Blackline Inc Financials

Key Financial Metrics

Revenue

$653.3M

YoY+10.7%

5Y CAGR+17.7%

10Y CAGR+28.9%

Blackline Inc generated $653.3M in revenue in fiscal year 2024. This represents an increase of 10.7% from the prior year.

EBITDA

$68.9M

YoY+6.9%

Blackline Inc's EBITDA was $68.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.9% from the prior year.

Free Cash Flow

$188.7M

YoY+56.4%

5Y CAGR+49.7%

10Y CAGR+38.0%

Blackline Inc generated $188.7M in free cash flow in fiscal year 2024, representing cash available after capital expenditures. This represents an increase of 56.4% from the prior year.

Net Income

$161.2M

YoY+205.1%

Blackline Inc reported $161.2M in net income in fiscal year 2024. This represents an increase of 205.1% from the prior year.

EPS (Diluted)

$1.45

YoY+79.0%

Blackline Inc earned $1.45 per diluted share in fiscal year 2024. This represents an increase of 79.0% from the prior year.

Cash & Debt

$885.9M

YoY+226.8%

5Y CAGR+49.1%

10Y CAGR+42.5%

Blackline Inc held $885.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

63M

YoY+2.1%

5Y CAGR+2.3%

Blackline Inc had 63M shares outstanding in fiscal year 2024. This represents an increase of 2.1% from the prior year.

Gross Margin

75.2%

YoY+0.1pp

5Y CAGR-4.4pp

10Y CAGR+7.3pp

Blackline Inc's gross margin was 75.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin

2.8%

YoY+0.4pp

5Y CAGR+12.5pp

10Y CAGR+38.0pp

Blackline Inc's operating margin was 2.8% in fiscal year 2024, reflecting core business profitability. This is up 0.4 percentage points from the prior year.

Net Margin

24.7%

YoY+15.7pp

5Y CAGR+35.9pp

10Y CAGR+57.1pp

Blackline Inc's net profit margin was 24.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 15.7 percentage points from the prior year.

Return on Equity

36.1%

YoY+15.8pp

Blackline Inc's return on equity was 36.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 15.8 percentage points from the prior year.

R&D Spending

$101.0M

YoY-2.2%

5Y CAGR+18.6%

10Y CAGR+26.4%

Blackline Inc invested $101.0M in research and development in fiscal year 2024. This represents a decrease of 2.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$2.1M

YoY-64.3%

5Y CAGR-14.4%

10Y CAGR+4.1%

Blackline Inc invested $2.1M in capital expenditures in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 64.3% from the prior year.

BL Income Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Revenue	$653.3M+10.7%	$590.0M+12.8%	$522.9M+22.8%	$425.7M+21.0%	$351.7M+21.7%	$289.0M
Cost of Revenue	$162.0M+10.3%	$146.8M+13.5%	$129.4M+32.2%	$97.9M+41.9%	$69.0M+17.0%	$59.0M
Gross Profit	$491.4M+10.9%	$443.2M+12.6%	$393.6M+20.0%	$327.8M+15.9%	$282.8M+22.9%	$230.0M
R&D Expenses	$101.0M-2.2%	$103.2M-5.2%	$108.9M+40.8%	$77.3M+36.9%	$56.5M+31.3%	$43.0M
SG&A Expenses	$121.8M+70.3%	$71.5M-10.8%	$80.2M-7.3%	$86.5M+20.8%	$71.6M+27.7%	$56.1M
Operating Income	$18.5M+29.2%	$14.3M+125.5%	-$56.2M-45.5%	-$38.6M-94.1%	-$19.9M+28.7%	-$27.9M
Interest Expense	$8.8M+48.5%	$5.9M+0.8%	$5.8M-90.7%	$62.9M+170.0%	$23.3M+169.5%	$8.7M
Income Tax	-$43.1M-3070.1%	$1.4M+110.7%	-$13.5M-10114.8%	$135K-80.8%	$702K-59.3%	$1.7M
Net Income	$161.2M+205.1%	$52.8M+279.8%	-$29.4M+74.5%	-$115.2M-145.5%	-$46.9M-44.2%	-$32.5M
EPS (Diluted)	$1.45+79.0%	$0.81+265.3%	$-0.49+75.1%	$-1.97-137.3%	$-0.83-40.7%	$-0.59

