operations, the Company continued to maintain a full valuation allowance on its U.S. federal and state net deferred tax assets as it was more likely than not that those deferred tax assets will not be realized. The Company acquired FourQ deferred tax liabilities of $17.7 million, which are a source of taxable income to support recognition of acquired FourQ deferred tax assets and existing BlackLine deferred tax assets. BlackLine elected to consider the recoverability of the acquired deferred tax assets before considering the recoverability of existing BlackLine deferred tax assets. The acquired net deferred tax liabilities resulted in a release of BlackLine’s existing valuation allowance through earnings of $14.2 million during the nine months ended September 30, 2022

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Intangible Assets and Goodwill - Changes in Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill [Roll Forward]
Balance beginning	$ 289,710
Additions from acquisitions	154,151
Balance ending	$ 443,861

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Intangible Assets and Goodwill

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

The carrying value of intangible assets was as follows (in thousands):


	September 30, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trade name	$	15,977	$	(14,514)	$	1,463
Developed technology	129,258		(51,452)		77,806
Customer relationships	26,089		(10,859)		15,230
Defensive patent	2,333		(787)		1,546
	$	173,657	$	(77,612)	$	96,045


	December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trade name	$	15,977	$	(13,317)	$	2,660
Developed technology	64,358		(43,148)		21,210
Customer relationships	16,589		(6,046)		10,543
Defensive patent	2,333		(551)		1,782
	$	99,257	$	(63,062)	$	36,195

The following table represents the changes in goodwill (in thousands):


Balance at December 31, 2021	$	289,710
Additions from acquisitions	154,151
Balance at September 30, 2022	$	443,861

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net loss attributable to BlackLine, Inc.	$ (40,695)	$ (78,151)
Net loss and adjustment attributable to redeemable non-controlling interest (Note 3)	(3,695)	9,633
Net loss	(44,390)	(68,518)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	30,986	20,175
Change in fair value of contingent consideration	(14,113)	(3,426)
Amortization of debt discount and issuance costs	4,119	39,272
Stock-based compensation	57,410	48,789
Loss on extinguishment of convertible senior notes	0	7,012
Noncash lease expense	4,186	3,387
Accretion of purchase discounts on marketable securities, net	(3,326)	(158)
Net foreign currency (gains) losses	(1,463)	478
Deferred income taxes	(14,695)	40
Provision for (benefit from) credit losses	85	(55)
Changes in operating assets and liabilities:
Accounts receivable	18,321	5,436
Prepaid expenses and other current assets	2,239	1,646
Other assets	(6,355)	(13,609)
Accounts payable	(4,571)	(985)
Accrued expenses and other current liabilities	(612)	3,665
Deferred revenue	2,548	18,672
Operating lease liabilities	(5,329)	(3,854)
Lease incentive receipts	653	0
Other long-term liabilities	4,566	0
Net cash provided by operating activities	30,259	57,967
Cash flows from investing activities
Purchases of marketable securities	(1,171,808)	(1,107,908)
Proceeds from maturities of marketable securities	975,750	484,209
Capitalized software development costs	(14,952)	(11,240)
Purchases of property and equipment	(9,742)	(5,197)
Acquisition, net of cash acquired	(157,738)	0
Net cash used in investing activities	(378,490)	(640,136)
Cash flows from financing activities
Proceeds from issuance of convertible senior notes, net of issuance costs	0	1,128,794
Partial repurchase of convertible senior notes	0	(432,230)
Purchase of capped calls related to convertible senior notes	0	(102,350)
Principal payments under finance lease obligations	(380)	0
Proceeds from exercises of stock options	3,669	7,679
Proceeds from employee stock purchase plan	4,466	5,197
Acquisition of common stock for tax withholding obligations	(7,866)	(12,649)
Financed purchases of property and equipment	(84)	(549)
Net cash provided by (used in) financing activities	(195)	593,892
Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash	(833)	(201)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(349,259)	11,522
Cash, cash equivalents, and restricted cash, beginning of period	539,991	367,913
Cash, cash equivalents, and restricted cash, end of period	190,732	379,435
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents at end of period	190,514	378,977
Restricted cash included within prepaid expenses and other current assets at end of period	0	203
Restricted cash included within other assets at end of period	218	255
Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows	190,732	379,435
Non-cash financing and investing activities
Adjustment for adoption of ASU 2020-06	262,130	0
Estimated fair value of contingent consideration	55,947	0
Stock-based compensation capitalized for software development	1,675	1,409
Capitalized software development costs included in accounts payable and accrued expenses and other current liabilities at end of period	1,150	890
Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities at end of period	$ 263	$ 211

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) (PARENTHETICAL) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net change in unrealized gains (losses) on marketable securities, tax	$ 0	$ 0	$ 0	$ 0

Redeemable Non-Controlling Interest

9 Months Ended

Sep. 30, 2022

Equity Method Investments and Joint Ventures [Abstract]

Redeemable Non-Controlling Interest

Redeemable Non-Controlling InterestIn September 2018, the Company entered into an agreement with Japanese Cloud Computing and M30 LLC (the “Investors”) to engage in the investment, organization, management, and operation of a Japanese subsidiary (“BlackLine K.K.”) of the Company that is focused on the sale of the Company's products in Japan. In October 2018, the Company initially contributed approximately $4.5 million in cash in exchange for 51% of the outstanding common stock of BlackLine K.K. As the Company controls a majority stake in BlackLine K.K., the entity has been consolidated.

