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BlackLine (BL) Financials

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$28.69 -0.21 (-0.73%)
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Annual Income Statements for BlackLine

Annual Income Statements for BlackLine

This table shows BlackLine's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -25 -26 -33 -29 -33 -47 -115 -29 53 161 25
Consolidated Net Income / (Loss)		 -25 -26 -33 -29 -32 -39 -101 -34 59 168 27
Net Income / (Loss) Continuing Operations		 -25 -26 -33 -29 -32 -39 -101 -34 59 168 27
Total Pre-Tax Income 		-38 -35 -33 -28 -30 -39 -101 -47 61 125 48
Total Operating Income		 -35 -23 -30 -30 -28 -20 -39 -56 14 19 26
Total Gross Profit		 61 98 134 177 230 283 328 394 443 491 527
Total Revenue		 84 128 176 228 289 352 426 523 590 653 700
Operating Revenue		 84 128 176 228 289 352 426 523 590 653 700
Total Cost of Revenue		 23 30 41 51 59 69 98 129 147 162 173
Operating Cost of Revenue		 23 30 41 51 59 69 98 129 147 162 173
Total Operating Expenses		 96 121 165 207 258 303 366 450 429 473 501
Selling, General & Admin Expense		 21 28 37 47 56 72 87 80 72 122 119
Marketing Expense		 57 72 104 129 159 175 203 257 243 248 259
Research & Development Expense		 18 21 24 31 43 56 77 109 103 101 109
Restructuring Charge		 - - - - - 0.00 0.00 3.84 11 1.72 15
Total Other Income / (Expense), net		 -3.64 -12 -2.43 2.13 -2.52 -19 -62 8.79 46 106 23
Interest Expense		 3.22 5.94 0.01 0.00 8.65 23 63 5.85 5.90 -56 10
Interest & Investment Income		 0.00 0.00 1.07 2.14 6.13 4.50 0.70 15 52 50 33
Income Tax Expense		 -14 -8.66 0.57 1.07 1.73 0.70 0.14 -14 1.45 -43 21
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 0.00 -0.06 0.39 7.51 14 -4.50 6.23 6.59 2.74
Basic Earnings per Share		 ($0.61) ($0.62) ($0.64) ($0.53) ($0.59) ($0.83) ($1.97) ($0.49) $0.87 $2.59 $0.40
Weighted Average Basic Shares Outstanding		 40.58M 42.50M 52.16M 53.91M 55.32M 56.83M 58.35M 59.54M 60.85M 62.13M 61.43M
Diluted Earnings per Share		 ($0.61) ($0.62) ($0.64) ($0.53) ($0.59) ($0.83) ($1.97) ($0.49) $0.81 $1.45 $0.39
Weighted Average Diluted Shares Outstanding		 40.58M 42.50M 52.16M 53.91M 55.32M 56.83M 58.35M 59.54M 72.05M 73.50M 65.92M
Weighted Average Basic & Diluted Shares Outstanding		 40.58M 42.60M -330.50M 53.50M 56.30M 57.79M 59.24M 60.05M 61.52M 62.81M 59.54M

Quarterly Income Statements for BlackLine

This table shows BlackLine's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 12 22 11 77 17 56 6.06 8.29 5.29 4.89 8.13
Consolidated Net Income / (Loss)		 13 24 15 75 15 63 5.27 7.39 8.61 5.98 3.89
Net Income / (Loss) Continuing Operations		 13 24 15 75 15 63 5.27 7.39 8.61 5.98 3.89
Total Pre-Tax Income 		11 26 16 79 17 13 9.95 14 13 11 9.80
Total Operating Income		 -1.07 13 1.75 2.21 8.36 6.22 3.58 7.55 7.61 6.82 6.24
Total Gross Profit		 114 118 118 120 125 128 126 129 134 138 139
Total Revenue		 151 156 157 161 166 169 167 172 178 183 183
Operating Revenue		 151 156 157 161 166 169 167 172 178 183 183
Total Cost of Revenue		 37 38 39 40 41 41 41 43 44 45 44
Operating Cost of Revenue		 37 38 39 40 41 41 41 43 44 45 44
Total Operating Expenses		 115 105 117 118 116 122 122 122 126 131 133
Selling, General & Admin Expense		 18 25 30 31 28 32 28 28 29 33 33
Marketing Expense		 62 57 61 60 62 65 63 65 67 64 67
Research & Development Expense		 27 23 25 26 26 25 26 28 27 28 31
Restructuring Charge		 8.66 1.15 0.44 0.93 0.36 -0.01 5.30 1.04 2.27 6.02 1.69
Total Other Income / (Expense), net		 13 13 14 77 8.31 6.88 6.37 6.02 5.66 4.63 3.56
Interest Expense		 1.49 1.48 1.47 -63 2.68 2.52 2.52 2.53 2.55 2.55 2.49
Interest & Investment Income		 14 15 15 14 11 9.40 8.89 8.56 8.20 7.18 6.06
Income Tax Expense		 -2.01 1.90 0.87 4.34 2.10 -50 4.67 6.18 4.65 5.47 5.91
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.55 2.18 3.94 -1.73 -2.67 7.05 -0.78 -0.90 3.33 1.10 -4.24
Basic Earnings per Share		 $0.20 $0.36 $0.18 $1.24 $0.28 $0.89 $0.10 $0.13 $0.09 $0.08 $0.14
Weighted Average Basic Shares Outstanding		 61.10M 60.85M 61.64M 61.98M 62.25M 62.13M 62.82M 62.14M 61.16M 61.43M 59.44M
Diluted Earnings per Share		 $0.19 $0.37 $0.17 $0.22 $0.27 $0.79 $0.10 $0.13 $0.09 $0.07 $0.13
Weighted Average Diluted Shares Outstanding		 72.10M 72.05M 72.89M 72.52M 73.97M 73.50M 64.84M 64.00M 63.20M 65.92M 69.84M
Weighted Average Basic & Diluted Shares Outstanding		 61.27M 61.52M 61.82M 62.18M 62.49M 62.81M 62.32M 61.89M 59.49M 59.54M 58.66M

