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Blackline Inc Financials

BL
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Blackline Inc (BL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 38 / 100
Financial Profile 38/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
30

Blackline Inc has an operating margin of 3.6%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is up from 2.8% the prior year.

Growth
45

Blackline Inc's revenue grew 7.2% year-over-year to $700.4M, a solid pace of expansion. This earns a growth score of 45/100.

Leverage
17

Blackline Inc has elevated debt relative to equity (D/E of 4.18), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 17/100, reflecting increased financial risk.

Liquidity
25

Blackline Inc's current ratio of 1.47 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 25/100, which could limit financial flexibility.

Cash Flow
83

Blackline Inc converts 23.1% of revenue into free cash flow ($161.5M). This strong cash generation earns a score of 83/100.

Returns
28

Blackline Inc generates a 7.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is down from 36.1% the prior year.

Altman Z-Score Distress
1.60

Blackline Inc scores 1.60, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.2B) relative to total liabilities ($1.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
6/9

Blackline Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
6.92x

For every $1 of reported earnings, Blackline Inc generates $6.92 in operating cash flow ($169.6M OCF vs $24.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
2.5x

Blackline Inc earns $2.5 in operating income for every $1 of interest expense ($25.6M vs $10.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$700.4M
YoY+7.2%
5Y CAGR+14.8%
10Y CAGR+23.7%

Blackline Inc generated $700.4M in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.

EBITDA
$72.1M
YoY+4.7%
5Y CAGR+135.2%

Blackline Inc's EBITDA was $72.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.7% from the prior year.

Net Income
$24.5M
YoY-84.8%

Blackline Inc reported $24.5M in net income in fiscal year 2025. This represents a decrease of 84.8% from the prior year.

EPS (Diluted)
$0.39
YoY-73.1%

Blackline Inc earned $0.39 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 73.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$161.5M
YoY-14.4%
5Y CAGR+27.3%

Blackline Inc generated $161.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 14.4% from the prior year.

Cash & Debt
$390.0M
YoY-56.0%
5Y CAGR+1.2%
10Y CAGR+38.3%

Blackline Inc held $390.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
60M
YoY-4.7%
5Y CAGR+0.8%
10Y CAGR+3.9%

Blackline Inc had 60M shares outstanding in fiscal year 2025. This represents a decrease of 4.7% from the prior year.

Margins & Returns

Gross Margin
75.3%
YoY+0.0pp
5Y CAGR-5.1pp
10Y CAGR+2.4pp

Blackline Inc's gross margin was 75.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.

Operating Margin
3.6%
YoY+0.8pp
5Y CAGR+9.3pp
10Y CAGR+45.3pp

Blackline Inc's operating margin was 3.6% in fiscal year 2025, reflecting core business profitability. This is up 0.8 percentage points from the prior year.

Net Margin
3.5%
YoY-21.2pp
5Y CAGR+16.8pp
10Y CAGR+33.1pp

Blackline Inc's net profit margin was 3.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 21.2 percentage points from the prior year.

Return on Equity
7.4%
YoY-28.7pp
5Y CAGR+18.5pp
10Y CAGR+21.8pp

Blackline Inc's ROE was 7.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 28.7 percentage points from the prior year.

Capital Allocation

R&D Spending
$109.2M
YoY+8.1%
5Y CAGR+14.1%
10Y CAGR+19.6%

Blackline Inc invested $109.2M in research and development in fiscal year 2025. This represents an increase of 8.1% from the prior year.

Share Buybacks
$235.5M
10Y CAGR+146.0%

Blackline Inc spent $235.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$8.1M
YoY+279.8%
5Y CAGR+4.4%
10Y CAGR-2.2%

Blackline Inc invested $8.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 279.8% from the prior year.

