BlackLine, Inc.
Description
BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. It offers financial close management solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching that 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's also provides journal entry that allows users to generate, review, and post manual journal entries; variance analysis that monitors and identifies anomalous fluctuations in balance sheet and income statement account balances; consolidation integrity manager that manages the automated system-to-system tie-out process; 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 blackline cash application, and credit and risk, collections, disputes and deductions, and team and task management, as well as AR intelligence solutions and electronic invoicing and compliance. 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. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California.
About
CEO
Mr. Owen M. Ryan CPA
Employees
1,750
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNGS
Address
21300 Victory Boulevard, Woodland Hills, CA 91367, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| May 5, 2025 | — | — | — | — |
| Feb 11, 2025 | 0.50 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 12 | — | 13 |
| Average estimate | — | 0.52 | — | 2.28 |
| Low estimate | — | 0.49 | — | 2.15 |
| High estimate | — | 0.55 | — | 2.47 |
| Last year EPS | — | 0.54 | — | 2.18 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-27.220%
Next qtr. (Mar 2025)
-3.390%
Current year
11.390%
Next year (Dec 2025)
4.250%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 590.00M | 522.94M | 425.71M | 351.74M | 288.98M |
| Cost of revenue | 146.79M | 129.39M | 97.87M | 68.97M | 58.98M |
| Gross profit | 443.20M | 393.55M | 327.84M | 282.77M | 230.00M |
| Operating expense | |||||
| Research & development | 103.21M | 108.89M | 77.32M | 56.46M | 43.01M |
| Selling general and admin | 314.68M | 337.02M | 289.13M | 246.19M | 214.89M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 25.31M | -52.36M | -38.61M | -19.89M | -27.90M |
| Non operating interest income | |||||
| Income | 52.06M | 14.64M | 700,000 | 4.50M | 6.13M |
| Expense | 5.90M | 5.85M | 62.95M | 23.31M | 8.65M |
| Other income expense | -10.96M | -3.84M | — | — | — |
| Pretax income | 60.51M | -47.41M | -100.86M | -38.70M | -30.42M |
| Tax provision | 1.45M | -13.52M | 135,000 | 702,000 | 1.73M |
| Net income | 59.06M | -33.89M | -100.99M | -39.40M | -32.15M |
| Basic EPS | 0.87 | -0.49 | -1.97 | -0.83 | -0.59 |
| Diluted EPS | 0.81 | -0.49 | -1.97 | -0.83 | -0.59 |
| Basic average shares | 60.85M | 59.54M | 58.35M | 56.83M | 55.32M |
| Diluted average shares | 60.85M | 59.54M | 58.35M | 56.83M | 55.32M |
| EBITDA | 127.47M | 5.10M | -10.79M | 5.50M | -497,000 |
| Net income from continuing op. | 59.06M | -33.89M | -100.99M | -39.40M | -32.15M |
| Minority interests | -6.23M | 4.50M | -14.17M | -7.51M | -389,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.10B | 1.94B | 1.82B | 1.11B | 1.01B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 271.12M | 200.97M | 539.74M | 367.41M | 120.23M |
| Other short term investments | 933.36M | 874.08M | 658.96M | 175.21M | 487.52M |
| Accounts receivable | 171.61M | 150.86M | 125.13M | 111.27M | 102.83M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | 23.86M | 20.23M | 12.83M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 31.24M | 23.66M | 23.86M | — | — |
| Non current assets | |||||
| Properties | 20.40M | 15.94M | 17.50M | 8.71M | 12.55M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 40.60M | 38.89M | 32.65M | 26.85M | 20.90M |
| Construction in progress | — | 121,000 | 938,000 | 17,000 | 528,000 |
| Leases | 16.20M | 14.94M | 10.06M | 10.17M | 10.13M |
| Accumulated depreciation | -44.38M | -36.60M | -28.56M | -23.79M | -18.54M |
| Goodwill | 1.01B | 1.01B | 639.16M | 644.16M | 399.07M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 116.88M | 122.93M | 59.74M | 64.74M | 28.79M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 93.55M | 92.78M | 167.81M | 63.00M | 51.65M |
| Total liabilities | 1.81B | 1.81B | 1.46B | 678.91M | 611.03M |
| Current liabilities | |||||
| Accounts payable | 8.62M | 14.96M | 7.47M | 3.15M | 7.40M |
| Accrued expenses | 34.91M | 40.78M | 32.16M | 21.71M | 20.78M |
| Short term debt | 254.12M | 6.93M | 5.31M | 4.15M | 4.94M |
| Deferred revenue | 320.13M | 279.33M | 242.43M | 191.14M | 162.55M |
| Tax payable | 9.41M | 9.42M | 9.77M | 5.50M | 4.20M |
