NASDAQ : BL
BlackLine, Inc. — Financial statements
Technology · Software - Application · United States
Last price 33.81 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.97B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
BlackLine, Inc. (BL) reported revenue of 732.45M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 732.45M | 700.43M | 653.34M | 590.00M | 522.94M | 425.71M |
| Cost of Revenue | 178.99M | 173.38M | 161.81M | 146.79M | 129.38M | 97.87M |
| Gross Profit | 553.46M | 527.05M | 491.52M | 443.20M | 393.55M | 327.83M |
| Selling, General & Admin | 393.34M | 377.66M | 370.14M | 348.23M | 372.15M | 291.88M |
| Research & Development | 117.37M | 109.20M | 100.97M | 103.21M | 108.89M | 77.32M |
| Operating Expenses | 510.71M | 486.86M | 471.12M | 451.44M | 481.04M | 369.21M |
| Operating Income | 42.75M | 40.19M | 20.41M | -8.24M | -87.49M | -41.37M |
| Interest Expense | -9.95M | -10.15M | -8.76M | -5.90M | -5.85M | -62.95M |
| Interest & Investment Income | 25.57M | 32.83M | 49.81M | 52.06M | 14.64M | 700.00K |
| EBT Excluding Unusual Items | 58.38M | 62.86M | 61.46M | 37.92M | -78.70M | -103.62M |
| Merger & Restructuring Charges | -11.09M | -14.63M | -1.87M | -10.96M | -3.84M | |
| Other Unusual Items | 65.11M | 33.55M | 35.13M | 2.76M | ||
| Pretax Income | 47.28M | 48.23M | 124.70M | 60.51M | -47.41M | -100.86M |
| Income Tax Expense | 19.53M | 20.97M | -43.07M | 1.45M | -13.52M | 135.00K |
| Earnings From Continuing Operations | 27.75M | 27.26M | 167.76M | 59.06M | -33.89M | -100.99M |
| Minority Interest in Earnings | 7.03M | -2.74M | -6.59M | -6.23M | 4.50M | -14.17M |
| Net Income | 34.78M | 24.52M | 161.17M | 52.83M | -29.39M | -115.16M |
| Net Income to Common | 34.78M | 24.52M | 161.17M | 52.83M | -29.39M | -115.16M |
| Shares Outstanding (Basic) | 59.68M | 61.43M | 62.13M | 60.85M | 59.54M | 58.35M |
| Shares Outstanding (Diluted) | 68.31M | 65.92M | 73.50M | 72.05M | 59.54M | 58.35M |
| EPS (Basic) | 0.58 | 0.40 | 2.59 | 0.87 | -0.49 | -1.97 |
| EPS (Diluted) | 0.56 | 0.39 | 1.45 | 0.81 | -0.49 | -1.97 |
| Free Cash Flow | 176.58M | 161.49M | 188.71M | 120.66M | 45.04M | 71.36M |
| Free Cash Flow Per Share | 2.58 | 2.45 | 2.57 | 1.68 | 0.76 | 1.22 |
| Gross Margin | 75.56% | 75.25% | 75.23% | 75.12% | 75.26% | 77.01% |
| Operating Margin | 5.84% | 5.74% | 3.12% | -1.40% | -16.73% | -9.72% |
| Profit Margin | 4.75% | 3.50% | 24.67% | 8.96% | -5.62% | -27.05% |
| Free Cash Flow Margin | 24.11% | 23.06% | 28.88% | 20.45% | 8.61% | 16.76% |
| EBITDA | 64.47M | 60.32M | 48.15M | 22.76M | -58.27M | -23.24M |
| EBITDA Margin | 8.80% | 8.61% | 7.37% | 3.86% | -11.14% | -5.46% |
| D&A For EBITDA | 21.72M | 20.14M | 27.75M | 31.00M | 29.22M | 18.13M |
| EBIT | 42.75M | 40.19M | 20.41M | -8.24M | -87.49M | -41.37M |
| EBIT Margin | 5.84% | 5.74% | 3.12% | -1.40% | -16.73% | -9.72% |
| Effective Tax Rate | 41.31% | 43.48% | 2.40% | |||