BL Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $183.2M+2.7% $178.3M+3.6% $172.0M+3.1% $166.9M-1.5% $169.5M+2.1% $165.9M+3.4% $160.5M+1.9% $157.5M
Cost of Revenue $45.5M+2.4% $44.4M+4.1% $42.6M+4.1% $40.9M-1.2% $41.4M+0.7% $41.1M+1.9% $40.3M+3.2% $39.1M
Gross Profit $137.7M+2.9% $133.9M+3.5% $129.4M+2.7% $126.0M-1.6% $128.0M+2.6% $124.8M+3.9% $120.2M+1.5% $118.4M
R&D Expenses $28.2M+3.1% $27.3M-2.3% $28.0M+8.7% $25.7M+4.6% $24.6M-4.1% $25.6M-0.3% $25.7M+2.8% $25.0M
SG&A Expenses $33.0M+13.2% $29.2M+3.8% $28.1M-0.7% $28.3M-12.7% $32.5M+15.1% $28.2M-9.1% $31.1M+3.4% $30.0M
Operating Income $6.8M-10.3% $7.6M+0.8% $7.5M+111.0% $3.6M-42.5% $6.2M-25.7% $8.4M+278.8% $2.2M+26.3% $1.7M
Interest Expense $2.5M+0.2% $2.5M+0.5% $2.5M+0.4% $2.5M0.0% $2.5M-5.8% $2.7M+28.1% $2.1M+42.2% $1.5M
Income Tax $5.5M+17.6% $4.7M-24.7% $6.2M+32.2% $4.7M+109.3% -$50.4M-2497.6% $2.1M-51.6% $4.3M+399.1% $869K
Net Income $4.9M-7.5% $5.3M-36.3% $8.3M+36.9% $6.1M-89.3% $56.4M+227.3% $17.2M-77.5% $76.7M+608.2% $10.8M
EPS (Diluted) N/A $0.09-30.8% $0.13+30.0% $0.10 N/A $0.27+22.7% $0.22+29.4% $0.17

BL Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $1.8B+3.3% $1.7B-5.0% $1.8B+0.6% $1.8B-2.4% $1.8B+7.7% $1.7B-10.3% $1.9B-9.5% $2.1B
Current Assets $1.0B+4.2% $983.8M-6.9% $1.1B+1.2% $1.0B-4.5% $1.1B+7.8% $1.0B-16.3% $1.2B-13.8% $1.4B
Cash & Equivalents $390.0M-7.1% $419.9M-8.5% $459.1M-4.3% $479.5M-45.9% $885.9M+22.2% $725.3M+17.6% $616.6M+86.1% $331.4M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $218.1M+40.2% $155.6M-11.1% $175.0M+19.4% $146.6M-17.7% $178.1M+30.5% $136.5M-0.7% $137.4M+9.4% $125.6M
Goodwill $465.8M+3.8% $449.0M0.0% $449.0M0.0% $449.0M0.0% $449.0M0.0% $449.0M0.0% $449.0M0.0% $449.0M
Total Liabilities $1.4B+3.8% $1.3B-0.5% $1.3B+1.2% $1.3B-1.1% $1.3B+3.4% $1.3B-15.3% $1.5B-13.6% $1.8B
Current Liabilities $695.4M+7.5% $646.9M+0.5% $643.8M+2.1% $630.3M+49.3% $422.2M+11.9% $377.3M-39.1% $619.7M+1.6% $609.9M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $332.3M+1.2% $328.3M-20.7% $414.0M-0.9% $417.9M-6.4% $446.7M+21.4% $367.9M+12.9% $325.8M+16.4% $279.8M
Retained Earnings -$24.8M+18.4% -$30.4M+18.6% -$37.4M+15.3% -$44.1M+10.0% -$49.0M+56.2% -$111.8M+11.3% -$126.0M+37.1% -$200.5M

