LOS ANGELES, Aug. 04, 2026 (GLOBE NEWSWIRE) — BlackLi e, I c. (Nasdaq: BL), today a ou ced fi a cial esults fo the seco d qua te e ded Ju e 30, 2026.
“I believe the fi st half of 2026 will p ove to be the most co seque tial pe iod i BlackLi e’s histo y,” said Owe Rya , CEO of BlackLi e. “AI is eshapi g the Office of the CFO, a d we a e meeti g that mome t. Ou platfo m st ategy is matu i g a d adoptio of ou Ve ity age ts is accele ati g ac oss ou base. That usage is ow mo etizi g o two f o ts, d ivi g co ve sio to ou platfo m a d sta ti g to ge e ate di ect eve ue f om ou Ve ity age tic offe i gs.”
“The wo ld’s most sophisticated e te p ises a e deepe i g thei commitme ts to BlackLi e,” Rya co ti ued. “Deal timi g was oisy this qua te as custome s wo k th ough mo e igo ous, AI-d ive evaluatio s, but the dema d behi d those oppo tu ities is st o g a d du able, a d we a e mo e co fide t tha eve i the g owi g mome tum ac oss ou busi ess.”
- Total GAAP eve ues of $187.8 millio , a i c ease of 9.2% compa ed to the seco d qua te of 2025.
- GAAP ope ati g ma gi of 5.9%, compa ed to 4.4% i the seco d qua te of 2025.
- No -GAAP ope ati g ma gi of 23.3%, compa ed to 22.1% i the seco d qua te of 2025.
- GAAP et i come att ibutable to BlackLi e of $16.5 millio , o $0.27 pe diluted sha e compa ed to GAAP et i come att ibutable to BlackLi e of $8.3 millio , o $0.13 pe diluted sha e i the seco d qua te of 2025.
- No -GAAP et i come att ibutable to BlackLi e of $42.9 millio , o $0.61 pe diluted sha e compa ed to o -GAAP et i come att ibutable to BlackLi e of $37.9 millio , o $0.51 pe diluted sha e i the seco d qua te of 2025.
- Billi gs of $193.0 millio , a i c ease of 5.9% compa ed to the seco d qua te of 2025.
- Remai i g pe fo ma ce obligatio of $1.1 billio , a i c ease of 16.8% compa ed to the seco d qua te of 2025.
- Ope ati g cash flow of $45.0 millio , compa ed to $32.3 millio i the seco d qua te of 2025.
- F ee cash flow of $36.5 millio , compa ed to $25.4 millio i the seco d qua te of 2025.
- Repu chased app oximately 1.2 millio sha es of commo stock fo $37.7 millio as pa t of ou sha e epu chase p og am u de which app oximately $179.7 millio of buyback capacity emai ed at Ju e 30, 2026.
- BlackLi e had a total of 4,260 custome s at Ju e 30, 2026.
- Platfo m p ici g A ual Recu i g Reve ue (ARR) as a pe ce tage of eligible ARR, which excludes SolEx a d public secto ARR, was 17% at Ju e 30, 2026.
- Achieved a dolla -based et eve ue ete tio ate of 102% at Ju e 30, 2026.
- A ou ced a $100 millio i c ease to the Compa y’s stock buyback p og am.
- Ve ity P epa e, BlackLi e’s age tic eco ciliatio s age t, achieved ge e al availability i July.
- A ou ced the expa sio of BlackLi e’s Age tic Fi a cial Ope atio s Platfo m via the Fi a ce Co t ol Co sole.
- Ea ed i dust y ecog itio fo AI i ovatio a d custome t ust f om Tech Asce sio Awa ds a d T ustRadius.
- Hosted Beyo dTheBlack Pa is, BlackLi e’s F a ce a d EMEA egio custome co fe e ce.
The fi a cial esults i cluded i this p ess elease a e p elimi a y a d subject to fi al eview. Fi a cial esults will ot be fi al u til BlackLi e files its Qua te ly Repo t o Fo m 10-Q fo the pe iod. I fo matio about BlackLi e’s use of o -GAAP fi a cial measu es is p ovided below u de “Use of No -GAAP Fi a cial Measu es.”
- Total GAAP eve ue is expected to be i the a ge of $193 millio to $195 millio .
- No -GAAP ope ati g ma gi is expected to be i the a ge of 24.5% to 25.5%.
- No -GAAP et i come att ibutable to BlackLi e is expected to be i the a ge of $45 millio to $47 millio , o $0.62 to $0.65 pe sha e o 74.5 millio diluted weighted ave age sha es outsta di g.
- Total GAAP eve ue is expected to be i the a ge of $765 millio to $769 millio .
- No -GAAP ope ati g ma gi is expected to be i the a ge of 24.1% to 24.6%.
- No -GAAP et i come att ibutable to BlackLi e is expected to be i the a ge of $177 millio to $182 millio , o $2.47 to $2.54 pe sha e o 74.0 millio diluted weighted ave age sha es outsta di g.