Annual Cash Flow Statements for BlackLine

This table details how cash moves in and out of BlackLine's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -11 6.91 8.99 15 74 247 172 -339 70 615 -496
Net Cash From Operating Activities		 1.01 -4.81 6.42 16 30 55 80 56 127 191 170
Net Cash From Continuing Operating Activities		 1.01 -4.81 6.42 16 30 55 80 56 127 191 170
Net Income / (Loss) Continuing Operations		 -25 -26 -33 -29 -32 -39 -101 -34 59 168 27
Consolidated Net Income / (Loss)		 -25 -26 -33 -29 -32 -39 -101 -34 59 168 27
Depreciation Expense		 15 17 20 22 21 21 27 43 50 50 47
Amortization Expense		 0.00 0.00 0.04 -0.93 6.25 23 56 -3.36 -28 -14 -8.30
Non-Cash Adjustments To Reconcile Net Income		 8.51 11 20 21 39 54 77 86 83 25 99
Changes in Operating Assets and Liabilities, net		 2.49 -6.44 -0.28 2.28 -4.94 -3.74 21 -36 -37 -38 4.82
Net Cash From Investing Activities		 -12 -120 -7.03 -16 -408 174 -507 -396 -62 924 -425
Net Cash From Continuing Investing Activities		 -12 -120 -7.03 -16 -408 174 -507 -396 -62 924 -425
Purchase of Property, Plant & Equipment		 -12 -4.99 -8.63 -12 -9.69 -17 -23 -30 -28 -27 -35
Acquisitions		 0.00 -31 - 0.00 0.00 -122 0.00 -158 -11 0.00 -16
Purchase of Investments		 0.00 -83 -77 -123 -566 -266 -1,181 -1,600 -1,343 -396 -748
Sale and/or Maturity of Investments		 0.00 0.00 78 119 167 579 697 1,392 1,320 1,347 373
Net Cash From Financing Activities		 0.86 131 9.59 15 453 19 599 1.44 6.15 -500 -240
Net Cash From Continuing Financing Activities		 0.86 131 9.59 15 453 19 599 1.44 6.15 -500 -240
Repayment of Debt		 -0.53 -61 -0.55 -0.44 0.00 0.00 -432 0.00 0.00 -1,099 0.00
Repurchase of Common Equity		 -0.03 -4.37 -0.11 - - - - - 0.00 0.00 -236
Issuance of Debt		 0.00 34 0.00 0.00 487 0.00 1,129 0.00 0.00 662 0.00
Issuance of Common Equity		 0.00 159 0.00 4.32 5.30 6.97 11 7.00 8.01 7.01 7.17
Other Financing Activities, net		 1.42 2.86 10 11 -40 12 -109 -5.56 -1.86 -71 -12
Effect of Exchange Rate Changes		 - 0.00 0.00 0.27 0.26 0.22 -0.31 -0.62 -0.12 -0.35 -0.09
Cash Interest Paid		 0.63 8.65 0.01 0.00 0.00 0.60 0.51 0.31 0.31 3.82 6.75

Quarterly Cash Flow Statements for BlackLine

This table details how cash moves in and out of BlackLine's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 32 35 60 285 109 161 -406 -20 -40 -30 -148
Net Cash From Operating Activities		 37 42 50 41 56 44 47 32 64 27 46
Net Cash From Continuing Operating Activities		 37 41 50 41 56 43 47 32 64 27 46
Net Income / (Loss) Continuing Operations		 13 24 15 75 15 63 5.27 7.39 8.61 5.98 3.89
Consolidated Net Income / (Loss)		 13 24 15 75 15 63 5.27 7.39 8.61 5.98 3.89
Depreciation Expense		 13 13 13 13 13 12 11 11 12 12 12
Amortization Expense		 -7.84 -7.49 -7.16 -5.43 -1.90 0.52 -1.13 -2.55 -2.29 -2.33 -1.74
Non-Cash Adjustments To Reconcile Net Income		 22 16 20 -41 25 21 20 27 25 28 25
Changes in Operating Assets and Liabilities, net		 -3.13 -4.23 10 -0.47 5.67 -53 11 -11 21 -17 6.57
Net Cash From Investing Activities		 -11 -4.19 21 485 304 114 -399 -15 11 -22 97
Net Cash From Continuing Investing Activities		 -11 -4.19 21 485 304 114 -399 -15 11 -22 97
Purchase of Property, Plant & Equipment		 -5.62 -6.83 -6.75 -6.31 -6.51 -7.27 -14 -6.96 -6.79 -6.80 -11
Purchase of Investments		 -257 -361 -295 -101 - - -385 -92 -131 -140 -68
Sale and/or Maturity of Investments		 263 364 323 593 310 121 0.00 84 148 141 176
Net Cash From Financing Activities		 6.10 -3.25 -11 -241 -252 3.22 -54 -38 -114 -34 -291
Net Cash From Continuing Financing Activities		 6.10 -3.25 -11 -241 -252 3.22 -54 -38 -114 -34 -291
Repayment of Debt		 - - - - -250 - 0.00 - - - -230
Repurchase of Common Equity		 - - 0.00 - - - -45 -43 -112 -35 -46
Payment of Dividends		 - - - - - - 0.00 - - - -3.29
Other Financing Activities, net		 6.10 -5.97 -11 -59 -1.08 0.46 -8.86 0.83 -1.74 -1.97 -12
Effect of Exchange Rate Changes		 -0.06 0.15 -0.21 -0.21 0.48 -0.40 0.24 0.17 -0.15 -0.36 -0.14

Annual Balance Sheets for BlackLine

This table presents BlackLine's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 287 420 461 493 1,015 1,114 1,818 1,944 2,101 1,825 1,760
Total Current Assets		 48 164 188 222 723 674 1,348 1,250 1,407 1,092 1,025
Cash & Equivalents		 15 22 31 46 120 367 540 201 271 886 390
Short-Term Investments		 0.00 83 81 86 488 175 659 874 933 0.00 388
Accounts Receivable		 24 42 62 75 103 111 125 151 172 178 218
Prepaid Expenses		 2.80 6.61 14 14 13 20 24 24 31 28 29
Plant, Property, & Equipment, net		 12 11 13 14 13 13 16 20 15 12 13
Total Noncurrent Assets		 226 245 260 258 278 426 454 674 679 721 721
Goodwill		 163 185 185 185 185 290 290 444 449 449 466
Intangible Assets		 60 59 48 37 28 62 60 123 117 105 99
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - - 0.15 53 39
Other Noncurrent Operating Assets		 2.90 1.45 27 36 65 74 104 107 113 114 117
Total Liabilities & Shareholders' Equity		 287 420 461 493 1,015 1,114 1,818 1,944 2,101 1,825 1,760
Total Liabilities		 121 129 144 170 611 679 1,464 1,808 1,810 1,342 1,388
Total Current Liabilities		 74 108 134 159 207 242 323 368 643 422 695
Short-Term Debt		 2.01 2.01 2.01 2.01 2.01 7.94 16 8.00 249 0.00 230
Accounts Payable		 4.65 7.17 7.25 3.44 7.40 3.15 7.47 15 8.62 8.46 16
Accrued Expenses		 15 19 21 24 30 36 51 59 60 72 77
Current Deferred Revenue		 53 80 104 129 163 191 242 279 320 339 369
Other Current Liabilities		 - - - - 4.94 4.15 5.31 6.93 4.89 3.59 4.45
Total Noncurrent Liabilities		 46 21 9.19 11 404 437 1,141 1,440 1,167 920 693
Long-Term Debt		 28 - - 0.00 384 407 1,114 1,384 1,141 893 666
Noncurrent Deferred Revenue		 0.00 2.37 0.47 0.28 0.16 0.08 0.36 0.34 0.90 1.39 0.92
Noncurrent Deferred & Payable Income Tax Liabilities		 5.91 1.26 1.74 3.26 4.57 6.57 8.18 5.57 6.39 4.53 5.24
Other Noncurrent Operating Liabilities		 12 17 6.98 7.29 15 23 18 50 19 21 20
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - 0.00 4.39 4.91 13 29 24 30 36 39
Total Equity & Noncontrolling Interests		 166 291 317 319 399 422 325 112 261 447 332
Total Preferred & Common Equity		 166 291 317 319 399 422 325 112 261 447 332
Total Common Equity		 166 291 317 319 399 422 325 112 261 447 332
Common Stock		 215 379 420 452 562 623 626 386 475 496 357
Retained Earnings		 -48 -87 -103 -133 -164 -202 -302 -273 -215 -49 -25
Accumulated Other Comprehensive Income / (Loss)		 0.00 -0.04 -0.06 0.05 0.38 0.38 0.30 -1.47 0.21 -0.36 -0.30