BL Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $26.7M-58.2% $63.8M+97.2% $32.3M-30.8% $46.7M+6.7% $43.8M-21.7% $55.9M+37.4% $40.7M-19.3% $50.4M
Capital Expenditures $623K+16.7% $534K-44.7% $966K-83.8% $6.0M+687.2% $756K+91.9% $394K-41.8% $677K+126.4% $299K
Free Cash Flow $26.1M-58.8% $63.3M+101.6% $31.4M-23.1% $40.8M-5.2% $43.0M-22.5% $55.5M+38.7% $40.0M-20.2% $50.1M
Investing Cash Flow -$21.8M-307.0% $10.5M+170.3% -$15.0M+96.2% -$399.0M-450.0% $114.0M-62.5% $304.0M-37.4% $485.4M+2212.7% $21.0M
Financing Cash Flow -$34.2M+69.9% -$113.7M-199.9% -$37.9M+30.2% -$54.3M-1786.2% $3.2M+101.3% -$251.7M-4.6% -$240.7M-2103.2% -$10.9M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $34.8M-68.9% $111.9M+158.3% $43.3M-4.7% $45.5M $0 $0 $0 $0

BL Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 75.2%+0.1pp 75.1%-0.1pp 75.2%-0.3pp 75.5%-0.1pp 75.6%+0.3pp 75.2%+0.4pp 74.9%-0.3pp 75.2%
Operating Margin 3.7%-0.6pp 4.3%-0.1pp 4.4%+2.3pp 2.1%-1.5pp 3.7%-1.4pp 5.0%+3.7pp 1.4%+0.3pp 1.1%
Net Margin 2.7%-0.3pp 3.0%-1.9pp 4.8%+1.2pp 3.6%-29.7pp 33.3%+22.9pp 10.4%-37.4pp 47.8%+40.9pp 6.9%
Return on Equity 1.5%-0.1pp 1.6%-0.4pp 2.0%+0.5pp 1.5%-11.2pp 12.6%+7.9pp 4.7%-18.9pp 23.5%+19.7pp 3.9%
Return on Assets 0.3%-0.0pp 0.3%-0.1pp 0.5%+0.1pp 0.3%-2.8pp 3.1%+2.1pp 1.0%-3.0pp 4.1%+3.5pp 0.5%
Current Ratio 1.47-0.0 1.52-0.1 1.64-0.0 1.66-0.9 2.59-0.1 2.69+0.7 1.95-0.3 2.30
Debt-to-Equity 4.18+0.1 4.07+0.8 3.25+0.1 3.18+0.2 3.00-0.5 3.53-1.2 4.71-1.6 6.34
FCF Margin 14.2%-21.3pp 35.5%+17.2pp 18.2%-6.2pp 24.4%-1.0pp 25.4%-8.1pp 33.5%+8.5pp 24.9%-6.9pp 31.8%

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Frequently Asked Questions

Blackline Inc (BL) reported $700.4M in total revenue for fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Blackline Inc (BL) revenue grew by 7.2% year-over-year, from $653.3M to $700.4M in fiscal year 2025.

Yes, Blackline Inc (BL) reported a net income of $24.5M in fiscal year 2025, with a net profit margin of 3.5%.

Blackline Inc (BL) reported diluted earnings per share of $0.39 for fiscal year 2025. This represents a -73.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Blackline Inc (BL) had EBITDA of $72.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Blackline Inc (BL) had a gross margin of 75.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Blackline Inc (BL) had an operating margin of 3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Blackline Inc (BL) had a net profit margin of 3.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Blackline Inc (BL) has a return on equity of 7.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Blackline Inc (BL) generated $161.5M in free cash flow during fiscal year 2025. This represents a -14.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Blackline Inc (BL) generated $169.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Blackline Inc (BL) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.

Blackline Inc (BL) invested $8.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Blackline Inc (BL) invested $109.2M in research and development during fiscal year 2025.

Yes, Blackline Inc (BL) spent $235.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Blackline Inc (BL) had 60M shares outstanding as of fiscal year 2025.

Blackline Inc (BL) had a current ratio of 1.47 as of fiscal year 2025, which is considered adequate.

Blackline Inc (BL) had a debt-to-equity ratio of 4.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Blackline Inc (BL) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Blackline Inc (BL) has an Altman Z-Score of 1.60, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Blackline Inc (BL) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Blackline Inc (BL) has an earnings quality ratio of 6.92x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Blackline Inc (BL) has an interest coverage ratio of 2.5x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Blackline Inc (BL) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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