Guida ce fo o -GAAP ope ati g ma gi , o -GAAP et i come att ibutable to BlackLi e, a d o -GAAP et i come pe sha e att ibutable to BlackLi e excludes specified items f om the co espo di g GAAP fi a cial measu es as outli ed below u de “Use of No -GAAP Fi a cial Measu es” a d as detailed i the eco ciliatio s of o -GAAP measu es fo histo ical pe iods. Reco ciliatio s of o -GAAP ope ati g ma gi , o -GAAP et i come att ibutable to BlackLi e, a d o -GAAP et i come pe sha e att ibutable to BlackLi e guida ce to the most di ectly compa able U.S. GAAP measu es a e ot available o a fo wa d-looki g basis without u easo able effo ts due to the u p edictability a d complexity of the cha ges excluded f om these o -GAAP fi a cial measu es. The Compa y expects the va iability of the above items could have a sig ifica t, a d pote tially u p edictable, impact o its futu e GAAP ope ati g ma gi , et i come att ibutable to BlackLi e, a d et i come pe sha e att ibutable to BlackLi e.
BlackLi e will hold a co fe e ce call to discuss its seco d qua te esults at 2:00 p.m. Pacific time o Tuesday, August 4, 2026. A live audio webcast will be accessible o BlackLi e’s i vesto elatio s website at https://i vesto s.blackli e.com. Pa ticipa ts ca p e egiste fo the co fe e ce call. A eplay of the webcast will be available at https://i vesto s.blackli e.com fo 12 mo ths. BlackLi e has used, a d i te ds to co ti ue to use, its I vesto Relatio s website as a mea s of disclosi g mate ial o -public i fo matio a d fo complyi g with its disclosu e obligatio s u de Regulatio FD.
BlackLi e (Nasdaq: BL), is the t ust i f ast uctu e fo the AI e a of fi a ce: a futu e whe e fi a ce d ives the age tic e a with i tellige ce, i teg ity, a d t ust isi g togethe . The BlackLi e Age tic Fi a cial Ope atio s Platfo m™, powe ed by Studio360 a d Ve ity™ AI, is whe e the Office of the CFO scales AI ac oss Reco d-to-Repo t, I voice-to-Cash, a d the p ocesses whe e fi a ce ow s the co t ols a d dema ds i teg ity at eve y step.
By u ifyi g data, embeddi g AI, a d e gi ee i g t ust i to eve y actio , BlackLi e moves fi a ce a d accou ti g beyo d epo ti g o the busi ess to o chest ati g it i eal time.
Suppo ted by i dust y-leadi g R&D i vestme t a d wo ld-class secu ity p actices, app oximately 4,300 custome s ac oss multiple i dust ies pa t e with BlackLi e to lead thei o ga izatio s i to the futu e.
Fo mo e i fo matio , please visit blackli e.com.
This elease a d the co fe e ce call efe e ced above co tai fo wa d-looki g stateme ts withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995. I some cases, you ca ide tify fo wa d-looki g stateme ts by te mi ology such as “may,” “will,” “should,” “could,” “expect,” “pla ,” “a ticipate,” “believe,” “estimate,” “p edict,” “i te d,” “pote tial,” “would,” “co ti ue,” “o goi g,” o the egative of these te ms o othe compa able te mi ology. Fo wa d-looki g stateme ts i this elease a d qua te ly co fe e ce call i clude, but a e ot limited to, stateme ts ega di g BlackLi e’s futu e fi a cial a d ope atio al pe fo ma ce, i cludi g, without limitatio , GAAP a d o -GAAP guida ce fo the thi d qua te a d full yea of 2026, the impact of p og ess agai st ce tai key i itiatives, ou expectatio s fo ou busi ess, i cludi g the dema d e vi o me t, BlackLi e’s add essable ma ket, ma ket positio a d pipeli e, ou i te atio al g owth, a d ou elatio ships with ou custome s a d pa t e s, i cludi g oppo tu ities to expa d those elatio ships.