Quarterly Balance Sheets for BlackLine

This table presents BlackLine's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,878 1,933 1,975 2,016 2,089 1,891 1,695 1,781 1,793 1,704 1,456
Total Current Assets		 1,177 1,243 1,284 1,319 1,404 1,210 1,013 1,043 1,056 984 732
Cash & Equivalents		 191 223 205 236 331 617 725 480 459 420 242
Short-Term Investments		 855 865 922 926 913 428 121 387 398 384 283
Accounts Receivable		 109 120 130 130 126 137 136 147 175 156 175
Prepaid Expenses		 22 35 28 27 33 28 30 30 24 24 32
Plant, Property, & Equipment, net		 21 19 17 15 13 12 11 14 14 13 13
Total Noncurrent Assets		 680 670 675 682 672 669 671 724 723 707 710
Goodwill		 444 444 444 449 449 449 449 449 449 449 466
Intangible Assets		 126 120 117 121 113 110 107 102 100 98 96
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - 54 56 45 38
Other Noncurrent Operating Assets		 110 106 114 112 110 110 115 118 118 116 111
Total Liabilities & Shareholders' Equity		 1,878 1,933 1,975 2,016 2,089 1,891 1,695 1,781 1,793 1,704 1,456
Total Liabilities		 1,775 1,787 1,773 1,773 1,775 1,533 1,298 1,327 1,344 1,337 1,118
Total Current Liabilities		 315 364 355 606 610 620 377 630 644 647 430
Short-Term Debt		 6.51 26 17 257 250 250 0.00 229 230 230 0.00
Accounts Payable		 5.53 4.57 7.90 4.80 1.56 2.08 3.93 3.96 12 10 5.85
Accrued Expenses		 51 49 45 61 47 52 68 63 57 76 59
Current Deferred Revenue		 245 277 280 278 307 311 301 331 342 325 360
Other Current Liabilities		 6.23 6.88 5.43 5.00 4.76 4.50 3.98 3.39 3.72 5.84 4.87
Total Noncurrent Liabilities		 1,461 1,423 1,418 1,167 1,165 913 920 697 700 690 688
Long-Term Debt		 1,383 1,386 1,387 1,140 1,142 891 892 664 665 665 667
Noncurrent Deferred Revenue		 0.42 0.74 0.64 0.70 2.35 1.98 1.20 1.27 0.80 0.57 0.45
Noncurrent Deferred & Payable Income Tax Liabilities		 5.27 5.49 5.62 6.02 5.25 5.02 4.85 4.34 4.80 4.66 4.59
Other Noncurrent Operating Liabilities		 72 31 24 20 16 15 22 27 29 20 17
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 25 29 26 28 34 32 30 36 35 38 32
Total Equity & Noncontrolling Interests		 78 117 176 216 280 326 368 418 414 328 306
Total Preferred & Common Equity		 78 117 176 216 280 326 368 418 414 328 306
Total Common Equity		 78 117 176 216 280 326 368 418 414 328 306
Common Stock		 364 397 430 456 481 452 480 462 452 359 328
Retained Earnings		 -283 -280 -252 -239 -200 -126 -112 -44 -37 -30 -21
Accumulated Other Comprehensive Income / (Loss)		 -3.08 -0.23 -1.53 -1.16 -0.49 -0.56 -0.12 -0.18 -0.17 -0.10 -0.63