| Pensions | — | — | — | — | — |
| Other current liabilities | 15.37M | 16.41M | 25.44M | 16.69M | 7.13M |
| Non current liabilities | |||||
| Long term debt | 1.16B | 1.39B | 1.13B | 414.39M | 394.95M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 6.39M | 5.57M | 8.18M | 6.57M | 4.57M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 3.61M | 39.78M | 4.42M | 15.55M | 4.35M |
| Shareholders equity | |||||
| Common stock | 615,000 | 600,000 | 590,000 | 577,000 | 559,000 |
| Retained earnings | -214.80M | -272.97M | -301.74M | -201.65M | -163.60M |
| Other shareholders equity | 205,000 | -1.47M | 298,000 | 376,000 | 377,000 |
| Total shareholders equity | 290.94M | 135.76M | 353.74M | 434.59M | 403.52M |
| Additional paid in capital | 474.86M | 385.71M | 625.88M | 622.77M | 561.28M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 30.06M | 23.90M | 28.70M | 12.52M | 4.91M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 59.06M | -33.89M | -100.99M | -39.40M | -32.15M | -28.78M | -33.41M | -26.34M | -24.73M | -16.75M |
| Depreciation | 50.10M | 42.82M | 27.13M | 20.89M | 21.27M | 22.34M | 19.97M | 17.42M | 14.74M | 13.46M |
| Deferred Taxes | -1.53M | -14.40M | -817,000 | -381,000 | 1.31M | 213,000 | 85,000 | -9.47M | -13.94M | -8.28M |
| Stock-Based Compensation | 77.97M | 75.88M | 65.87M | 49.69M | 34.05M | 20.90M | 16.04M | 6.53M | 5.50M | 2.02M |
| Other Non-Cash Items | -21.32M | -17.88M | 57.29M | 27.37M | 13.47M | 450,000 | 628,000 | -1.49M | 2.64M | 1.76M |
| Accounts Receivable | -20.86M | -23.03M | -14.26M | -5.73M | -27.96M | -13.21M | -20.19M | -15.54M | -6.20M | -6.82M |
| Accounts Payable | -5.10M | 4.38M | 4.00M | -4.36M | 3.24M | -4.01M | -25,000 | 3.54M | 1.07M | 810,000 |
| Other Assets & Liabilities | 28.86M | 25.43M | 23.92M | 8.94M | 11.41M | 15.09M | 19.14M | 16.00M | 15.27M | 16.93M |
| Operating Cash Flow | 167.19M | 59.29M | 62.14M | 57.02M | 24.65M | 12.99M | 2.25M | -9.34M | -5.66M | 3.12M |
| Investing Activities | ||||||||||
| Capital Expenditures | -5.95M | -10.97M | -8.73M | -6.51M | -4.63M | -6.28M | -4.00M | -1.72M | -10.09M | -1.43M |
| Net Intangibles | — | — | — | -2.33M | — | — | -4.62M | -3.27M | -2.27M | -1.44M |
| Net Acquisitions | -11.38M | -157.74M | — | -119.34M | — | — | — | -31.49M | — | — |
| Purchase of Investments | -1.34B | -1.60B | -1.18B | -266.37M | -565.68M | -122.53M | -76.61M | -83.19M | — | — |
| Sale of Investments | 1.32B | 1.39B | 697.21M | 578.72M | 166.92M | 118.51M | 78.21M | — | — | — |
| Investing Cash Flow | -40.84M | -376.41M | -492.41M | 186.51M | -403.39M | -10.30M | -2.41M | -116.40M | -10.09M | -1.43M |
| Financing Activities | ||||||||||
| Long-Term Debt Issuance | — | — | 1.13B | — | 487.16M | — | — | 34.30M | — | — |
| Long-Term Debt Payments | -990,000 | -619,000 | -432.27M | — | — | -443,000 | -549,000 | -60.83M | -532,000 | — |
| Other Financing Charges | -5.61M | -84,000 | -100.73M | -562,000 | -46.58M | 4.32M | -110,000 | -4.37M | — | — |
| Financing Cash Flow | -21.63M | -10.25M | 578.79M | -8.75M | 436.65M | 518,000 | -659,000 | 128.54M | -561,000 | 4.78M |
| Other Cash Details | ||||||||||
| End Cash Position | 271.36M | 201.21M | 539.99M | 367.91M | 120.50M | 46.46M | 31.50M | 22.52M | 15.21M | 25.71M |
| Income Tax Paid | 3.10M | 1.12M | 890,000 | 619,000 | 1.01M | 591,000 | 868,000 | 176,000 | 6,000 | 10,000 |
| Interest Paid | 313,000 | 313,000 | 506,000 | 604,000 | — | — | 8,000 | 8.65M | 634,000 | 506,000 |
| Free Cash Flow | 99.02M | 25.83M | 56.83M | 35.31M | 20.03M | 4.18M | -2.20M | -9.80M | -11.36M | 6.08M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 3,340,964 | 219.30M | 5.35% |
| Fidelity Select Portfolios - Software & IT Services Portfolio | Nov 30, 2024 | 2,274,000 | 149.27M | 3.64% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,755,666 | 115.24M | 2.81% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,617,904 | 106.20M | 2.59% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,399,879 | 91.89M | 2.24% |
| Conestoga Small Cap Fund | Sep 30, 2024 | 1,264,865 | 83.03M | 2.02% |
| Vanguard Information Technology Index Fund | Nov 30, 2024 | 1,195,028 | 78.44M | 1.91% |
| Fidelity Central Investment Port-U.S. Equity Central Fd | Sep 30, 2024 | 935,851 | 61.43M | 1.50% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 772,199 | 50.69M | 1.24% |
| Vanguard Small-Cap Growth Index Fund | Sep 30, 2024 | 772,421 | 50.70M | 1.24% |
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