A y fo wa d-looki g stateme ts co tai ed i this p ess elease o the qua te ly co fe e ce call a e based upo BlackLi e’s histo ical pe fo ma ce a d its cu e t pla s, estimates a d expectatio s, a d a e ot a ep ese tatio that such pla s, estimates, o expectatio s will be achieved. Fo wa d-looki g stateme ts a e based o i fo matio available at the time those stateme ts a e made a d/o ma ageme t’s good-faith beliefs a d assumptio s as of that time with espect to futu e eve ts, a d a e subject to isks a d u ce tai ties. If a y of these isks o u ce tai ties mate ialize o if a y assumptio s p ove i co ect, actual pe fo ma ce o esults may diffe mate ially f om those exp essed i o suggested by the fo wa d-looki g stateme ts. These isks a d u ce tai ties i clude, but a e ot limited to, isks elated to the Compa y’s ability to att act ew custome s a d expa d sales to existi g custome s; the exte t to which custome s e ew thei subsc iptio ag eeme ts o i c ease the umbe of use s; the impact of cu e t a d futu e eco omic u ce tai ty a d othe u favo able co ditio s i the Compa y’s i dust y o the global eco omy; the Compa y’s ability to ma age g owth a d scale effectively, i cludi g e t y i to ew geog aphies; the Compa y’s ability to p ovide successful e ha ceme ts, ew featu es a d modificatio s to its softwa e solutio s; the Compa y’s ability to develop ew p oducts a d softwa e solutio s a d the success of a y ew p oduct a d se vice i t oductio s; the Compa y’s ability to effectively i co po ate a tificial i tellige ce a d machi e lea i g tech ologies (AI/ML) i to its platfo m a d busi ess a d the pote tial eputatio al ha m o legal liability that may esult f om the use of AI/ML solutio s a d featu es; the success of the Compa y’s st ategic elatio ships with tech ology ve do s a d busi ess p ocess outsou ce s, cha el pa t e s a d allia ce pa t e s; a dis uptio i the Compa y’s hosti g etwo k i f ast uctu e; costs a d eputatio al ha m that could esult f om defects i the Compa y’s solutio s; the loss of a y key employees; co ti ued st o g dema d fo the Compa y’s softwa e i the U ited States, Eu ope, Asia Pacific, a d Lati Ame ica; the Compa y’s ability to compete as the fi a cial close ma ageme t p ovide fo o ga izatio s; the timi g a d success of solutio s offe ed by competito s i cludi g competito s’ ability to i co po ate AI/ML i to p oducts a d offe i gs mo e quickly o successfully; cha ges i the p opo tio of the Compa y’s custome base that is comp ised of e te p ise o mid-sized o ga izatio s; the Compa y’s ability to expa d a d effectively ma age its sales teams a d thei pe fo ma ce a d p oductivity; fluctuatio s i ou fi a cial esults due to lo g a d i c easi gly va iable sales cycles; failu e to p otect the Compa y’s i tellectual p ope ty; the Compa y’s ability to i teg ate acqui ed busi esses a d tech ologies successfully o achieve the expected be efits of such t a sactio s; u p edictable a d u ce tai mac o a d egio al eco omic co ditio s; seaso ality; cha ges i cu e t tax o accou ti g ules; cybe attacks o a y b eaches of the Compa y’s secu ity measu es a d the isk that the Compa y’s secu ity measu es may ot be sufficie t to secu e its custome o co fide tial data adequately; acts of te o ism o othe va dalism, wa , o atu al disaste s i cludi g the effects of climate cha ge; the impact of a y dete mi atio of deficie cies o weak esses i ou i te al co t ols a d p ocesses; a d othe isks a d u ce tai ties desc ibed i the othe fili gs we make with the Secu ities a d Excha ge Commissio f om time to time, i cludi g the isks desc ibed u de the headi g “Risk Facto s” i ou A ual Repo t o Fo m 10-K fo the yea e ded Decembe 31, 2025 filed with the Secu ities a d Excha ge Commissio o Feb ua y 26, 2026. Additio al i fo matio will also be set fo th i ou Qua te ly Repo t o Fo m 10-Q fo the qua te e ded Ju e 30, 2026. Fo wa d-looki g stateme ts should ot be ead as a gua a tee of futu e pe fo ma ce o esults, a d you should ot place u due elia ce o such stateme ts. Except as equi ed by law, we do ot u de take a y obligatio to publicly update o evise a y fo wa d-looki g stateme t, whethe as a esult of ew i fo matio , futu e developme ts o othe wise. All of the i fo matio i this p ess elease is subject to completio of ou qua te ly eview p ocess.
To suppleme t its co solidated fi a cial stateme ts, which a e p epa ed a d p ese ted i acco da ce with U.S. ge e ally accepted accou ti g p i ciples, o GAAP, BlackLi e has p ovided i this elease a d the qua te ly co fe e ce call held o August 4, 2026, ce tai fi a cial measu es that have ot bee p epa ed i acco da ce with GAAP defi ed as “ o -GAAP fi a cial measu es,” which i clude (i) o -GAAP g oss p ofit a d o -GAAP g oss ma gi , (ii) o -GAAP ope ati g expe ses, (iii) o -GAAP ope ati g i come a d o -GAAP ope ati g ma gi , (iv) o -GAAP et i come att ibutable to BlackLi e, I c., (v) diluted o -GAAP et i come pe sha e att ibutable to BlackLi e, I c., a d (vi) f ee cash flow.
BlackLi e’s ma ageme t uses these o -GAAP fi a cial measu es i te ally i a alyzi g its fi a cial esults a d believes they a e useful to i vesto s, as a suppleme t to the co espo di g GAAP measu es, i evaluati g BlackLi e’s o goi g ope atio al pe fo ma ce a d t e ds a d i compa i g its fi a cial measu es with othe compa ies i the same i dust y, ma y of which p ese t simila o -GAAP fi a cial measu es to help i vesto s u de sta d the ope atio al pe fo ma ce of thei busi esses. Howeve , it is impo ta t to ote that the pa ticula items BlackLi e excludes f om, o i cludes i , its o -GAAP fi a cial measu es may diffe f om the items excluded f om, o i cluded i , simila o -GAAP fi a cial measu es used by othe compa ies i the same i dust y. No -GAAP fi a cial measu es should ot be co side ed i isolatio f om, o as a substitute fo , fi a cial i fo matio p epa ed i acco da ce with GAAP. I vesto s a e e cou aged to eview the eco ciliatio of these o -GAAP measu es to thei most di ectly compa able GAAP fi a cial measu es. A eco ciliatio of the o -GAAP fi a cial measu es to such GAAP measu es has bee p ovided i the tables i cluded as pa t of this p ess elease.