Annual Metrics And Ratios for BlackLine

This table displays calculated financial ratios and metrics derived from BlackLine's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 61.79% 53.14% 37.15% 29.72% 26.86% 21.72% 21.03% 22.84% 12.82% 10.74% 7.21%
EBITDA Growth		 -143.27% 43.21% -19.35% 39.33% 95.54% 6,358.78% 87.22% -138.01% 315.57% 52.16% 16.14%
EBIT Growth		 -61.03% 17.51% -16.64% 11.99% 6.49% 28.70% -94.13% -45.54% 125.53% 29.19% 37.85%
NOPAT Growth		 -91.50% 33.41% -31.17% 1.88% 6.49% 28.70% -94.13% -45.54% 135.60% 78.07% -42.09%
Net Income Growth		 -47.65% -6.48% -26.85% 13.86% -11.71% -22.57% -156.32% 66.44% 274.26% 184.06% -83.75%
EPS Growth		 -45.24% -1.64% -3.23% 17.19% -11.32% -40.68% -137.35% 75.13% 265.31% 79.01% -73.10%
Operating Cash Flow Growth		 -88.75% -577.93% 233.61% 151.25% 84.16% 84.14% 46.33% -30.07% 126.04% 50.72% -11.15%
Free Cash Flow Firm Growth		 0.00% 88.74% -72.06% 81.84% -18.36% -1,519.68% 95.82% -3,466.70% 95.50% 222.04% 32.72%
Invested Capital Growth		 0.00% 3.82% 9.87% -6.60% -5.68% 68.54% -6.92% 58.56% 5.14% 2.86% -0.12%
Revenue Q/Q Growth		 0.00% 0.00% 5.89% 5.71% 6.62% 4.59% 4.83% 4.94% 2.75% 2.15% 2.00%
EBITDA Q/Q Growth		 0.00% 0.00% 2.17% -94.06% 94.98% 5.11% 5.05% 18.33% 24.92% 1.30% -3.70%
EBIT Q/Q Growth		 0.00% 0.00% -0.24% -16.41% 11.67% -14.08% -30.37% 25.73% 198.23% -26.25% 2.43%
NOPAT Q/Q Growth		 0.00% 0.00% -25.92% -16.41% 11.67% -14.08% -30.37% 25.73% 183.90% 6.33% -65.93%
Net Income Q/Q Growth		 0.00% 0.00% -5.30% -17.00% -0.02% -11.05% -24.45% 55.91% 30.36% 30.51% -67.84%
EPS Q/Q Growth		 0.00% 0.00% -6.67% -17.78% 0.00% -20.29% -20.12% 62.88% 26.56% 40.78% -64.86%
Operating Cash Flow Q/Q Growth		 0.00% -318.05% 394.27% 14.74% 12.92% 13.68% 10.05% 6.93% 14.90% 0.86% -9.17%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 75.25% 65.02% -22.48% -107.69% 3.51% 65.65% -80.58% -46.04%
Invested Capital Q/Q Growth		 0.00% 0.00% 9.95% -3.13% -9.71% 1.37% 0.30% 1.57% -0.36% 10.57% 6.93%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 72.81% 76.40% 76.43% 77.67% 79.59% 80.39% 77.01% 75.26% 75.12% 75.21% 75.25%
EBITDA Margin		 -24.51% -9.09% -7.91% -3.70% -0.13% 6.69% 10.35% -3.20% 6.12% 8.41% 9.11%
Operating Margin		 -41.64% -18.11% -17.32% -13.10% -9.65% -5.66% -9.07% -10.75% 2.43% 2.84% 3.65%
EBIT Margin		 -42.14% -22.70% -19.30% -13.10% -9.65% -5.66% -9.07% -10.75% 2.43% 2.84% 3.65%
Profit (Net Income) Margin		 -29.58% -20.57% -19.02% -12.63% -11.12% -11.20% -23.72% -6.48% 10.01% 25.68% 3.89%
Tax Burden Percent		 64.33% 75.26% 101.72% 103.87% 105.67% 101.81% 100.13% 71.48% 97.60% 134.54% 56.52%
Interest Burden Percent		 109.13% 120.41% 96.88% 92.85% 109.04% 194.56% 261.20% 84.36% 421.72% 672.73% 188.74%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.40% -34.54% 43.48%
Return on Invested Capital (ROIC)		 -26.89% -8.79% -10.78% -10.45% -10.41% -5.69% -9.12% -10.65% 3.01% 5.16% 2.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 -31.74% 14.14% 0.56% -3.90% -3.24% 8.90% 66.48% -6.28% 20.94% 153.84% 23.52%
Return on Net Nonoperating Assets (RNNOA)		 -2.88% -2.73% -0.20% 1.47% 1.57% -3.71% -16.50% -3.20% 24.67% 38.18% 3.43%
Return on Equity (ROE)		 -29.77% -11.51% -10.98% -8.98% -8.84% -9.40% -25.62% -13.85% 27.68% 43.34% 6.38%
Cash Return on Invested Capital (CROIC)		 -226.89% -12.54% -20.18% -3.62% -4.57% -56.74% -1.96% -55.95% -2.00% 2.35% 3.07%
Operating Return on Assets (OROA)		 -12.29% -8.22% -7.69% -6.25% -3.70% -1.87% -2.63% -2.99% 0.71% 0.94% 1.43%
Return on Assets (ROA)		 -8.63% -7.45% -7.58% -6.03% -4.26% -3.70% -6.89% -1.80% 2.92% 8.55% 1.52%
Return on Common Equity (ROCE)		 -29.77% -11.51% -10.98% -8.92% -8.73% -9.21% -24.28% -12.36% 24.18% 39.62% 5.81%
Return on Equity Simple (ROE_SIMPLE)		 -14.88% -9.04% -10.53% -9.01% -8.06% -9.34% -31.07% -30.30% 22.64% 37.56% 0.00%
Net Operating Profit after Tax (NOPAT)		 -24 -16 -21 -21 -20 -14 -27 -39 14 25 14
NOPAT Margin		 -29.15% -12.67% -12.12% -9.17% -6.76% -3.96% -6.35% -7.52% 2.37% 3.82% 2.06%
Net Nonoperating Expense Percent (NNEP)		 4.85% -22.93% -11.34% -6.54% -7.17% -14.60% -75.60% -4.37% -17.93% -148.68% -20.57%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -2.62% 0.85% 1.86% 1.18%
Cost of Revenue to Revenue		 27.19% 23.60% 23.57% 22.33% 20.41% 19.61% 22.99% 24.74% 24.88% 24.79% 24.75%
SG&A Expenses to Revenue		 25.03% 21.80% 20.95% 20.72% 19.40% 20.36% 20.32% 15.33% 12.12% 18.64% 16.95%
R&D to Revenue		 21.79% 16.50% 13.60% 13.50% 14.88% 16.05% 18.16% 20.82% 17.49% 15.46% 15.59%
Operating Expenses to Revenue		 114.45% 94.51% 93.75% 90.76% 89.25% 86.05% 86.08% 86.00% 72.69% 72.37% 71.60%
Earnings before Interest and Taxes (EBIT)		 -35 -29 -34 -30 -28 -20 -39 -56 14 19 26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -20 -12 -14 -8.43 -0.38 24 44 -17 36 55 64
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 4.86 5.46 7.01 7.20 18.09 18.68 35.95 14.66 8.50 9.90
Price to Tangible Book Value (P/TBV)		 0.00 29.78 20.51 22.99 15.43 109.10 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 11.06 9.87 9.82 9.93 21.71 14.27 7.69 6.48 5.81 4.70
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 72.41 23.56 134.15
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.38% 4.25% 0.75%
Enterprise Value to Invested Capital (EV/IC)		 0.00 6.98 7.85 10.94 14.56 24.50 21.12 9.63 8.48 7.84 7.04
Enterprise Value to Revenue (EV/Rev)		 0.00 10.26 9.24 9.27 9.18 21.38 14.17 8.34 6.85 5.88 4.92
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 319.62 136.95 0.00 111.95 69.91 54.02
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 281.65 207.16 134.86
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 288.57 153.98 238.62
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 252.64 130.83 89.23 137.42 75.34 77.88 31.92 20.12 20.32
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 338.65 228.98
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.18 0.01 0.01 0.01 0.96 0.95 3.20 10.26 4.78 1.85 2.41
Long-Term Debt to Equity		 0.17 0.00 0.00 0.00 0.95 0.94 3.15 10.20 3.92 1.85 1.79
Financial Leverage		 0.09 -0.19 -0.35 -0.38 -0.48 -0.42 -0.25 0.51 1.18 0.25 0.15
Leverage Ratio		 1.73 1.55 1.45 1.49 2.07 2.54 3.72 7.68 9.48 5.07 4.19
