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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
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.
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.
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.
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.
Blackline Inc converts 23.1% of revenue into free cash flow ($161.5M). This strong cash generation earns a score of 83/100.
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.
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.
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.
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.
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
Earnings & Revenue
Blackline Inc generated $700.4M in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.
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.
Blackline Inc reported $24.5M in net income in fiscal year 2025. This represents a decrease of 84.8% from the prior year.
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
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.
Blackline Inc held $390.0M in cash against $0 in long-term debt as of fiscal year 2025.
Blackline Inc had 60M shares outstanding in fiscal year 2025. This represents a decrease of 4.7% from the prior year.
Margins & Returns
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.
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.
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.
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
Blackline Inc invested $109.2M in research and development in fiscal year 2025. This represents an increase of 8.1% from the prior year.
Blackline Inc spent $235.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
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
What is Blackline Inc's annual revenue?
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.
How fast is Blackline Inc's revenue growing?
Blackline Inc (BL) revenue grew by 7.2% year-over-year, from $653.3M to $700.4M in fiscal year 2025.
Is Blackline Inc profitable?
Yes, Blackline Inc (BL) reported a net income of $24.5M in fiscal year 2025, with a net profit margin of 3.5%.
What is Blackline Inc's EBITDA?
Blackline Inc (BL) had EBITDA of $72.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Blackline Inc's gross margin?
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.
What is Blackline Inc's operating margin?
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.
What is Blackline Inc's net profit margin?
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.
What is Blackline Inc's return on equity (ROE)?
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.
What is Blackline Inc's free cash flow?
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.
What is Blackline Inc's operating cash flow?
Blackline Inc (BL) generated $169.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Blackline Inc's total assets?
Blackline Inc (BL) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Blackline Inc's capital expenditures?
Blackline Inc (BL) invested $8.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Blackline Inc spend on research and development?
Blackline Inc (BL) invested $109.2M in research and development during fiscal year 2025.
What is Blackline Inc's current ratio?
Blackline Inc (BL) had a current ratio of 1.47 as of fiscal year 2025, which is considered adequate.
What is Blackline Inc's debt-to-equity ratio?
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.
What is Blackline Inc's return on assets (ROA)?
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.
What is Blackline Inc's Altman Z-Score?
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.
What is Blackline Inc's Piotroski F-Score?
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.
Are Blackline Inc's earnings high quality?
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.
Can Blackline Inc cover its interest payments?
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.
How financially healthy is Blackline Inc?
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.