No -GAAP G oss P ofit a d No -GAAP G oss Ma gi . No -GAAP g oss p ofit is defi ed as GAAP eve ues less GAAP cost of eve ue adjusted fo amo tizatio of acqui ed developed tech ology, stock-based compe satio , a d t a sactio – elated costs (i cludi g, but ot limited to, accou ti g, legal, a d adviso y fees elated to the t a sactio , as well as t a sactio – elated ete tio bo uses). No -GAAP g oss ma gi is defi ed as o -GAAP g oss p ofit divided by GAAP eve ues. BlackLi e believes that p ese ti g o -GAAP g oss p ofit a d o -GAAP g oss ma gi is useful to i vesto s as it elimi ates the impact of ce tai o -cash expe ses a d allows a di ect compa iso of g oss p ofit betwee pe iods.
No -GAAP Ope ati g Expe ses. No -GAAP ope ati g expe ses i clude (a) o -GAAP sales a d ma keti g expe se, (b) o -GAAP esea ch a d developme t expe se, a d (c) o -GAAP ge e al a d admi ist ative expe se. No -GAAP sales a d ma keti g expe se is defi ed as GAAP sales a d ma keti g expe se adjusted fo amo tizatio of i ta gible assets, stock-based compe satio , a d t a sactio – elated costs. No -GAAP esea ch a d developme t expe se is defi ed as GAAP esea ch a d developme t expe se adjusted fo stock-based compe satio a d t a sactio – elated costs. No -GAAP ge e al a d admi ist ative expe se is defi ed as GAAP ge e al a d admi ist ative expe se adjusted fo amo tizatio of i ta gible assets, stock-based compe satio , cha ge i fai value of co ti ge t co side atio , t a sactio – elated costs, est uctu i g costs, a d legal settleme t gai s o costs. BlackLi e believes that p ese ti g each of the o -GAAP ope ati g expe ses is useful to i vesto s as it elimi ates the impact of ce tai cash a d o -cash expe ses a d allows a di ect compa iso of ope ati g expe ses betwee pe iods.
No -GAAP I come f om Ope atio s a d No -GAAP Ope ati g Ma gi . No -GAAP i come f om ope atio s is defi ed as GAAP i come f om ope atio s adjusted fo amo tizatio of i ta gible assets, stock-based compe satio , cha ge i fai value of co ti ge t co side atio , t a sactio – elated costs, est uctu i g costs, a d legal settleme t gai s o costs. No -GAAP ope ati g ma gi is defi ed as o -GAAP i come f om ope atio s divided by GAAP eve ues. BlackLi e believes that p ese ti g o -GAAP i come f om ope atio s a d o -GAAP ope ati g ma gi is useful to i vesto s as it elimi ates the impact of items that have bee impacted by the Compa y’s acquisitio s a d othe elated costs i o de to allow a di ect compa iso of i come f om ope atio s betwee all pe iods p ese ted.
No -GAAP Net I come Att ibutable to BlackLi e a d Diluted No -GAAP Net I come Pe Sha e Att ibutable to BlackLi e, I c. No -GAAP et i come att ibutable to BlackLi e is defi ed as GAAP et i come att ibutable to BlackLi e adjusted fo the i come tax effects of acquisitio s, stock-based compe satio sho tfalls a d wi dfalls, a d the disc ete tax impact of othe o -GAAP adjustme ts, amo tizatio of i ta gible assets, stock-based compe satio , amo tizatio of debt issua ce costs f om ou co ve tible se io otes, cha ge i fai value of co ti ge t co side atio , t a sactio – elated costs, est uctu i g costs, legal settleme t gai s o costs, adjustme t to the edeemable o -co t olli g i te est to the edemptio amou t, a d gai o exti guishme t of co ve tible se io otes. Diluted o -GAAP et i come pe sha e att ibutable to BlackLi e, I c. i cludes the adjustme t fo sha es esulti g f om the elimi atio of stock-based compe satio . BlackLi e believes that p ese ti g o -GAAP et i come att ibutable to BlackLi e is useful to i vesto s as it elimi ates the impact of items that have bee impacted by the Compa y’s acquisitio s a d othe elated costs to allow a di ect compa iso of et i come betwee all pe iods p ese ted.
F ee Cash Flow. F ee cash flow is defi ed as cash flows p ovided by ope ati g activities less cash flows used to pu chase p ope ty a d equipme t, fi a ced a d othe wise, capitalized softwa e developme t, a d i ta gible assets. BlackLi e believes that p ese ti g f ee cash flow is useful to i vesto s as it p ovides a measu e of the Compa y’s liquidity used by ma ageme t to evaluate the amou t of cash ge e ated by the Compa y’s busi ess i cludi g the impact of pu chases of p ope ty a d equipme t a d cost of capitalized softwa e developme t.