Compound Leverage Factor		 1.88 1.86 1.40 1.38 2.26 4.94 9.71 6.48 39.97 34.12 7.92
Debt to Total Capital		 15.41% 0.68% 0.63% 0.62% 48.91% 48.85% 76.17% 91.12% 82.69% 64.88% 70.69%
Short-Term Debt to Total Capital		 1.02% 0.68% 0.63% 0.62% 0.25% 0.93% 1.11% 0.52% 14.83% 0.00% 18.15%
Long-Term Debt to Total Capital		 14.39% 0.00% 0.00% 0.00% 48.66% 47.91% 75.06% 90.59% 67.86% 64.88% 52.55%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 1.35% 0.62% 1.47% 1.93% 1.56% 1.79% 2.65% 3.09%
Common Equity to Total Capital		 84.59% 99.32% 99.37% 98.04% 50.47% 49.68% 21.90% 7.32% 15.52% 32.47% 26.22%
Debt to EBITDA		 -1.48 -0.17 -0.14 -0.24 -1,027.53 17.63 25.66 -83.15 38.50 16.25 14.05
Net Debt to EBITDA		 -0.74 8.87 7.96 15.49 588.82 -5.42 -1.54 -18.95 5.14 0.12 1.85
Long-Term Debt to EBITDA		 -1.38 0.00 0.00 0.00 -1,022.19 17.30 25.29 -82.67 31.60 16.25 10.44
Debt to NOPAT		 -1.24 -0.12 -0.09 -0.10 -19.78 -29.80 -41.83 -35.39 99.24 35.80 62.05
Net Debt to NOPAT		 -0.62 6.36 5.19 6.25 11.34 9.17 2.52 -8.06 13.24 0.27 8.16
Long-Term Debt to NOPAT		 -1.16 0.00 0.00 0.00 -19.68 -29.23 -41.22 -35.19 81.45 35.80 46.12
Altman Z-Score		 0.00 6.53 7.21 7.94 3.40 7.22 3.10 1.86 1.87 2.49 2.07
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.68% 1.28% 2.08% 5.23% 10.74% 12.65% 8.60% 8.85%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.65 1.51 1.40 1.39 3.49 2.78 4.18 3.40 2.19 2.59 1.47
Quick Ratio		 0.53 1.36 1.30 1.30 3.43 2.70 4.10 3.33 2.14 2.52 1.43
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -206 -23 -40 -7.24 -8.57 -139 -5.79 -207 -9.29 11 15
Operating Cash Flow to CapEx		 8.13% -96.28% 74.47% 134.96% 306.69% 320.26% 344.26% 185.58% 458.79% 711.01% 489.07%
Free Cash Flow to Firm to Interest Expense		 -63.95 -3.90 -3,065.33 -1,809.30 -0.99 -5.95 -0.09 -35.32 -1.58 0.00 1.48
Operating Cash Flow to Interest Expense		 0.31 -0.81 494.15 4,035.00 3.44 2.35 1.27 9.57 21.47 0.00 16.71
Operating Cash Flow Less CapEx to Interest Expense		 -3.53 -1.65 -169.38 1,045.25 2.32 1.61 0.90 4.42 16.79 0.00 13.29
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.29 0.36 0.40 0.48 0.38 0.33 0.29 0.28 0.29 0.33 0.39
Accounts Receivable Turnover		 3.45 3.85 3.37 3.33 3.25 3.29 3.60 3.79 3.66 3.74 3.54
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 6.73 10.79 14.58 17.32 21.76 26.79 28.80 28.95 34.03 48.93 55.82
Accounts Payable Turnover		 4.89 5.11 5.74 9.51 10.88 13.07 18.43 11.53 12.45 18.96 14.46
Days Sales Outstanding (DSO)		 105.80 94.83 108.31 109.62 112.24 111.09 101.34 96.32 99.75 97.70 103.24
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 74.64 71.36 63.59 38.37 33.55 27.92 19.81 31.65 29.32 19.25 25.25
Cash Conversion Cycle (CCC)		 31.16 23.47 44.72 71.25 78.69 83.17 81.54 64.67 70.42 78.45 78.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 181 188 207 193 182 307 286 453 476 490 489
Invested Capital Turnover		 0.92 0.69 0.89 1.14 1.54 1.44 1.44 1.42 1.27 1.35 1.43
Increase / (Decrease) in Invested Capital		 181 6.93 19 -14 -11 125 -21 167 23 14 -0.61
Enterprise Value (EV)		 0.00 1,313 1,623 2,112 2,652 7,522 6,034 4,362 4,041 3,840 3,446
Market Capitalization		 0.00 1,417 1,734 2,238 2,869 7,637 6,073 4,021 3,826 3,797 3,289
Book Value per Share		 $4.09 $5.68 $6.00 $5.84 $7.16 $7.37 $5.54 $1.87 $4.26 $7.15 $5.59
Tangible Book Value per Share		 ($1.40) $0.93 $1.60 $1.78 $3.34 $1.22 ($0.42) ($7.61) ($4.98) ($1.72) ($3.91)
Total Capital		 196 293 319 326 790 850 1,484 1,528 1,681 1,376 1,268
Total Debt		 30 2.01 2.01 2.01 386 415 1,131 1,392 1,390 893 896
Total Long-Term Debt		 28 0.00 0.00 0.00 384 407 1,114 1,384 1,141 893 666
Net Debt		 15 -103 -111 -131 -221 -128 -68 317 185 6.76 118
Capital Expenditures (CapEx)		 12 4.99 8.63 12 9.69 17 23 30 28 27 35
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -39 -48 -56 -68 -89 -103 -157 -185 -190 -216 -218
Debt-free Net Working Capital (DFNWC)		 -24 57 56 65 518 440 1,042 890 1,014 670 560
Net Working Capital (NWC)		 -26 55 54 63 516 432 1,025 882 765 670 330
Net Nonoperating Expense (NNE)		 0.37 10 12 7.89 13 25 74 -5.45 -45 -143 -13
Net Nonoperating Obligations (NNO)		 15 -103 -111 -131 -221 -128 -68 317 185 6.76 118
Total Depreciation and Amortization (D&A)		 15 17 20 21 28 43 83 39 22 36 38
Debt-free, Cash-free Net Working Capital to Revenue		 -46.80% -37.40% -32.14% -29.87% -30.91% -29.25% -36.92% -35.44% -32.29% -33.02% -31.17%
Debt-free Net Working Capital to Revenue		 -28.61% 44.81% 31.97% 28.33% 179.40% 125.01% 244.66% 170.14% 171.86% 102.58% 79.93%
Net Working Capital to Revenue		 -31.02% 43.24% 30.83% 27.45% 178.70% 122.76% 240.80% 168.61% 129.62% 102.58% 47.09%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.92) ($0.73) ($0.52) ($0.59) ($0.83) $0.00 ($0.49) $0.87 $2.59 $0.40
Adjusted Weighted Average Basic Shares Outstanding		 0.00 51.28M 52.16M 53.91M 55.32M 56.83M 0.00 59.54M 60.85M 62.13M 61.43M
Adjusted Diluted Earnings per Share		 $0.00 ($0.92) ($0.73) ($0.52) ($0.59) ($0.83) $0.00 ($0.49) $0.81 $1.45 $0.39
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 51.28M 52.16M 53.91M 55.32M 56.83M 0.00 59.54M 72.05M 73.50M 65.92M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.92) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 42.50M 53.20M 54.96M 56.30M 57.79M 0.00 60.05M 61.52M 62.81M 59.54M
Normalized Net Operating Profit after Tax (NOPAT)		 -24 -16 -21 -21 -20 -14 -27 -37 25 14 23
Normalized NOPAT Margin		 -29.15% -12.67% -12.12% -9.17% -6.76% -3.96% -6.35% -7.01% 4.19% 2.17% 3.24%
Pre Tax Income Margin		 -45.99% -27.33% -18.70% -12.16% -10.53% -11.00% -23.69% -9.07% 10.26% 19.09% 6.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -10.96 -4.90 -2,607.62 -7,459.00 -3.23 -0.85 -0.61 -9.61 2.43 0.00 2.52
NOPAT to Interest Expense		 -7.58 -2.73 -1,637.41 -5,221.30 -2.26 -0.60 -0.43 -6.72 2.37 0.00 1.42
EBIT Less CapEx to Interest Expense		 -14.81 -5.74 -3,271.15 -10,448.75 -4.35 -1.59 -0.98 -14.77 -2.25 0.00 -0.90
NOPAT Less CapEx to Interest Expense		 -11.43 -3.58 -2,300.95 -8,211.05 -3.38 -1.33 -0.80 -11.88 -2.30 0.00 -1.99
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -0.12% -16.60% -0.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 864.16%