All of the common stock held by the Investors is callable by the Company or puttable by the Investors upon certain contingent events. Should the call or put option be exercised, the redemption value will be determined based upon a prescribed formula derived from the discrete revenues of BlackLine K.K. and the Company and may be settled, at the Company’s discretion, with Company stock or cash. As a result of the put right available to the Investors in the future, the redeemable non-controlling interest in BlackLine K.K. is classified outside of permanent equity in the Company’s unaudited condensed consolidated balance sheets, and the balance is reported at the greater of the initial carrying amount adjusted for the redeemable non-controlling interests share of earnings, or its estimated redemption value. The resulting changes in the estimated redemption amount are recorded within retained earnings or, in the absence of retained earnings, additional paid-in-capital.

The following table summarizes the activity in the redeemable non-controlling interest for the periods indicated below:


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Balance at beginning of period	$	23,635	$	18,032	$	28,699	$	12,524
Net loss attributable to redeemable non-controlling interest (excluding adjustment to non-controlling interest)	(344)		(252)		(468)		(733)
Foreign currency translation	(71)		(6)		(409)		(108)
Adjustment to redeemable non-controlling interest	1,375		4,275		(3,227)		10,366
Balance at end of period	$	24,595	$	22,049	$	24,595	$	22,049

Equity Awards

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Equity Awards

Stock-based compensation expense

Stock-based compensation expense was as follows (in thousands):


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Cost of revenues	$	2,346	$	2,213	$	6,309	$	6,190
Sales and marketing	7,257		5,760		20,619		16,872
Research and development	3,847		2,788		10,554		8,264
General and administrative	7,449		6,169		19,928		17,463
	$	20,899	$	16,930	$	57,410	$	48,789

For the quarters ended September 30, 2022 and 2021, stock-based compensation capitalized as an asset was $0.7 million and $0.5 million, respectively.

For the nine months ended September 30, 2022 and 2021, stock-based compensation capitalized as an asset was $1.7 million and $1.4 million, respectively.

Stock options

The following table summarizes activity for awards that contain service-only vesting conditions (in thousands):


Outstanding at December 31, 2021			2,739
Granted			—
Exercised			(228)
Forfeited/canceled			(23)
Outstanding at September 30, 2022			2,488

Restricted stock units - Service-based

The following table summarizes activity for restricted stock units with service-only vesting conditions (in thousands):


Nonvested at December 31, 2021			1,503
Granted			1,481
Vested			(587)
Forfeited/canceled			(164)
Nonvested at September 30, 2022			2,233

Restricted stock units - Performance and Service-based

On April 4, 2022, the Compensation Committee approved grants of performance and service-based restricted stock units totaling 0.2 million target shares. The number of shares that will vest is subject to the achievement of certain performance metrics. The grants include three annual performance periods with vesting occurring in February of the year following the end of each annual performance period. Grant dates will be established upon approval of the performance metrics for the respective annual performance period, and the grant-date fair value per share will be equal to the closing price on the grant date for each tranche. The performance metrics for the first tranche were approved in the quarter ended June 30, 2022, and the grant-date fair value of such awards was $5.3 million. On August 19, 2022, the Compensation Committee approved a grant of additional performance and service-based restricted stock units with similar related performance metrics and vesting conditions for which the grant-date fair value was $0.3 million.

Stock-based compensation expense for each tranche will be recognized over the period from grant date to vest date and will be based on the probable outcome at the end of each reporting period. Stock-based compensation expense totaling $1.3 million and $2.5 million was recognized in the quarter and nine months ended September 30, 2022.

Geographic Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Revenues by Geographic Region

The following table sets forth the Company’s revenues by geographic region (in thousands):


	Quarter Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
United States	$	96,769	$	78,335	$	273,934	$	223,848
International	37,499		31,067		109,047		86,532
	$	134,268	$	109,402	$	382,981	$	310,380

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (18,988)	$ (9,718)	$ (44,390)	$ (68,518)
Other comprehensive income (loss):
Net change in unrealized gains (losses) on marketable securities, net of tax of $0 for the quarters and nine months ended September 30, 2022 and 2021	(2,052)	(81)	(2,942)	(111)
Foreign currency translation	(147)	5	(845)	(199)
Other comprehensive loss	(2,199)	(76)	(3,787)	(310)
Comprehensive loss	(21,187)	(9,794)	(48,177)	(68,828)
Less comprehensive loss attributable to redeemable non-controlling interest:
Net loss attributable to redeemable non-controlling interest	(344)	(252)	(468)	(733)
Foreign currency translation attributable to redeemable non-controlling interest	(71)	11	(409)	(91)
Comprehensive loss attributable to redeemable non-controlling interest	(415)	(241)	(877)	(824)
Comprehensive loss attributable to BlackLine, Inc.	$ (20,772)	$ (9,553)	$ (47,300)	$ (68,004)

Redeemable Non-Controlling Interest - Summary of Redeemable Non-Controlling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Redeemable Noncontrolling Interest [Roll Forward]
Balance at beginning of period	$ 23,635	$ 18,032	$ 28,699	$ 12,524
Net loss attributable to redeemable non-controlling interest (excluding adjustment to non-controlling interest)	(344)	(252)	(468)	(733)
Foreign currency translation	(71)	(6)	(409)	(108)
Adjustment to redeemable non-controlling interest	1,375	4,275	(3,227)	10,366
Balance at end of period	$ 24,595	$ 22,049	$ 24,595	$ 22,049