v3.26.1
Net Income per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income per Share Net Income per Share
The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share amounts):
Quarter Ended June 30,Six Months Ended June 30,
2026202520262025
Basic net income per share
Numerator:
Net income attributable to BlackLine, Inc.$16,481 $8,292 $24,607 $14,347 
Denominator:
Weighted average shares58,529 62,143 58,981 62,481 
Basic net income per share attributable to BlackLine, Inc.$0.28 $0.13 $0.42 $0.23 
Diluted net income per share
Numerator:
Net income attributable to BlackLine, Inc.$16,481 $8,292 $24,607 $14,347 
Interest expense, net of taxes1,710 130 2,751 255 
Net income attributable to BlackLine, Inc. for diluted calculation$18,191 $8,422 $27,358 $14,602 
Denominator:
Weighted average shares58,529 62,143 58,981 62,481 
Dilutive effect of securities171 476 353 554 
Dilutive effect of convertible senior notes9,858 1,385 9,858 1,385 
Shares used to calculate diluted net income per share68,558 64,004 69,192 64,420 
Diluted net income per share attributable to BlackLine, Inc.$0.27 $0.13 $0.40 $0.23 
The Company computes basic earnings per share attributable to BlackLine, Inc. using the weighted average number of common shares outstanding. The Company computes diluted earnings per share attributable to BlackLine, Inc. using the weighted average number of common shares outstanding plus the effect of potentially dilutive shares, which is based on the weighted-average shares of common stock underlying stock options and unvested stock awards using the treasury stock method, and the effect of the convertible senior notes using the if-converted method.
The weighted average impact of potentially dilutive securities that were excluded from the diluted per share calculations because they were anti-dilutive were as follows (in thousands):
Quarter Ended June 30,Six Months Ended June 30,
2026202520262025
Stock options - service-only vesting conditions587 382 569 429 
Restricted stock units - service-only vesting conditions4,584 1,618 3,527 1,581 
Restricted stock units - performance and service conditions244 141 162 89 
Restricted stock units - market and service conditions647 375 518 285 
Contingently returnable common shares221 — 221 — 
Total shares excluded from net income per share6,283 2,516 4,997 2,384 
The denominator for diluted net income per share attributable to BlackLine, Inc. does not include any effect from the Capped Calls as this effect would be anti-dilutive. In the event of conversion of the 2029 Notes, shares delivered to the Company under the Capped Calls would offset the dilutive effect of the shares that the Company would issue under the Notes. Refer to “Note 8 - Convertible Senior Notes” for additional information on the Notes and the related Capped Calls.