BlackLi e has p ovided i this elease a d the qua te ly co fe e ce call held o August 4, 2026 ce tai ope ati g met ics, i cludi g (i) umbe of custome s, (ii) Platfo m p ici g ARR as a pe ce tage of eligible ARR, a d (iii) dolla -based et eve ue ete tio ate, which BlackLi e uses to evaluate its busi ess, measu e its pe fo ma ce, ide tify t e ds affecti g its busi ess, fo mulate fi a cial p ojectio s a d make st ategic decisio s.
Numbe of Custome s. A custome is defi ed as a compa y that co t ibutes to ou subsc iptio a d suppo t eve ue as of the measu eme t date. I situatio s whe e a o ga izatio has multiple subsidia ies o divisio s, each e tity that is i voiced as a sepa ate e tity is t eated as a sepa ate custome . I a i sta ce whe e a existi g custome equests its i voice be divided fo the sole pu pose of est uctu i g its i te al billi g a a geme t without a y i c eme tal i c ease i eve ue, such custome co ti ues to be t eated as a si gle custome . BlackLi e believes that its ability to expa d its custome base is a i dicato of the Compa y’s ma ket pe et atio a d the g owth of its busi ess.
Platfo m P ici g ARR as a Pe ce tage of Eligible ARR. Platfo m p ici g ARR as a pe ce tage of eligible ARR is calculated as platfo m a ual ecu i g eve ue divided by ou eligible a ual ecu i g eve ue. We defi e eligible ARR as total a ual ecu i g eve ue, excludi g eve ue f om SAP solutio s-exte sio s (“SolEx”) a d the public secto .
Dolla -based Net Reve ue Rete tio Rate. Dolla -based et eve ue ete tio ate is calculated as the implied mo thly subsc iptio a d suppo t eve ue at the e d of a pe iod fo the base set of custome s f om which the Compa y ge e ated subsc iptio eve ue i the yea p io to the calculatio , divided by the implied mo thly subsc iptio a d suppo t eve ue o e yea p io to the date of calculatio fo that same custome base. This calculatio does ot eflect implied mo thly subsc iptio a d suppo t eve ue fo ew custome s added du i g the o e-yea pe iod but does i clude the effect of custome s who te mi ated du i g the pe iod. Implied mo thly subsc iptio a d suppo t eve ue is defi ed as the total amou t of mi imum subsc iptio a d suppo t eve ue co t actually committed to, u de each of BlackLi e’s custome ag eeme ts ove the e ti e te m of the ag eeme t, divided by the umbe of mo ths i the te m of the ag eeme t. BlackLi e believes that dolla -based et eve ue ete tio ate is a impo ta t met ic to measu e the lo g-te m value of custome ag eeme ts a d the Compa y’s ability to etai a d g ow its elatio ships with existi g custome s ove time.
| Cu e t assets: | Cash a d cash equivale ts | $ | 242,897 | $ | 390,034 | Ma ketable secu ities | 284,863 | 388,178 | Accou ts eceivable, et of allowa ces | 190,185 | 218,100 | P epaid expe ses a d othe cu e t assets | 29,685 | 28,897 | Total cu e t assets | 747,630 | 1,025,209 | Capitalized softwa e developme t costs, et | 52,013 | 49,494 | P ope ty a d equipme t, et | 15,555 | 13,255 | I ta gible assets, et | 41,768 | 49,352 | Goodwill | 465,715 | 465,804 | Ope ati g lease ight-of-use assets | 21,024 | 22,756 | Defe ed tax assets, et | 35,652 | 39,341 | Othe assets | 89,579 | 94,308 | Total assets | $ | 1,468,936 | $ | 1,759,519 | Cu e t liabilities: | Accou ts payable | $ | 6,323 | $ | 15,523 | Acc ued expe ses a d othe cu e t liabilities | 60,145 | 76,790 | Defe ed eve ue, cu e t | 363,684 | 368,593 | Fi a ce lease liabilities, cu e t | 13 | 12 | Ope ati g lease liabilities, cu e t | 4,354 | 4,436 | Co ve tible se io otes, et, cu e t | — | 230,023 | Total cu e t liabilities | 434,519 | 695,377 | Fi a ce lease liabilities, o cu e t | 2,212 | 40 | Ope ati g lease liabilities, o cu e t | 16,842 | 19,850 | Co ve tible se io otes, et, o cu e t | 667,319 | 666,046 | Defe ed tax liabilities, et | 4,906 | 5,244 | Defe