BLACKLINE, INC.BL

BLACKLINE, INC. Segments Disclosure

10-KFiled Feb 26, 20262 min read
Segment Information
Management has concluded that the Company has one operating and reportable segment. The Company provides subscription and support services that consist of a cloud-based platform that drives digital finance transformation and also provides professional services that consist of implementation and consulting services. The technology used in the subscription and support services is based on a single software platform that is deployed to and implemented by customers. The Company manages the business activities on a consolidated basis, and operating segments have not been aggregated. The accounting policies for the operating segment are the same as those described in the summary of significant accounting policies.
The Company’s Chief Operating Decision Maker (“CODM”) assesses performance for the operating segment and decides how to allocate resources based on the review of net income. The CODM uses net income, among other measures, for budgeting and resource allocation purposes. Expenses significant to the segment were determined to be cost of revenues, sales and marketing expenses, research and development expenses, general and administrative expenses, interest expense, and the provision for (benefit from) income taxes, all of which are presented in the consolidated statements of operations for the years ended December 31, 2025, 2024, and 2023. Other significant expenses included depreciation expense of $32.4 million, $30.5 million, and $29.5 million for the years ended December 31, 2025, 2024, and 2023, respectively, as well as amortization expense of $14.2 million, $19.9 million, and $20.6 million for the years ended December 31, 2025, 2024, and 2023, respectively.
The Company’s intra-entity sales are eliminated upon consolidation. 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):
Year Ended December 31,
202520242023
United States$482,549 $457,955 $422,192 
International217,878 195,381 167,804 
$700,427 $653,336 $589,996 
No countries outside the United States (“U.S.”) represented 10% or more of total revenues.
The measure of segment assets is reported in the consolidated balance sheets as total consolidated assets. The following table sets forth the Company’s long-lived assets, which consist of property and equipment, net, and lease right-of-use assets by geographic region (in thousands):
December 31,
20252024
United States$14,467 $18,399 
International21,544 16,213 
$36,011 $34,612 
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Historical Timeline

Fiscal YearFiled
2025Feb 26, 2026Showing above
2024Feb 21, 2025

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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