| Revenue as Reported | 732.45M | 700.43M | 653.34M | 590.00M | 522.94M | 425.71M |
| Advertising Expenses | 14.20M | 11.60M | 11.80M | 9.50M | 9.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 242.90M | 390.03M | 885.91M | 271.12M | 200.97M | 539.74M |
| Short-Term Investments | 284.86M | 388.18M | 933.36M | 874.08M | 658.96M | |
| Cash & Short-Term Investments | 527.76M | 778.21M | 885.91M | 1.20B | 1.08B | 1.20B |
| Receivables | 190.19M | 218.10M | 178.14M | 171.61M | 150.86M | 125.13M |
| Prepaid Expenses | 29.50M | 28.90M | 28.35M | 31.24M | 23.66M | 23.86M |
| Restricted Cash | 182.00K | |||||
| Total Current Assets | 747.63M | 1.03B | 1.09B | 1.41B | 1.25B | 1.35B |
| Property, Plant & Equipment | 36.58M | 36.01M | 34.61M | 34.04M | 34.52M | 32.59M |
| Goodwill | 465.71M | 465.80M | 448.96M | 448.96M | 443.86M | 289.71M |
| Other Intangible Assets | 93.78M | 98.85M | 104.97M | 116.88M | 122.93M | 59.74M |
| Long-Term Deferred Tax Assets | 35.65M | 39.34M | 53.21M | 145.00K | ||
| Long-Term Deferred Charges | 85.10M | 89.30M | 86.10M | 89.90M | 89.10M | 80.00M |
| Other Long-Term Assets | 4.48M | 5.01M | 4.78M | 3.51M | 3.67M | 7.85M |
| Total Assets | 1.47B | 1.76B | 1.83B | 2.10B | 1.94B | 1.82B |
| Accounts Payable | 6.32M | 15.52M | 8.46M | 8.62M | 14.96M | 7.47M |
| Accrued Expenses | 49.81M | 58.81M | 60.28M | 48.71M | 47.45M | 41.16M |
| Current Portion of Long-Term Debt | 230.02M | 249.23M | ||||
| Current Portion of Leases | 4.37M | 4.45M | 3.59M | 4.89M | 6.93M | 5.31M |
| Current Income Taxes Payable | 9.12M | 13.76M | 11.30M | 9.41M | 9.41M | 9.77M |
| Current Unearned Revenue | 363.68M | 368.59M | 338.62M | 320.13M | 279.32M | 242.43M |
| Other Current Liabilities | 1.22M | 4.21M | 1.57M | 9.74M | 16.44M | |
| Total Current Liabilities | 434.52M | 695.38M | 422.24M | 642.57M | 367.82M | 322.58M |
| Long-Term Debt | 667.32M | 666.05M | 892.67M | 1.14B | 1.38B | 1.11B |
| Long-Term Leases | 19.05M | 19.89M | 20.34M | 15.74M | 10.08M | 14.07M |
| Long-Term Unearned Revenue | 1.57M | 922.00K | 1.39M | 904.00K | 343.00K | 362.00K |
| Long-Term Deferred Tax Liabilities | 4.91M | 5.24M | 4.53M | 6.39M | 5.57M | 8.18M |
| Other Long-Term Liabilities | 1.10M | 593.00K | 708.00K | 3.61M | 39.78M | 4.42M |
| Total Liabilities | 1.13B | 1.39B | 1.34B | 1.81B | 1.81B | 1.46B |
| Common Stock | 584.00K | 599.00K | 628.00K | 615.00K | 600.00K | 590.00K |
| Additional Paid-In Capital | 329.46M | 356.84M | 495.39M | 474.86M | 385.71M | 625.88M |
| Retained Earnings | -12.99M | -24.82M | -48.99M | -214.80M | -272.97M | -301.74M |
| Comprehensive Income & Other | -881.00K | -296.00K | -361.00K | 205.00K | -1.47M | 298.00K |
| Total Common Equity | 316.17M | 332.33M | 446.67M | 260.88M | 111.87M | 325.04M |
| Minority Interest | 24.29M | 39.12M | 36.48M | 30.06M | 23.89M | 28.70M |
| Shareholders' Equity | 340.47M | 371.45M | 483.15M | 290.94M | 135.76M | 353.74M |
| Total Liabilities & Equity | 1.47B | 1.76B | 1.83B | 2.10B | 1.94B | 1.82B |