ed eve ue, o cu e t | 1,568 | 922 | Othe lo g-te m liabilities | 1,103 | 593 | Total liabilities | 1,128,469 | 1,388,072 | Commitme ts a d co ti ge cies | Redeemable o -co t olli g i te est | 24,293 | 39,121 | Stockholde s’ equity: | Commo stock | 584 | 599 | Additio al paid-i capital | 329,461 | 356,841 | Accumulated othe comp ehe sive loss | (881 | ) | (296 | ) | Accumulated deficit | (12,990 | ) | (24,818 | ) | Total stockholde s’ equity | 316,174 | 332,326 | Total liabilities, edeemable o -co t olli g i te est, a d stockholde s’ equity | $ | 1,468,936 | $ | 1,759,519 |
| Reve ues | Subsc iptio a d suppo t | $ | 177,856 | $ | 163,027 | $ | 351,570 | $ | 321,489 | P ofessio al se vices | 9,966 | 8,998 | 19,407 | 17,467 | Total eve ues | 187,822 | 172,025 | 370,977 | 338,956 | Cost of eve ues | Subsc iptio a d suppo t | 37,509 | 35,189 | 73,945 | 69,319 | P ofessio al se vices | 7,635 | 7,433 | 15,204 | 14,227 | Total cost of eve ues | 45,144 | 42,622 | 89,149 | 83,546 | G oss p ofit | 142,678 | 129,403 | 281,828 | 255,410 | Ope ati g expe ses | Sales a d ma keti g | 68,489 | 64,712 | 135,910 | 127,775 | Resea ch a d developme t | 31,294 | 27,964 | 61,854 | 53,689 | Ge e al a d admi ist ative | 30,788 | 28,138 | 64,029 | 56,483 | Rest uctu i g costs | 1,117 | 1,044 | 2,810 | 6,343 | Total ope ati g expe ses | 131,688 | 121,858 | 264,603 | 244,290 | I come f om ope atio s | 10,990 | 7,545 | 17,225 | 11,120 | Othe i come (expe se) | I te est i come | 4,138 | 8,555 | 10,196 | 17,447 | I te est expe se | (2,360 | ) | (2,533 | ) | (4,854 | ) | (5,055 | ) | Othe i come, et | 1,778 | 6,022 | 5,342 | 12,392 | I come befo e i come taxes | 12,768 | 13,567 | 22,567 | 23,512 | P ovisio fo i come taxes | 3,500 | 6,176 | 9,408 | 10,847 | Net i come | 9,268 | 7,391 | 13,159 | 12,665 | Net i come att ibutable to edeemable o -co t olli g i te est | 937 | 660 | 1,331 | 1,057 | Adjustme t att ibutable to edeemable o -co t olli g i te est | (8,150 | ) | (1,561 | ) | (12,779 | ) | (2,739 | ) | Net i come att ibutable to BlackLi e, I c. | $ | 16,481 | $ | 8,292 | $ | 24,607 | $ | 14,347 | Basic et i come pe sha e att ibutable to BlackLi e, I c. | $ | 0.28 | $ | 0.13 | $ | 0.42 | $ | 0.23 | Sha es used to calculate basic et i come pe sha e | 58,529 | 62,143 | 58,981 | 62,481 | Diluted et i come pe sha e att ibutable to BlackLi e, I c. | $ | 0.27 | $ | 0.13 | $ | 0.40 | $ | 0.23 | Sha es used to calculate diluted et i come pe sha e | 68,558 | 64,004 | 69,192 | 64,420 |
| Nume ato : | Net i come att ibutable to BlackLi e, I c. | $ | 16,481 | $ | 8,292 | $ | 24,607 | $ | 14,347 | I te est expe se, et of taxes | 1,710 | 130 | 2,751 | 255 | Net i come att ibutable to BlackLi e, I c. fo diluted calculatio | $ | 18,191 | $ | 8,422 | $ | 27,358 | $ | 14,602 | De omi ato : | Weighted ave age sha es | 58,529 | 62,143 | 58,981 | 62,481 | Dilutive effect of secu ities | 171 | 476 | 353 | 554 | Dilutive effect of co ve tible se io otes | 9,858 | 1,385 | 9,858 | 1,385 | Sha es used to calculate diluted et i come pe sha e | 68,558 | 64,004 | 69,192 | 64,420 | $ | 0.27 | $ | 0.13 | $ | 0.40 | $ | 0.23 |
| Cash flows f om ope ati g activities | Net i come att ibutable to BlackLi e, I c. | $ | 16,481 | $ | 8,292 | $ | 24,607 | $ | 14,347 | Net i come a d adjustme t att ibutable to edeemable o -co t olli g i te est | (7,213 | ) | (901 | ) | (11,448 | ) | (1,682 | ) | Net i come | 9,268 | 7,391 | 13,159 | 12,665 | Adjustme ts to eco cile et i come to et cash p ovided by ope ati g activities: | Dep eciatio a d amo tizatio | 12,393 | 11,475 | 24,559 | 22,973 | Amo tizatio of debt issua ce costs | 641 | 845 | 1,446 | 1,679 | Stock-based compe satio | 27,481 | 24,657 | 51,222 | 43,231 | No cash lease expe se | 1,399 | 1,297 | 2,944 | 2,694 | Reductio s i o cash lease liabilities | (351 | ) | — | (351 | ) | — | Gai s o disposal of fixed assets | (23 | ) | — | (23 | ) | — | Realized gai s o sales of ma ketable secu ities | (7 | ) | — | (7 | ) | — | Acc etio of pu chase discou ts o ma ketable secu ities, et | (1,853 | ) | (3,393 | ) | (4,397 | ) | (5,361 | ) | Net fo eig cu e cy (gai s) losses | (271 | ) | 788 | (149 | ) | 561 | Defe ed i come taxes | 2,406 | (921 | ) | 3,385 | (2,234 | ) | P ovisio fo c edit losses | 22 | 19 | 19 | 75 | Cha ges i ope ati g assets a d liabilities: | Accou ts eceivable | (15,080 | ) | (27,269 | ) | 26,782 | 5,468 | P epaid expe ses a d othe cu e t assets | 2,429 | 6,666 | (879 | ) | 4,788 | Othe assets | 1,637 | (911 | ) | 4,743 | (1,428 | ) | Accou ts payable | 728 | 6,119 | (6,988 | ) | 2,529 | Acc ued expe ses a d othe cu e t liabilities | 670 | (6,358 | ) | (16,807 | ) | (12,989 | ) | Defe ed eve ue | 5,197 | 10,272 | (4,258 | ) | 2,248 | Ope ati g lease liabilities | (2,015 | ) | (1,729 | ) | (3,643 | ) | (3,239 | ) | Lease i ce tive eceipts | — | — | — | 30 | Othe lo g-te m liabilities | 320 | 3,397 | 530 | 5,397 | Net cash p ovided by ope ati g activities | 44,991 | 32,345 | 91,287 | 79,087 | Cash flows f om i vesti g activities | Pu chases of ma ketable secu ities | (122,793 | ) | (92,017 | ) | (191,283 | ) | (476,940 | ) | P oceeds f om matu ities of ma ketable secu ities | 122,650 | 84,000 | 296,922 | 84,000 | P oceeds f om sales of ma ketable secu ities | — | — | 1,626 | — | Capitalized softwa e developme t costs | (6,609 | ) | (5,994 | ) | (15,020 | ) | (14,161 | ) | Pu chases of p ope ty a d equipme t | (1,917 | ) | (966 | ) | (4,034 | ) | (6,917 | ) | Net cash p ovided by (used i ) i vesti g activities | (8,669 | ) | (14,977 | ) | 88,211 | (414,018 | ) | Cash flows f om fi a ci g activities | Pu chase of additio al edeemable o -co t olli g i te est | — | — | (3,291 | ) | — | Repayme t of co ve tible se io otes | — | — | (230,196 | ) | — | P i cipal payme ts u de fi a ce lease obligatio s | (3 | ) | (3 | ) | (6 | ) | (60 | ) | Lease i ce tive eceipts – fi a ce leases | 37 | — | 37 | — | Repu chases of commo stock | (38,460 | ) | (43,332 | ) | (84,450 | ) | (88,783 | ) | P oceeds f om exe cises of stock optio s | 349 | 2,882 | 408 | 5,018 | P oceeds f om employee stock pu chase pla | 4,086 | 4,592 | 4,086 | 4,592 | P oceeds f om exe cises of stock optio s – edeemable o -co t olli g i te est | — | — | 152 | — | Acquisitio of commo stock fo tax withholdi g obligatio s | (1,340 | ) | (2,052 | ) | (13,103 | ) | (12,991 | ) | Net cash used i fi a ci g activities | (35,331 | ) | (37,913 | ) | (326,363 | ) | (92,224 | ) | Effect of fo eig cu e cy excha ge ate cha ges o cash, cash equivale ts, a d est icted cash | (139 | ) | 170 | (276 | ) | 410 | Net i c ease (dec ease) i cash, cash equivale ts, a d est icted cash | 852 | (20,375 | ) | (147,141 | ) | (426,745 | ) | Cash, cash equivale ts, a d est icted cash, begi i g of pe iod | 242,227 | 479,777 | 390,220 | 886,147 | Cash, cash equivale ts, a d est icted cash, e d of pe iod | $ | 243,079 | $ | 459,402 | $ | 243,079 | $ | 459,402 | Reco ciliatio of cash, cash equivale ts, a d est icted cash to theco de sed co solidated bala ce sheets: | Cash a d cash equivale ts at e d of pe iod | $ | 242,897 | $ | 459,141 | $ | 242,897 | $ | 459,141 | Rest icted cash i cluded withi p epaid expe ses a d othe cu e t assets at e d of pe iod | 182 | — | 182 | — | Rest icted cash i cluded withi othe assets at e d of pe iod | — | 261 | — | 261 | Total cash, cash equivale ts, a d est icted cash at e d of pe iodshow i the co de sed co solidated stateme ts of cash flows | $ | 243,079 | $ | 459,402 | $ | 243,079 | $ | 459,402 |
