BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. It offers financial close and consolidation solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching, which analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company also provides journal entry, which allows users to generate, review, and post manual journal entries; variance analysis that offers anomalous fluctuations in balance sheet and income statement account balances; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution. In addition, it offers credit and risk, collection, dispute and deduction, and team and task management, as well as AR intelligence, electronic invoicing and payment, and cash application solutions. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization's intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. Additionally, it offers implementation, optimization, live and web-based training, and support services. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. The company was incorporated in 2001 and is headquartered in Woodland Hills, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $700M | $105M | $25M | $135M | 7.4% | 7.2% | -84.8% |
| 2024 | $653M | $184M | $161M | $164M | 36.1% | 10.7% | 205.1% |
| 2023 | $590M | $117M | $53M | $99M | 20.3% | 12.8% | -279.8% |
| 2022 | $523M | $1M | $-29M | $26M | -26.3% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 522.94 | 590 | 653.34 | 700.43 |
| Operating Revenue | - | 522.94 | 590 | 653.34 | 700.43 |
| Cost Of Revenue | - | 129.38 | 146.79 | 161.96 | 173.38 |
| Gross Profit | - | 393.55 | 443.20 | 491.37 | 527.04 |
| Operating Expense | - | 445.91 | 417.89 | 471.12 | 486.86 |
| Research And Development | - | 108.89 | 103.21 | 100.97 | 109.20 |
| Selling General And Administration | - | 337.02 | 314.68 | 370.14 | 377.66 |
| Total Expenses | - | 575.29 | 564.68 | 633.08 | 660.25 |
| Operating Income | - | -52.36 | 25.31 | 20.26 | 40.18 |
| Total Operating Income As Reported | - | -56.20 | 14.35 | 18.54 | 25.55 |
| EBITDA | - | 1.25 | 116.51 | 183.80 | 104.91 |
| Normalized EBITDA | - | 5.10 | 127.47 | 120.41 | 119.54 |
| EBIT | - | -41.56 | 66.41 | 133.46 | 58.38 |
| Interest Income | - | 14.64 | 52.06 | 49.81 | 32.83 |
| Interest Expense | - | 5.85 | 5.90 | 8.76 | 10.15 |
| Net Interest Income | - | 8.79 | 46.16 | 41.05 | 22.68 |
| Other Income Expense | - | -3.84 | -10.96 | 63.39 | -14.63 |
| Interest Income Non Operating | - | 14.64 | 52.06 | 49.81 | 32.83 |
| Interest Expense Non Operating | - | 5.85 | 5.90 | 8.76 | 10.15 |
| Net Non Operating Interest Income Expense | - | 8.79 | 46.16 | 41.05 | 22.68 |
| Pretax Income | - | -47.41 | 60.51 | 124.70 | 48.23 |
| Tax Provision | - | -13.52 | 1.45 | -43.07 | 20.97 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.09 | -0.26 | 13.31 | -3.07 |
| Net Income Continuous Operations | - | -33.89 | 59.06 | 167.76 | 27.26 |
| Net Income From Continuing And Discontinued Operation | - | -29.39 | 52.83 | 161.17 | 24.52 |
| Net Income From Continuing Operation Net Minority Interest | - | -29.39 | 52.83 | 161.17 | 24.52 |
| Net Income | - | -29.39 | 52.83 | 161.17 | 24.52 |
| Net Income Common Stockholders | - | -29.39 | 52.83 | 161.17 | 24.52 |
| Net Income Including Noncontrolling Interests | - | -33.89 | 59.06 | 167.76 | 27.26 |
| Normalized Income | - | -26.64 | 63.53 | 111.09 | 36.07 |
| Diluted NI Availto Com Stockholders | - | -29.39 | 52.83 | 161.17 | 24.52 |
| Basic Average Shares | - | 59.54 | 60.85 | 62.13 | 61.43 |
| Diluted Average Shares | - | 59.54 | 72.04 | 73.50 | 65.92 |
| Reconciled Depreciation | - | 42.82 | 50.10 | 50.34 | 46.54 |
| Reconciled Cost Of Revenue | - | 129.38 | 146.79 | 161.96 | 173.38 |
| Total Unusual Items | - | -3.84 | -10.96 | 63.39 | -14.63 |
| Total Unusual Items Excluding Goodwill | - | -3.84 | -10.96 | 63.39 | -14.63 |
| Minority Interests | - | 4.50 | -6.23 | -6.59 | -2.74 |
| Special Income Charges | - | -3.84 | -10.96 | 63.39 | -14.63 |
| Other Special Charges | - | - | - | -65.11 | - |
| Restructuring And Mergern Acquisition | - | 3.84 | 10.96 | 1.72 | 14.63 |
| General And Administrative Expense | - | 80.16 | 71.53 | 121.80 | 118.73 |
| Other Gand A | - | 80.16 | 71.53 | 121.80 | 118.73 |
| Selling And Marketing Expense | - | 256.86 | 243.15 | 248.35 | 258.93 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BlackLine, Inc.this co. | BL | $1.7B | 68.68 | 5.07 | 7.4% | 17.41 |
| Alkami Technology, Inc. | ALKT | $1.7B | -36.34 | 4.78 | -13.2% | -90.26 |
| Wealthfront Corporation | WLTH | $1.7B | -40.87 | 2.80 | -6.8% | -13.86 |
| Payoneer Global Inc. | PAYO | $1.7B | 23.46 | 2.44 | 10.4% | 7.22 |
| Arteris, Inc. | AIP | $1.7B | -49.42 | -117.35 |
| - |
| - |
| - |
| - |
| 237.5% |
| -62.82 |
| Marqeta, Inc. | MQ | $1.7B | -122.72 | 2.24 | -1.8% | -52.72 |
| Vishay Precision Group, Inc. | VPG | $1.7B | 322.26 | 5.07 | 1.6% | 62.39 |
| EverCommerce Inc. | EVCM | $1.7B | 95.62 | 2.35 | 2.5% | 16.25 |
| Harmonic Inc. | HLIT | $1.6B | -36.60 | 4.14 | -11.3% | 67.15 |
| Peer Median | - | -36.47 | 2.62 | -0.1% | -3.32 | |