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$178.3M+3.6%	$172.0M+3.1%	$166.9M	N/A	$165.9M+3.4%	$160.5M+1.9%	$157.5M	N/A
Cost of Revenue	$44.4M+4.1%	$42.6M+4.1%	$40.9M	N/A	$41.1M+1.9%	$40.3M+3.2%	$39.1M	N/A
Gross Profit	$133.9M+3.5%	$129.4M+2.7%	$126.0M	N/A	$124.8M+3.9%	$120.2M+1.5%	$118.4M	N/A
R&D Expenses	$27.3M-2.3%	$28.0M+8.7%	$25.7M	N/A	$25.6M-0.3%	$25.7M+2.8%	$25.0M	N/A
SG&A Expenses	$29.2M+3.8%	$28.1M-0.7%	$28.3M	N/A	$28.2M-9.1%	$31.1M+3.4%	$30.0M	N/A
Operating Income	$7.6M+0.8%	$7.5M+111.0%	$3.6M	N/A	$8.4M+278.8%	$2.2M+26.3%	$1.7M	N/A
Interest Expense	$2.5M+0.5%	$2.5M+0.4%	$2.5M	N/A	$2.7M+28.1%	$2.1M+42.2%	$1.5M	N/A
Income Tax	$4.7M-24.7%	$6.2M+32.2%	$4.7M	N/A	$2.1M-51.6%	$4.3M+399.1%	$869K	N/A
Net Income	$5.3M-36.3%	$8.3M+36.9%	$6.1M	N/A	$17.2M-77.5%	$76.7M+608.2%	$10.8M	N/A
EPS (Diluted)	$0.09-30.8%	$0.13+30.0%	$0.10	N/A	$0.27+22.7%	$0.22+29.4%	$0.17	N/A

BL Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Total Assets	$1.8B-13.1%	$2.1B+8.1%	$1.9B+6.9%	$1.8B+63.2%	$1.1B+9.8%	$1.0B
Current Assets	$1.1B-22.4%	$1.4B+12.6%	$1.2B-7.3%	$1.3B+99.9%	$674.1M-6.8%	$723.4M
Cash & Equivalents	$885.9M+226.8%	$271.1M+34.9%	$201.0M-62.8%	$539.7M+46.9%	$367.4M+205.6%	$120.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$178.1M+3.8%	$171.6M+13.8%	$150.9M+20.6%	$125.1M+12.5%	$111.3M+8.2%	$102.8M
Goodwill	$449.0M0.0%	$449.0M+1.1%	$443.9M+53.2%	$289.7M0.0%	$289.7M+56.5%	$185.1M
Total Liabilities	$1.3B-25.9%	$1.8B+0.1%	$1.8B+23.5%	$1.5B+115.6%	$678.9M+11.1%	$611.0M
Current Liabilities	$422.2M-34.3%	$642.6M+74.7%	$367.8M+14.0%	$322.6M+33.1%	$242.3M+17.1%	$207.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$446.7M+71.2%	$260.9M+133.2%	$111.9M-65.6%	$325.0M-23.0%	$422.1M+5.9%	$398.6M
Retained Earnings	-$49.0M+77.2%	-$214.8M+21.3%	-$273.0M+9.5%	-$301.7M-49.6%	-$201.7M-23.3%	-$163.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$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-0.6%	$2.1B
Current Assets	$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-0.3%	$1.4B
Cash & Equivalents	$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+22.2%	$271.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$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-26.8%	$171.6M
Goodwill	$449.0M0.0%	$449.0M0.0%	$449.0M0.0%	$449.0M0.0%	$449.0M0.0%	$449.0M0.0%	$449.0M0.0%	$449.0M
Total Liabilities	$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-1.9%	$1.8B
Current Liabilities	$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-5.1%	$642.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$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+7.3%	$260.9M
Retained Earnings	-$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+6.7%	-$214.8M

BL Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Operating Cash Flow	$190.8M+50.7%	$126.6M+126.0%	$56.0M-30.1%	$80.1M+46.3%	$54.7M+84.1%	$29.7M
Capital Expenditures	$2.1M-64.3%	$6.0M-45.8%	$11.0M+25.7%	$8.7M+34.0%	$6.5M+40.6%	$4.6M
Free Cash Flow	$188.7M+56.4%	$120.7M+167.9%	$45.0M-36.9%	$71.4M+48.0%	$48.2M+92.2%	$25.1M
Investing Cash Flow	$924.4M+1579.5%	-$62.5M+84.2%	-$395.6M+22.0%	-$506.9M-392.0%	$173.6M+142.5%	-$408.4M
Financing Cash Flow	-$500.1M-8237.7%	$6.1M+328.0%	$1.4M-99.8%	$599.2M+3077.0%	$18.9M-95.8%	$452.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	$46.7M	N/A	N/A	N/A	$50.4M	N/A
Capital Expenditures	N/A	N/A	$6.0M	N/A	N/A	N/A	$299K	N/A
Free Cash Flow	N/A	N/A	$40.8M	N/A	N/A	N/A	$50.1M	N/A
Investing Cash Flow	N/A	N/A	-$399.0M	N/A	N/A	N/A	$21.0M	N/A
Financing Cash Flow	N/A	N/A	-$54.3M	N/A	N/A	N/A	-$10.9M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$45.5M	N/A	N/A	N/A	$0	N/A