| G oss p ofit | $ | 142,678 | $ | 129,403 | $ | 281,828 | $ | 255,410 | Amo tizatio of acqui ed developed tech ology | 3,541 | 3,207 | 7,063 | 6,380 | Stock-based compe satio | 4,725 | 4,535 | 9,006 | 8,181 | T a sactio – elated costs | — | — | — | 8 | $ | 150,944 | $ | 137,145 | $ | 297,897 | $ | 269,979 | G oss ma gi | 76.0 | % | 75.2 | % | 76.0 | % | 75.4 | % | No -GAAP g oss ma gi | 80.4 | % | 79.7 | % | 80.3 | % | 79.7 | % | Ope ati g i come | $ | 10,990 | $ | 7,545 | $ | 17,225 | $ | 11,120 | Amo tizatio of i ta gible assets | 3,801 | 3,468 | 7,584 | 7,118 | Stock-based compe satio | 28,566 | 25,571 | 53,351 | 44,990 | T a sactio – elated costs | — | 128 | 2,923 | 3,138 | Rest uctu i g a d legal settleme t costs | 455 | 1,295 | 2,333 | 6,594 | $ | 43,812 | $ | 38,007 | $ | 83,416 | $ | 72,960 | GAAP ope ati g ma gi | 5.9 | % | 4.4 | % | 4.6 | % | 3.3 | % | No -GAAP ope ati g ma gi | 23.3 | % | 22.1 | % | 22.5 | % | 21.5 | % | Net i come att ibutable to BlackLi e, I c. | $ | 16,481 | $ | 8,292 | $ | 24,607 | $ | 14,347 | P ovisio fo (be efit f om) i come taxes | 1,115 | (12 | ) | 3,050 | (666 | ) | Amo tizatio of i ta gible assets | 3,801 | 3,468 | 7,584 | 7,118 | Stock-based compe satio | 28,566 | 25,447 | 53,351 | 44,755 | Amo tizatio of debt issua ce costs | 641 | 845 | 1,446 | 1,679 | T a sactio – elated costs | — | 128 | 2,923 | 3,138 | Rest uctu i g a d legal settleme t costs | 455 | 1,295 | 2,333 | 6,594 | Adjustme t to edeemable o -co t olli g i te est | (8,150 | ) | (1,561 | ) | (12,779 | ) | (2,739 | ) | $ | 42,909 | $ | 37,902 | $ | 82,515 | $ | 74,226 | Basic o -GAAP et i come pe sha e att ibutable to BlackLi e, I c. | $ | 0.73 | $ | 0.61 | $ | 1.40 | $ | 1.19 | Sha es used to calculate basic o -GAAP et i come pe sha e | 58,529 | 62,143 | 58,981 | 62,481 | Nume ato : | No -GAAP et i come att ibutable to BlackLi e, I c. | $ | 42,909 | $ | 37,902 | $ | 82,515 | $ | 74,226 | I te est expe se, et of taxes | 1,599 | 1,451 | 3,134 | 2,923 | No -GAAP et i come att ibutable to BlackLi e, I c. fo diluted calculatio | $ | 44,508 | $ | 39,353 | $ | 85,649 | $ | 77,149 | De omi ato : | Weighted ave age sha es | 58,529 | 62,143 | 58,981 | 62,481 | Dilutive effect of secu ities | 5,127 | 4,351 | 4,434 | 3,672 | Dilutive effect of co ve tible se io otes | 9,858 | 11,243 | 9,858 | 11,243 | Sha es used to calculate diluted o -GAAP et i come pe sha e | 73,514 | 77,737 | 73,273 | 77,396 | $ | 0.61 | $ | 0.51 | $ | 1.17 | $ | 1.00 | Sales a d ma keti g expe se | $ | 68,489 | $ | 64,712 | $ | 135,910 | $ | 127,775 | Amo tizatio of i ta gible assets | (182 | ) | (183 | ) | (364 | ) | (581 | ) | Stock-based compe satio | (8,368 | ) | (6,900 | ) | (15,315 | ) | (12,944 | ) | T a sactio – elated costs | — | — | — | (10 | ) | $ | 59,939 | $ | 57,629 | $ | 120,231 | $ | 114,240 | Resea ch a d developme t expe se | $ | 31,294 | $ | 27,964 | $ | 61,854 | $ | 53,689 | Stock-based compe satio | (5,471 | ) | (4,451 | ) | (10,203 | ) | (7,801 | ) | T a sactio – elated costs | — | — | — | (21 | ) | $ | 25,823 | $ | 23,513 | $ | 51,651 | $ | 45,867 | Ge e al a d admi ist ative expe se | $ | 30,788 | $ | 28,138 | $ | 64,029 | $ | 56,483 | Amo tizatio of i ta gible assets | (78 | ) | (78 | ) | (157 | ) | (157 | ) | Stock-based compe satio | (10,002 | ) | (9,685 | ) | (18,827 | ) | (16,064 | ) | T a sactio – elated costs | — | (128 | ) | (2,923 | ) | (3,099 | ) | Rest uctu i g a d legal settleme t costs | 662 | (251 | ) | 477 | (251 | ) | $ | 21,370 | $ | 17,996 | $ | 42,599 | $ | 36,912 | $ | 107,132 | $ | 99,138 | $ | 214,481 | $ | 197,019 | Net cash p ovided by ope ati g activities | $ | 44,991 | $ | 32,345 | $ | 91,287 | $ | 79,087 | Capitalized softwa e developme t costs | (6,609 | ) | (5,994 | ) | (15,020 | ) | (14,161 | ) | Pu chases of p ope ty a d equipme t | (1,917 | ) | (966 | ) | (4,034 | ) | (6,917 | ) | $ | 36,465 | $ | 25,385 | $ | 72,233 | $ | 58,009 |