Quarterly Metrics And Ratios for BlackLine

This table displays calculated financial ratios and metrics derived from BlackLine's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 59,542,335.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 59,542,335.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.14
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.24% 11.27% 13.29% 11.02% 10.09% 8.82% 6.01% 7.18% 7.46% 8.10% 9.72%
EBITDA Growth		 134.58% 65.75% 176.47% -59.67% 382.99% 3.89% 92.55% 74.58% -12.48% -13.00% 19.54%
EBIT Growth		 94.99% 290.94% 111.42% -87.68% 878.68% -51.49% 104.52% 241.71% -9.02% 9.75% 74.41%
NOPAT Growth		 91.58% 239.46% 115.40% -87.97% 679.25% 153.60% 14.84% 96.93% -32.42% -88.18% 30.59%
Net Income Growth		 170.95% 130.99% 319.43% 167.08% 8.14% 161.70% -64.29% -90.14% -40.90% -90.58% -26.22%
EPS Growth		 155.88% 85.00% 185.00% -51.11% 42.11% 113.51% -41.18% -40.91% -66.67% -91.14% 30.00%
Operating Cash Flow Growth		 53.15% 63.74% 120.51% 65.77% 51.03% 3.85% -7.30% -20.52% 14.09% -39.08% -0.95%
Free Cash Flow Firm Growth		 81.13% 93.03% 389.73% 116.47% 227.07% 244.92% -263.89% -199.40% -122.64% -74.78% 121.85%
Invested Capital Growth		 7.17% 5.14% -2.08% -5.49% -7.31% 2.86% 4.49% 7.14% 3.27% -0.12% -0.34%
Revenue Q/Q Growth		 4.24% 3.33% 1.11% 1.93% 3.37% 2.14% -1.49% 3.05% 3.64% 2.74% -0.01%
EBITDA Q/Q Growth		 -82.84% 352.13% -60.12% 30.34% 105.53% -2.74% -26.09% 18.17% 3.04% -3.32% 1.55%
EBIT Q/Q Growth		 -105.99% 1,293.20% -86.36% 26.32% 278.76% -25.66% -42.50% 111.05% 0.85% -10.33% -8.62%
NOPAT Q/Q Growth		 -107.27% 1,041.80% -86.11% 26.43% 250.17% 312.32% -93.71% 116.80% 20.18% -27.86% -30.52%
Net Income Q/Q Growth		 -52.00% 80.02% -39.10% 407.51% -80.56% 335.63% -91.69% 40.14% 16.51% -30.54% -34.94%
EPS Q/Q Growth		 -57.78% 94.74% -54.05% 29.41% 22.73% 192.59% -87.34% 30.00% -30.77% -22.22% 85.71%
Operating Cash Flow Q/Q Growth		 50.81% 13.89% 19.58% -19.29% 37.40% -21.68% 6.73% -30.80% 97.25% -58.18% 73.52%
Free Cash Flow Firm Q/Q Growth		 -353.04% 65.67% 200.24% 148.58% 48.53% -60.85% -213.36% -50.77% 66.17% 143.63% -1.79%
Invested Capital Q/Q Growth		 -0.41% -0.36% -3.40% -1.41% -2.32% 10.57% -1.87% 1.09% -5.84% 6.93% -2.08%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 75.59% 75.85% 75.17% 74.86% 75.22% 75.56% 75.48% 75.22% 75.10% 75.19% 75.97%
EBITDA Margin		 2.66% 11.66% 4.60% 5.88% 11.69% 11.13% 8.35% 9.58% 9.52% 8.96% 9.10%
Operating Margin		 -0.71% 8.23% 1.11% 1.38% 5.04% 3.67% 2.14% 4.39% 4.27% 3.72% 3.40%
EBIT Margin		 -0.71% 8.23% 1.11% 1.38% 5.04% 3.67% 2.14% 4.39% 4.27% 3.72% 3.40%
Profit (Net Income) Margin		 8.94% 15.57% 9.38% 46.70% 8.78% 37.45% 3.16% 4.30% 4.83% 3.27% 2.12%
Tax Burden Percent		 117.49% 92.73% 94.44% 94.53% 87.40% 484.74% 53.03% 54.48% 64.92% 52.23% 39.71%
Interest Burden Percent		 -1,067.69% 204.08% 894.68% 3,591.30% 199.33% 210.60% 278.18% 179.81% 174.32% 167.84% 157.16%
Effective Tax Rate		 -17.49% 7.27% 5.56% 5.47% 12.60% -384.74% 46.97% 45.52% 35.08% 47.77% 60.29%
Return on Invested Capital (ROIC)		 -1.04% 9.69% 1.37% 1.74% 6.12% 24.05% 1.60% 3.43% 4.22% 2.78% 2.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.06% 14.61% 6.95% 40.80% 11.30% 58.75% 5.50% 8.37% 9.60% 6.66% 3.70%
Return on Net Nonoperating Assets (RNNOA)		 6.78% 17.21% 7.11% 27.16% 4.94% 14.58% 1.24% 1.38% 1.72% 0.97% 0.79%
Return on Equity (ROE)		 5.74% 26.90% 8.48% 28.90% 11.06% 38.63% 2.84% 4.81% 5.94% 3.75% 2.81%
Cash Return on Invested Capital (CROIC)		 -5.85% -2.00% 8.72% 8.88% 12.68% 2.35% 1.37% 2.42% 6.19% 3.07% 3.50%
Operating Return on Assets (OROA)		 -0.21% 2.40% 0.34% 0.44% 1.74% 1.22% 0.73% 1.61% 1.72% 1.46% 1.51%
Return on Assets (ROA)		 2.64% 4.54% 2.84% 15.09% 3.03% 12.47% 1.08% 1.57% 1.95% 1.28% 0.94%
Return on Common Equity (ROCE)		 4.87% 23.50% 7.32% 25.89% 10.07% 35.31% 2.58% 4.41% 5.41% 3.42% 2.57%
Return on Equity Simple (ROE_SIMPLE)		 21.00% 0.00% 28.79% 39.12% 34.94% 0.00% 37.87% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.26 12 1.65 2.09 7.31 30 1.90 4.11 4.94 3.56 2.48
NOPAT Margin		 -0.84% 7.63% 1.05% 1.30% 4.41% 17.78% 1.14% 2.39% 2.77% 1.95% 1.35%
Net Nonoperating Expense Percent (NNEP)		 -5.10% -4.92% -5.58% -39.06% -5.19% -34.70% -3.90% -4.94% -5.38% -3.88% -1.68%
Return On Investment Capital (ROIC_SIMPLE)		 - 0.72% - - - 2.25% 0.14% 0.31% 0.40% 0.29% 0.25%
Cost of Revenue to Revenue		 24.41% 24.15% 24.83% 25.14% 24.78% 24.44% 24.52% 24.78% 24.90% 24.81% 24.03%
SG&A Expenses to Revenue		 11.96% 15.85% 19.08% 19.35% 17.01% 19.17% 16.98% 16.36% 16.38% 18.04% 18.15%
R&D to Revenue		 17.73% 14.50% 15.89% 16.02% 15.46% 14.51% 15.41% 16.26% 15.33% 15.38% 16.69%
Operating Expenses to Revenue		 76.30% 67.62% 74.06% 73.49% 70.18% 71.89% 73.34% 70.84% 70.84% 71.46% 72.57%
Earnings before Interest and Taxes (EBIT)		 -1.07 13 1.75 2.21 8.36 6.22 3.58 7.55 7.61 6.82 6.24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4.02 18 7.24 9.44 19 19 14 16 17 16 17
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 15.68 14.66 14.14 9.19 9.32 8.50 7.28 8.52 10.01 9.90 7.20
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 5.89 6.48 6.50 4.80 5.36 5.81 4.59 5.23 4.79 4.70 3.07
Price to Earnings (P/E)		 80.41 72.41 52.29 24.65 27.03 23.56 19.45 40.10 43.21 134.15 82.86
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.24% 1.38% 1.91% 4.06% 3.70% 4.25% 5.14% 2.49% 2.31% 0.75% 1.21%
Enterprise Value to Invested Capital (EV/IC)		 7.63 8.48 8.99 6.88 7.91 7.84 6.46 7.41 7.46 7.04 4.96
Enterprise Value to Revenue (EV/Rev)		 6.35 6.85 6.80 5.00 5.48 5.88 4.68 5.34 4.97 4.92 3.32
Enterprise Value to EBITDA (EV/EBITDA)		 126.13 111.95 78.35 80.40 64.62 69.91 50.37 52.44 51.56 54.02 35.73
Enterprise Value to EBIT (EV/EBIT)		 757.62 281.65 131.72 198.95 139.39 207.16 152.45 140.10 136.92 134.86 84.23
Enterprise Value to NOPAT (EV/NOPAT)		 738.91 288.57 134.48 206.91 149.38 153.98 114.63 82.29 80.57 238.62 156.52
Enterprise Value to Operating Cash Flow (EV/OCF)		 33.08 31.92 26.83 18.34 18.52 20.12 16.59 20.14 18.30 20.32 14.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 102.02 75.36 60.01 338.65 482.13 316.41 122.46 228.98 141.42
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 5.73 4.78 4.43 3.19 2.24 1.85 1.97 1.99 2.44 2.41 1.98
Long-Term Debt to Equity		 4.68 3.92 3.64 2.49 2.24 1.85 1.46 1.48 1.82 1.79 1.98
Financial Leverage		 1.67 1.18 1.02 0.67 0.44 0.25 0.23 0.16 0.18 0.15 0.21