| Total Debt | 690.74M | 920.41M | 916.60M | 1.41B | 1.40B | 1.13B |
| Net Cash (Debt) | -162.98M | -142.19M | -30.69M | -206.00M | -326.26M | 65.08M |
| Net Cash Per Share | -2.39 | -2.16 | -0.42 | -2.86 | -5.48 | 1.12 |
| Filing Date Shares Outstanding | 58.13M | 59.54M | 62.81M | 61.52M | 60.05M | 59.24M |
| Total Common Shares Outstanding | 58.38M | 59.88M | 62.81M | 61.52M | 60.02M | 58.98M |
| Working Capital | 313.11M | 329.83M | 670.16M | 764.76M | 881.75M | 1.03B |
| Book Value Per Share | 5.42 | 5.55 | 7.11 | 4.24 | 1.86 | 5.51 |
| Tangible Book Value | -243.32M | -232.32M | -107.26M | -304.97M | -454.93M | -24.42M |
| Tangible Book Value Per Share | -4.17 | -3.88 | -1.71 | -4.96 | -7.58 | -0.41 |
| Machinery | 28.81M | 27.86M | 26.59M | 26.38M | 21.01M | |
| Construction In Progress | 2.64M | 121.00K | 938.00K | |||
| Leasehold Improvements | 21.44M | 16.32M | 16.20M | 14.94M | 10.06M | |
| Order Backlog | 1.10M | 879.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 34.78M | 24.52M | 161.17M | 52.83M | -29.39M | -115.16M |
| Depreciation & Amortization | 21.72M | 20.14M | 27.75M | 31.00M | 29.22M | 18.13M |
| Other Amortization | 29.56M | 29.79M | 27.09M | 24.64M | 19.11M | 64.54M |
| Asset Writedown & Restructuring Costs | 5.33M | |||||
| Loss (Gain) From Sale of Investments | -10.73M | -11.69M | -18.44M | -33.88M | -8.87M | 6.00K |
| Stock-Based Compensation | 100.58M | 92.59M | 83.25M | 77.97M | 75.88M | 65.87M |
| Provision & Write-off of Bad Debts | 51.00K | 107.00K | 84.00K | -18.00K | 115.00K | -100.00K |
| Other Operating Activities | 26.38M | 21.57M | -113.41M | -27.77M | -45.41M | 8.06M |
| Change in Accounts Receivable | -16.84M | -38.16M | -7.55M | -20.86M | -23.03M | -14.26M |
| Change in Accounts Payable | -4.17M | 5.35M | -1.12M | -5.10M | 4.38M | 4.00M |
| Change in Unearned Revenue | 22.73M | 29.24M | 18.97M | 41.27M | 36.65M | 51.58M |
| Change in Other Net Operating Assets | -15.24M | -6.62M | 6.47M | -19.69M | -3.46M | -16.74M |
| Operating Cash Flow | 181.77M | 169.57M | 190.84M | 126.61M | 56.01M | 80.09M |
| Capital Expenditures | -5.19M | -8.07M | -2.13M | -5.95M | -10.97M | -8.73M |
| Cash Acquisitions | -16.17M | -16.17M | -11.38M | -157.74M | ||
| Sale (Purchase) of Intangibles | -27.46M | -26.60M | -24.71M | -21.64M | -19.21M | -14.54M |
| Investment in Securities | 125.76M | -374.44M | 951.28M | -23.51M | -207.69M | -483.68M |
| Investing Cash Flow | 76.94M | -425.29M | 924.44M | -62.48M | -395.62M | -506.94M |
| Long-Term Debt Issued | 661.98M | 1.13B | ||||
| Long-Term Debt Repaid | -66.00K | -1.10B | -990.00K | -619.00K | -432.27M | |
| Net Debt Issued (Repaid) | -230.17M | -66.00K | -437.54M | -990.00K | -619.00K | 696.53M |
| Issuance of Common Stock | 7.27M | 12.39M | 14.60M | 27.77M | 11.68M | 20.45M |
| Repurchase of Common Stock | -248.21M | -252.44M | -17.46M | -15.03M | -9.54M | -17.01M |
| Other Financing Activities | -3.14M | -59.74M | -5.61M | -84.00K | -100.73M | |
