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BlackLine, Inc.

BlackLine, Inc.

NASDAQ•BL
CEO: Mr. Owen M. Ryan CPA
Sector: Technology
Industry: Software - Application
Listing Date: 2016-10-28
BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company's also provides journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution. In addition, it offers blackline cash application, and credit and risk, collections, disputes and deductions, and team and task management, as well as AR intelligence solutions and electronic invoicing and compliance. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization's intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.
Contact Information
21300 Victory Boulevard, 12th Floor, Woodland Hills, CA, 91367, United States
818-223-9008
www.blackline.com
Market Cap
$3.49B
P/E (TTM)
40.1
83.4
Dividend Yield
--
52W High
$66.25
52W Low
$40.82
52W Range
61%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$172.03M+7.18%
4-Quarter Trend

EPS

$0.13-89.52%
4-Quarter Trend

FCF

$31.38M-8.74%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Total Revenue Growth Solid Total revenues reached 172.0M USD in Q2 2025, increasing 7% from 160.5M USD, driven by product expansion and new bookings.
Operating Income Rises Sharply GAAP income from operations surged to 7.5M USD, a 241.7% increase from 2.2M USD, reflecting improved operational efficiency.
Net Revenue Retention Strong Dollar-based net revenue retention rate increased to 105% in Q2 2025, up from 104%, maximizing customer lifetime value.

Risk Factors

User Count Decreased Slightly Total number of users decreased 2% to 389.6K, attributed to customer migrations to the new platform pricing model.
Operating Cash Flow Lower Net cash provided by operating activities for six months fell 13% to 79.1M USD, down from 91.1M USD in the prior period.
Macroeconomic Uncertainty Persists Global economic uncertainty causes customers to delay purchasing decisions, adversely impacting near-term demand and revenue forecasting.

Outlook

Strong Liquidity Position Maintained Liquidity totals 857.4M USD in cash and marketable securities, sufficient to cover working capital, capital expenditures, and share repurchases for 12 months.
Future Revenue Recognition Secured Contracted unrecognized revenue is 944.3M USD; 56% expected to be recognized over the next 12 months, securing future revenue stream.
Restructuring Program Nearing End Fiscal 2025 restructuring program, reducing workforce by 7%, expected to be substantially completed during fiscal 2025 for strategic alignment.

Peer Comparison

Revenue (TTM)

Blackbaud, Inc.BLKB
$1.14B
-1.1%
Clear Secure, Inc.YOU
$835.53M
+19.9%
Freshworks Inc.FRSH
$782.10M
+19.8%

Gross Margin (Latest Quarter)

Asana, Inc.ASAN
89.7%
+0.9 pp
Freshworks Inc.FRSH
84.8%
+1.0 pp
Dave Inc.DAVE
82.2%
-8.5 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BL$3.49B40.121.4%51.4%
AGYS$3.42B139.78.8%4.9%
FRSH$3.18B-58.6-5.1%1.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+1.2%
Moderate Growth
4Q Net Income CAGR
-21.6%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $172.03M+7.2%
    |
    EPS: $0.13-89.5%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $166.93M+6.0%
    |
    EPS: $0.10-46.4%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $653.34M+10.7%
    |
    EPS: $2.59+197.7%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $165.91M+10.1%
    |
    EPS: $0.32+60.0%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $160.51M+11.0%
    |
    EPS: $1.24+143.1%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $157.46M+13.3%
    |
    EPS: $0.18-263.6%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $590.00M+12.8%
    |
    EPS: $0.87+277.6%
    Beat
  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Nov 3, 2023|
    Revenue: $150.71M+12.2%
    |
    EPS: $0.20-162.5%
    Miss