Leverage Ratio		 11.25 9.48 8.74 6.90 5.79 5.07 5.04 4.57 4.45 4.19 4.09
Compound Leverage Factor		 -120.13 19.34 78.24 247.72 11.54 10.68 14.03 8.21 7.75 7.04 6.43
Debt to Total Capital		 85.15% 82.69% 81.60% 76.12% 69.17% 64.88% 66.32% 66.57% 70.95% 70.69% 66.39%
Short-Term Debt to Total Capital		 15.67% 14.83% 14.64% 16.67% 0.00% 0.00% 17.03% 17.09% 18.21% 18.15% 0.00%
Long-Term Debt to Total Capital		 69.48% 67.86% 66.96% 59.45% 69.17% 64.88% 49.30% 49.48% 52.74% 52.55% 66.39%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.70% 1.79% 1.99% 2.14% 2.30% 2.65% 2.66% 2.61% 3.03% 3.09% 3.14%
Common Equity to Total Capital		 13.15% 15.52% 16.41% 21.74% 28.53% 32.47% 31.02% 30.82% 26.02% 26.22% 30.47%
Debt to EBITDA		 48.32 38.50 26.35 29.37 16.45 16.25 14.50 13.03 13.51 14.05 10.02
Net Debt to EBITDA		 8.11 5.14 2.77 2.47 0.84 0.12 0.44 0.54 1.37 1.85 2.13
Long-Term Debt to EBITDA		 39.43 31.60 21.62 22.94 16.45 16.25 10.78 9.68 10.04 10.44 10.02
Debt to NOPAT		 283.09 99.24 45.22 75.59 38.02 35.80 32.99 20.44 21.12 62.05 43.91
Net Debt to NOPAT		 47.53 13.24 4.76 6.35 1.94 0.27 1.00 0.84 2.15 8.16 9.33
Long-Term Debt to NOPAT		 231.01 81.45 37.11 59.03 38.02 35.80 24.52 15.19 15.70 46.12 43.91
Altman Z-Score		 1.69 1.86 1.95 1.79 2.34 2.47 2.00 2.21 2.10 2.04 1.92
Noncontrolling Interest Sharing Ratio		 15.14% 12.65% 13.71% 10.41% 8.96% 8.60% 9.08% 8.31% 8.88% 8.85% 8.52%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.18 2.19 2.30 1.95 2.69 2.59 1.66 1.64 1.52 1.47 1.70
Quick Ratio		 2.13 2.14 2.25 1.91 2.60 2.52 1.61 1.60 1.48 1.43 1.63
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -33 -11 11 28 42 17 -19 -28 -9.56 4.17 4.10
Operating Cash Flow to CapEx		 659.18% 617.14% 747.15% 644.57% 859.23% 602.48% 331.08% 464.73% 939.20% 392.35% 439.74%
Free Cash Flow to Firm to Interest Expense		 -22.32 -7.69 7.79 0.00 15.78 6.55 -7.43 -11.16 -3.76 1.64 1.64
Operating Cash Flow to Interest Expense		 24.87 28.42 34.33 0.00 20.89 17.36 18.53 12.77 25.07 10.47 18.56
Operating Cash Flow Less CapEx to Interest Expense		 21.09 23.81 29.73 0.00 18.46 14.48 12.94 10.02 22.40 7.80 14.34
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.29 0.29 0.30 0.32 0.34 0.33 0.34 0.37 0.40 0.39 0.44
Accounts Receivable Turnover		 4.80 3.66 4.95 4.67 4.79 3.74 4.87 4.32 4.70 3.54 4.46
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 31.97 34.03 38.00 43.36 49.34 48.93 48.49 52.61 58.04 55.82 52.64
Accounts Payable Turnover		 27.58 12.45 49.15 30.83 36.23 18.96 59.40 24.42 23.57 14.46 36.00
Days Sales Outstanding (DSO)		 76.04 99.75 73.79 78.11 76.18 97.70 74.95 84.56 77.63 103.24 81.87
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 13.23 29.32 7.43 11.84 10.08 19.25 6.14 14.95 15.48 25.25 10.14
Cash Conversion Cycle (CCC)		 62.81 70.42 66.37 66.27 66.10 78.45 68.81 69.62 62.14 78.00 71.73
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 478 476 460 454 443 490 481 486 458 489 479
Invested Capital Turnover		 1.24 1.27 1.31 1.34 1.39 1.35 1.41 1.44 1.52 1.43 1.49
Increase / (Decrease) in Invested Capital		 32 23 -9.79 -26 -35 14 21 32 15 -0.61 -1.62
Enterprise Value (EV)		 3,645 4,041 4,137 3,123 3,504 3,840 3,104 3,601 3,416 3,446 2,376
Market Capitalization		 3,383 3,826 3,957 2,995 3,428 3,797 3,041 3,529 3,286 3,289 2,203
Book Value per Share		 $3.54 $4.26 $4.54 $5.27 $5.92 $7.15 $6.65 $6.64 $5.30 $5.59 $5.14
Tangible Book Value per Share		 ($5.81) ($4.98) ($4.57) ($3.77) ($3.02) ($1.72) ($2.12) ($2.16) ($3.53) ($3.91) ($4.30)
Total Capital		 1,640 1,681 1,705 1,499 1,289 1,376 1,347 1,343 1,262 1,268 1,004
Total Debt		 1,396 1,390 1,391 1,141 892 893 894 894 895 896 667
Total Long-Term Debt		 1,140 1,141 1,142 891 892 893 664 665 665 666 667
Net Debt		 234 185 146 96 46 6.76 27 37 91 118 142
Capital Expenditures (CapEx)		 5.62 6.83 6.75 6.31 6.51 7.27 14 6.96 6.79 6.80 11
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -192 -190 -202 -205 -210 -216 -224 -215 -237 -218 -223
Debt-free Net Working Capital (DFNWC)		 970 1,014 1,043 840 636 670 642 642 567 560 302
Net Working Capital (NWC)		 713 765 794 591 636 670 413 412 337 330 302
Net Nonoperating Expense (NNE)		 -15 -12 -13 -73 -7.26 -33 -3.38 -3.28 -3.67 -2.42 -1.42
Net Nonoperating Obligations (NNO)		 234 185 146 96 46 6.76 27 37 91 118 142
Total Depreciation and Amortization (D&A)		 5.09 5.34 5.49 7.23 11 13 10 8.93 9.36 9.59 10
Debt-free, Cash-free Net Working Capital to Revenue		 -33.40% -32.29% -33.12% -32.78% -32.89% -33.02% -33.80% -31.95% -34.58% -31.17% -31.08%
Debt-free Net Working Capital to Revenue		 168.96% 171.86% 171.47% 134.60% 99.42% 102.58% 96.93% 95.20% 82.53% 79.93% 42.19%
Net Working Capital to Revenue		 124.22% 129.62% 130.46% 94.58% 99.42% 102.58% 62.32% 61.15% 49.06% 47.09% 42.19%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.20 $0.36 $0.18 $1.24 $0.28 $0.89 $0.10 $0.13 $0.09 $0.08 $0.14
Adjusted Weighted Average Basic Shares Outstanding		 61.10M 60.85M 61.64M 61.98M 62.25M 62.13M 62.82M 62.14M 61.16M 61.43M 59.44M
Adjusted Diluted Earnings per Share		 $0.19 $0.37 $0.17 $0.22 $0.27 $0.79 $0.10 $0.13 $0.09 $0.07 $0.13
Adjusted Weighted Average Diluted Shares Outstanding		 72.10M 72.05M 72.89M 72.52M 73.97M 73.50M 64.84M 64.00M 63.20M 65.92M 69.84M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 61.27M 61.52M 61.82M 62.18M 62.49M 62.81M 62.32M 61.89M 59.49M 59.54M 58.66M
Normalized Net Operating Profit after Tax (NOPAT)		 5.31 13 2.07 2.96 7.62 4.35 4.71 4.68 6.41 6.71 5.55
Normalized NOPAT Margin		 3.53% 8.32% 1.31% 1.85% 4.59% 2.56% 2.82% 2.72% 3.60% 3.66% 3.03%
Pre Tax Income Margin		 7.61% 16.79% 9.93% 49.40% 10.05% 7.73% 5.96% 7.89% 7.44% 6.25% 5.35%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.72 8.64 1.19 0.00 3.12 2.46 1.42 2.98 2.99 2.68 2.50
NOPAT to Interest Expense		 -0.85 8.01 1.12 0.00 2.73 11.94 0.75 1.62 1.94 1.40 0.99
EBIT Less CapEx to Interest Expense		 -4.49 4.03 -3.40 0.00 0.69 -0.42 -4.18 0.23 0.32 0.01 -1.72
NOPAT Less CapEx to Interest Expense		 -4.62 3.40 -3.47 0.00 0.30 9.06 -4.85 -1.13 -0.73 -1.27 -3.23
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 864.16% 912.43%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, trend-focused recap of BlackLine (BL) using the company’s quarterly data from the last four years. The emphasis is on revenue, profitability, cash flow, and balance-sheet dynamics to help retail investors gauge the trajectory and financial health of the business.