| Financing Cash Flow | -474.25M | -240.11M | -500.14M | 6.15M | 1.44M | 599.24M |
| Foreign Exchange Rate Adjustments | -778.00K | -92.00K | -347.00K | -120.00K | -618.00K | -314.00K |
| Net Cash Flow | -216.32M | -495.93M | 614.78M | 70.16M | -338.78M | 172.08M |
| Free Cash Flow | 176.58M | 161.49M | 188.71M | 120.66M | 45.04M | 71.36M |
| Free Cash Flow Margin | 24.11% | 23.06% | 28.88% | 20.45% | 8.61% | 16.76% |
| Free Cash Flow Per Share | 2.58 | 2.45 | 2.57 | 1.68 | 0.76 | 1.22 |
| Levered Free Cash Flow | 138.62M | 128.37M | 145.09M | 96.39M | 53.78M | 121.67M |
| Unlevered Free Cash Flow | 141.68M | 131.32M | 146.08M | 94.54M | 51.93M | 105.47M |
| Cash Interest Paid | 6.75M | 6.75M | 3.82M | 313.00K | 313.00K | 506.00K |
| Cash Income Tax Paid | 6.52M | 6.52M | 11.50M | 3.10M | 1.12M | 890.00K |
| Change in Working Capital | -13.53M | -10.20M | 16.76M | -4.38M | 14.53M | 24.58M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.98B | 3.29B | 3.80B | 3.83B | 4.02B | 6.07B |
| Enterprise Value | 2.14B | 3.44B | 3.90B | 4.10B | 4.40B | 6.02B |
| Last Close Price | 34.09 | 55.29 | 60.76 | 62.44 | 67.27 | 103.54 |
| PE Ratio | 60.72 | 134.15 | 23.56 | 72.41 | ||
| Forward PE | 13.04 | 24.10 | 27.96 | 30.37 | 119.42 | 169.16 |
| PS Ratio | 2.71 | 4.70 | 5.81 | 6.48 | 7.69 | 14.27 |
| PB Ratio | 6.29 | 8.86 | 7.86 | 13.15 | 29.62 | 17.17 |
| P/FCF Ratio | 11.22 | 20.37 | 20.12 | 31.71 | 89.28 | 85.10 |
| P/OCF Ratio | 10.90 | 19.40 | 19.89 | 30.22 | 71.79 | 75.83 |
| PEG Ratio | 0.85 | 4.90 | 6.56 | 0.60 | 7.01 | 8.50 |
| EV/Sales Ratio | 2.93 | 4.92 | 5.97 | 6.95 | 8.41 | 14.15 |
| EV/EBITDA Ratio | 33.26 | 57.08 | 80.94 | 180.19 | ||
| EV/EBIT Ratio | 50.16 | 85.68 | 190.99 | |||
| EV/FCF Ratio | 12.14 | 21.32 | 20.65 | 33.99 | 97.69 | 84.42 |
| Debt / Equity Ratio | 2.03 | 2.48 | 1.90 | 4.85 | 10.32 | 3.21 |
| Debt / EBITDA Ratio | 9.30 | 13.15 | 15.93 | 45.44 | ||
| Debt / FCF Ratio | 3.91 | 5.70 | 4.86 | 11.69 | 31.11 | 15.88 |
| Net Debt / Equity Ratio | 0.48 | 0.38 | 0.06 | 0.71 | 2.40 | -0.18 |
| Net Debt / EBITDA Ratio | 2.53 | 2.36 | 0.64 | 9.05 | -5.60 | 2.80 |
| Net Debt / FCF Ratio | 0.92 | 0.88 | 0.16 | 1.71 | 7.24 | -0.91 |
| Asset Turnover | 0.45 | 0.39 | 0.33 | 0.29 | 0.28 | 0.29 |
| Quick Ratio | 1.65 | 1.43 | 2.52 | 2.14 | 3.33 | 4.10 |
| Current Ratio | 1.72 | 1.47 | 2.59 | 2.19 | 3.40 | 4.18 |
| Return on Equity (ROE) | 7.03% | 6.38% | 43.34% | 27.68% | -13.85% | -25.62% |
| Return on Assets (ROA) | 1.64% | 1.40% | 0.65% | -0.25% | -2.91% | -1.76% |
| Return on Invested Capital (ROIC) | 5.00% | 4.42% | 4.04% | -1.68% | -23.31% | -13.81% |
| Return on Capital Employed (ROCE) | 4.10% | 3.80% | 1.50% | -0.60% | -5.60% | -2.80% |
| Earnings Yield | 1.65% | 0.74% | 4.25% | 1.38% | -0.73% | -1.90% |
| FCF Yield | 8.91% | 4.91% | 4.97% | 3.15% | 1.12% | 1.18% |
| Buyback Yield / Dilution | 1.52% | 10.32% | -2.02% | -21.00% | -2.04% | -2.67% |