BL Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Gross Margin	75.2%+0.1pp	75.1%-0.1pp	75.3%-1.7pp	77.0%-3.4pp	80.4%+0.8pp	79.6%
Operating Margin	2.8%+0.4pp	2.4%+13.2pp	-10.8%-1.7pp	-9.1%-3.4pp	-5.7%+4.0pp	-9.7%
Net Margin	24.7%+15.7pp	8.9%+14.6pp	-5.6%+21.4pp	-27.1%-13.7pp	-13.3%-2.1pp	-11.3%
Return on Equity	36.1%+15.8pp	20.3%	N/A	N/A	N/A	N/A
Return on Assets	8.8%+6.3pp	2.5%+4.0pp	-1.5%+4.8pp	-6.3%-2.1pp	-4.2%-1.0pp	-3.2%
Current Ratio	2.59+0.4	2.19-1.2	3.40-0.8	4.18+1.4	2.78-0.7	3.49
Debt-to-Equity	3.00-3.9	6.94-9.2	16.16+11.7	4.50+2.9	1.61+0.1	1.53
FCF Margin	28.9%+8.4pp	20.4%+11.8pp	8.6%-8.2pp	16.8%+3.0pp	13.7%+5.0pp	8.7%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	75.1%-0.1pp	75.2%-0.3pp	75.5%	N/A	75.2%+0.4pp	74.9%-0.3pp	75.2%	N/A
Operating Margin	4.3%-0.1pp	4.4%+2.3pp	2.1%	N/A	5.0%+3.7pp	1.4%+0.3pp	1.1%	N/A
Net Margin	3.0%-1.9pp	4.8%+1.2pp	3.6%	N/A	10.4%-37.4pp	47.8%+40.9pp	6.9%	N/A
Return on Equity	1.6%-0.4pp	2.0%+0.5pp	1.5%	N/A	4.7%-18.9pp	23.5%+19.7pp	3.9%	N/A
Return on Assets	0.3%-0.1pp	0.5%+0.1pp	0.3%	N/A	1.0%-3.0pp	4.1%+3.5pp	0.5%	N/A
Current Ratio	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+0.1	2.19
Debt-to-Equity	4.07+0.8	3.25+0.1	3.18+0.2	3.00-0.5	3.53-1.2	4.71-1.6	6.34-0.6	6.94
FCF Margin	N/A	N/A	24.4%	N/A	N/A	N/A	31.8%	N/A

Frequently Asked Questions

What is Blackline Inc's annual revenue?

Blackline Inc (BL) reported $653.3M in revenue for fiscal year 2024.

How fast is Blackline Inc's revenue growing?

Blackline Inc (BL) revenue grew by 10.7% year-over-year, from $590.0M to $653.3M in fiscal year 2024.

Is Blackline Inc profitable?

Yes, Blackline Inc (BL) reported a net income of $161.2M in fiscal year 2024, with a net profit margin of 24.7%.

What is Blackline Inc's earnings per share (EPS)?

Blackline Inc (BL) reported diluted earnings per share of $1.45 for fiscal year 2024.

What is Blackline Inc's EBITDA?

Blackline Inc (BL) had EBITDA of $68.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Blackline Inc's gross margin?

Blackline Inc (BL) had a gross margin of 75.2% in fiscal year 2024, 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 2.8% in fiscal year 2024, 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 24.7% in fiscal year 2024, 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 36.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Blackline Inc's free cash flow?

Blackline Inc (BL) generated $188.7M in free cash flow during fiscal year 2024, representing cash available after capital expenditures.

What is Blackline Inc's operating cash flow?

Blackline Inc (BL) generated $190.8M in operating cash flow during fiscal year 2024, 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 2024, including both current and long-term assets.

What are Blackline Inc's capital expenditures?

Blackline Inc (BL) invested $2.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Blackline Inc spend on research and development?

Blackline Inc (BL) invested $101.0M in research and development during fiscal year 2024.

How many shares does Blackline Inc have outstanding?

Blackline Inc (BL) had 63M shares outstanding as of fiscal year 2024.

What is Blackline Inc's current ratio?

Blackline Inc (BL) had a current ratio of 2.59 as of fiscal year 2024, which is generally considered healthy.

What is Blackline Inc's debt-to-equity ratio?

Blackline Inc (BL) had a debt-to-equity ratio of 3.00 as of fiscal year 2024, 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 8.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.