  • Operating revenue in Q4 2025 was $183.181 million, up about 8% year over year from Q4 2024 ($169.46 million), signaling solid top-line growth into 2025.
  • In 2025, BlackLine showed consistent quarterly revenue growth: Q1 2025 $166.931m, Q2 2025 $172.025m, Q3 2025 $178.29m, Q4 2025 $183.181m.
  • Operating cash flow remained positive across all four quarters of 2025, with net cash from continuing operating activities: Q1 $46.712m, Q2 $32.375m, Q3 $63.778m, Q4 $26.71m.
  • Liquidity appeared solid in mid-2025. For example, in Q3 2025 total current assets were about $983.8 million and total current liabilities about $646.9 million, implying a current ratio near 1.5x.
  • Gross profit remained robust (Q4 2025 gross profit $137.731 million on revenue $183.181 million), with a margin in the mid-70s percent range and little sign of a dramatic margin shift versus prior year levels.
  • Non-cash adjustments to reconcile net income were sizable in multiple quarters (e.g., Q4 2025: $27.693 million; Q3 2025: $24.971 million), indicating meaningful accrual-related items that don’t translate to cash.
  • Net income attributed to common shareholders declined sharply in Q4 2025 to $4.887 million from $56.417 million in Q4 2024, largely due to the absence of a large 2024 tax benefit and higher expenses.
  • Cash and cash equivalents declined year over year, falling from about $630.1 million at the end of 2024 to roughly $420 million by late 2025, signaling a reduction in cash liquidity despite ongoing cash flow generation.
  • Investing activities in 2025 were a notable cash outflow, including large purchases of investments (and related equity repurchases in certain quarters), which weighed on annual cash position even as operating cash flow remained positive.
05/26/26 09:56 AM ETAI Generated. May Contain Errors.

BlackLine Financials - Frequently Asked Questions

According to the most recent income statement we have on file, BlackLine's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

BlackLine's net income appears to be on a downward trend, with a most recent value of $27.26 million in 2025, falling from -$24.73 million in 2015. The previous period was $167.77 million in 2024. See where experts think BlackLine is headed by visiting BlackLine's forecast page.

BlackLine's total operating income in 2025 was $25.55 million, based on the following breakdown:
  • Total Gross Profit: $527.04 million
  • Total Operating Expenses: $501.49 million

Over the last 10 years, BlackLine's total revenue changed from $83.61 million in 2015 to $700.43 million in 2025, a change of 737.8%.

BlackLine's total liabilities were at $1.39 billion at the end of 2025, a 3.4% increase from 2024, and a 1,051.1% increase since 2015.

In the past 10 years, BlackLine's cash and equivalents has ranged from $15.21 million in 2015 to $885.92 million in 2024, and is currently $390.03 million as of their latest financial filing in 2025.

Over the last 10 years, BlackLine's book value per share changed from 4.09 in 2015 to 5.59 in 2025, a change of 36.4%.


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Financial statements for NASDAQ:BL last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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